Payten, an international provider of payment solutions, has announced the acquisition of WEO, a Portuguese company specializing in invoicing solutions. This move marks Payten’s second acquisition in Portugal, further solidifying its operations in Southern Europe and globally. By integrating WEO’s invoicing software, weoInvoice, into its payment network Payten with WEO onboard will elevate their offering to EU merchants and customers. “Payten specializes in developing and offering secure and innovative payment solutions in 24 countries and we are glad that with this acquisition, we can further strengthen our offerings and improve Payten’s B2B payments via added value services to EU merchants and end customers”- commented Piotr Jeleński, Payten CEO”.
As one of the key regional players in the payment industry, Payten serves over 100,000 merchants worldwide, offering solutions such as Virtual POS, fast checkout, one-click payment, card tokenization, intelligent payment routing, and secure online payment collection. Being member of the ASEE Group, Payten provides comprehensive end-to-end solutions for financial institutions and merchants. Its offerings include eCommerce and mobile payment solutions, as well as processing and services related to ATMs and POS terminals. Operating in a PCI-DSS secure environment, Payten supports merchants in 24 countries with a variety of online payment options, ensuring a seamless and secure transaction experience.
WEO is a Portuguese company that has been offering various SaaS solutions since 2011, with it’s invoicing solution, weoInvoice. This web solution can be easily customized for each user and integrated with third parties via API, facilitating the automation of management and invoicing processes, as well as communication with Tax Authorities. With more than 45,000 active users, weoInvoice is one of the largest invoicing software platforms in Portugal and has experienced sustainable growth since it was launched. The size and global experience of the Payten Group will enable WEO to integrate with existing payment solutions, offering more comprehensive services worldwide and extending Payten's excellence in services to even more customers and countries.
"Since I founded WEO, our main goal has been to simplify and improve invoicing processes for businesses across Portugal. By joining forces with Payten, we are taking a big step towards achieving that goal on a global scale. I am confident that combining our expertise with Payten's structure and knowledge will help weoInvoice reach new heights, offering even more complete and integrated solutions for our clients. This partnership not only expands WEO’s reach but also strengthens our commitment to innovation and excellence in serving our users. The future we are building together is full of exciting possibilities." commented Marco Nascimento, Founder of WEO.