AnaCap-backed paytech Heidelpay acquires Universum Group
Payment services provider Heidelpay Group has acquired Universum Group in Germany.
Financial details were not disclosed
Financial details were not disclosed. Universum, a Frankfurt-based payment service and debt collection provider, specialises in pay later solutions in DACH for e-commerce merchants.
Its platform covers the receivables lifecycle, from credit-checking to recovery once debt collection is required, both in Germany and globally.
Mirko Hüllemann, founder and CEO of Heidelpay, comments: “Universum and Heidelpay have an established track record of working together in a close and successful manner – so the takeover was a logical next step for both parties.”
Universum’s FlexiPay suite will be incorporated as part of Heidelpay’s existing product range.
According to AnaCap, processed global e-commerce volumes are estimated to reach close to €4 trillion in 2019.
This is the fifth bolt-on acquisition by Heidelpay since AnaCap’s initial investment in Heidelpay in 2017.
AnaCap says its core strategy is to build out the group’s payments omni-channel, product and distribution capabilities, while looking for growth among SME and large merchants in the DACH region.
