#Brazil

Omie Buys Digital Bank Linker

Published

2 anos ago

novembro 18, 2021

Reading Time: 2 minutes

The acquisition allows the SaaS management platform to expand its banking, credit, and payment services across markets from small to medium enterprises

Capitalized after receiving an investment of more than $100 million from Softabank International Group and Riverwood Capital, and with the recent minority holding investment from Chinese giant Tencent, ERP cloud management platform Omie buys digital bank Linker in forth acquisition. Omie has completed the acquisition of digital bank Linker for approximately $21 million.

Linker’s is the third acquisition made by Omie in 2021, following the Series C led by SoftBank. In September, the platform bought Devi Tecnologia, a sales software solutions company; and in October, it acquired G-Click, a web tool for accounting offices to optimize the management of tasks. Last year, Omie also acquired Mintegra, a solution that connects marketplaces and e-commerces to management systems.

As Omie buys digital bank Linker, the company is apparently on acquisition spree, and the market is looking closely as to what other companies are on Omie’s radar.

Erp Omie Closes $100 Million Round

Marcelo lombardo, omie’s ceo, on its $100M round from softbank and riverwood

With the acquisition Omie will expand its target market and enhance its customer loyalty strategy will increase the digital bank’s current account and financial services customer base with the synergy to potential ERP customers.

Marcelo Lombardo, Omie’s co-founder and CEO, told the press:

“[we] have always believed that financial services and management software are on a convergence path, and that ERP is the new Internet Banking. We found in digital bank Linker a product perfectly designed for this purpose, and a first-rate team”.

Linker saw its operation skyrocket during the pandemic. According to the company, between July 2020 and June 2021, the volume traded on the Fintech platform increased 15 fold. Credit card transactions have increased fourfold this year.

The Esquires and the Firms Behind the Deal

Bronstein, Zilberberg, Chueiri & Potenza Advogados acted as legal counsel to Linker with partner Pedro Chueri (picture) leading the firm’s deal team. The firm is a full service law firm based in São Paulo and is highly recognized as one of the top M&A Venture Capital law firms in the country.

FM/Derraik acted Brazilian as legal counsel to Omie. The firm is a full service law firm based in São Paulo.

Foley & Lardner LLP acted as U.S. legal counsel to Omie in its acquisition of digital bank Linker.

Silicon Valley partner and Latin America specialist, André Thiollier (picture) of Global law firm Foley & Lardner LLP acted as U.S. legal counsel to Omie on matters related to U.S. law.

The firm is a US-based full service global law firm with over 25 offices worldwide.

Blake, Cassels & Graydon LLP oversaw the deal from a Canadian legal perspective. The firm is a full service law firm with headquarters in Toronto, Canada, and offices in Calgary, Vancouver, Montréal, Ottawa, New York and London.