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New Deal


Announced

PayTabs completed the acquisition of Paymes.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Payments / Commerce

Turkey

Cross Border

Friendly

Completed

Single Bidder

Majority

Private

Acquisition

social commerce platform

Synopsis

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PayTabs, a payments solutions powerhouse, completed the acquisition of Paymes, a financial technology start up and a global payment platform. Financial terms were not disclosed. "Under the acquisition agreement, the Paymes team will expand our responsibilities to cover the many markets that PayTabs operates in throughout MENA. We will also be supporting PayTabs with our range of new social commerce products, a sector in which we have considerable experience. Exciting times ahead for webpreneurs in the region," Hasan Jabbrov, Paymes Co-founder and PayTabs Regional Head/Operating Partner.

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