Unifiedpost Group strengthens equity base by 45+ million euro

"Significant capital operation to support the global growth story"

Unifiedpost Group — one of Europe's leading Fintech companies — has significantly strengthened its equity base by approximately 47 million euro via a share capital increase to predominantly existing shareholders and conversion of a majority of its outstanding convertible bonds in order to further achieve its international growth ambitions.

Chairman of the Board Stefan Yee (CEO PE Group): “A capital round with predominantly existing shareholders has raised +10 million euro of new financial resources. In addition, there will be a voluntary early conversion of a majority of its outstanding convertible bonds, resulting in an overall increase in equity of approximately 47 million euros. I am particularly pleased that many existing investors are participating in this important capital round as it is a clear vote of confidence.”

The additional funds from the capital increase will be used to further strengthen the company‘s position in order to become the leading cloud-based platform for SME business services built on Documents, Identity and Payments and to continue the rapid growth that has been achieved over the recent years.

CEO Hans Leybaert: “Unifiedpost Group has recently achieved several important milestones in its European expansion, including the acquisitions of Fitek in Central and Eastern Europe and Prime Document in the UK, the accelerated development of the eHerkenning authentication and authorisation system in the Netherlands, the launch of the JeFacture in France and the introduction of payment options in the Billtobox platform in various countries.”

Unifiedpost Group is targeting further international growth through both organic and external growth opportunities. The additional funds will allow the company to tap into attractive growth potential within the e-invoicing, identity and payment services markets driven by the digital transformation of businesses and other structural tailwinds.

Board member Jürgen Ingels (founder of Smartfin Capital) adds: We want to further strengthen our position as a leading player in the European Fintech sector. As more people are working from home because of the COVID-19 pandemic, more and more SMEs appear to be seeing the benefits of digitalising administrative and financial tasks. This period has acted as a catalyst for digital transformation. The trend toward e-invoicing is also being accelerated as a result of new regulations being introduced by European and national policymakers. More and more governments are already mandating that companies send digital invoices.”

It is expected that by 2025, 80% of organisations will be required to invoice electronically, either due to legislation or at the request of major trading partners.[1]

 

[1] Billentis - The e-invoicing journey 2019-2025, p. 80.

Contact us
Marjolein Vilé Corporate Marketing & Communication Manager, Unifiedpost
Marjolein Vilé Corporate Marketing & Communication Manager, Unifiedpost
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 record
  • 2019 pro-forma turnover €69 million
  • 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
  • Listed on the regulated market of Euronext Brussels, symbol: UPG

(*) Warning about future statements: The statements contained herein may contain forecasts, future expectations, opinions and other future-oriented statements concerning the expected further performance of Unifiedpost Group on the markets in which it is active.  Such future-oriented statements are based on the current insights and assumptions of management concerning future events.  They naturally include known and unknown risks, uncertainties and other factors, which seem justified at the time that the statements are made, but may possibly turn out to be inaccurate.  The actual results, performance or events may differ essentially from the results, performance or events which are expressed or implied in such future-oriented statements.  Except where required by the applicable legislation, Unifiedpost Group shall assume no obligation to update, elucidate or improve future-oriented statements in this press release in the light of new information, future events or other elements and shall not be held liable on that account.  The reader is warned not to rely unduly on future-oriented statements.


Unifiedpost Group
Avenue Reine Astrid 92A
1310 La Hulpe, Belgium