Sale of a leading Qatari Fintech Group
CIGP successfully advised the shareholders of Qpay, the largest Qatari fintech group and challenger bank, in a strategic transaction with Qatar Islamic Bank.
Transaction Highlights
CIGP advised Nexxo on a majority strategic sale of its subsidiary Qpay, leading Fintech group and challenger bank in Qatar, to the country’s second largest banking institution. CIGP guided the founder and shareholder of Nexxo through all stages of the transaction, from counterpart origination to closing.
Qpay is a solutions provider for finances of small and medium enterprises, offering payment cards for employee’s payroll in addition to POS solutions and gateways for brick and mortar and e-commerce businesses. At the time of the transaction, it was the largest fintech group and POS solutions provider in Qatar.
Role of CIGP
Holistic execution support: CIGP delivered a bespoke process, allowing the founder to focus on core business operation with CIGP’s assistance on financial documentation, due diligence workstream and all stages of negotiations.
Payment industry expertise: CIGP leveraged on senior management’s decades of experience in advising transactions in the payments industry in developed and developing markets by delivering a frictionless process and matching the client with best-in-class service providers for assistance through the process.
