2 Acquisitions in the Billing industry

January 16, 2023

Company acquisitions in the Billing industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 2 acquisitions that took place in the Billing industry.

Payment Assist acquired by Openpay

Details about the transaction:

Acquisition amount: $28,500,000

Announcement: 22 June 2021

Details about the company:

With no interest and simple monthly installments, Payment Assist offers a fix your car now, pay later alternative.

Headquarter:

Where to find them: Website

Industry: Billing, Financial Services, Payments

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

Reckon acquired by The Access Group

Details about the transaction:

Acquisition amount: $100,000,000

Announcement: 19 May 2022

Details about the company:

Accounting software is provided by Reckon to accountants, bookkeepers, small and medium-sized enterprises, and individual consumers.

Headquarter:

Where to find them: Website

Industry: Accounting, Billing, Computer Vision, Finance, Information Technology, Personal Finance, Software

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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Ray Preston

Ray is the VP of Sales at Flippa and has a passion for helping buyers find their dream digital asset, and helping sellers find a successful pathway to exit. Ray is motivated to create a more intuitive way to buy and sell online businesses, with success in managing multi-million dollar deals.