Papara is Preparing to Acquire SadaPay

One of Turkey’s well-established payment institutions papara, had previously come to the fore with its acquisition of e-sports team SuperMassive. This was an unexpected move for the company, which bought the team it had sponsored for years. Apart from this, Spain-based fintech company Rebellion We also saw you buy it.

Now, the company seems to have turned its sights to Pakistan. It is one of the country’s successful start-up companies and offers a payment service like Papara. SadaPaywill be acquired by Papara within the framework of an agreement whose details have not yet been disclosed. head of Endeavor Adrian Garcia-Aranyos This development, which is cited as the source, will both accelerate the start-up development in Pakistan and emphasize Papara’s global presence.

An amount of 30 to 50 million dollars is in question.

Immediately after the agreement, to accelerate technological progress and market expansion a $10 million more It is stated that it will be forwarded to the company. Apart from this, the acquisition in question will not push SadaPay behind the scenes, even though it covers 100 percent of the company. On the contrary, the company’s operational autonomy will continue. But all operations Papara’s will continue under its broad auspices.

Continuing its path with strong investments Papara’s It is not yet clear when this agreement with SadaPay will be completed. However, it is definitely a big step in terms of both SadaPay offering broader financial solutions and Papara being able to show itself in different regions.

It is also stated that Papara has plans to go public in 2025. What are your thoughts on this subject?