Valitor sells Danish operations to co-founder of AltaPay

Valitor, an international payment solutions company headquartered in Iceland, today announced that it has signed an agreement to sell the operations of Valitor A/S (formerly AltaPay A/S) in Denmark to Christian Rasmussen. Christian co-founded AltaPay A/S, an e-commerce payment services provider (PSP) that was acquired by Valitor in 2014 and changed its name to Valitor in January 2019. Christian was leading Valitor’s omni-channel operations when he left the company in December 2018.

Herdís Dröfn Fjeldsted, CEO of Valitor comments, “At the beginning of the year we undertook a reorganisation of the company in order to strengthen our core business. As the latest phase of this process, I’m very pleased that our Danish operations have a new owner that has such a strong personal connection to Valitor’s omni-channel operations. Christian’s knowledge and passion for the business is great news for customers and employees alike.”

Christian will take over all customers who are contracted with Valitor A/S and continue trading as AltaPay.  Valitor’s omni-channel customers are mostly based in the UK and the Nordics, where it has a particularly large presence in Denmark. There will be no interruption to services for any customers.

“Valitor and AltaPay have always shared much in common with a focus on technology, simplicity and expertise that provide a personal experience,” said Christian Rasmussen. “We are pleased to have Valitor continue to provide us with acquiring services and support the growth of our customers across key markets.”

The commercial terms of this sale are confidential. Valitor remains a financially strong international payment solutions company, offering acquiring, issuing and gateway services directly to businesses in Iceland, the UK and Ireland and through partners across Europe.