TASConnect, backed by Standard Chartered, acquires Solv's Vietnamese and Malaysian subsidiaries

Supply chain financing platform TASConnect is set to acquire the Vietnamese and Malaysian subsidiaries of Solv, an online marketplace for micro, small, and medium-sized enterprises (MSMEs) based in India.

TASConnect has announced that the acquisition of Solv Malaysia has been completed, while the purchase of Solv Vietnam is still in progress. Following the acquisition, Solv Malaysia will be rebranded as TASConnect Malaysia, whereas the rebranding of Solv Vietnam is still "under review." The financial terms of these transactions have not been disclosed.

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