On Nov. 25, 2021, FinTech giant Revolut announced that it had acquired ePOS software provider Nobly POS (www.noblypos.com). The move would expand payment services for restaurants and the hospitality sector. The press release does not mention a purchase price. One of the investors of directors of Nobly POS or its legal entity Global Retail Technology Limited was an investment of the collapsed ING subsidiary Payvision, founded by disgraced fintech entrepreneur Rudolf Booker. Recently, ING has announced to close Payvision. Only POS has distanced itself from Payvision and Booker.
The Revolut Transaction
The legal entity behind Nobly POS is Global Retail Technology Limited, registered in the UK. Revolut took control of the company as of Nov. 9, 2021, according to the UK Companies Register. As of Nov. 29, the directors have resigned. These included beneficial owners George Urdea, Romania, and Sebastiaan Bruinsma, Holland. Payvision co-founder and then CEO Rudolf Booker has already left in March 2021.
The financial terms of the acquisition were not disclosed.
Please read our report on Rudolf Booker’s post-Payvision activities here!
Disassociating from Payvision
Nobly POS has clearly distanced itself from Payvision and Rudolf Booker. At no time would they have processed payments for Payvision, would not have been involved in their business practices, and have not been part of their network.
According to Nobly POS co-founder Sebastiaan Bruinsma‘s written statement to FinTelegram in February 2021, Payvision joined the company in 2014 as an investor. Thus in 2015, Rudolf Booker has then appointed as a non-executive director to look after Payvision‘s interests. Since then, the company has done several fundraising rounds, resulting in a non-significant Payvision stake.
Share information
If you have any information about Nobly POS, Payvision, Rudolf Booker, and its corporate activities, please share it with us through our whistleblower system, Whistle42.
