Source: AnaCap
heidelpay Investments GmbH (the “heidelpay group”), a leading German and Germanic-speaking countries (“DACH”) payment service provider (“PSP”) backed by AnaCap Financial Partners (“AnaCap”), the specialist European financial services private equity firm, today announces the acquisition of mPAY24 GmbH (“mPAY24”), a leading Austrian PSP.
Founded in 2001, mPAY24 is a Vienna-based PSP primarily focussed on e-commerce technical payment processing services. The e-commerce payments platform is used by over 2,000 merchants today and enjoys a reputation as the “go-to” specialist for solutions in online payment transactions in Austria.
mPAY24 is the second bolt-on to the heidelpay group in less than three months, since AnaCap's initial investment in September 2017. It follows on rapidly from the acquisition of StarTec, a Hamburg-based point of sale payment solutions provider, in October 2017. Acquiring a leading provider in the Austrian market marks yet another step towards establishing a multi-jurisdiction payment solutions provider, offering a full suite of omni-channel payment services for its valued merchants.
Tassilo Arnhold, Managing Director at AnaCap, commented:
“We are pleased to have completed an additional add-on acquisition for heidelpay group in such short order, in what is a very exciting time for the payments landscape in Germany and the DACH region more generally. mPAY24 joins our leading DACH payment service platform as we seek to establish a true omni-channel and multi-jurisdiction payment solutions provider, and entry into the Austrian and wider DACH market is a significant milestone for heidelpay.”