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FinTech service provider heidelpay takes over UNIVERSUM Group

The fintech service provider heidelpay takes over the Frankfurt UNIVERSUM Group. The heidelpay Group is one of the fastest growing fintech companies in Germany. With the takeover of the pay later and collection specialist UNIVERSUM, heidelpay underpins its claims once again. The approval of the Federal Cartel Office took place this week.

The Frankfurt-based UNIVERSUM Group is also regarded as a specialist in white-label invoice purchasing as well as in-house payment solutions. Thanks to the deal, heidelpay is once again accelerating the strong growth of the past year. For the current year 2019, the Heidelberg payment service providers (PSP) expect sales of around 90 million euros – almost twice as much as before. In addition, the Group expects that by the end of 2019 the volume of traded merchants will increase tenfold compared to the entry-level year of the private equity firm AnaCap Financial Partners. Between 2017 and 2018, heidelpay was able to triple its transaction volume to just under EUR 6 billion, and the number of transactions processed increased by 150 percent.

Mirko Hüllemann, heidelpay founder and CEO, on the Universum deal: “We at heidelpay are specialists in the area of payment – this is our core business. The acquisition will broaden our scope and grow faster. We now offer our customers an> all-round carefree package <. «Hüllemann continues:» The acquisition of the UNIVERSUM Group is an important milestone for us with a view to our future development. We are therefore very pleased that the Cartel Office has just given the green light. «

The heidelpay Group is one of the most innovative and fastest growing FinTech service providers. Heidelberger relies on its own solutions such as invoice and installment purchase, direct debit, online transfers, advance payment and credit card as well as providers of wallet solutions. And not just nationally. With more than 16 years of experience in e-commerce and at the point of sale, the heidelpay Group, as a BaFin-approved payment institution, offers companies of all sizes the opportunity to conduct worldwide payment transactions.

By taking over the UNIVERSUM Group, heidelpay has taken another strategic step towards expanding its portfolio and improving the competitive situation in the European market. Only recently, the Austrian payment service provider mPay24 and the PoS service provider StarTec Payment & Service GmbH became part of the heidelpay Group.

Published inFintech

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