BillSAFE – Minority Investment by PayPal
October 2010. With immediate effect, PayPal and BillSAFE will be offering a joint online invoice payment solution to e-commerce customers. Corporate Finance Partners – now ACXIT Capital Partners – acted as the exclusive adviser to BillSAFE and its shareholders.
The partnership, which was established via a capital increase in BillSAFE by PayPal, is aimed to provide online retailers with an easy and future-proof option to offer invoice payment within their payment portfolio to their customers. Retailers now have the option to provide their consumers an invoice payment option with the known PayPal security level.
“As an innovative company, whose greatest asset is security, PayPal is now looking to offer the online invoice payment option in order to raise even more trust in e-commerce. We see the partnership as a joining of best-practices and know-how. With BillSAFE, we are clearly aiming for market leadership in online invoice payment. The customer can decide which way she or he would like to pay. And whichever way she or he choses, with PayPal they receive the service and the unique security that PayPal is known for.”
– Renier Lemmens, General Manager PayPal Europe
“With the BillSAFE transaction, CFP once again demonstrates its high spectrum of specialized knowledge in the Internet sector. We are happy for our client that the strategic investor Paypal will accelerate the expansion of the innovative payment solution of BillSAFE”
– Julian Riedlbauer, Managing Director of Corporate Finance Partners
Founded in 2006, BillSAFE is a specialized factoring company for the processing of invoice based e-commerce payments. BillSAFE provides both the seller and the buyer complete security in the online payment processing with its online invoice payment solution. Sensitive account or credit card information are no longer required from customers for the online payment. At the same time, the seller receives full protection against default of payment. (www.billsafe.de)
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 90 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later. PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore. (www.paypal.com)
About ACXIT Capital Partners
ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, we offer our clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, debt and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Zurich, Vienna and Hong Kong as well as strong alliances in China, India and the USA.
To date, we have completed more than 350 transactions with a total deal/financing volume of approx. EUR 17bn. Our clients are corporations, family-owned businesses, entrepreneurs, financial sponsors and family offices. While our home market is in the German speaking region, most clients are international and transactions cross-border. (www.acxit.com)
ACXIT Capital Holding GmbH
60323 Frankfurt am Main
Dr. Ingmar Ackermann, Managing Partner