PayU acquires iyzico for $165mn

PayU, one of the largest Fintech companies operating in Emerging Markets, acquired iyzico – a digital payment services provider and one of the most hotly tipped fintech start-ups in Turkey – for $165 million. Founded in 2013, iyzico provides secure payments to over 300 marketplaces (with over 400,000 personal sellers of different sizes) as well as 30,000 online merchants which are using its checkout solution. Amazon, Nike, H&M and Zara are among the brands which have chosen iyzico as a trusted partner in Turkey.

Aventio provided strategic advisory services to PayU including guidance on transaction structuring, assist with commercial due diligence, business plan building, consolidation and market sensitivity analysis. Aventio also provided advice on integration and the post-acquisition value creation -all key areas critical for the success of the transaction.

ClientPayU/NaspersDateJune 2019