Wirtualna Polska acquires TotalMoney.pl for PLN 14.5 mln

Grupa Wirtualna Polska (WP) has acquired 100 percent of the shares in TotalMoney.pl  for PLN 14.5 million, the company said in a statement. "Due to the combined structure, we will reach even greater and better profiled user groups. From the perspective of the financial market as a client, everything is based on a single point of contact . The bank gets access to three financial products in one place: direct.money.pl, finansowysupermarket.pl and TotalMoney.pl and two strong partner programs as well - money2money.pl and TMefekt.pl," explained Grzegorz Czapski, Vice President of Development at Grupa Wirtualna Polska. TotalMoney.pl's revenue amounted to PLN 5.49 million in 2015. The acquizition of TotalMoney.pl is the eighth such deal realized by Grupa Wirtualna Polska in the area of ​​e-commerce since May 2015.