Invest in a business that will benefit from EU standardization through its state-of-the-art solution for the payments industryThe Business
This innovative Company has developed a software product that provides significant benefits in the EU payments processing market. Previously each EU country followed its own standards for payment processing systems, however, new EU legislation prescribes standardization of protocols and systems with implementation to take place in stages through 2013. The Company has developed a smart, innovative platform that is capable of creating a pan-European collection point. The Company’s software is entirely based on existing infrastructure and industry standards, but it distinguishes itself through its unique, new product architecture and transaction processing. An extensive patent application has been filed for this unique approach.
In addition, the Company’s solution incorporates comprehensive protection against skimming and the platform is suitable for all conceivable new types of payment (mobile and biometric) and transactions (customer loyalty, warranties and other ‘non-financial’ transactions). This solution adds SEPA, control, reduced cost of ownership and functionality specifically required by the market. The Company is now a top supplier of software for POS terminals in its market.
Market
Virtually every country in the EU uses its own payment processing systems, technical protocols, and local market players (card schemes, banks, payment processors). As a result retailers that use these payment systems have little supplier choice. This results in large cost differences within the EU, which can vary from EUR 0.05 to EUR 2.00 per transaction. The new EU legislation mandates standardization to take place in stages through 2013.
The Company’s aim is to expand its exceptional market position throughout the EU. Additional growth capital is required for this purpose, so the Company is offering a 15% stake in return for an investment of EUR 2 million in depository receipts for shares.
Sector: Financial ServicesSegment: Payments ProcessingRegion: Western EuropeFinancing Size: $1m to $5mContact: Marcel Calame
Company: The Finance CompanyTelephone: +31 621 806 887Email: [email protected]