Investments Hero New II
CHAMPIONING FINTECH

Innovation is at the heart of our business

We are always seeking opportunities to further innovation and increase global access to financial services

Our approach to investments

PayU’s total sum of investments and acquisitions in global fintech to more than $700 million since it began a series of strategic moves across the globe in 2016 to open access to financial services and are always looking for opportunities to further innovation. We build new business lines and innovative consumer products. Our investments are driven by our focus on developing new capabilities that better serve our customers, giving them access to products that best suit their local needs. PayU is supported by our parent company, Naspers, one of the largest technology investors in the world. 

Our investment philosophy

What does PayU look for when investing in a company?

 

  • We always ask ourselves three questions before investing:
    • Does this reinforce our core business in merchant payments technology and market share?
    • Does this give us the opportunity to accelerate growth in our Credit business?
    • Does this enable us to expand into adjacent segments in the fintech space and what new advantage does this give us?
  • We are open to any investment opportunity across emerging markets that meets these core criteria and helps us expand our ecosystem across these markets.
What is PayU’s investment history?
  • We partner with the best-in-field fintechs to give customers access to the best products and services, and develop further innovation.
  • To date, we have invested in a number of companies across our markets, including iyzico, ZOOZ, PaySense, Remitly, Kreditech, Zest Money, Creditas and Citrus Pay. 
What sets PayU apart from other fintech investors?
  • Underneath the global integration, PayU’s strength is the multi-local approach and deep local connectivity. 
  • As majority stakeholders we always act as a strategic investor, playing an active role in the development of the business.
  • PayU’s position within Naspers also gives us direct access to the investment expertise of one of the largest technology investors in the world. This knowledge, in addition to our hyperlocal expertise, gives PayU a truly unique approach. 

Our recent investments

Libra

Libra

PayU has become a founding member of the Libra Association, an independent not-for-profit organization, headquartered in Geneva and made up of trusted, geographically diverse companies, NGOs/multilaterals, and academic institutions. The vision for the association is to create a simple global currency and financial infrastructure that will empower billions of people. With a particular focus on high growth markets, the Libra Association aligns perfectly with PayU’s vision of creating a world without financial borders where everyone can prosper.  

iyzico

iyzico

PayU today announces the acquisition of iyzico – a digital payment services provider and one of the most hotly tipped fintech start-ups in Turkey – for $165 million. The acquisition, which adds to the over $500 million PayU deployed across fintech investments and M&A, is a further step in the company’s mission to become the leading payments provider in high growth markets and the world’s leading fintech investor.  The acquisition will allow PayU to consolidate its position as a leader in the payments space and accelerate scale and efficiency in Turkey, where there is a huge growth opportunity for ecommerce and online payments.

Read the full story here.
 

Wibmo

Wibmo

Wibmo, an innovative digital payment company partners and deeply integrates with banks in over twenty countries to offer payment authentication and risk-based decisioning across billions of online and mobile payment transactions. The acquisition of Wibmo will enable PayU to build a robust digital payment ecosystem capable of harmonizing transaction processing on both issuing and acquiring side, to deliver a seamless payment experience and industry-leading success rates in online and mobile payments. Additionally, PayU and Wibmo together will be able to work with merchants and financial institutions to offer targeted payment solutions leveraging data from hundreds of millions of Indian consumers annually. 

Read the full story here.

Bakkt

Bakkt

Payment fintech PayU has become the latest investor in Bakkt, the new cryptocurrency venture led by Intercontinental Exchange (ICE), the operator of the New York Stock Exchange. Bakkt has been set up to serve institutional demand for trading in Bitcoin and draws on ICE’s expertise and network of global exchanges and clearinghouses. Other investors seeding Bakkt include Boston Consulting Group, Microsoft’s M12 venture capital arm and Pantera Capital. The move is the latest investment from PayU in a venture that is intended to complement its core payments and credit business product portfolio. It has also funded remittance company Remitly and cryptocurrency platform Luno.

Read the full story here.

Zooz

ZOOZ

July 2018, PayU announced the acquisition of leading payments technology platform ZOOZ for an undisclosed sum of money. The ZOOZ and PayU teams will work together to create the leading, global standard payments infrastructure of the future. As part of this vision they will build a comprehensive, modular, and highly flexible ‘Payment OS platform’ that can support evolving merchant and broader payment industry needs.

Read the full story here.

PaySense

PaySense

PayU announced an investment of USD 11.5mn in PaySense as part of a Series B round of $18 million in July of 2018. This second round of investments will help realize PayU’s vision of seamless credit access to all and demonstrates PayU’s strong commitment towards strengthening its credit play in untapped high-growth markets, like India, Poland, and LATAM and in turn, creating a strong powerhouse of Fintech services.

Read the full story here

Remitly

Remitly

Remitly, the largest independent digital remittance company in North America, raised $115 of Series D financing that was led by PayU. Existing Remitly investors Stripes Group, DFJ, and DN Capital also participated in the round. PayU is committed to growing its financial services proposition, by supporting the development of new capabilities and innovative consumer products that will better serve our clients. We believe that our investment in Remitly will support us in this commitment. PayU will be able to leverage its global network and local expertise, especially in markets like India, to help Remitly expand financial services through this substantial investment.

Read the full story here.

Kreditech

Kreditech

PayU invested €110 million in Kreditech to develop its credit business in emerging markets (and support Kreditech’s expansion to new territories). This investment comes after a successful partnership and pilot in Poland.

Read the full story here

ZestMoney

ZestMoney

PayU, the global FinTech solutions provider announced an investment of USD 3.7 million in the Series A, out of a total $6.5mn funding round, shares of ZestMoney, at a fully diluted pre-money equity valuation of $12.0mn, corresponding to a 20.0% stake in ZestMoney.

Read the full story here

Creditas

Creditas

Online credit platform Creditas, announces the closing of a Series B investment round of R$60 million to accelerate the expansion of the asset backed credit in the country. The business plan includes the development of new channels for mass distribution and the reduction of the minimum interest rates of auto equity loans from 2.15% to 1.99% per month.

Read the full story here.

Citrus Pay

Citrus Pay

PayU & Citrus Pay agree to a $130M landmark deal in Indian fintech. PayU, the global online payment service provider, announced that Citrus Pay, a leading Indian payments technology player, will become part of its Indian operation. PayU’s $130M transaction is the largest ever M&A cash deal in Indian fintech, demonstrating its payments and financial services expansion strategy.

Read the full story here.