heidelpay acquires its second payment service provider

AnaCap-backed heidelpay Investments has acquired Austrian online payment solution company Mpay24.

Founded in 2001, Mpay24 is a PSP which is focused on e-commerce payments processing and is used by more than 2,000 merchants. The company’s technology enables merchants to accept payments from around the world and a range of payment methods such as MasterCard, Visa, Paypal, Paynow and Klarna, among others.

Germany-based heidelpay is a payment service provider for the e-commerce industry, supporting 16,000 merchants around the world. The company enables over 200 payment types including debit cards, prepayments, online transfers and invoices, among others.

This acquisition marks heidelpay’s second acquisition in the payments space, following the company’s acquisition of German point of sale solution provider StarTec, in October last year. heidelpay is pursuing its growth initiative through organic and inorganic strategies, as it looks to expand across the DACH region.

AnaCap acquired heidelpay at the beginning of 2016 for an undisclosed amount, but the transaction saw the company’s co-founders and management retain a minority stake. Through the acquisition, heidelpay planned to expand its growth in current markets of operation and move in to new ones.

AnaCap managing director Tassilo Arnhold said, “mPAY24 joins our leading DACH payment service platform as we seek to establish a true omni-channel and multijurisdiction payment solutions provider, and entry into the Austrian and wider DACH market is a significant milestone for heidelpay.”

Earlier this week, India-based online payment technology provider Razorpay, received a $20m Series B round led by Tiger Global and Y Combinator. The capital will go towards supporting expansion into new markets and verticals.

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