DataMetrex Completes Acquisition of Yuzu Payment Processing Solution

Toronto-based Datametrex AI Limited has finalized the acquisition of Yuzu Payment Solution from Firstpayment Inc., enhancing its foray into digital payments. The transaction, valued at $5.5 million, involved issuing 55 million Datametrex shares. Yuzu, renowned for its advanced payment and cryptocurrency features, is poised to strengthen Datametrex's portfolio through its subsidiary Paymetrex.

CEO Paul Haber expressed optimism, noting the acquisition aligns with Datametrex’s strategy to expand in next-gen payment technologies. While Yuzu's integration is underway, the company aims to secure merchant relationships to drive revenue. This acquisition does not alter the core business or control structure of Datametrex.

Michael Kron joins Datametrex’s Board and as VP of Paymetrex following the deal. Kron’s stake in the company rises to approximately 12.15%. An early warning report related to his holdings will be filed, accessible on SEDAR.