CapitalSage Vantage Has Acquired Chimoney
The fintech firm purchased Chimoney to expand its cross-border remittance capabilities and relaunched the app as Tiki.
Updated on Oct. 10, 2026 in Financial Services
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CapitalSage Vantage Limited has finalized its acquisition of Chi Technologies Inc., formerly known as Chimoney. Following the deal, the platform has resumed operations and relaunched its consumer-facing application under the name Tiki.
Why it matters
The acquisition allows CapitalSage to leverage established Canadian payment infrastructure to scale its cross-border remittance business. The deal also provided a path for the repayment of all previous Chimoney investors following the platform's earlier operational shutdown.
The acquisition resulted in the full repayment of all investors, covering 31 individual and corporate creditors. The platform now supports 41 distinct currencies for its remittance services.
The players
CapitalSage Vantage Limited
This is a financial services company that specializes in cross-border payment solutions and remittance infrastructure.
Chimoney
This is a fintech platform that originally operated in Canada and Nigeria, providing global payment and remittance services.
Tiki
This is the newly rebranded consumer-facing application that replaced the former Chimoney platform.
The details
Chimoney had previously suspended all transactions in May 2026 due to insufficient capital for its growth ambitions. CapitalSage structured the acquisition in phases to meet Canadian regulatory requirements for payment service providers.
Timeline
Chimoney was founded in 2022.
Operations were suspended on May 1, 2026.
The acquisition agreement was signed in June 2026.
The deal was officially announced as complete on October 9, 2026.
Market Landscape
This acquisition reflects a broader consolidation trend among fintech providers seeking to bypass the high capital hurdles of international expansion. By absorbing existing compliant infrastructure, firms like CapitalSage are rapidly scaling their remittance footprint in competitive global markets.
Customers who previously used the platform can now resume international remittance services via the new Tiki application. The service expansion currently targets users moving funds between Canada, the United Kingdom, and The Gambia.
The takeaway
The move demonstrates how failing fintechs can be salvaged through strategic acquisition, turning insolvency into a market opportunity for larger firms. Users of such platforms should monitor regulatory updates, as compliance changes frequently impact service availability.
Further reading
For more information on the evolving sector, explore the latest updates in Financial Services.
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