Operating in the financial technology sector, Param was in the spotlight last year due to its investments and acquisitions. This time, the company aims to continue its growth through acquisitions by purchasing the majority stake in Nebim Software.
It should be noted that the financial details of the acquisition have not been disclosed. This merger is intended to integrate Param’s financial platform with Nebim Software’s retail network. It has been shared that the software developed by Nebim currently serves over 8,000 companies.
Based in Turkey, Param was founded in 2013 by Emin Can Yılmaz and M. Serhan Yılmaz. The company enables users to transition their finances to a digital environment through prepaid cards and financing solutions.
Users have the opportunity to withdraw, send, and make payments whenever they choose, while also earning cashback on their spending.
This new acquisition can be regarded as a significant step in Param’s strategy to accelerate digital transformation in the industry and increase its market share.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
