One of the fastest-growing and most innovative fintech companies, myPOS, has announced that the acquisition deal by the global investment fund Advent International has been finalized. Established in 2014 in Varna by Hristo Georgiev and Yavor Petrov, myPOS provides small and medium-sized businesses with convenient solutions for accepting card payments and remains the only company in Europe offering merchants who accept digital payments through its tools the ability to receive their funds instantly without additional fees. The development of the intelligent payment tool myPOS and its rollout across Europe have placed one of the company's founders, Hristo Georgiev, among the top 70 most influential fintech business founders in the world in 2020.
The company now operates in over 39 markets, with its headquarters currently based in London. Recently, myPOS opened new stores in Naples, Italy, and Lyon, France, and is preparing for a new wave of expansion in the European market. It has ambitious plans to accelerate its growth and become a leader in the micro, small, and medium-sized enterprise segment of the payments industry.
“We are pleased to support the real economy driven by small and medium-sized businesses by helping them thrive. The innovative fintech company myPOS is a business we have closely followed for over five years, and acquiring it is the first step in this direction,” commented Fabio Kali, Managing Director at Advent International. Advent manages assets worth $92 billion and is behind some of the largest acquisitions of payment processing companies in Europe, including Vantiv, Worldpay, HPLOR, Planet, and Nexi.
To propel its next stage of development, myPOS is adding two key positions to its leadership team. Abdenour Bezzouh has been appointed Chief Technology Officer of the group, and Lyubomir Atanasov has been appointed Vice President of Strategy. Both bring extensive experience and knowledge to the sector.
Source: manager.bg