Old Mutual buys 22Seven, multiple currencies & overseas expansion soon

Popular money management tool 22Seven has been acquired by the UK division of Old Mutual for an undisclosed sum of money.

While rumours have been flying around that the tech startup with tumultuous beginnings has been courting the financial juggernaut for a while, the two companies have only now confirmed that the deal is going through.

The buyout will see 22Seven absorbed into Old Mutual’s plans to develop digital support for its customers.

Read more Ventureburn.