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Irish fintech Prepaid Financial Services recorded €18m loss ahead of liquidation

Irish fintech Prepaid Financial Services recorded €18m loss ahead of liquidation
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Embattled EML pays final £15m to settle with former Prepaid Financial Services owners

Embattled Australian payment group EML Payments has agreed to pay £15m (€17.5m) to the sellers of Prepaid Financial Services Group (PFS) to settle all outstanding liabilities associated with the soured 2020 deal to buy the business.

Prepaid s founders won t receive any earnout from acquisition, EML confirms

The Irish founders stood to earn as much as £55 million in earnouts as part of the acquisition at one stage

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