CTO Labs advises Five V Capital on investment in OrbitRemit, leader in global money transfers
CTO Labs has supported FIVE V Capital as Technical and Cybersecurity Diligence Advisor as part of their their investment in OrbitRemit, a digital cross border payment platform.
CTO Labs has supported leading private equity & venture capital firm FIVE V Capital on their investment in OrbitRemit, a leading provider of money transfer services from New Zealand and Australia to the world.
OrbitRemit is a New Zealand born success story, established in 2008, today providing simple, accessible and transparent money transfers around the world for millions of transfers a year.
The transaction is another successful installment for the Five V New Zealand office, a team focused on deal origination, execution, and portfolio management across the local market, working closely with the broader Five V team in Australia.
CTO Labs acted as Technical and Cybersecurity buy-side diligence advisor to Five V Capital working closely with Five V New Zealand and Australia, and the team at OrbitRemit. Our scope included software development, infrastructure, cybersecurity, code forensics, and integration capability assessment, to identify opportunities, manage risk and help highlight the full potential of the proprietary technology of OrbitRemit.
The CTO Labs M&A team included Kitson Kelly and Isaac Schultz.
Joshua Hinton, CTO Labs Co-Founder said "Having supported the Five V Capital team across a number of transactions, we are delighted to have assisted with their investment in OrbitRemit, a significant New Zealand Fintech success story. It was also a pleasure to play a role in the expanding market footprint of Five V Capital in New Zealand. Congratulations to all involved.”
Read the full statement from Five V here.
Explore our site to read more about CTO Labs Technical and Cybersecurity Diligence Services
