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September 23, 2020
Unifiedpost Group SA, Fitek’s parent company, is now listed on the regulated market of Euronext Brussels
Fitek to add Unifiedpost Group’s name to logo and communications
Fitek will start incorporating the phrase "Part of Unifiedpost Group” in its logo and communications starting today, in recognition of the parent company’s listing on the regulated market of Euronext Brussels (the “Listing”).
Fitek, a leading financial solutions company operating in Estonia, Latvia, Lithuania, Slovakia, Serbia, and Bosnia and Herzegovina, was acquired by Unifiedpost Group in 2019.
On 22 September, Unifiedpost Group’s shares started trading on the regulated market of Euronext Brussels, following a private placement to qualified and other exempted investors (the “Private Placement”).
Through the issuance of a total number of 8,750,000 new Shares in the context of the Private Placement, Unifiedpost raised €175 million gross proceeds to strengthen its financial position in the short term by repayment of the existing acquisition facility and to further accelerate its growth strategy and tap into attractive opportunities at the intersection of multiple, large high-growth markets.
The Private Placement and the Listing bring new strength to the group, enabling it to launch new technologies and to provide new fintech services to its clients throughout Europe. Fitek and Unifiedpost Group are well positioned to capitalize on the acceleration of the digital transformation of businesses, including SMEs, driven by structural and regulatory tailwinds in the areas of e-invoicing, identity and access management as well as payments, fueled by favorable regulatory initiatives such as PSD2 and the increasing adoption of mandatory e-invoicing on national levels. Unifiedpost Group nearly tripled its revenue between 2017 and 2019 (pro forma), to a total of €69.0 million. In 2019, Unifiedpost Group processed over 350 million documents yearly, reaching nearly 400,000 SMEs and more than 250 corporates2.
“Unifiedpost going public is an exciting next chapter in our story”, said Jan Mindek, Fitek MD in Slovakia and Czech Republic. “It is amazing to see that a company originating from Estonia has developed to a level that enables it to be a part of publicly traded company on one of the top stock exchanges in Europe”.
Hans Leybaert, CEO of Unifiedpost Group, added: “The capital raised will allow us to develop new services and technologies for our clients at an even faster pace, and it will expand our presence in Europe as a leading fintech company.”
About Fitek Group
Fitek Group is the market leader in its home markets in developing e-invoicing and interoperability networks. Its products and services include e-invoice roaming and Pan-EU PEPPOL e-invoicing. Fitek Group employs 270 people and its 2018 turnover was 21.5 million EUR.
About Unifiedpost Group
Unifiedpost Group wants to become the leading cloud-based platform for SME business services built on “Documents”, “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time and seamless connections between Unifiedpost’s customers, their suppliers, their customers and other parties along the financial value chain. With its one-stop-shop solutions, Unifiedpost Group’s mission is to make administrative and financial processes simple and smart for its customers. Since its founding in 2001 , UNIFIEDPOST GROUP has grown significantly, expanding to offices in 15 countries throughout Europe, with more than 350 million documents processed in 2019, reaching over 400,000 SMEs and more than 250 Corporates across its platform today.
Noteworthy facts and figures:
- Established in 2001, with a proven track record1
- 750+ employees throughout Europe, of whom 100+ work in R&D
- 350+ million documents processed in 2019
- Diverse portfolio of clients across a wide variety of industries (banking, leasing, utilities, media, telecommunications, travel, social security service providers, public organisations, etc.) ranging from large internationals to SMEs
- Unifiedpost Payments, a fully owned subsidiary, is recognised as a payment institution by the National Bank of Belgium
- Certified Swift partner
- International M&A track record
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IMPORTANT LEGAL INFORMATION
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Unifiedpost Group. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might", the negative of such terms or other k expressions. Unifiedpost Group wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Unifiedpost Group does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events, unless such events or circumstances would give rise to an obligation for Unifiedpost Group to issue a prospectus supplement in accordance with article 23 of the Prospectus Regulation. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Unifiedpost Group, including, among others, general economic conditions, the competitive environment, rapid technological and market change in the industries Unifiedpost Group operates in, as well as many other risks specifically related to Unifiedpost Group and its operations.
The information in these materials does not constitute a recommendation regarding an investment in the securities of Unifiedpost Group and does not purport to contain all information that may be required to evaluate such an investment. The merit and suitability of an investment in Unifiedpost Group should be independently evaluated and any person considering such an investment in Unifiedpost Group is advised to obtain independent advice as to the legal, tax, accounting, financial, credit and other related advice prior to making an investment. By accepting the information in these materials, the recipient acknowledges that it makes all trading and investment decisions in reliance on its own judgment and not in reliance on any of Unifiedpost Group or its affiliates, shareholders, directors, officers, advisers, employees or representatives.
The information in these materials is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or subscribe for, or the announcement of a forthcoming offer to sell or subscribe for, or a solicitation of any offer to buy or subscribe for, or the announcement of a forthcoming solicitation of any offer to buy or subscribe for, existing or new securities in the Company in Belgium, the United States or in any other jurisdiction.
Neither the information in these materials nor any copy of it may be taken or transmitted, directly or indirectly, into the United States, Australia, Canada, Switzerland, Japan, South Africa or any other jurisdiction in violation of the relevant laws of such jurisdiction. The information in these materials does not constitute or form part of a prospectus of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or commitment therefore. The offer and the distribution of the in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.