Payment fintech heidelpay acquires Universum Group in Germany

heidelpay Group announced the acquisition of UNIVERSUM Group, a Frankfurt-based payment service and debt collection provider that specializes in “PayLater” solutions – the largest and fastest growing payment method in the DACH region (Austria, Germany, Switzerland) for e-commerce merchants. Financial details are not disclosed.

UNIVERSUM’s platform covers the entire receivables lifecycle, from credit checking to recovery once debt collection is required, both in Germany and globally. UNIVERSUM represents the fifth bolt-on acquisition for heidelpay since initial investment from private equity firm AnaCap in September 2017.

Tassilo Arnhold, Managing Director at AnaCap Financial Partners, said in a statement that the EU payments landscape is seeing rapid consolidation of a highly fragmented industry as well as the application of technological innovation to capture market share and generate value.

Read the full release

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