Gessel has advised PayPo on the sale of its receivables portfolio to Aion Bank.
PayPo is a fintech company whose financial product is deferred payments.
According to Gessel, “as a result of the transaction, Aion Bank became a bank financing PayPo's lending activities, without taking over the credit risk. Its implementation provided PayPo with additional financing, which will enable the company's development, expanding the scale of availability of BNPL services, introducing innovations and faster growth, as well as financial stability and sustainable growth in the long term.”
The Gessel team included Partner Michal Bochowicz and Senior Associate Katarzyna Zarzycka.