EMC Corporate Finance is delighted to announce the acquisition of Amilon by Tillo, the global rewards, incentives and gift card platform. The EMC team, led by Ryan Smith, Partner, acted as Buy-Side Advisor to Tillo.

This is Tillo’s second acquisition and marks a significant step in the company’s international growth strategy. The transaction brings together two established, founder-led businesses to create an undisputed transatlantic leader in the category, with expanded scale, supplier reach and market access for customers and partners across Europe, North America and APAC. Collectively, Tillo and Amilon expect to process over £3 billion worth of gift cards in 2026 and grow 30% year-over-year.

Founded in 2007 and headquartered in Italy, Amilon pioneered Italy’s digital gift card market and has since developed a proprietary digital value ecosystem connecting millions of consumers, thousands of businesses and hundreds of leading brands.

The new partnership accelerates Tillo’s long-term vision to become the trusted technology infrastructure behind rewards, incentives and gift cards globally – transforming them into the currency of connection.

Amilon’s co-founders and CEOs, Andrea Verri and Fabio Regazzoni, will reinvest in the combined business and continue to lead Amilon as a Tillo Group company.

Alex Preece, CEO and Co-Founder, Tillo commented:

“This is an incredibly exciting landmark moment for Tillo and for our industry. Amilon has built an outstanding business over two decades, trusted by leading Italian and international enterprises and known for exceptional standards of service and expertise.

“Joining forces gives us the opportunity to combine our strengths and build an international digital value platform with the depth and reach to shape the future of this industry. Equally important, we’ve found a team whose culture and values strongly align with our own, and I’m proud to welcome them as partners into the Tillo Group.”

Gareth Healy & Maria Tozzi Spadoni, Portfolio Leads, Tenzing said:

“Since backing Tillo, we’ve been continually impressed by the strength of the leadership team and the pace at which they’ve scaled the business internationally. The acquisition of Amilon is a natural next step in that growth story, bringing together two founder-led, profitable businesses with a shared culture and a complementary footprint across the UK, Europe and beyond. We’re proud to continue supporting Alex and the Tillo team, and delighted that Andrea and Fabio are reinvesting alongside us as we build the leading platform for rewards, incentives and gift cards globally.”

Ryan Smith, Partner, EMC Corporate Finance, added: 

“We are delighted to have supported Tillo on its acquisition of Amilon and to continue our relationship with Alex, Tillo and the Tenzing team.

“Amilon is a highly complementary addition to the Group, bringing an established market position in Italy and considerable expertise across rewards, incentives and employee benefits.

“This second acquisition represents another important milestone in Tillo’s growth journey, and we look forward to seeing the combined business continue to flourish in this next chapter.”

Advisors: 

Tillo was advised by EMC Corporate Finance and Clearwater International, with Tenzing as an investor and Simmons & Simmons providing legal counsel.

The EMC Team