Uniqa is set to exit the mobile payment and lending app operator in an acquisition by Zip, which has agreed to pay $68.8m for the remaining shares after it had co-led the latter’s January 2021 round.
Australia-headquartered digital payment technology provider Zip has agreed to buy the remaining shares of a portfolio company, Twisto Payments, a Czech Republic-based peer backed by insurer Uniqa, for about €89m ($68.8m).
Founded in 2013, Twisto has built a buy-now-pay-later app that helps users settle e-commerce bills on the 15th of the month after purchase. Buyers can also divide bigger amounts into instalments or postpone the payments for a later date.
The acquisition is set to complete in the fourth quarter…
