Cuscal takes stake in Moroku

Cuscal takes stake in Moroku

Cuscal, the nation’s key independent provider of payment solutions, has taken an 11 per cent stake in emerging fintech company Moroku, which provides a mobile banking platform in the cloud that facilitates customer acquisition. In the latest example of a partnership between an established financial services player and an ambitious start-up, Moroku will help Cuscal take its digital business to the next level. “Their expertise in app development will help broaden our own capabilities and allow us to enhance our digital and mobile offering, which is an increasingly important part of our clients’ product suite,” Cuscal managing director Craig Kennedy said.

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