Paytech Firm PayRetailers Buys Argentine Digital Solutions Development Company Asamblo

​

PayRetailers, the leading payment specialist in Latin America, has announced the acquisition of Asamblo, a leading company in the development of digital solutions for the financial sector.

With the signing of the agreement, all of Asamblo's talent will become part of PayRetailers' internal workforce, expanding its IT project management capabilities and adding to its expertise across the region.

Asamblo – founded in 2015 with its headquarters in Argentina – provides digital consulting and custom software development among its primary functions. The company currently has 25 employees who will continue to apply their valuable digital skills across all sectors. 

"The acquisition of Asamblo is a big step as it reinforces our strategic commitment within the region and accompanies us in our mission to increase leadership in the development of mobile applications and digital solutions, in addition to consolidating fundamental verticals in basic sectors for the group." – Juan Pablo Jutgla, CEO and founder of PayRetailers.

As part of its strategic growth roadmap, PayRetailers is taking the opportunity to acquire companies that contribute to its goal of leading the payment processing market throughout LATAM. With a presence in 15 countries, PayRetailers is expanding its capabilities by recruiting software architecture and engineering professionals to create web and mobile applications, as well as experts in Big Data environments.

Asamblo is PayRetailers' latest acquisition since the group's inorganic growth plan was launched and it follows the recent acquisitions of Paygol and Pago Digital, companies specialising in local payment processing in Chile and Colombia.