Go to deals
Financial Services | TMT

Private investors have acquired ORO PAY, a Cyprus-registered EMI

March 2022 — A group of private investors have acquired ORO PAY, a fast-growing electronic money institution (EMI) licensed by the Central Bank of Cyprus.

ORO PAY offers secure and convenient payment solutions licensed by the Central Bank of Cyprus. Catering to the needs of both individuals and corporate clients, ORO PAY provides a seamless and cost-effective alternative for merchants and users. Its intuitive payment account solution is designed to enhance the convenience of financial transactions for businesses and individuals.

Our role in the transaction

Oaklins’ teams in Latvia and Cyprus advised the buyer, identified the target and executed the transaction. The team in Cyprus also performed the regulatory due diligence and supported the buyer in the application and communication with the Central Bank of Cyprus.

Parties
“We are excited to welcome the new owners of ORO PAY, who are poised to provide us with the tools needed to achieve our ambitious pan-European growth plans. The acquisition process was remarkably efficient and smooth, with minimal disruption to our day-to-day operations, thanks to the Oaklins team’s experience and professionalism in the due diligence and negotiation of the deal.”

Panayiotis Konstantinou

CEO, ORO PAY

Talk to the deal team

Valērija Lieģe

Partner
Riga, Latvia
Oaklins Baltics

Reinholds Razums

Associate Partner
Riga, Latvia
Oaklins Baltics

Related deals

DIGMATIX has entered the Czech market through the acquisition of LLP CRM
Private Equity | Business Support Services | TMT

DIGMATIX has entered the Czech market through the acquisition of LLP CRM

DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.

Learn more
Landmark US$85 million employee secondary share transaction for Wayve
TMT

Landmark US$85 million employee secondary share transaction for Wayve

Crowdcube, Europe’s largest equity crowdfunding and private market investment platform, has completed a US$85 million employee share sale for Wayve, the first employee liquidity transaction on the LSE’s Private Securities Market and the largest to date under the FCA’s PISCES framework. The deal is a milestone for UK capital markets, demonstrating how new market structures can unlock liquidity for employees and early shareholders in high-growth private companies.

Learn more
DIGMATIX has entered Romania through the acquisition of Elian Solutions
Private Equity | Business Support Services | TMT

DIGMATIX has entered Romania through the acquisition of Elian Solutions

DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.

Learn more