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Banking Circle Group expands financial ecosystem with acquisition of specialised account-to-account payment method provider SEPAexpress

Triple digit growth targeted by European expert in account-to-account payments as it becomes part of next generation technology platform for global commerce

 Amsterdam, 26th April 2022 – SEPAexpress, which provides trusted and seamless, white-labelled account-to-account (A2A) payments for Payments Service Providers (PSPs), merchants and corporates in Europe has been acquired by Banking Circle Group, the next generation financial technology platform for global commerce.

Less than five years after bringing its first solution to market, SEPAexpress now processes millions of transactions on a monthly basis. By becoming part of the Banking Circle Group ecosystem SEPAexpress gains immediate access to technology infrastructure and financial resources to accelerate its growth. 

 As companies digitise their customer and supply-chain interactions, there is a growing need for modern aged financial solutions. With offices worldwide and payment flows of more than EUR 200bn, the Banking Circle Group ecosystem meets that need, serving payment businesses, banks, global markets and online merchants. The addition of SEPAexpress to the Banking Circle Group ecosystem complements its rich set of e-commerce solutions including embedded finance, business payments & card issuing and B2B Buy Now Pay Later.

“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”, said Franz Guttenberger, CEO of SEPAexpress. “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.”

 “The quality and simplicity of the solutions from SEPAexpress are without compare in the industry”, added Anders la Cour, Chief Executive Officer of Banking Circle Group. “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. We look forward to working closely with SEPAexpress and welcome the entire team to the Group.”

 Pushing account-to-account payments to the next level

Launched to the market in 2017, SEPAexpress has rapidly established a reputation for innovation, enabling businesses to process Direct Debits faster, cheaper and with less risk. It now has ambitions to extend further in the account-to-account space with Open Banking, upcoming Request to Pay and embedded risk management services and will be able to leverage the global network of more than 200 Payment businesses, Banks and Marketplaces already connected to the Banking Circle Group ecosystem.

A2A payments are payments that move money directly from the payer’s bank account to the merchant’s or service provider’s bank account through all instant payment networks involved. This type of credit transfer is inexpensive, push-only, and only takes a few seconds to complete. It is predicted that more than 20 percent of e-commerce transactions in Europe will be made by A2A payment options by 2023, accounting for a higher share of payments than debit and credit cards.

Capitalising on being part of the Banking Circle Group ecosystem, SEPAexpress aims to be at the forefront of this growth, making payments as simple and user-friendly as possible. SEPAexpress will continue to operate autonomously and is aiming for triple digit growth in 2022.

 About the Banking Circle Group

Banking Circle Group is a next generation financial technology platform for global commerce. With offices worldwide and payment flows of more than EUR 200bn, Banking Circle Group serves payment companies, banks, global marketplaces and online merchants, helping them accelerate the digitisation of their customer and supply-chain interactions with modern age financial solutions.

At the centre of the Banking Circle Group ecosystem, licenced bank, Banking Circle S.A. offers global cross border payments, accounts and liquidity management through the first and only global hub for real-time clearing and settlement with direct API access. This is surrounded by a rich set of complementary eCommerce solutions, including revenue-based financing, business payments & card issuing, B2B Buy Now Pay Later and account-to-account payment methods.

The Banking Circle Group comprises separate, affiliated companies across different regulatory regimes. For further information regarding Banking Circle S.A., YouLend, SEPAexpress and Biller, and/or how they are licensed and regulated, please visit their respective websites.

Banking Circle Group is owned by EQT VIII and EQT Ventures, in partnership with Banking Circle S.A.’s founders. The Group entities have offices in Amsterdam, Copenhagen, London, Luxemburg, Munich, Singapore and Stamford, Connecticut.

About SEPAexpress

SEPAexpress provides trusted and seamless account-to-account payments. Our best-in-class cloud-based API and platform offers Direct Debit, Open Banking and soon to come Request to Pay with fully integrated risk and mandate management. As a white-label technical payment service provider of account-to-account payment methods and being part of one of the fastest growing banking ecosystems and network, allows us to offer the exciting mix of growth, better margins, increased security, higher conversion, improved cashflow, reduced risk and happier customers.

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