Fintech Payments Platform heidelpay Acquires Universum Group

AnaCap-backed payment services provider heidelpay has announced the acquisition of Universum Group in Germany. heidelpay reports that this is their 5th acquisition since 2017. Details of the acquisition were not disclosed.

Based in Heidelberg, the heidelpay Group is a fintech service provider in the international payment processing space. heidelpay uses in-house developed solutions to provide payments via invoice, installment payments, direct debit, direct payment, and prepayment – and for providers of credit cards or wallet solutions. heidelpay is authorized by the German Financial Supervisory Authority (BaFin).

Universum is a Frankfurt-based payment service and debt collection provider that specializes in “PayLater” solutions in the DACH region for e-commerce merchants. Their platform covers the entire receivables lifecycle, credit-checking to recovery once debt collection is required, both in Germany and globally.

Mirko Hüllemann, founder and CEO of heidelpay, said this latest acquisition is an important milestone for their future.

“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. We will now look to drive growth and offer solutions along the entire payment supply chain from a single source. FlexiPay, the white label solution for PayLater and installments, is already integrated smoothly into all product offerings by heidelpay.”

heidelpay said they continue to experience significant growth trajectory with revenues increasing more than 5.5x to €90 million and transaction volume expected to reach €8 billion, driven by a 5x increase in the number of transactions to 140 million.

Tassilo Arnhold, Managing Director at AnaCap Financial Partners LLP, said they continue to pursue their goal of creating a “market leading, omni-channel and multi-jurisdiction payment solutions provider in the DACH region.”

“The payments landscape in the EU remains hugely exciting and is seeing rapid consolidation of a highly fragmented industry as well as the application of technological innovation to capture market share and generate value.”

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