TPAY Mobile FZ-LLC has been acquired by Helios Investment Partners
A15 Holding Netherlands B.V. has sold a 76% stake in TPAY Mobile FZ-LLC to London-based African private equity fund Helios Investment Partners. Financial details have not been disclosed.
Established in 2014, TPAY is an international fintech payments business that primarily operates in the Middle East and North Africa (MENA) region, where only 14% of the population has a bank account but over 60%, and growing, have mobile phones. As a result, the region is characterized by low debit and credit card use and correspondingly low online payment conversion rates. TPAY has grown rapidly and is the dominant direct carrier billing (DCB) player in MENA. The business currently operates in 16 countries and is partnered with 33 mobile phone carriers, providing almost 100% user coverage and 80% market share across the region.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Talk to the deal team
Related deals
Danish leader in access control systems has been sold to Vækst-Invest
Unitek, a leading provider of innovative access control systems in Denmark, has been acquired by the Danish private equity firm Vækst-Invest to drive its growth and expansion.
Learn morePropper Daley has been acquired by Bully Pulpit International
Greg Propper’s social impact agency, Propper Daley, has been acquired by strategic communications and public affairs firm Bully Pulpit International (BPI), a portfolio company of Broad Sky Partners. Propper Daley will immediately transition to the BPI brand, with its team of 25 integrating into BPI’s US organizational structure. The agency’s entertainment philanthropy practice will continue to operate independently.
Learn moreCSI DMC has merged with 360 Destination Group
In a landmark move for the destination management industry, CSI DMC, a premier destination event management company, and 360 Destination Group (360DG), a leading national full-service destination management company (DMC), are merging to create one of the largest DMCs in the USA. The merger was facilitated through a strategic investment by H.I.G. Capital.
Learn more