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Five years of innovation: Marx – CrossBorder Payments paves the way for a Cashless Sri Lanka

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Marx - CrossBorder Payments members receiving an award for their excellence

CrossBorder Payments (Pvt) Ltd which operates under the brand name marx, is a leading force in Sri Lanka’s fintech landscape, celebrates a path of creativity, resiliency, and revolutionary influence as it proudly marks its fifth anniversary. Since its inception, the company has transformed from a promising startup to a trailblazing fintech leader, enabling companies of all sizes and propelling the country’s digital payment revolution.

Reflecting on this milestone, CEO of Marx CrossBorder Payments, Rohitha Perera stated, “Digital transformation is no longer a luxury; it is a necessity. While Sri Lanka stays mainly cash-driven, the worldwide economy is moving swiftly towards digital transactions. Marx CrossBorder Payments is dedicated to closing this gap by offering creative, easily accessible, and inclusive payment solutions. Our all-in-one point-of-sale system, the first of its kind in the world, will revolutionize trading & commerce will be done in Sri Lanka and making sure that SMEs, who is the foundation of our economy, have the resources they need to prosper in a world that prioritizes digital transactions.

Marx CrossBorder Payments has led the way in digital innovation for the last five years and has been essential to the country’s transition in building a cashless society. The company has received numerous honors, such as the National ICT Awards (2022, 2023, 2024), the Innovate Lanka Awards (2022), the South Asia Startup ICT Award 2023 (Top 5), and a nomination for the Asia Pacific ICT Alliance Awards in 2023. These accomplishments demonstrate its steadfast dedication to technology innovation and financial inclusion.

The company has created an all-in-one point-of-sale (POS) solution that transforms any iOS or Android device into a potent sales system, taking into account the particular difficulties faced by SMEs that required high investments for such technologies to automate their stores. Eight local and international payment methods are integrated into this ground-breaking technology, providing small enterprises with the same technological advantages as major retailers. Customers can view their earned and redeemed rewards which will be largest open loop loyaty based program, rebates, and discounts in real time on a single platform thanks to the company’s AI-powered loyalty program that will be individually rewarded, in order to encourages digital purchases in making Sri Lanka a cash free society.



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Business

From import to export – Finch Foods expands international retail presence to Australia

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Finch Foods booth exhibiting at Foodex Japan in Tokyo

Finch Foods – pioneering Sri Lankan FMCG brand – is furthering its international expansion with the launch of its retail presence in Australia. The move marks yet another turning point for the homegrown company, following four international market launches under the Finch Foods brand within the space of just three years, a company news release said on Wednesday.

This milestone entry includes a dedicated e-commerce site, a listing on Amazon AU, and ongoing discussions with major supermarket chains, specialty stores, and distributors. Australian consumers can now access Finch Foods’ extensive portfolio of high-quality signature spices and seasonings, coconut products, gluten-free flours, ayurvedic and herbal products, and natural food colourings that showcase the rich variety and distinctiveness of Sri Lankan ingredients, it said.

“Australia has always been a key market for Finch Foods – one with immense potential to enter, develop, and scale,” says Fawaz Fassi, Founder & Managing Director of Finch Foods. “This expansion reflects the growing global demand for authentic Sri Lankan heritage ingredients, and we are excited to bring our unique offerings to Australian consumers.”

Founded in 2015 as a 100 per cent import-driven company, Finch Foods entered the food industry by becoming the exclusive agent for renowned international brands such as Bragg Live Foods (USA), The Berry Company (UK), Kewpie (Japan/Malaysia), Cornish (UK), Pokka (Singapore), and Nando’s Grocery; bringing superior flavours and ingredients from around the world to Sri Lankan consumers.

However, the global pandemic followed by local economic instability severely tested this business model, and in just a few years since inception, it was time for the company to rethink its operations. In 2022 Finch Foods set its sights outwards by looking inwards; having discovered that there was a wealth of incredible spices, herbs, and ingredients to be found right here in Sri Lanka – robust and nuanced flavours that would surely intrigue culinary tastebuds from around the world.

“As a pioneer in culinary innovation, our vision is to harness the rich and diverse culinary tradition of Sri Lanka while also bridging the growing disconnect between food and its heritage,” Fassi adds. “At Finch Foods, we recognized the need to add unique value to our products—offering new and exciting options for consumers while distinguishing ourselves from more traditional exporters in the market.”

In 2023, Finch Foods celebrated the opening of its first independent store in Havelock City Mall, Colombo, and expanded its international footprint; establishing a retail presence in Hong Kong, the Czech Republic, and Canada, becoming a key supplier to Japan, and securing a partnership with global retail giant Lulu Group in the UAE. This shift to exports has allowed the company to adapt to different market requirements, leveraging its wide product range to remain flexible in catering to diverse consumer needs.

“As Finch Foods continues to expand its distribution network and strengthen its presence in Australia, the company is also poised to to focus on accelerating its global expansion, breaking into new markets, while also further diversifying its product portfolio,” the release concluded.

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Dearo Investment partners with Ceylinco General Insurance to enhance customer benefits

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Officials of Dearo Investment and Ceylinco General Insurance exchanging the MoU

Dearo Investment Pvt. Ltd. has signed an MoU with Ceylinco General Insurance to provide an insurance scheme for its customers. Under this agreement, every customer who transacts with Dearo from anywhere in the country will receive insurance coverage. The MoU was officially signed on 26 Feb, 2025. The signing ceremony was attended by key representatives from both organisations. Dearo Investment was represented by Chief Executive Officer and Managing Director Prasanna Sanjeewa and Chief Operating Officer Niranjan Warnasooriya, while Ceylinco General Insurance was represented by General Manager S. Thilakesh, Assistant General Manager V.K. Gunathilaka, Area Sales Manager N.G.C. Gunarathna, and Senior Marketing Executive Keshara Hasun. Dearo Investment has flourished as a trusted name in the financial sector with its highly experienced Board of Directors, including Prabash Gunaratne, Upul Edirisuriya, Tharindu Dhananjaya Samarawickrama, Niranjan Warnasooriya, and Thilini Kalhari Ekanayake.

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The Residencies Kotte by ICC nears completion ahead of schedule

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The Residencies Kotte by ICC is making remarkable progress, moving ahead of schedule towards completion (December 2025). With ICC’s proven track record of on-time delivery and availability running low, this is a rare opportunity to invest in a home that blends modern luxury with a thriving community, said a release.

It said: Now in its final phase, key milestones are being completed at an accelerated pace. From the striking façade to the finishing touches within each apartment, every element is meticulously crafted to meet ICC’s highest standards.

As The Residencies Kotte nears completion, demand has surged. With all two-bedroom apartments already sold out, only a limited number of three-bedroom units remain available. This overwhelming response is a testament to the unmatched value, world-class amenities, and most importantly, the prime location. Nestled in the heart of Kotte, this development offers unparalleled convenience—situated in a highly sought-after neighbourhood that seamlessly blends urban connectivity with the tranquillity of a well-established residential area.

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