🚀 Short Circuit Acquires Payable to Boost Sri Lanka's Fintech Landscape

Sri Lankan digital payment platform Payable has been acquired by regional tech powerhouse Short Circuit to scale nationwide payment adoption and drive fintech innovation. • Transaction & Investment: Short Circuit will invest US$ 2.5 Mn into Payable to fuel its next phase of growth, focusing on next-generation solutions like Soundbox and SoftPOS alongside advanced merchant management tools. • Current Scale: Established in 2016, Payable is Sri Lanka's largest payments technology company, currently supporting over 40,000 merchants across the island. • Growth Roadmap: The company plans to expand its merchant network by an additional 100,000 merchants over the next four years to deepen market reach. • Strategic Impact: The acquisition merges Payable's payment layer with Short Circuit's ERP infrastructure, accelerating Sri Lanka's ICT/BPM and fintech ecosystems while supporting the national transition toward a digitally inclusive economy.