Mikro Odeme

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Mikro Odeme - overview

Location

Istanbul, -, Turkey

Primary Industry

Software

About

Mikro Odeme offers digital payment solutions that streamline financial transactions for businesses and consumers, focusing on efficiency and security in e-commerce and digital marketplaces. Mikro Odeme is a digital payment solutions provider based in Istanbul, Turkey. The company was acquired by Wirecard AG in September 2014. The founder details are not available, and there is no mention of subsidiaries or previous funding rounds.


Mikro Ödeme specializes in providing a comprehensive suite of digital payment solutions designed to facilitate seamless financial transactions for both consumers and businesses. Its core offerings include a secure online payment gateway that allows merchants to process payments efficiently across various platforms. These services are tailored to address the growing demand for streamlined transaction processes in e-commerce and digital marketplaces, and they enhance user experience by ensuring quick and reliable payment processing. The company primarily serves a diverse clientele, including small to medium-sized enterprises (SMEs) and larger retailers, with a focus on markets in Europe and Asia.


By enabling real-time payment processing, Mikro Ödeme aims to resolve common pain points in digital transactions, such as fraud prevention and the complexities of cross-border payments. Mikro Ödeme generates revenue through a transaction-based model, where clients incur fees for each payment processed via their platform. The structure typically involves B2B partnerships with merchants, where businesses register to use Mikro Ödeme's payment gateway service. In this arrangement, retailers may pay a fixed percentage of each transaction along with a nominal service fee, which allows for scalability as transaction volumes increase.


The company's revenue is closely linked to the transaction volumes facilitated by its platform, particularly through its flagship payment solutions. Specific pricing plans are tailored to client needs, ensuring that both high-volume retailers and smaller businesses can benefit from the service without prohibitive costs. Mikro Odeme plans to leverage its acquisition by Wirecard AG to enhance its product offerings and expand its market presence. The company aims to develop new payment solutions that cater to emerging market needs and is targeting expansion into additional European and Asian markets by 2016.


The recent acquisition is expected to provide the necessary resources to support these growth initiatives.


Primary Industry

Software

Sub Industries

Accounting/Finance Software

Website

www.mikro-odeme.com

Verticals

Mobile Apps

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Mikro Odeme - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedMikro Odeme-
BuyoutCompletedMikro Odeme-

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