DNA Payments (DNA), a London, UK-based fintech payments company, acquired Zash AB, a Swedish fintech company providing Point of Sale Software and Payments services.
The amount of the deal was not disclosed. The transaction was supported by Proskauer Rose LLP, which was lead by partner, Andrew Wingfield.
With the acquisition, DNA Payments will continue to expand its service offering to merchants and global footprint.
Founded by a serial entrepreneur Daniel Bessmert, former Commercial Director at Paypal and Head of Mobile in Visa, Zash provides Point of Sale Software and Payments services to over 1000 clients in the UK, across EU, Latin America and Brazil.
Zash’s solution will be fully integrated into DNA’s service proposition.
As part of the deal, Daniel Bessmert is joining DNA Payments as a Chief Commercial Officer.
DNA Payments offers full-scope payments services for SMEs. In October 2019, the company had acquired the CR7 Services group, an innovative payment solution provider operating in the UK. Consisting of Optomany, 123Send and the 123Hire brands, they specialize in omnichannel payment processing technology, delivering innovative, reliable and secure solutions to the retail sector across all channels. The group currently operates estate of 40,000 POS terminals in UK and Ireland to over 23,000 clients.