Electronic Payments has acquired Handpoint for an undisclosed amount, a move that significantly expands its capabilities in the rapidly evolving payments sector. Handpoint is recognized for its embedded payments technology, which empowers Software-as-a-Service (SaaS) businesses to accelerate their global growth and enables financial institutions to master unified commerce. This transaction marks a strategic expansion for Electronic Payments.
Handpoint’s platform specializes in enabling SaaS companies and payfacs to embed omni-commerce payment solutions directly into their offerings. This includes support for in-person, online, and in-app transactions across multiple international markets, including the UK, EU, US, Canada, and South Africa. Their technology provides clients with direct recurring revenue streams, a comprehensive unified commerce platform, and real-time analytics, all built on a flexible, cloud-based API architecture.
The acquisition of Handpoint by Electronic Payments is a strategic move aimed at enhancing the latter's portfolio with advanced embedded payment capabilities. Electronic Payments gains Handpoint’s modern technology stack and established global reach, allowing it to offer more integrated and sophisticated payment solutions to its own clientele. This is an acquisition where Electronic Payments has bought Handpoint, not a funding round for Handpoint.
Expected synergies include the ability for Electronic Payments to provide a more robust and expansive suite of unified commerce solutions, particularly for SaaS providers and financial institutions seeking to optimize their payment ecosystems. The combined entity is poised to strengthen its position in the global payments landscape, offering enhanced tools for seamless and integrated transaction processing across diverse channels and geographies.