Banca Transilvania has acquired a 20% stake in Timesafe's application Pago
Banca Transilvania has acquired a 20% stake in Timesafe Srl for an undisclosed consideration.
Founded in 1993, Banca Transilvania is a banking institution with headquarters in Cluj-Napoca, Romania. Currently it is the second bank in the country in terms of assets.
Timesafe develops an application used for managing and paying utility bills, prepaid card downloading and pay-per-plane payments. The company was founded in 2016 and is based in Bucharest, Romania.
Oaklins' team in Romania advised the buyer in this transaction.


Talk to the deal team
Related deals
iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Learn moreBezeq Online has been acquired by One Software Technologies
Bezeq Online has been acquired by ONE Software Technologies Ltd., enabling ONE Technologies to offer innovative solutions through full integration of advanced technology, real-time data analysis and proven service capabilities nationwide. ONE Technologies’ goal is to develop the next generation of service solutions, including AI-based tools, automation, multi-channel digital services and advanced CRM systems, all designed to deliver a continuous, accurate and effective customer experience.
Learn moreBanco BPM Vita S.p.A. has launched a voluntary public tender offer for Anima Holding S.p.A.
Banco BPM Vita S.p.A. has initiated a voluntary public tender offer for the shares of Anima Holding S.p.A.
Learn more