ECM Partners has acquired a 50 percent stake in Cypriot payments firm payabl. in a deal valued at over 100 million euros, marking one of Cyprus’s largest fintech transactions on record. Group CEO Ugne Buračienė retains the remaining stake and will continue leading the Limassol-based company, which has achieved triple-digit revenue growth and secured two EMI licenses under her leadership.
Payabl. provides payment processing, gateway solutions, forex services, and digital asset on-ramps primarily to the retail brokerage sector, counting XM and eToro among its major clients. The acquisition represents ECM Partners’ strategic push into fintech after reportedly deploying over one billion euros across Central and Southeastern Europe in manufacturing, hospitality, and real estate.
The deal aligns with broader market trends, as payments remains among the most active fintech subsectors for mergers and acquisitions across Europe, with over fifty deals completed between mid-2024 and mid-2025 according to White & Case data.
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** Retail brokers should monitor whether ECM’s institutional backing enables payabl. to expand services or adjust pricing structures across its brokerage client base.
Source: Finance Magnates