Compass, the consumer credit arm of Mediobanca Group, has acquired HeidiPay Switzerland AG to expand its operations in the Swiss market. This acquisition will enhance Compass’s buy now, pay later (BNPL) business and enable the development of an international product offering.
Facts
- Mediobanca’s Compass has acquired 100% of HeidiPay Switzerland AG from parent company HeidiPay.
- The acquisition allows Compass to become a consumer credit operator in the Swiss market through HeidiPay Switzerland’s distribution license.
- Compass holds a 19.5% stake in HeidiPay and aims to consolidate its partnership through this acquisition.
- HeidiPay Switzerland specializes in developing digital platforms for BNPL services in e-commerce and physical merchant settings.
- HeidiPay Switzerland has over 400 commercial agreements with distributors, brands, and technology operators.
- Compass intends to leverage its risk management tools, customer database, and PagoLight digital BNPL solution to make its business scalable and sustainable.
- The deal also lays the foundation for Compass to expand its consumer credit product offering internationally and strengthen its presence in multi-country markets.
