17 December 2017
visit http://response.ncr.com

Aevi raises EUR10m

24 October 2016  |  1333 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.thomsonreuters.infovisit www.ebaday.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10584 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10173 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7341 views comments | 9 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7269 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6678 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job