Enel X to acquire a 55% stake in PayTipper.

Enel X, a provider of smart charging solutions, agreed to acquire a 55% stake in PayTipper, a fintech company that offers consumers widespread and easy access to payment services. The acquisition is subject to the suspensive condition of Bank of Italy's authorization. Financial terms were not disclosed. “Enel X's entry into the corporate structure of our company opens up new growth scenarios for PayTipper that will enable us to expand the range of services we offer the public and businesses, in innovative and exclusive ways. The expertise and know-how in the field of payment services, which PayTipper has built up in recent years and which are recognised by the market, will contribute to making Enel X a leading player in this sector,” Angelo Grampa, PayTipper CEO.