AnaCap-backed Heidelpay acquires credit outfit Universum

AnaCap-backed Heidelpay acquires credit outfit Universum

Germanic payments service provider Heidelpay has acquired Frankfurt-based PayLater outfit Universum, its fifth acquisition since private equity firm AnaCap bought a controlling stake in the firm in 2017.

Universum's platform covers the entire receivables lifecycle, from credit-checking to recovery once debt collection is required, both in Germany and globally.

Heidelpay says the deal will push annual revenues to €90mn and transaction volumes to circa 8bn, driven by a five-fold increase in the number of transactions to 140 million.

Its the latest in a string of acquisitions by Heidelpay since AnaCap's initial investment and comes just a week after the firm bought Vienna-based PSP mPAY24 and three months on from the takeover of Hamburg-based point-of-sale provider Startec.

Tassilo Arnhold, managing director at AnaCap comments: “This add-on acquisition is the fifth in rapid succession for heidelpay and is another important strategic milestone in our drive to create 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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