CEECAT Capital invested in Param
CEECAT Capital invested in Param, a leading financial technology group with full-stack payment solutions. The investment will accelerate the company's further growth and support its international expansion.
Established in 2005, Param is the leading financial technology group with full-stack payment solutions. PARAM facilitates payments for more than 90,000 merchants including leading e-commerce players and operates over 5mm cards across more than 100 card programs.
The Company also offers the leading B2B instant collection and open banking platform with over 400,000 dealers served, and an employee benefits and reward platform with a loyalty system.
The Group will leverage its know-how and existing merchant & consumer network by expanding into the buy now pay later space.
Originated by CEECAT Capital, the round was also subscribed by the European Bank for Reconstruction and Development (“EBRD”), Alpha Associates and Revo Capital.
CEECAT Fund II focuses on regional champions, supporting the Fund’s themes driven by core convergence, export competitiveness and import substitution in the fast-growing markets of Emerging Europe.
Anthony Stalker, CEECAT Capital, Partner:
“We are excited to be partnering with Param on their journey to be a regional leader. Param has an impressive and committed team working 24/7 for the success of their clients. CEECAT Capital has been investing in the region since 2005 with over 40 transactions. One of our themes in CEECAT Capital is to support regional champions. Param’s team and dedication to serving its clients leaves us in no doubt that it will achieve this. We plan to work with Emin and his senior team to accelerate the company’s growth in Turkey and build new partnerships across the region as Param exports its leading edge technology and dedication to achieving perfection.”
Ilker Yoney, EBRD, Co-Head Private Equity, Financial Institutions:
“We are delighted to support Emin and Param group in accelerating the deployment of innovative solutions in payments and Fintech. Digital transition is among the top priorities for EBRD and we are very proud to help companies like Param Group to reach their full potential and offer high quality services to clients. We believe that, with the power of technology, businesses can promote inclusion, integration and resilience. We are confident that EBRD funding, know-how and local presence will help Param Group achieve its strategic goals and further expansion both in Turkey and the wider region.”
Emin Can Yılmaz, Param Group Founder and CEO:
“Profitability and sustainable growth has always been our priority, whilst developing cutting edge solutions with our proprietary software. Param has grown by 3x last year. Our technology has enabled us to maintain long-term relations with Turkey’s unicorns and largest merchants as well as with thousands of SMEs.
Starting from humble beginnings in 2005 with a small team in Ankara, we have since grown to over 600 employees. Today, we are proud to be processing record number of transactions as a leading player in the industry and sharing the journey of democratising finance with our own investments in the ecosystem. Having bootstrapped all these years, it gives us great honour today to be welcoming such respectable partners into our company. We will now turn towards expanding globally whilst strengthening our foothold in Turkey”.”