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.
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