acquires Dutch fintech firm PayPlaza for €10m

software, a global firm in cloud software for conversational commerce, reached agreement to acquire PayPlaza, an innovative Point of Sale (POS) Payment Acceptance Platform.

The acquisition forms a next step for to offer omnichannel communications and payments solutions from one single platform.

The transaction comprises a consideration of €10m. Upon closing, the acquisition will be immediately accretive to EBITDA.

Founded in 2010, PayPlaza is a fast-growing company which employs approximately 50 people across Europe, and has around 20,000 payment terminals connected to its platform.

The company runs a high margin and profitable business with currently €4m in annual recurring revenues, which are primarily license-fee based. PayPlaza connects partners to its POS Gateway, POS and mobile-POS terminal devices and serves large retailers such as Zeeman, and Dutch government departments such as the Ministry of Foreign Affairs.

Jeroen van Glabbeek, CEO of “We see an increased demand for integrated online and mobile payment and physical in-store solutions, like mobile pin terminals. With PayPlaza we strengthen and further enrich the Payments proposition on our Conversational Commerce platform.“

Edgar Plasa, CEO of PayPlaza: “We operate a payments processing platform that also includes a physical instore solution that facilitates purchases, can scan items and serves as a complete mobile cash register. In the Netherlands, we have grown rapidly in recent years. Being part of enables us to accelerate our expansion across Europe.”