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Buckaroo acquires a majority stake in point-of-sale payment service provider SEPAY with the support of Keensight Capital

Buckaroo, a leading next-generation online Payment Service Provider (“PSP”), has signed an agreement to acquire SEPAY, a successful Point-Of-Sale (“PoS”) payment solutions provider in the Benelux, with the support of Keensight Capital, one of the leading private equity managers dedicated to pan European Growth Buyout 1 investments and Buckaroo’s majority investor alongside the managers of SEPAY.

Founded in 2005 and headquartered in The Hague, SEPAY is a fast-growing licensed payment institution specialized in PoS payment solutions in the Benelux.

Thanks to its credit card acquiring capabilities and highly efficient merchant onboarding process, SEPAY has distinguished itself in its ability to provide a comprehensive and highly competitive PoS solution, with next day implementation of its payment solutions (both mobile and fixed terminals).

The company currently serves over 13,500 customers with a strong footprint in the retail industry across the Benelux and in Germany.

Buckaroo sees this acquisition as a strategic move to further strengthen its position on the SME market and its offering with an omnichannel payment solution, both to their respective clients and to new customers. SEPAY is the second strategic acquisition of Buckaroo, following Sisow in 2021. The combined group will serve 27,000 customers and process c. €10bn in transaction volume.

“We are delighted with the arrival of SEPAY at Buckaroo. The e-commerce landscape is growing rapidly and requires a complete payment solution. The combination of Buckaroo and SEPAY ensures a position in the payments market with an omni-channel payment solution, which includes instore payments across Europe. This way we make sure that companies, with both local and international ambitions, get paid anywhere,” said Paul Scholten, CEO of Buckaroo.

Tamás Fogl and Herman Roebersen, owners and directors of SEPAY stated: “We are more than enthusiastic to become part of the Buckaroo group. As a highly efficient acquirer in the off-line payment business, we recognized a lot of very positive opportunities and synergies by joining forces with a strong e-commerce PSP like Buckaroo. We are very committed to the future success of the combined Group and looking forward to working with Paul and his team on the board.”

“With this acquisition, Keensight Capital continues to demonstrate its support of Buckaroo’s growth strategy. This proves once more the company’s ability to act as a natural consolidator in the PSP market. The deeply complementary nature of Buckaroo and SEPAY will allow the group to further position itself as the leader in the entire payments market, and provide clients an opportunity to benefit from new market-leading solutions through a single provider. We are looking forward to continuing to support Buckaroo as it scales up, broadening its offering and geographical reach,” added Stanislas de Tinguy, Partner at Keensight Capital.

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Media Contacts
SEPAY
– Herman Roebersen – h.roebersen@sepay.nl – +31 6 2254 2258
Buckaroo
– Maurits Dekker – m.dekker@buckaroo.nl – +31 65119 4399
 Keensight Capital
– Tim Lee – tlee@keensightcapital.com – +44 7785 345 250
 Citigate Dewe Rogerson
– Yoann Besse – yoann.besse@citigatedewerogerson.com – +33 6 63 03 84 91

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