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Havel & Partners Advises Turk Electronik Para on Acquisition of Twisto Payments from Zip

Havel & Partners Advises Turk Electronik Para on Acquisition of Twisto Payments from Zip

Czech Republic
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Havel & Partners has advised Turk Electronik Para on its acquisition of Twisto Payments from Australia's Zip. Schoenherr reportedly advised Zip.

Turk Electronik Para is a Turkish electronic money company.

Twisto Payments is a Czech Republic-based start-up.

Zip is a “buy now pay later” financial technology company with operations in Australia, New Zealand, and the US.

According to Havel & Partners, “financial services provider Twisto has introduced the first Buy Now, Pay Later payment system in the Czech Republic. Besides deferred payments, it also allows customers to make purchases in installments in its partner online stores. The innovative fintech start-up was acquired by Australian firm Zip in 2021, which has now sold it as part of a series of divestments of its European entities.”

The Havel & Partners team included Partner Jan Koval, Managing Associate Martin Stancik, Senior Associate Josef Bouchal, Associate Martin Rott, and Junior Associates Jan Mozol and Jan Skalny.

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