Reepay Joins Forces with PSG-backed billwerk
Summary
The combination of Reepay and billwerk is expected to create a scalable subscription management and payment software product suitable to service businesses of all sizes, ranging from SMBs, SMEs to global enterprise stage companies. Dr. Ricco Deutscher, CEO and Co-Founder of billwerk, said: “We are excited to combine forces with Reepay as we believe the company’s product suite can take our existing offering to the next level and help make us a European leader in subscription management. “We believe that the combination will help us move closer to our shared objective of creating a leading subscription management and payment service provider in Europe,” noted Ole Borup, CTO and Co-Founder of Reepay. Its subscription management platform is currently used by several hundred midsize and enterprise customers as well as fast expanding start-ups across Germany, Switzerland and France, with a growing presence in other European regions including the Nordics and Benelux. Having backed more than 85 companies and facilitated over 325 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology and a firm commitment to collaborating with management teams.
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