M&A Deal Summary

Mozido Acquires PayEase

On February 10, 2015, Mozido acquired financial services company PayEase from 3V SourceOne Capital

Acquisition Highlights
  • This is Mozido’s 1st transaction in the Financial Services sector.
  • This is Mozido’s 1st transaction in China.

M&A Deal Summary

Date 2015-02-10
Target PayEase
Sector Financial Services
Buyer(s) Mozido
Sellers(s) 3V SourceOne Capital
Deal Type Add-on Acquisition

Target

PayEase

Beijing, China
PayEase is one of 22 Chinese-licensed payment processing companies and provides payment services including nationwide in-app mobile payment solutions, nationwide online payment solutions, Internet banking, call centers and mobile point of sale (POS) terminals. PayEase is based in Beijing, China.

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Buyer(S) 1

Buyer

Mozido

Austin, Texas, United States

Category Company
Founded 2007
Sector Internet Software and Services
DESCRIPTION

Mozido provides cloud-based mobile payments include bill pay, airtime top-up, national and international remittance, person-to-person payments. Mozido was founded in 2007 and is based in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

DESCRIPTION

3V SourceOne Capital is a private equity firm focused on growth to late-stage investments in companies with an Asian link or growth strategy. This includes businesses in Southeast Asia, Greater China, and the US. 3V SourceOne does not have any sector preferences. 3V SourceOne Capital was formed in 2000 and is based in Singapore with an additional office in Saratoga, California.


DEAL STATS #
Overall 12 of 15
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 8
Country: China M&A 2 of 2
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 IDY Academy

Singapore, Singapore

IDY Academy is an EduTrust Certified private education institution in Singapore with mission to nurture every student and maximize their potential. IDY Academy is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 iTwin Pte.

Singapore, Singapore

iTwin Pte. Ltd. is a provider of file sharing and remote access devices. iTwin Pte. Ltd. was established in 2009 and is headquartered in Singapore.

Sell -