FinTech sales transactions for SMEs

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Integral service around a transaction
BY : Diego GutiérrezFebruary Fri, 2019

Spain's Besepa, a company that offers solutions to automate banking management for small and large companies, has been sold to Enxendra Technologies. We note that financial technology continues to gain market share and more and more companies are specialising in this sector. To support this assertion, we have conducted an analysis of sale of companies in the global SME FinTech sector.

venta de empresas FinTech para Pymes

Operation between Spanish companies Enxendra and Besepa

El pasado 11 de enero de 2019 conocimos la compra realizada por Enxendra Technologies, empresa dedicada al desarrollo de soluciones de digitalización y certificación de documentos, sobre Besepa. El importe de la operación no se ha hecho público.

Besepa, based in Madrid, is a company that offers solutions for to automate the banking management of businessesby developing automation technology for the three types of SEPA direct debit (B2B, CORE and COR1). Dentro del accionariado de Besepa se encontraban Cabiedes & Partners, especializado en inversiones iniciales en internet, y François Derbaix, cofundador y co-CEO de Indexa Capital.

Enxendra Technologies ha llevado a cabo la adquisición con el objetivo de integrar a Besepa y mejorar así su producto: Docuten. Esta novedosa plataforma enables electronic invoicing and digital signature to be combined in a single service..

International sales

These are the most relevant and recent operations observed by our experts in Corporate Finance at the international level:

1. Debifo

Fundada en 2015 y con sede en Lituania, Debifo es una an invoice finance platform that enables growing SMEs to borrow from institutional and retail investors. It is growing rapidly, with a 35% market share in the alternative lending space.

Factris, empresa Fintech que ofrece factoring a pequeñas y medianas empresas, anunció el 14 de enero de 2019 the full acquisition of Debifo for an undisclosed price.

"Our team is delighted to join Factris. Together we will be able to enhance our financing capabilities, expand the range of services and offer more competitive prices for our customers," commented Justas Šaltinis, CEO of Debifo.

In December 2018, Factris concluded a EUR 100 million credit agreement through Swiss investment advisor Ruvercap. The credit facility will be used to provide working capital to small and medium-sized enterprises across Europe.

2. BluePay

BluePay es un proveedor de servicios de credit card payment processing with technology for SMEs in the United States and Canada. Through physical POS, online and mobile interfaces, BluePay processes payments and provides real-time settlement, reporting and reconciliation, along with robust security features such as tokenisation and point-to-point encryption. BluePay is headquartered in Naperville, Illinois, with offices in Chicago and New York.

Based on the data published at the end of 2017, BluePay annual turnover is approximately 19 billion dollars for more than 77,000 merchants and is integrated into more than 450 software platforms.

On 1 December 2017, the purchase transaction por parte de First Data Corporation, compañía que ofrece soluciones de comercio y pago electrónico para comerciantes, instituciones financieras y emisores de tarjetas, sobre BluePay. El importe de la venta no fue publicado.

3. Satago

Based in London, Satago offers a cash-flow solution that makes it possible for SMEs to pay faster, identify risk and bring forward payment of overdue invoices. It connects to the companies' accounting software and automates the customer search process, helping them to creating automatic invoices, reminders and payment requests. It also has credit information on companies to help educate users about who are "good customers" and who "should be avoided".

On 16 February 2017, it was confirmed by the Oxygen Finance the acquisition of Satago. Oxigen is a California-based company that brings innovation to prepayment solutions, generating a new revenue stream for businesses.

The transaction resulted in the companies working together to offer integrated prepayment, finance and cash flow solutions for large purchasing organisations and suppliers of all sizes, including SMEs.

4. Payable

Fundada en 2013 en San Francisco, Payable ayuda a miles de contratistas a cobrar de manera más rápida y eficiente. Tienen la misión de conseguir que invoicing, job tracking, incorporation and calculation of earnings and taxes to be as simple as possible for contractors and the companies they work with. Its apps are available for iOS, Android and Web.

La compañía fue vendida el 26 de julio de 2017 a Stripe, compañía de tecnología global que construye infraestructura económica para internet. Los importes de la operación no fueron revelados.

Si todavía sigues interesado en el sector de FinTech, en esta reciente entrada puedes encontrar información sobre las Goldman Sachs' acquisitions and financing rounds in financial technology companies.

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