European FinTech company Unifiedpost Group has unveiled the acquisitions of BanqUP, AKTI and 21 Grams. The firm says that it continues to build out its “one-stop-shop platform” and grows its activities from 15 to 20 European nations with the transactions, according to a Wednesday (Dec. 23) announcement.
“Fully aligned with the thoughtful M&A-approach of Unifiedpost Group, I am convinced that with these acquisitions we set the right steps to further create a pan-European platform for documents, identity and payment services,” Unifiedpost Group CEO and Founder Hans Leybaert said in the announcement.
For example, the acquisition of Belgium-based BanqUP will let the group deliver additional open banking and data insights functions to its small and medium-sized business (SMBs) clients.
The Unifiedpost infrastructure will have expedient access to open banking ecosystems with the connection of BanqUP’s functions, allowing for analysis of combined banking and document information that can be harnessed for cashflow predictions and other reasons.
In addition, Unifiedpost Group has consented to buy Belgian company AKTI, which is a cloud company that offers commerce and eCommerce offerings to SMBs such as bill processing and order management.
Furthermore, the acquisition of Stockholm-based 21 Grams (21grams Holding AB) provides Unifiedpost Groupwith the chance to grow its activities in 4 countries. 21 Grams is a provider of outbound mailing offerings along with “optimized post(age) and parcel services,” according to the announcement.
Unifiedpost Group says it aims to become the top cloud-based platform for SMB companies developed on payments, identity and documents. The company runs and builds a platform that is solely on the cloud for administrative and financial services, according to the announcement.
Unifiedpost Group has grown significantly as of its 2001 founding to include offices in 15 nations across Europe, according to the announcement.
In separate news, IBM is purchasing European cloud implementation company Nordcloud of Finland. Nordcloud focuses on application transformation as well as managed services.
