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Wednesday, April 17, 2024

Bestax advises Kíneox on integration with PFS

Bestax Abogados y Asesores Tributarios has counselled Kíneox on its integration agreement with PFS

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The Spanish technology companies have just signed an integration agreement through which they hope to lead the digital collections and recoveries market through a proprietary technology platform that covers the entire credit risk management cycle.

As a result of this union, they expect to strengthen their international expansion plan both in Europe and Latin America, increase their product portfolio and double their turnover by 2024. Its turnover in 2022 will exceed €45 million and its consolidated Ebitda will be €10 million.

Kíneox is a leading company in the digital transformation of collection processes through the integration of Artificial Intelligence and SaaS (Software as a Service) solutions. It is currently present in more than 14 European and Latin American countries and has a highly qualified staff of more than 50 professionals. Its main clients include financial institutions, telecommunications companies, utilities, and insurance companies.

PFS is a company dedicated to the creation of digital platforms, as well as proprietary software solutions. It has a workforce of more than 700 professionals and a presence with clients in 26 different countries.

Bestax’s team was led by managing partner Igor Alonso, along with Corporate lawyers Teresa Losada and Martín Hernández.

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