M&A Deal Summary

Param Acquires Twisto

On August 16, 2023, Param acquired information technology company Twisto from Zip

Acquisition Highlights
  • This is Param’s 1st transaction in the Information Technology sector.
  • This is Param’s 1st transaction in Czech Republic.

M&A Deal Summary
Date 2023-08-16
Target Twisto
Sector Information Technology
Buyer(s) Param
Sellers(s) Zip
Deal Type Divestiture

Target

Twisto

Prague, Czech Republic
website
Twisto is a payment app for the mobile-first era. Connected with a Mastercard and Apple Pay-compatible, the Twisto account enables customers to pay for their online purchases with just one click, deal with bills and invoices by taking a photo of them within the app, and pay just about anywhere else with the card, a unique payment bracelet or Apple Pay. Twisto was formed in 2013 and is based in Prague, Czech Republic.

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Buyer(S) 1

Buyer

Param

Istanbul, Turkey

website

Category Company
Founded 2014
Sector Financial Services
DESCRIPTION

Param is an electronic money institution. It offers services to a wide range of individual and corporate customers such as electronic money, prepaid cards, physical and virtual POS, e-wallets. Param was formed in 2014 and is based in Istanbul, Turkey.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (Czech Republic) 1 of 1
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 PayCore

Istanbul, Turkey

PayCore provides innovative, end-to-end payment technology solutions to banking, telecom, payment service provider, personalization office, government, transportation, and retail sectors. Paycore, which has more than 30 awards locally and internationally in the areas of card software packages, digital payment solutions, smart city applications, EMV solutions, and secure hardware services, is a technology solution partner to more than 150 clients in over 35 countries. PayCore was formed in 2001 and is based in Istanbul, Turkey.

Buy -

Seller(S) 1

SELLER

Zip

Sydney, Australia

website

Category Company
Founded 2013
Sector Financial Services
Revenue 83M AUD (2019)
DESCRIPTION

Zip offers point-of-sale credit and digital payment services to consumers and merchants. It provides a variety of integrated Retail Finance solutions to small, medium, and enterprise businesses across numerous industries, both online and in-store. Zip was formed in 2013 and is based in Sydney, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (Czech Republic) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-23 Twisto

Prague, Czech Republic

Twisto is a payment app for the mobile-first era. Connected with a Mastercard and Apple Pay-compatible, the Twisto account enables customers to pay for their online purchases with just one click, deal with bills and invoices by taking a photo of them within the app, and pay just about anywhere else with the card, a unique payment bracelet or Apple Pay. Twisto was formed in 2013 and is based in Prague, Czech Republic.

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