Counsel to Market Pay in the context of the acquisition of NovelPay

 

Moncey Avocats supports Market Pay, a provider of in-store and online payment solutions, in its acquisition of NovelPay, a Polish fintech.

Based in Poland, NovelPay is a software publisher and distributor of payment terminals. The company also has a branch in France.

Self-financed and profitable since its creation, NovelPay specializes in the development of Android-based applications for Pax tools, particularly for retailers. NovelPay employs 70 people, and also offers a full range of services related to the installation of payment terminals.

By 2022, NovelPay's sales should reach M€35.

Market Pay, on the other hand, employs 300 people and posted revenues of M€57 in 2022, with an Ebitda of M€28 in its previous financial year.

Market Pay was advised by a Moncey Avocats team comprising:

• Guillaume Giuliani, partner, Alexandre Bankowski, Alix Auclair and Fei Jing, associates in corporate
• Frédéric Bosc, partner, and Manon Vanbiervliet, associate in tax