ME Investicija has sold Viena Sąskaita to Aktiva Finants
ME Investicija has sold Viena Sąskaita to Aktiva Finants.
Viena Sąskaita (One Bill) is a fast-growing platform that allows consumers to consolidate conveniently and automatically various monthly/recurring bills (utilities, telecommunications, kindergartens, insurance, etc.) into one to make a ‘one-click’ payment. It also allows consumers to monitor and analyze expenses. Viena Sąskaita operates in Lithuania, has more than 400,000 registered customers and approximately 20% of recurring payment collection (B2C) market share. The company is planning its expansion into other European markets with consumer bill payment consolidation services, and with the introduction and sale of third-party financial products on its platform, such as insurance, deposits, consumer financing, pension and investment funds.
Aktiva Finants operates in the Estonian, Latvian and Lithuanian markets as a provider of credit management services in the financial, telecommunications and utility sectors.
ME Investicija is the investment arm of Girteka Logistics, one of the largest companies in Lithuania.
Oaklins’ team in Lithuania acted as sell-side advisor in this transaction.
Talk to the deal team
Senior AnalystVilnius, Lithuania
Sale of Sentenial Group and its open banking brand Nuapay
The shareholders of Sentenial Group have sold the business and its open banking brand Nuapay, a leading end-to-end payments platform specialized in account-2-account transactions, to EML Payments.Learn more
Ferocia has been acquired by Bendigo and Adelaide Bank (ASX:BEN)
Bendigo and Adelaide Bank (BEN) has entered into a share sale agreement to acquire 100% of the shares of Ferocia Pty Ltd for a consideration of up to US$86.3 million. BEN has partnered with Ferocia for more than nine years to deliver BEN’s e-banking app and internet banking platform and in 2018, the collaboration led to the launch of Up – Australia’s highest rating banking app.Learn more
Earlypay (ASX:EPY) has raised funds
Earlypay (ASX:EPY) has raised US$14.5 million to fund a new trade finance product, while the company puts in place a new warehouse facility.Learn more