UK fintech DNA Payments announced on Friday it has officially acquired Zash AB, a Swedish fintech company providing Point of Sale Software and Payments services to over 1000 clients in the UK, across EU, Latin America and Brazil. According to DNA, Zash was founded by a serial entrepreneur Daniel Bessmert, former Commercial Director at Paypal and Head of Mobile in Visa. The company provides a B2B2C solution, which allows merchants and consumers to better interact and transact.
Speaking about the acquisition, Daniel Bessmert, Zash’s Founder and CEO, commented:
“It is very rare, that you can find a better business fit, than between DNA Payments and Zash. Our company cultures, business segment and value propositions are extremely aligned and it is such a rare 1+1=3 scenario that is very hard to find in the Fintech space.”
DNA also reported:
“Together with the acquisition of CR7 Services at the end of 2019 and the acquisition of Zash AB, DNA’s vision has become a reality: to make payment services fair and simple and help promising businesses thrive. Zash’s solution will be fully integrated into DNA’s service proposition, significantly adding value to our shared clients and will allow our customers to focus on growing their businesses.”
DNA added that as part of the acquisition, Bessmert will join its team as Chief Commercial Officer.