Intrum enters an agreement with Cembra Money Bank in Switzerland
Intrum has entered an agreement with Cembra Money Bank AG under which Cembra will acquire Intrum’s wholly owned subsidiary Byjuno and its sister company Intrum Finance Services AG. As part of the agreement, Cembra and Intrum also agreed on entering a BNPL debt collection activities and credit information partnership. The transaction is expected to close before the end of this year.Byjuno was founded by Intrum AG in 2014 and is one of Switzerland’s largest providers of buy now, pay later (BNPL) solutions. The agreement means that Cembra will acquire Byjuno and its sister company Intrum