Param acquires Czech fintech firm Twisto

Param announced that it has acquired the Czech fintech company Twisto in line with its growth strategy abroad. Param has acquired the Czech “Buy now, pay later” platform Twisto in line with its growth strategy abroad. With the acquisition of Twisto, which has a European Payments Agency license that enables payment services in all EU member states, Param will reach 27 European Union (EU) countries and aims to operate in Europe, the world’s second largest e-commerce market with an annual volume of $1.1 trillion. Twisto, which has existed since 2013, is the first fintech company to launch the “Buy now, pay later” digital credit model in the Czech Republic and has been serving the Polish market since 2018. On the other hand, Twisto, which offers smart solutions for payments and shopping, has features such as payment with virtual cards and wallets, receiving payments with smartphones for companies, installment payments, and bill payment.