Banking Circle Group has acquired Germany-based SEPAexpress, which provides whitelabelled account-to-account payments for payments service providers, merchants and corporates in Europe.
SEPAexpress joins YouLend and Biller on the Banking Circle Group technology platform, which is spearheaded by licensed bank Banking Circle SA.
The combined group is able to offer global cross-border payments, accounts and liquidity management, along with a range of ecommerce solutions, including revenue-based financing, business payments and card issuing, business-to-business buy now, pay later services, and account-to-account payment methods.
Launched in 2017, SEPAexpress now processes millions of transactions on a monthly basis and plans to extend further in the account-to-account space with open banking and other services.
Banking Circle Group said the acquisition gives SEPAexpress immediate access to technology infrastructure and financial resources to accelerate its growth. It will continue to operate autonomously and is aiming for triple digit growth in 2022.
Franz Guttenberger, chief executive officer at SEPAexpress, explained: “By joining the Banking Circle Group ecosystem we will be able to capitalise on the established infrastructure and financial resources to realise our vision of extending our services across Europe.”
“Businesses across the region need to be able to focus on their customer propositions and, by utilising our services, they don’t need to worry about the payment process.”
Anders la Cour, chief executive officer at Banking Circle Group, added: “The quality and simplicity of the solutions from SEPAexpress are without compare in the industry. Its suite of offerings is a natural fit with the Banking Circle Group ecosystem and we’re excited to have the company on board to serve the ever-growing payment needs of businesses worldwide.”