Sandpiper Digital Payments AG leaps to Asia by acquiring GoGORILLA
Sandpiper Digital Payments AG, the market European leader in Europe for cashless payment systems and services, announces its acquisition of Singapore-based cashless payment startup, GoGORILLA, for an undisclosed amount.
Sandpiper has invested in ten companies, serving more than five million end-users in verticals with high entry barriers (sports, events, campuses, corporations, retail, leisure, security and services). With this acquisition, Sandpiper Digital Payments enters the Asian market with a team that has a proven track record in making payments hassle-free for venues, visitors, event organizers, and event attendees. “Sandpiper’s core strategy focuses on the acquisition and integration of growth companies in the highly fragmented payment industry,” says Alexander Schümperli, Co-CEO of Sandpiper. “We chose GoGORILLA’s team, technology and results to allow us to expand rapidly across Asia Pacific.”
GoGORILLA has activated over 300,000 RFID wristbands and handled over 8 million units of cashless currency during events in 3 countries. The startup has worked on major events including Road To Ultra Singapore, Rainforest Music Festival Sarawak, Road to Ultra Bangkok, Singapore Jazz Festival, Singapore Yacht Show, Savour Gourmet Food Festival and more. Sandpiper currently provides cashless solutions to 25 stadiums across Europe. The new Sandpiper Asia team is now able to expand their platform and service offerings with full support into venues and long-term installations such as theme parks and stadiums. In addition, the platform will include Sandpiper’s e-wallet, currently used in over 12,000 locations across the Netherlands, enabling users to carry their funds outside of the event and into F&B/Retail locations. This will enhance the opportunities for event organisers to work with their sponsors and communities on a larger scale pre and post event. “The acquisition of GoGORILLA allows us to reach our true potential and scalability in providing bespoke solutions for the public in venues and events, and at the same time positioning Sandpiper Asia as a one-stop shop for digital payments,” said James Kane, Founder of GoGORILLA. “Together, we can get a foothold from which to further our development and capabilities in this region.” Following the acquisition, James and his core team will remain with the company to assist in Sandpiper Asia’s organic growth and will be key to its strategic direction in the Asia Pacific market.