OLX Group announced the acquisition of KIWI Finance, after the transaction had got the Competition Council’s green light. KIWI Finance is the largest credit broker in Romania and joins the OLX Group’s local portfolio, which already includes OLX, Storia.ro and Autovit.ro.
OLX Group becomes the only shareholder of KIWI Finance, while the management of the broker remains unchanged, with Anca Bidian still being CEO.
With the new shareholder, KIWI Finance aims at accelerating the digital transformation of the company, along with expanding countrywide and adding more financial partners.
“We are happy to announce that the transaction had been successfully concluded and we are sure we have the ideal partner next to us in this journey”, said Monika Rudnicka, General Manager Real Estate Europe, OLX Group.