Turkish fintech unicorn Papara is reportedly set to acquire SadaPay, a Pakistani digital wallet provider, in a transaction valued at between $30 million and $50 million, according to a report by Pakistani business publication Profit.
Papara became Turkey's first fintech company to achieve unicorn status in 2023, following a transaction with Spain's Beka Finance that placed its valuation above $1 billion. The company has since accumulated more than 17 million users on its digital payments and financial services platform.
ABOUT SADAPAY
SadaPay operates as a digital wallet and neobank-style service in Pakistan.
DEAL STATUS
Papara has not made any official statement confirming the transaction, and terms remain subject to finalisation.
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