MCI has finalized Azimo deal with Papaya Global

29.07.2022 Download PDF

At the end of July, Papaya Global and Azimo finalized the investment agreement. MCI Capital partially exited the investment, while also becoming a shareholder in a global provider of HR tech solutions – Papaya Global.

– We have already achieved a satisfactory return on the cash portion received from Papaya Global. The rest – 50 percent of the transaction value – is paid in shares of a very rapidly growing Israeli startup, Papaya Global, which has grown over 300% annually over the last 3 years. We count on further dynamic growth of our new investment – says Michal Gorecki, investment partner at MCI Capital

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29.07.2022 Download PDF