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Zip Co invests in Twisto Payments
Global law firm, DLA Piper, has advised Zip Co Limited on its investment in Twisto Payments.
Emma Musgrave
Firm: DLA Piper (Zip Co Limited)
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Deal: Zip Co Limited has invested in Twisto Payments.
Value: Undisclosed.
Area: Corporate
Key players: The team advising Zip Co Limited was led by DLA Piper corporate partners Adrian Tan (Sydney) and Miroslav Dubovsky (Prague), and included solicitors Cassian Ho and Marcel Janicek.
Deal significance: Zip Co Limited is an ASX-listed company within the digital retail finance and payments industry. Meanwhile Twisto Payments is a payments platform based in the Czech Republic and Poland.
According to a statement from DLA Piper, the investment will help support Twisto’s growth plans and product expansion in its core markets as well as actively explore emerging market opportunities.
Commenting further, lead partner Mr Dubovsky said: “We are thrilled to have advised Zip on its investment in Twisto, which will provide it with exciting opportunities for collaboration and avenues to combine forces with Twisto in the region”.
“The fintech market was very active during 2020 and we are glad to have completed another deal in this sector.”
Co-lead partner Mr Tan added: “We are excited to utilise DLA Piper’s global platform to partner with Zip as it continues to evaluate new markets globally.”
