White Matter Advisory acquires 90% stakes in fintech startup Fairexpay

Treasury risk consulting firm White Matter Advisory on Monday announced the acquisition of a 90 per cent stake in fintech startup Fairexpay for an undisclosed amount.

The acquisition will help White Matter Advisory in expanding its portfolio in the area of cross-border remittance and fund collection services, a release said.

White Matter Advisory, operating under the name SaveDesk (White Matter Advisory India Pvt Ltd), is in the treasury risk advisory sector. It oversees funds under management (FUM) totalling USD 8 billion, offering advisory services to a wide range of clients.

Bangalore-based White Matter Advisory helps businesses navigate the complexities of treasury and risk management.

Fairexpay, authorised by the Reserve Bank of India (RBI) under Cohort 2 of the Liberalized Remittance Scheme (LRS) Regulatory Sandbox, boasts features, including best-in-class FX rates, 24-hour processing time, and comprehensive security compliance.

"With this acquisition, White Matter Advisory