Utrecht-based online payment service provider Buckaroo has acquired SEPAY, the Hague-based point-of-sale payment service provider in the Benelux. The deal comes on the back of its acquisition of payment service provider Sisow in December 2021.
The acquisition is expected to strengthen Buckaroo’s position in the SME market and extend its offerings as an omnichannel payment solution. The combined group will serve 27,000 customers and process €10 billion in transaction volume.
SEPAY serves its customers with transaction services, debit and credit transactions, leasing, buying, or short-term rental of both mobile and fixed ATMs, and taking care of the complete processing of these transactions.
Paul Scholten, CEO of Buckaroo said: “The e-commerce landscape is growing rapidly and requires a complete payment solution. The combination of Buckaroo and SEPAY ensures a competitive position in the payments market with an omni-channel payment solution, which includes in-store payments across Europe. This way we make sure that companies, with both local and international ambitions, get paid anywhere.”
Tamás Fogl and Herman Roebersen, owners and directors of SEPAY added: “As a highly efficient acquirer in the off-line payment business, we recognised a lot of very positive opportunities and synergies by joining forces with a strong e-commerce PSP like Buckaroo. We are committed to the future success of the combined group and looking forward to working with Paul and his team on the board.”