CODEBLOCKS

Company Overview

Snapshot

Founded in August 2022 by Erez Attia, CODEBLOCKS operates with 1–10 employees. The company was acquired by OMNIQ Corp in February 2024 for $1,275,044, marking a significant exit for the fintech software developer.

Business overview

CODEBLOCKS specializes in developing advanced payment solutions, leveraging a team with extensive experience in clearing systems, credit cards, EMV, payment gateways, and digital currencies. The company's core technology powers financial technology for major industry players, offering advanced features and software-as-a-service delivery. CODEBLOCKS operates within the Fintech & Insurtech sector, specifically in Money Transfer & Management, serving the B2B market.

Strategic signal

The acquisition of CODEBLOCKS by OMNIQ Corp in February 2024 for $1,275,044 signals a strategic move by OMNIQ to integrate CODEBLOCKS' fintech platforms, replacing licensed software and aiming for cost savings and increased market share. This transaction validates CODEBLOCKS' advanced payment solutions and positions OMNIQ for enhanced growth and profit generation in the fintech market.

Company Intelligence Q&A

What was a significant recent corporate milestone for CODEBLOCKS?

CODEBLOCKS was acquired by OMNIQ Corp in February 2024 for $1,275,044. This acquisition allows OMNIQ to integrate CODEBLOCKS' advanced fintech platforms, aiming for cost savings and an expanded market presence.

Who founded CODEBLOCKS and when?

CODEBLOCKS was founded in August 2022 by Erez Attia.

What is CODEBLOCKS' primary focus in the market?

CODEBLOCKS specializes in advanced payment solutions, including expertise in clearing systems, credit cards, EMV, payment gateways, and digital currencies, primarily serving the B2B market.

What is the employee size of CODEBLOCKS?

CODEBLOCKS operates with 1–10 employees.

What sector does CODEBLOCKS operate in?

CODEBLOCKS operates in the Fintech & Insurtech sector, specifically focusing on Money Transfer & Management.