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Walless Advises Typhoon Wealth Group on Acquisition of Ambr Payments

Walless Advises Typhoon Wealth Group on Acquisition of Ambr Payments

Lithuania
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Walless has advised the Typhoon Wealth Group Limited on its acquisition of Lithuania's Ambr Payments.

Ambr Payments is an authorized electronic money institution regulated by the Bank of Lithuania offering dedicated European IBAN accounts, multi-currency wallets, and access to various marketplaces, among others. Authorized by the Bank of Lithuania in 2020 (as reported by CEE Legal Matters on June 17, 2020), Ambr Payments targets small and medium enterprises within European online marketplaces.

According to Walless, "now, with a new investor – the Typhoon Wealth Group Limited, an international group headquartered in London and powered by a fully integrated European digital banking platform – Ambr Payments is set for growth and technological advancement."

The Walless team included Partner Gediminas Reciunas, Associate Partners Akvile Marozaite, Asta Lygnugaryte, and Marija Grigaraviciene, and Associate Ieva Pikaite.

Walless did not respond to our inquiry on the matter.

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