The chairperson of the board of Swiss company iSun Ieva Trinkūnaitė acquired Foxpay

Lithuanian capital electronic payments company Foxpay has been acquired by Ieva Trinkūnaitė, chairperson of the board of the Swiss group iSun, as representative of the banking services platform, extending its potential to international markets. The Ellex Valiunas lawyers represented the acquirer before the Bank of Lithuania.

The transaction is expected to contribute to improving products and services in the financial sector in Lithuania and open up opportunities for additional investment in the country’s fintech sector.

Foxpay, which has been operating since 2009, manages a mobile wallet of the same name, develops payment collection systems for e-shops and businesses and provides self-service payment terminal rental services. Foxpay is one of the iSun Group’s strategic investments to strengthen electronic payment services. This technology is aimed at offering consumers unparalleled products on the market, both in anti-money laundering and in the architecture of banking systems.

The project was implemented by the Ellex Valiunas’ Banking and Finance practice team: partner Ieva Dosinaitė, associate partner Julija Šlekonytė, associate Domantas Gudonis and expert Eglė Kontautaitė.