KKR to acquire majority stake in German fintech heidelpay from AnaCap
heidelpay is one of the fastest-growing full-service payment providers in
- Attractive industry fundamentals driving further growth
- Can play a key role in consolidating the European payments market
Leading full-service payment provider
Founded in 2003, heidelpay is a leading full-service payment provider that offers a complete range of payment processing services to online and face-to-face merchants. heidelpay facilitates payment acceptance on behalf of merchants across various payment methods for e-commerce, m-commerce and at the physical point of sale. heidelpay currently serves more than 30,000 retailers and marketplace operators, focusing on SMEs and corporates.
The business operates in a European payments landscape underpinned by strong growth drivers, including an accelerating shift towards non-cash transactions and the continued growth of e-commerce.
Accelerating heidelpay’s growth journey
During AnaCap’s investment, heidelpay accelerated the development of its omni-channel platform, complete range of payment products, and proprietary technology. heidelpay can now play a key role in consolidating the fragmented European payments market. KKR is committed to supporting heidelpay in expanding its market share across the payments value chain, both organically and through strategic M&A, continuing the buy-and-build strategy initiated by AnaCap who completed seven bolt-ons. KKR will also support the company´s ambitious technology platform and product innovation roadmap.
Mirko Hüllemann, Founder and CEO of heidelpay, said: “We set out to become a market leader in omni-channel payment processing across the DACH region and with AnaCap’s powerful support we have reached our goal in a very short time frame. We are very excited to have attracted renowned global investor KKR to support us in the next stage of our growth journey. With its long-standing experience in financial services and technology, and its deep international network, we firmly believe that KKR will help us approaching larger customers and shaping the payment landscape globally. In my role as CEO and partner I’m looking forward to working with a fantastic management team in the next years.”
The offer is subject to approval by the
About heidelpay Group
Based in Heidelberg, the heidelpay Group is one of the fastest-growing and most innovative fintech service providers in
Founded in 2003, the full-service payment service provider covers the entire spectrum of electronic payment processing: from processing to acquiring, monitoring and risk management to receivables management. The fully scalable, modular solutions are used by 30,000 national and international customers. The various payment methods are provided for e-commerce, m-commerce and the stationary point of sale.
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about
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