July 2024
Sole Financial Adviser
€55 million
Minority investment in Payt 

Partech

Sole Financial Adviser

Van Lanschot Kempen acted as Sole Financial Adviser to Partech in its €55 million investment in CFO office software company Payt

Transaction highlights

  • Payt, a category leading accounts receivable SaaS company with a strong presence in the SME and mid-market, receives a €55 million strategic investment by the global technology investor Partech
  • The company is a market leader in the Benelux and aims to accelerate its ongoing European expansion, including in Germany and the UK with the support of Partech
  • The investment in Payt has been made by Partech’s Growth fund. Other investments of Partech’s Growth fund include highly successful tech companies like Amboss, Billogram, Brandwatch, Brevo, Channable, Ecovadis, M-Files, Studocu and Weglot
  • As Sole Financial Adviser to Partech, Van Lanschot Kempen’s Tech & FinTech team added value throughout the entire investment process, from identification of the opportunity to execution and closing of the transaction
  • CFO office software has been a core focus area for Van Lanschot Kempen’s Tech & FinTech team and this transaction marks the next transaction in the sector and underscores the sector expertise of the team

About Payt

  • Payt is a category leading accounts receivable SaaS company with a strong presence in the SME and mid-market
  • The end-to-end accounts receivable SaaS solution includes e-invoicing, intelligent dunning, collection, dispute management, credit checks, and various other functionalities, and is integrated with many accounting software packages
  • Payt has over 13,000 clients across the Benelux, Germany, UK & Ireland, as well as other countries
  • The company has an impressive growth track-record supported by strong SaaS metrics and aims to accelerate its international expansion
  • Payt was founded in 2012 and bootstrapped until Partech’s investment and will continue to be founder-led

About Partech

  • Partech is a leading global tech investor with a portfolio of over 220 companies in 40 countries across four continents
  • Within technology, Partech invests across sectors and themes, such as AI, Applicative SaaS, Climate Tech, Consumer Tech, Financial Services, Food & Agritech, HealthTech, Industrial, Energy & IoT, Infrastructure SaaS and Marketplaces
  • Partech invests across different stages and has multiple funds & strategies including Seed, Venture, Growth, Africa and Impact
  • The teams of Partech are based in Paris, Berlin, Dakar, Dubai, Lagos, London, Nairobi, New York, and San Francisco 

Contacts

Lennart den Blanken Van Lanschot Kempen

Lennart den Blanken

Managing Director Tech & FinTech

l.denblanken@vanlanschotkempen.com

Willem Sieben

Director Tech & FinTech