M&A Deal Summary

Zip Acquires Twisto

On May 23, 2021, Zip acquired information technology company Twisto

Acquisition Highlights
  • This is Zip’s 2nd transaction in the Information Technology sector.
  • This is Zip’s 1st transaction in Czech Republic.
Investment Fate
  • Twisto was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary
Date 2021-05-23
Target Twisto
Sector Information Technology
Buyer(s) Zip
Deal Type Add-on Acquisition
Advisor(s) Schönherr (Legal)

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

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 3 of 3
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 3 of 3
Country (Czech Republic) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-23 Spotii

Dubai, United Arab Emirates

Spotii is a BNPL provider operating in the GCC (Gulf Cooperation Council) and was founded in 2020 by Anuscha Iqbal and Ziyaad Ahmed. Spotii was launched with the mission to empower a new generation of consumers to enjoy more today by accessing credit and payment solutions that are simple and fair. Spotii primarily operates in the United Arab Emirates and Kingdom of Saudi Arabia, targeting a regional retail market of roughly $250 billion. The company is integrated to 650+ merchants and has over 40,000+ customers on the platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 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.

Sell -
Mergr

Product

Company

Legal