ECM Partners buys 50% of fintech payabl. in deal topping €100M
What's the deal? ECM PartnersDealroom has a profile for this one. Try Dealroom → has agreed to acquire 50% of Cyprus-based fintech payabl.Dealroom has a profile for this one. Try Dealroom → for more than €100 million. Group chief executive officer Ugnė Buračienė keeps the other 50% and stays at the helm, making the two sides equal partners rather than a full buyout.
Why now? Talks began in November 2025 and ran for several months under confidentiality. The transaction is agreed but not yet closed, pending approvals from the relevant supervisory authorities.
What each side does: payabl. is a licensed fintech in electronic payments, operating in Limassol and across several European markets. ECM Partners is better known in Cyprus for its health and real estate investments, led by chairman Savvas Liasis and chief executive officer Ales Skoberne.
Why it matters: The deal diversifies ECM's Cypriot portfolio beyond health and property. ECM operates across Central and Southeastern Europe and says its invested capital has passed €1 billion; its fund arm recently secured an Alternative Investment Fund Manager licence from the Cyprus Securities and Exchange Commission.
What's payabl. building? Under Buračienė, the company reported triple-digit revenue growth, grew its headcount tenfold, and secured two electronic money licences. It has expanded beyond online acquiring into business accounts, physical payments, and its payabl.one platform.
payabl. is also a licensed member of the European Payments InitiativeDealroom has a profile for this one. Try Dealroom → and a direct acquirer participant in WeroDealroom has a profile for this one. Try Dealroom →, the European digital wallet being rolled out across several markets.
The signal: More than €100 million for half the company implies a valuation above €200 million, though full financial terms and any official valuation remain confidential. The deal signals institutional capital moving into licensed European payments firms as regulatory and technology demands in the sector rise.
Read more: Ink
Image credit: MTAPhotos
