Add-on Acquisition • Information Technology

Zip Acquires Spotii

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

Acquisition Context
  • This is Zip’s 2nd transaction in the Information Technology sector.
  • This is Zip’s 1st transaction in United Arab Emirates.

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M&A Deal Summary

Date May 23, 2021
Target Spotii
Sector Information Technology
Buyer(s) Zip
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 1

Buyer

Zip

Sydney, Australia

Category Company
Founded 2009
Sector Financial Services
Revenue 1.1B AUD (2025)
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 2009 and is based in Sydney, Australia.


Deal Context for Buyer #
Overall 3 of 3
Sector: Information Technology 2 of 2
Type: Add-on Acquisition 3 of 3
Country: United Arab Emirates 1 of 1
Year: 2021 2 of 2
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.

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 -