19 September 2017
visit www.avoka.com

Aevi raises EUR10m

24 October 2016  |  1292 views  |  0 Source: Aevi

Aevi, a provider of global payment transactions and a marketplace for B2B apps and services, announced today that it has completed its EUR 30 million capital increase by securing a EUR 10 million investment from Adveq, a global private equity investor.

The co-investment was made alongside Dutch investor HPE Growth Capital, which provided the initial tranche of EUR 20 million in May 2016. At that point of time a second tranche was already agreed with HPE. The total investment of EUR 30 million will fund further growth and international expansion.

AEVI, which belongs to Diebold Nixdorf, was carved out of the group as an independent company at the start of the financial year in October 2015.

Adveq’s investment will be used to accelerate the already impressive growth of AEVI by further developing its highly innovative portfolio, including products such as AEVI‘s Marketplace, which is a white-label B2B App Store, and expanding the company’s presence globally.

Reinhard Rabenstein, Managing Director at AEVI, said: “Adveq’s investment is a testament to our work so far and the potential of our business to grow. We are looking forward to taking AEVI to the next stage of its development and becoming a global leader in the dynamic sector of cashless payments.”

Richard Damming, Executive Director at Adveq, said: “We have a longstanding relationship with HPE Growth Capital and are excited to support an innovative and successful company like AEVI in its further growth in a very promising market. ”
Diebold Nixdorf intends to retain a majority holding in AEVI in the long term, alongside the new investors. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.temenos.comvisit www.sibos.com

Top topics

Most viewed Most shared
JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidityJPMorgan Chase chief says he would fire tr...
10490 views comments | 16 tweets | 29 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
9867 views comments | 6 tweets | 17 linkedin
iPhone X gets Face ID for Apple PayiPhone X gets Face ID for Apple Pay
8932 views comments | 11 tweets | 22 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
8862 views comments | 6 tweets | 3 linkedin
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
8531 views comments | 19 tweets | 39 linkedin

Featured job

circa £250K total package
London

Find your next job