US-based payments specialist acquires SecurionPay

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23.12.2022

Shift4, a publicly-traded global leader in commerce technology solutions, has revealed the acquisition of SecurionPay, a Swiss-based mobile-based payments provider and gateway its latest filing with the Securities and Exchange Commission. Shift4 paid a total of $125.9 million, including cash, stock, and potential contingent payments.

Founded in 2014 in Wollerau (Canton Schwyz), Securionpay (Online Payments Group AG) is the provider of stand-alone online and mobile-based payment services for developers. The cross-device payment platform enables businesses to accept online payments in 160 currencies through the checkout, translated into 23 languages.

In September this year, the Swiss startup was sold to Shift4 for $125.9 of the estimated total purchase consideration, net of cash acquired, as reported in its most recent quarterly filing with the Securities and Exchange Commission.

Shift4 is a Pennsylvania-based New York Stock Exchange traded company founded in 1999 and based in North America. A specialist in card present processing and technology solutions, Shift4 provides software providers with a single integration to end-to-end payments. The company processes more than 200 billion USD annually for its over 200’000 merchants, ranging from small-to-medium-sized businesses to large and complex enterprises across numerous verticals, including lodging, leisure, and food and beverage.

In addition to boosting its international expansion plans, the acquisition enables Shift4 to offer e-commerce merchants in the U.S. and Europe online checkout via an easy integration capability and gives the company the means to process payments in Europe.

Securionpay, on the other hand, will have the chance to expand its payment services to new markets, offering customers global coverage and more payment options. Existing customers will continue to benefit from the company’s products and services and get support from the current team.

“It is time now for a new exciting journey to begin. We are proud and honoured to become a part of #Shift4, an amazing company with an awesome team of payment professionals. Together we will be able to deliver the absolute best regarding both technology and service to merchants around the world,” Lucas Jankowiak, CEO of SecurionPay.

(RAN)

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