Fintech Scion Limited entered into an asset purchase agreement to acquire substantially all of the assets of CICO Digital Solutions Limited for approximately $250 million.

Fintech Scion Limited, formerly HWGC Holdings Limited, offers digital banking services. The Company provides the tools, skills and solutions to facilitate payment services to merchants, offering a variety of secured, online and fully managed transactions and settlements. It provides a financial layered ecosystem built on a technology infrastructure that enables financial institutions to offer a consolidated experience. It supports different verticals serving the business-to-business, business-to-consumer and consumer-to-business landscape. It integrates e-money remittance services working in the global marketplace, ranging from open banking and credit card processing, to wire solutions enabling customers to coordinate payments across a multitude of payment methods. Its solution is delivered as a software as a service to clients, enabling them to focus their time and energies on their operations and sales. Its merchants include small and medium enterprises and large enterprises.