German online payment firm Heidelpay, which is backed by private equity firm AnaCap Financial Partners, has bought Austrian payment service provider (PSP) mPAY24.

mPAY24 was established in 2001 and is headquartered in Vienna. The firm specialises in offering e-commerce technical payment processing services, with its platform currently being used by more than 2,000 merchants.

Commenting on the deal, AnaCap managing director Tassilo Arnhold said: “mPAY24 joins our leading DACH payment service platform as we seek to establish a true omni-channel and multijurisdiction payment solutions provider, and entry into the Austrian and wider DACH market is a significant milestone for heidelpay.”

mPAY24 is the second takeover by Heidelpay since AnaCap’s acquisition of a majority stake in Heidelpay.  The acquisition of Heidelpay was first announced in January 2017 and completed in September of the same year.

In October 2017, Heidelpay snapped up German POS payment specialist StarTec.

Heidelpay group founder and CEO Mirko Hullemann added: “This symbolises yet another milestone in executing our e-commerce payment service growth strategy. With this merger, heidelpay can now offer its market-leading payment solutions to mPAY24’s valued merchants.”

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By GlobalData