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XMDS ACQUIRES KUARIO

XMDS acquires self service payment provider KUARIO as a next steppingstone in its ambition to become a top European fintech player

XMDS Holding, a European software company active in the field of fintech and faretech with affiliates Ximedes, Pecunda, Vayapay and Ginger continues to build its European portfolio with the acquisition of KUARIO, the leading Dutch based self-service payment provider.

XMDS was established in 1998 to build bespoke software, focusing on Open Banking and Open Public Transport systems. In the past few years, XMDS has done a series of strategic acquisitions to become a top European fintech leader. With its fintech proposition like the Ginger white label ecommerce payment gateway, the Vayapay EMV gateway and its closed loop payment solution Pecunda, XMDS helps banks and corporates to build new services, leveraging the possibilities of fintech-solutions.

KUARIO's Cloud-based Platform makes it the ideal crossroad between Cloud Service Providers and Financial Institutions

KUARIO fits right into this strategy. The cloud based KUARIO platform supports app-based account-, identity-based payment transactions including device management and monitoring & reporting. KUARIO helps clients to keep all transactions under one roof, simplifying financial management, KUARIO integrates with everything and everyone and no software must be installed locally.

The KUARIO platform is licensed under the Payment Services Directive for the following payment services; execution of payment transactions and services relating to the issuance of payment instruments and/or acceptance of payment transactions. KUARIO positions itself on the crossroad of cloud service providers and financial institutions. Typical implementations are self-service examples like printing, laundry, lockers and vending machines.

KUARIO is a fast-growing payments company trusted by tier-1 companies, with clients like Epson, HP, Ricoh, Konica Minolta, Xerox Hochschule Esslingen, Swiss Post, Wageningen University, ROC Nijmegen. Based on this solid clientele base in Europe, and together with the XMDS payment products, it plans to expand further across Europe.

Photo: CEO XMDS , René Hodde (left) and CEO INEPRO /KUARIO, Ritske Clewits (right)

With the KUARIO acquisition, XMDS is providing end-to-end solutions

This acquisition strengthens XMDS’s ability to deliver end-to-end solutions to the market by combining a SaaS-based payment solution with its existing software development capabilities and the other Payment product offerings. Especially the combination with Pecunda offers current Pecunda customers a great migration scenario to open loop payments. The deal comes as digital payments transaction volumes continue their robust growth following the trend to more self service kiosks, placing more pressure on payment companies to deliver a better customer experience through integrated payment solutions.

XMDS founder and CEO, René Hodde, stated:

“KUARIO's commitment to technology, simplicity, and transparency perfectly aligns with our own values. The KUARIO app is user friendly and a robust payment interface. I am looking forward to helping our existing and future customers by offering license-based payment services in the most efficient and fastest way possible.”

inepro’s / KUARIO's CEO, Ritske Clewits, commented:

"We're proud that KUARIO has grown into a trusted partner for major clients like Ricoh and Konica Minolta worldwide. With growing digital payments volumes following the trend to more self-service kiosks, we are making it our priority to offer a complete mobile payment solution. The combined forces of the XMDS payment capabilities with KUARIO's SaaS proposition create a strong fintech ready for its next phase, it's rollout through Europe.”

XMDS reinforcement with KUARIO fits into its series of strategic investments to become a top European fintech player. Other recent purchases include the recently founded Vayapay, Tapconnect, and Pecunda, all innovative firms accelerating FinTech and FareTech product propositions. Parties are not disclosing the terms of the acquisition.

XMDS is actively supported by its shareholder Cape Investment Partners (CIP) - an entrepreneurial investment platform based in Amsterdam that supports ambitious management teams to realize growth initiatives in a sustainable, balanced and long-term manner. CIP continues to bring resources to support the delivery of XMDS’ ambitious plans.

About XMDS

XMDS is a Fintech and Faretech firm that builds via her brand Ximedes, bespoke software solutions focused on Open Banking and Open Public Transport systems. XMDS was founded in 1998 and is headquartered in Haarlem, the Netherlands. XMDS is currently active in the Netherlands, Germany, Scandinavia, and aims to provide its innovative transaction-based products and services throughout Europe. As a fast-growing player in the fintech industry, XMDS helps banks build new services to stay competitive in the fintech market. In the faretech market, XMDS is revolutionising the mobility industry by providing technology solutions that enable a variety of services ranging from mobile ticketing to Mobility-as-a-Service. For more information, visit our website Ximedes or follow us on LinkedIn.

About KUARIO

KUARIO is an innovative mobile payment platform for self service kiosks, vending, printing and catering. The cloud based KUARIO platform supports account-, identity-based payment transactions including device management and monitoring & reporting. KUARIO is a spin-off of inepro B.V. The company differentiates itself by being fully cloud-based, offering clean and simple APIs, and a transparent SaaS model. To learn more visit our website KUARIO.

About Cape Investment Partners

Cape Investment Partners (CIP) is an entrepreneurial deal-by-deal investment platform with a consistent focus on transitional tailor-made value creation potential. CIP manages assets in value over EUR 150m in direct investments. The partners at CIP build on a combined experience of over 50 years in private equity investments with a top tier direct investment track record. CIP’s deal-by-deal model offers optimal alignment of interest for both investors and entrepreneur, next to a more tailormade approach regarding long term value creation processes. CIP deploys own capital and has built access to a substantial pool of funds of successful entrepreneurs and high net worth families and individuals.