Unifiedpost Group strengthens equity base by 45+ million euro
"Significant capital operation to support the global growth story"
Unifiedpost Group — one of Europe's leading Fintech companies — has significantly strengthened its equity base by approximately 47 million euro via a share capital increase to predominantly existing shareholders and conversion of a majority of its outstanding convertible bonds in order to further achieve its international growth ambitions.
Chairman of the Board Stefan Yee (CEO PE Group): "A capital round with predominantly existing shareholders has raised 10+ million euro of new financial resources. In addition, there will be a voluntary early conversion of a majority of its outstanding convertible bonds, resulting in an overall increase in equity of approximately 47 million euros."
The additional funds from the capital increase will be used to further strengthen the company‘s position in order to become the leading cloud-based platform for SME business services built on Documents, Identity and Payments and to continue the rapid growth that has been achieved over the recent years.
CEO Hans Leybaert: “Unifiedpost Group has recently achieved several important milestones in its European expansion, including the acquisitions of Fitek in Central and Eastern Europe and Prime Document in the UK, the accelerated development of the eHerkenning authentication and authorisation system in the Netherlands, the launch of the JeFacture in France and the introduction of payment options in the Billtobox platform in various countries.”
Board member Jürgen Ingels (founder of Smartfin Capital) adds: “We want to further strengthen our position as a leading player in the European Fintech sector. As more people are working from home because of the COVID-19 pandemic, more and more SMEs appear to be seeing the benefits of digitalising administrative and financial tasks. This period has acted as a catalyst for digital transformation. The trend toward e-invoicing is also being accelerated as a result of new regulations being introduced by European and national policymakers. More and more governments are already mandating that companies send digital invoices.”