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.

Service

M&A buy-side

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

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Reinholds Razums

Associate Partner

Riga, Latvia
Oaklins Baltics

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