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Intraco acquires controlling stake in SlideSG for $5 mil to expand into fintech sector

Nicole Lim
Nicole Lim • 2 min read
Intraco acquires controlling stake in SlideSG for $5 mil to expand into fintech sector
“This is more than an acquisition. It is a strategic transformation of Intraco,” said Mak Lye Mun, executive chairman of Intraco.
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Intraco Limited has acquired a controlling stake in SlideSG for $5 million, a company that has primary activities related to payment services.

Building on its initial minority stake acquired in Jan, Intraco will now acquire an additional 60.1% stake in SlideSG.

SlideSG has a major payment institution licence from the MAS under the Payment Services Act 2019, and the company has been involved in the provision of mobile remittance and money changing services.

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