Hopp family invests in mobile payment solution provider Bluecode

The Hopp Family Office brings another boost to the development of optical mobile payment solutions made by the Fintech Bluecode. In a financing round signed by new and existing investors, Bluecode receives new funding worth €20 million. “For us, the importance of supporting the European payment sector is very obvious”, says Daniel Hopp. “It is not sufficient to constantly be talking about the threat that non-European payment providers pose. We have to actively develop viable alternatives. Bluecode does not only make certain that value created in Europe stays in Europe; Bluecode also makes it possible to implement privacy standards within the mobile payment sector that comply with Europe’s understanding of data protection.”

The Hopp Family Office and Bluecode have been working together for a while. At the SAP Arena, fans of the eight-time German ice hockey champion, Adler Mannheim, can pay cashless thanks to Bluecode. The SAP checkout software (Customer Checkout solution) for the sports and entertainment industry used in the stadium offers Bluecode by default.

Last year, more than 300 Austrian financial institutions joined the European payment network by Bluecode. Recently, new retail and technology partners such as Unser Ö-Bonus Club GmbH, Huawei in Austria and Germany, and Germany's largest drugstore chain, Rossmann, have become part of the Bluecode ecosystem.

Bluecode will use the capital from the investment for the expansion of its value-added mobile payment ecosystem in Austria and Germany. Additionally, the company will strengthen its offering as technology partner for the European banking and commerce sectors. Consumers will be able to make contactless payments via Bluecode at even more points of acceptance at retailers, restaurants and bars as well as hotels.

Experienced Swiss manager COO of Blue Code International

Bluecode’s holding company BC Capital is registered in Switzerland. In addition, Blue Code International AG operates out of Schwyz. Mirko Thomas Oberholzer, the COO of Blue Code International is based in Switzerland and has many years of experience in the payment service and card business. As Head of Legal at SIX Group, he was responsible for building up the European acquiring business. For the Swiss Cornèr Bank (Lugano) he built up the international card issuing business. The Swiss commercial register also shows that the company seems to have expansion plans beyond Europe. In 2019 the Blue Code Emerging Markets AG had been incorporated.