Tech Company M&A Transactions
Zooz Acquisition
Zooz, operating out of San Francisco, was acquired by PayU. What PayU paid for Zooz was not disclosed.
Transaction Overview
Company Name
Acquired By
Announced On
7/23/2018
Transaction Type
M&A
Amount
Unknown
M&A Terms
The two had already been working together -- specifically to provide PayU payment options to merchants in markets where PayU is active -- and the plan will be to integrate the services further to enable PayU to step deeper into the cross-border payment services space, potentially even by enabling the integration of the payment methods of competitors as part of the mix of payment options. Doing the math, this potentially puts this deal at a range of between $50 million and $100 million. Financial terms of the transaction were not disclosed by the parties.
Company Information
Company Status
Acquired or Merged
Industry
FinTech
Mailing Address
485 Pacific Avenue
San Francisco, CA 94133
USA
San Francisco, CA 94133
USA
Phone
Website
Email Address
Overview
Zooz was founded in 2010 by Oren Levy and Ronen Morecki, who envisioned a payments ecosystem with increased payment flexibility and reduced processing fees. Since our launch in 2012, we've been innovating payments with our smart routing algorithms, user experience optimization tools, and cutting edge security technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Oren Levy
Chief Technical Officer
Ronen Morecki
VP - Product Management
Yaniv Chechik
VP - R & D
Eyal Kotler
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