We advised PayPo in it’s transaction with Aion Bank S.A

We advised PayPo, a fintech specializing in BNPL (buy now, pay later) services, on the sale of PayPo’s debt portfolio to Aion Bank SA/NV.

As a result of the transaction, Aion Bank became the financing bank for PayPo’s lending activities, without assuming credit risk. Its execution provided PayPo with additional financing, which will allow the company to grow, expand the scale of BNPL’s service availability, innovate and grow faster, as well as financial stability and sustainable growth in the long term.

GESSEL provided legal and tax support to PayPo throughout the process of negotiations, preparation of documents, and finalization and settlement of the agreement.

Partner Michal Bochowicz and senior associate Katarzyna Zarzycka of the M&A department and partner Dominika Ramirez-Wołkiewicz and tax advisor Pawel Kosmal of the tax department were responsible for the transaction.