Established over 15 years, this company provides TessPay with expansion opportunities into construction industry with large multi-year commercial contracts
TessPay, owner of secure payments platform including Smart Contracts and Automated Payments, announced that it has acquired Create.iF, a multi-disciplinary UK construction and property consultancy.
Create.iF is a multi-disciplinary consultancy offering services to the construction and property industry, including Development Management, Fund Monitoring, Cost Modelling, Employers Representative, Quantity Surveying, Construction Management and specialist contract advice.
The team at Create.iF have the expertise to engage with a project at any stage and move through the development process as efficiently and economically as possible.
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This acquisition will provide TessPay the ability to expand beyond their wholesale telecom business that processes approximately $20 million in monthly cross border voice calls, leveraging Create.iF’s clients and industry experience to facilitate financing transactions for major construction projects.
“The acquisition of Create.iF opens up incredible expansion opportunities for our company,” says CEO of TessPay, Jeff Mason. “With Create.iF’s involvement in the construction industry added to our extensive fintech reach, we will have the ability to provide our services across a wider range of industries and audiences. Our online platforms, combined with Create.iF’s capabilities, will enhance the customer experience by creating a smooth, easy, and accessible way to get their projects completed in a timely and cost-effective manner.”
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“Create.iF have been advocates for improving transparency and efficiency in the flow of information and funds in construction projects for many years,” says MD of Create.iF, Matt Butler. “We have developed many robust processes that benefit our investor, developer and contractor clients and are excited to be part of TessPay’s Property Technology offering to the sector by blending fintech expertise with our industry experience.”
In addition to this announcement, TessPay is also actively engaged with investment bankers to obtain a listing on NASDAQ in early 2023.
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