Leading Belgian Fintech company UnifiedPost raises €25 million

//Leading Belgian Fintech company UnifiedPost raises €25 million

Leading Belgian Fintech company UnifiedPost raises €25 million

“Accelerate international growth and expand offering of integrated solutions”

La Hulpe, 27 April 2018 – UnifiedPost, one of the leading fintech companies in the Benelux region, has raised 25 mio EUR in a private placement from Participatiemaatschappij Vlaanderen (PMV) [Flanders Investment Company], the Federale Participatie- en Investeringsmaatschappij (FPIM) [Federal Investment Company], an American investment company and an international mix of family offices and private investors. UnifiedPost wants to use this new funding to accelerate international growth and expand the deployment of its solutions geared to administrative and financial services for corporate companies and small and medium enterprises (SMEs). These services range from traditional document processing to flexible payment solutions.

This financing round of automatically convertible bonds (ACB) brings the total amount of venture capital raised, since the end of 2014, to €43 million. This includes previous investments from prominent players such as PE Group and SmartFin Capital.The Dutch merchant bank Kempen & Co acted as financial advisor to UnifiedPost in connection with the private placement.

UnifiedPost will use the money from the ACB for international expansion and product development, such as strategic takeovers geared to accelerated market access and integrated payments. It will also develop additional administrative and financial services offerings for corporate companies and SMEs.

For instance, the company recently launched, together with the Instituut van Accountants en Belastingconsulenten (IAB) [Institute of Accountants and Tax Consultants], BilltoBox.be, a cloud solution for sharing financial and accounting documents between accountants and their customers. Other community solutions geared to the agricultural (The Netherlands), temporary employment and insurance sectors have also been brought to the market, or are about to be launched.

“This financing is another major step in our growth story,” says Hans Leybaert, CEO of UnifiedPost. “The advent of the EU Directive PSD2 unlocks the market of banking services, particularly payments. UnifiedPost aims to become a leading player in this domain too and to develop the European platform for streamlining all external business processes. We are going to accelerate our international expansion and substantially enlarge our offering of integrated solutions, including payment facilities”.

UnifiedPost develops and manages transactional platforms to optimize document-driven processes that involve various stakeholders, and provides solutions that interface technology, financial and business processes. The company has undeniable European growth ambitions. In the future, further steps will be taken to raise additional growth funding.

“PMV is very dedicated to supporting technology companies that create value for all businesses and support digitization of SME’s,” says Roald Borré, Head of Equity Investments at PMV. “We are delighted to support a successful scale-up like UnifiedPost in their growth path”.

As its name suggests, UnifiedPost started out with document processing – though the company has been engaged in far more than that for many years now. Strategic acquisitions have enabled UnifiedPost to extend its services to payment solutions, financial services, app management and identity recognition. In 2016, UnifiedPost acquired the Dutch company ZET Solutions, thereby becoming the market leader in e-recognition and e-invoicing services within the Dutch agricultural sector. With the acquisition of Nomadesk and Onea, the company is now fully capable of offering integrated solutions to its customers.

About UnifiedPost

UnifiedPost provides a complete technology portfolio for identity management, document processing, robotic accounting and apps with added value.  As such, UnifiedPost is a unique one-stop-shop cloud provider for optimizing the financial B2B value chain, from order to invoicing and payment, from employment contract to pay slip.

Interesting facts and figures concerning the UnifiedPost group:

  • Established in 2001, with a proven track record
  • €26 million in consolidated turnover, predominantly recurrent
  • 230 FTEs in Benelux and Eastern Europe, of whom 70 work in R&D
  • 200 million documents processed per year
  • Extensive portfolio with customer references in various sectors, from large internationals to various SME communities
  • Payment institution recognized by the National Bank of Belgium
  • International M&A track record (e.g. ZET Solutions, PowertoPay, Nomadesk, Onea, etc.)
By |2018-08-23T19:12:05+00:00April 27th, 2018|Press release|
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