Rymarz Zdort has advised Aion Bank on the acquisition of a part of Allegro Pay's consumer debt portfolio.
According to Rymarz Zdort, “the completed transaction will strengthen Aion Bank's position in the fastest-growing sector of the Polish e-commerce market while Allegro Pay, will gain additional financing capacity. The parties have stated that if the investment succeeds, the total balance of unpaid receivables purchased by Aion Bank may amount to up to PLN 2 billion within the agreed terms.”
Aion Bank is a banking-as-a-service oriented bank with its head office in Belgium operating in Poland via Aion Bank SA Spolka Akcyjna Oddzial w Polsce, with its seat in Warsaw.
Allegro Pay provides payment method Allegro.pl, a Polish e-commerce platform.
Rymarz Zdort’s team was led by Partner Leszek Tokarski and included Senior Associates Krzysztof Rembierz and Marek Sikorski.
Rymarz Zdort did not reply to our inquiry on the matter.