2 Acquisitions of Companies in the Billing Industry

January 15, 2023
Acquisitions Hub

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:

Melton Mowbray, Leicestershire, United Kingdom

Where to find them:

Industry:

Billing, Financial Services, Payments

Details about the buyer:

A fintech startup called Openpay creates online payment solutions with buy now, pay later options.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

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:

Sydney, New South Wales, Australia

Where to find them:

Industry:

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

Details about the buyer:

Software development and consulting firm The Access Group offers completely integrated corporate management applications.

Headquarter:

London, England, United Kingdom

Where to find them: