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Isle of Man-based e-wallet company Neovia Financial has acquired Canadian rival online payments provider Optimal Payments for up to US$50 million (£31.25 million) in cash, shares, and vendor debt financing.
As a result it has appointed Optimal Payments' founder Joel Leonoff to its board as an executive director.
He will become joint chief executive officer of the company alongside Mark Mayhew, Neovia's current president and chief executive.
HMRC names Isle of Man firm in tax avoidance scheme
The UK tax office has issued a 'stop notice' as a result
Laxey restaurant Ballacregga Tea Room closes as tenant steps down
The venue has closed until new tenants are found
Employment and Skills Fair takes place today
Over 60 exhibitors will be presentÂ
Manx food producers encouraged to attend major event in London
The Department for Enterprise is offering funding for those with a 'proven export model'
