Linklogis Acquires Bytter to Enhance Treasury Management Solutions

In a significant move to strengthen its position in the financial technology sector, Linklogis Inc. has announced its strategic acquisition of Shenzhen Bytter Technology Co., Ltd. The acquisition, formalized through a Letter of Intent signed on August 29, will see Linklogis become the controlling shareholder of Bytter, a leading provider of treasury management solutions.

This strategic partnership aims to integrate the core competencies of both companies in treasury management and supply chain finance technology. The collaboration is expected to assist customers, particularly state-owned enterprises and large-to-medium-sized private companies, in developing world-class financial management platforms and advancing intelligent treasury management systems.

Bytter, established in 2000 and listed on the National Equities Exchange and Quotations Co., Ltd. in 2015, has built a strong reputation in the treasury management sector. As a national high-tech enterprise, Bytter offers comprehensive solutions, including group treasury management systems and core business systems for finance companies. The company has implemented digital transformation in treasury management for over 1,500 enterprises and possesses technical capabilities for all 11 treasury function modules required by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

Linklogis, recognized as a leading supply chain finance technology solution provider in China, has been focusing on facilitating the ecological interconnection of "industry chain - transaction flow - finance." The company has recently secured contracts for comprehensive supply chain platforms with state-owned enterprises and leading private companies, demonstrating its growing expertise in financial technology applications.

The acquisition is poised to create a synergy that will enhance Linklogis' comprehensive financial management digital transformation services for enterprises. By leveraging Bytter's extensive technical expertise and service experience in treasury management, Linklogis aims to expand its product and service offerings, strengthening its technological and market-leading position in the sector.

Hu Defang, founder and chairman of Bytter, emphasized the evolving nature of treasury management, stating, "Treasury management is shifting from traditional cash management to advanced treasury systems focused on value creation and strategic guidance." He expressed confidence that the partnership with Linklogis would drive digital transformation and reform in enterprise treasury management.

Ji Kun, co-founder and president of Linklogis, highlighted the strategic importance of the acquisition, saying, "This acquisition is a strategic move to broaden our business scope and a key step in responding to evolving market demands." He added that the integration of Bytter's technological strengths and customer resources would significantly enhance Linklogis' industry-finance treasury solutions and solidify its leading position in financial technology.

The merger is expected to have far-reaching implications for the financial technology industry, particularly in the realm of treasury management. As enterprises increasingly seek sophisticated financial management tools, the combined expertise of Linklogis and Bytter is likely to accelerate the development of more efficient, secure, and intelligent treasury management solutions.

This strategic acquisition represents a significant development in the financial technology sector, potentially reshaping the landscape of treasury management services in China and beyond. As the integration progresses, industry observers will be keenly watching how this new partnership translates into innovative solutions for enterprise financial management.