Quadient Announces Acquisition of Leading FinTech Company YayPay, Specialized in Accounts Receivable Automation
July 29, 2020
Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, announces today the acquisition of YayPay, a best-in-class and rapidly growing company at the forefront of SaaS accounts receivable (AR) automation solutions. The acquisition of YayPay will expand Quadient’s Business Process Automation offer, notably complementing its cloud-based platform Quadient® Impress, a multichannel document automation platform for small and medium businesses.
As part of its Back to Growth strategy announced in 2019, Quadient shared its intention to seize bolt-on acquisition opportunities which, together with organic growth in selected business segments, would contribute to scale the company’s major offers. Expanding Business Process Automation’s portfolio into accounts receivable automation is another demonstration of the disciplined execution of the company’s strategic plan.