Limassol-based payments company payabl., has reportedly agreed to sell a 50% stake to private equity firm ECM Partners in a transaction exceeding €100 million. The deal represents one of the largest fintech deals recorded in Cyprus by value.

Ugne Buračienė, payabl.’s Group CEO, will retain the remaining 50% stake and continue leading the company.

Under Buračienė’s tenure, the firm has scaled significantly, delivering triple-digit revenue growth, increasing its headcount tenfold and securing two EMI licenses.

The firm provides payment processing and gateway solutions, including foreign exchange and digital asset on- and off-ramps, among other solutions.

It has established a strong foothold in the retail brokerage sector, serving major players such as XM and eToro.

A Maturing Fintech Hub

For ECM Partners, the deal marks a strategic expansion into fintech. The private equity firm, which has reportedly invested over 1 billion across Central and Southeastern Europe, holds a diverse portfolio covering manufacturing, hospitality and real estate. Its fund arm recently obtained an Alternative Investment Fund Manager (AIFM) licence from CySEC.

In Cyprus, ECM is best known for consolidating the local healthcare sector to form Ygia Group, the island’s largest private healthcare provider.

The acquisition reflects a wider private equity push into payments.

According to data from international law firm White & Case, payments remains one of the most active fintech sub-sectors for mergers and acquisitions across the UK and Europe, with more than 50 deals completed between mid-2024 and mid-2025.

For Cyprus, the transaction signals an important evolution for the island’s tech and financial industry. It marks a clear shift from small, founder-run firms towards mature, institutional-backed businesses scaling across Europe.

This article was written by Adonis Adoni at www.financemagnates.com.

—

— CONTENT NOT MODERATED BY G6

— Please be careful with this content. If you don’t think it should be here, please get in touch with us at [email protected]