Brussels-based fintech scale-up Unifiedpost has secured north of €10 million in fresh funding - from mostly existing investors - to spur growth. Rumoured to have been considering an IPO in recent times, the company has also announced a (voluntary) early conversion of a majority of its outstanding convertible bonds, resulting in an overall increase in equity of approximately €47 million euros.
With the capital raise, Unifiedpost wants to become a significant pan-European player in the growing fintech space, by delivering tailored digital solutions across the entire financial value chain.
To wit, the company offers a wide range of customers a cloud-based platform that enables anything from e-invoicing, procurement and payments processing to working capital financing, e-identity solutions and more.
According to a report from De Tijd (in Dutch), the company counts close to 400,000 SMB customers, but also delivers solutions to the likes of Total, BMW, Nike, Ikea, Randstad and Volkswagen. It's turning over about €70 million today, according to the same report.
The roots of Unifiedpost go back almost twenty years, but UnifiedPost has grown in the last few years through a number of strategic acquisitions in different countries, and is likely to continue doing this thanks to its strengthened equity base.
The company is backed by the likes of SmartFin Capital, PMV and others.
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