Buckaroo acquires payment service provider SEPAY with Keensight Capital

Boucarou signed an agreement to acquire SEPAY, a successful Point-Of-Sale (“PoS”) payment solution provider in the Benelux, with the backing of Keensight Capital, a leading private equity manager dedicated to pan-European Growth Buyout[1] investments and majority investor in Buckaroo alongside SEPAY managers.

Founded in 2005 and based in The Hague, SEPAY is a growing licensed payment institution specializing in PoS payment solutions in the Benelux.

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

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

Buckaroo sees this acquisition as a strategic decision to further strengthen its position in the SME market and its offer with an omnichannel payment solution, both to their respective customers and to new customers. SEPAY is Buckaroo’s second strategic acquisition, following Sisow in 2021. The combined group will serve 27,000 customers and process c. 10 billion euros in transaction volume.

“We are delighted with the arrival of SEPAY at Buckaroo. The e-commerce landscape is growing rapidly and requires a comprehensive payment solution. The combination of Buckaroo and SEPAY ensures a competitive position in the payments market with an omnichannel payment solution, which includes in-store payments throughout Europe. This way we ensure 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 said: “We are more than enthusiastic to be part of the Buckaroo group. As a very successful acquirer in the offline payments space, we have identified many very positive opportunities and synergies by partnering with a strong e-commerce PSP like Buckaroo. We are very committed to the future success of the combined group and look forward to working with Paul and his team on the Board.

“With this acquisition, Keensight Capital continues to demonstrate its support for Buckaroo’s growth strategy. This once again proves the company’s ability to act as a natural aggregator 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 will offer customers the opportunity to benefit from new market-leading solutions via a single supplier. We look forward to continuing to support Buckaroo as it grows, expanding its offering and geographic reach,” adds Stanislas de Tinguy, partner at Keensight Capital.

Completion of the transaction is subject to satisfaction of customary closing conditions and regulatory approval.

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