Unifiedpost Group and Crossinx team up to boost European expansion

By Megha Bhattacharya

European FinTech Unifiedpost Group today announced the acquisition of Crossinx GmBH. The acquisition will allow the combined group to offer full order-to cash and procure-to-pay solutions to small businesses, medium-sized corporates and large enterprises. The company will also gets access to the German market, along with the DACH region and Hungary.

Marcus Laube, CEO and founder of Crossinx said, “The combined networks of Unifiedpost and Crossinx will create a game-changer in the market. The joint cloud network will also include Artificial Intelligence and Blockchain and will enable corporates to communicate between each other and use a variety of services – based on a single connection.”

According to Unifiedpost, its network will now include almost 1 million businesses, including small businesses, mid-size businesses and large corporates. Crossinx customer base will be leveraged especially by Unifiedpost’s payment and Supply Chain Finance solutions. Whereas Unifiedpost customers benefit from process automation in the areas such as invoice approval, order reconciliation and worldwide tax compliance.

Hans Leybaert, CEO and founder of Unifiedpost said, “The acquisition of Crossinx means a significant expansion of Unifiedpost. Not only do we strongly enlarge our geographical footprint in the DACH region, which is crucial for our pan-European roll out in 26 countries this year. Moreover, important and new synergies are created by this combination of businesses. This will result in an enriched value proposition across e-procurement, e-invoicing and payments, covering the full order-to-cash and procure-to-pay cycles, to all customer types in Europe.”

“I look forward to the close collaboration with the management of Crossinx, as they will become a valuable part of the Unifiedpost team. Marcus Laube, CEO and founder of Crossinx, is a well-known pioneer of e-Invoicing and Co-Chair of EESPA (European e-Invoicing Service Provider Association) and will also join Unifiedpost`s Executive Board.”