Mosaic Solutions has acquired commerce enablement platform HelixPay in the Philippines, while Singapore’s Olam Agri has secured $2 billion in financing.
Mosaic Solutions acquires Helixpay
Philippine business technology provider Mosaic Solutions has announced its acquisition of HelixPay, a commerce enablement platform, for an undisclosed amount.
The company also signed a strategic partnership with local payments startup PayMongo to create the country’s first unified commerce platform that connects in-store and digital operations for businesses.
The platform combines point-of-sale, payments, and digital commerce, allowing businesses to manage sales, payments, and business intelligence through a single system, per the announcement.
It enables any payment method via one POS terminal and connects seamlessly with online operations.
“This marks a fundamental shift in how Philippine businesses can operate,” said Brett Doyle, CEO of Mosaic Solutions.
As part of the acquisition and partnership, Mosaic Solutions is establishing an advisory board with fintech and software executives, including PayMongo CEO Jojo Malolos and HelixPay co-founder Andrew Koger.
Mosaic Solutions is backed by ACTIVE Fund, Gentree Fund, and Foxmont Capital Partners.
Olam Agri raises $2b financing
Olam Agri, the food, feed, and fibre subsidiary of Singapore’s Olam Group, has announced raising $2 billion in financing through two facilities to refinance existing loans and general corporate purposes.
The $1.25-billion facility is backed by Barclays Bank, Citigroup Global Markets Asia, DBS Bank, JP Morgan Chase Bank, and HSBC as senior mandated lead arrangers.
Meanwhile, the $750-million facility is arranged by Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. HSBC serves as the facility agent for both loans.
The facilities, set to mature in July 2028, have Olam Global Agri Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. as borrowers.
Currently guaranteed by Olam Group, the guarantee will be assumed by Olam Agri upon its planned demerger from the parent company, per the announcement.
In August last year, Olam Group’s wholly owned subsidiary Olam Holdings secured a $1.5-billion loan facility with a tenure of 1.5 years. The facility is guaranteed by Olam Group.
