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Quadient acquires accounts receivable automation fintech YayPay

Monday 3 August 2020 12:41 CET | News

France-based Quadient has announced the acquisition of US-based SaaS accounts receivable (AR) automation solution provider YayPay. 

The acquisition of YayPay will expand Quadient’s Business Process Automation offer, complementing its cloud-based platform Quadient Impress, a multichannel document automation platform for small and medium businesses. The purchase price, excluding transaction-related costs, amounts to more than EUR 17 million. The acquisition will be financed entirely in cash, without recourse to additional debt.

YayPay, founded in 2015, provides a combination of automated invoice delivery paired with collections management, credit assessment, payment, and cash application solutions, delivering a cloud-based platform to more than 3,000 users globally. YayPay’s solution also combines real-time reporting with artificial intelligence to provide companies insight into future payer behaviour and how it impacts their cash flow, according to the official press release.

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Keywords: Quadient, YayPay, France, accounts receivable automation, AR automation, fintech, business process automation, cloud-based platform, Quadient Impress, SMEs, automated invoice delivery, payments
Categories: Banking & Fintech
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Countries: World
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