Mozaik Investments acquired 51.12% stake in Timesafe Srl from Banca Transilvania S.A. (BVB:TLV) on February 16, 2022. After the completion of the deal, the existing partnership between Banca Transilvania and Timesafe Srl for offering bill payments and the other payment types available in the app will remain unchanged. The Pago app will continue to function the same as until now. The transaction was assisted by BT Capital Partners and Sancons Capital & Investment. Filip & Company SCA, Rizoiu & Poenaru SCA and Boanta, Gîdei Si Asociatii SCA acted as legal advisors in the transaction.

Mozaik Investments completed the acquisition of 51.12% stake in Timesafe Srl from Banca Transilvania S.A. (BVB:TLV) on February 16, 2022.