PayU Overview
PayU S.A is a Netherlands-based payment service provider to online merchants. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. PayU's R&D cener in Israel is based on Tel Aviv-based payment platform startup Zooz Mobile.
Latest News
The Israeli fintech firm is growing fast—will its market debut be next?
Following the PayU acquisition, Rapyd’s workforce grows to 1,600 employees with revenues surpassing $1 billion.
growth-positive
PayU מרחיבה את מרכז הפיתוח שלה בישראל ב-ZOOZ הישראלית
The article discusses the acquisition of Israeli start-up Zooz by PayU in 2018. Zooz, founded in 2010, developed a solution that allows businesses to work with multiple payment service providers. The companys innovative approach led to a registered patent for smart transaction routing that increases the success rate of each transaction passing through the system. Following the acquisition, PayU appointed Zoozs co-founder, Ronen Morecki, as its global CTO and Zoozs Chief Product Officer, Nadav Naaman, as its global CPO. The article highlights how Zooz has managed to maintain its start-up culture and identity within the larger corporation.
AcquisitionManagement Changes
growth-positive
PayU to Acquire Israel-Based Payment Startup Zooz
Online payment company PayU S.A. has agreed to acquire Tel Aviv-based payment platform startup Zooz for around $80 million. The two companies have been working together for the past year and a half. PayU provides online payment services for both individual and institutional customers across 17 growth markets, and has over 2.3 billion customers. Zooz provides a payment platform that consolidates and analyzes all payment data. Following the acquisition, Zooz plans to expand its research and development center and hire 50 additional employees within a year.
AcquisitionExpand
Team Members
3
Employees: 11-50
Web & Social Links
| Website | corporate.payu.com/ |
Locations
HaArba'a St 28, Tel Aviv-Yafo, Israel
Amsterdam, Netherlands
Photos & Videos
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PayU Business
Business models
—
Product stage
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Employees
11-50
Sector
—Target Customer
—Core Technology
—PayU Financials
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Total funding
—
Capital raised
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Last funding
—
Funding stage
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Total rounds
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Investors
PayU Lifecycle
PayU News
4 articlesThe Israeli fintech firm is growing fast—will its market debut be next?
Following the PayU acquisition, Rapyd’s workforce grows to 1,600 employees with revenues surpassing $1 billion.
growth-positive
PayU מרחיבה את מרכז הפיתוח שלה בישראל ב-ZOOZ הישראלית
The article discusses the acquisition of Israeli start-up Zooz by PayU in 2018. Zooz, founded in 2010, developed a solution that allows businesses to work with multiple payment service providers. The companys innovative approach led to a registered patent for smart transaction routing that increases the success rate of each transaction passing through the system. Following the acquisition, PayU appointed Zoozs co-founder, Ronen Morecki, as its global CTO and Zoozs Chief Product Officer, Nadav Naaman, as its global CPO. The article highlights how Zooz has managed to maintain its start-up culture and identity within the larger corporation.
AcquisitionManagement Changes
growth-positive
PayU to Acquire Israel-Based Payment Startup Zooz
Online payment company PayU S.A. has agreed to acquire Tel Aviv-based payment platform startup Zooz for around $80 million. The two companies have been working together for the past year and a half. PayU provides online payment services for both individual and institutional customers across 17 growth markets, and has over 2.3 billion customers. Zooz provides a payment platform that consolidates and analyzes all payment data. Following the acquisition, Zooz plans to expand its research and development center and hire 50 additional employees within a year.
AcquisitionExpand
PayU Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 21 |
| Team members | 3 |
Similar Companies
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PayU Internal
Recent Updates
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-11-16 13:40:56.000000
Maor Perlov
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Maor Perlov
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Maor Perlov
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Maor Perlov
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Maor Perlov
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Maor Perlov
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Maor Perlov
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Maor Perlov
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Maor Perlov
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Maor Perlov
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Maor Perlov
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Maor Perlov
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Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-11-16 13:42:19.000000
Maor Perlov
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Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-11-16 13:35:40.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-11-16 13:31:20.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-11-16 13:29:14.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-11-16 13:17:46.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-11-16 13:41:37.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-11-16 13:24:28.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-11-16 13:29:14.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-11-16 13:40:56.000000
Eran Levin
· eranl@sncentral.org · Automatic · 2025-02-06 12:34:22.000000
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Admin Info
| Confidence | 51/100 |
| Missing | funding stage, product stage, sector, tags, business model, video or image, funding rounds, markets, not claimed |
| BI Verification | Maor Perlov |
| Creator | Maor Perlov |
| Creator email | maor.perlov@sncentral.org |
| Last update | 2023-11-16T00:00:00.000Z |
| Created | 2023-11-16T00:00:00.000Z |