Berlin - 17. January 2017

  • International banking and insurance group invests multi-million-Euro amount and adds extensive product expertise and far-reaching base for potential new customers
  • Valuation of OptioPay rises rapidly, significantly exceeding expectations
  • With the completion of this latest funding, OptioPay extremely well capitalized to further accelerate its growth trajectory

OptioPay GmbH, a portfolio company of public investment firm Auden AG, has further strengthened its position as a key value driver within Auden's portfolio holdings. In a recent funding, an international banking and insurance group committed to invest in the mid-single-digit million Euros. The funds will come in the form of a convertible loan which, coincident with OptioPay's next formal financing round, convert into equity at a pre-agreed valuation.

Through this additional funding and pro-rata commitments by existing investors, OptioPay has secured more than half of its EUR 20 million target for the financing round forthcoming in late 2017. OptioPay's expected valuation in that round has, as a result of the recent funding been upward-adjusted, raised to EUR 85 million.

'The new strategic investor ideally complements the existing syndicate. In addition to extensive product expertise, the financial services group offers far-reaching potential for establishing new customer contacts while allowing OptioPay to further accelerate its product development', explains Christofer Radic, Chief Executive Officer of Auden AG. 'The next funding round for OptioPay was slated for the second half of 2017, hence we are very pleased with the timing as well as amount committed. The larger round, aiming for a total of EUR 20 million, will be easier to hit while new capital will go in at an even higher valuation than originally expected. As OptioPay now looks at the year ahead, the company is accelerating its growth plans, especially as it moves into new market segments in Germany and internationally. With Auden AG's total ownership interest in OptioPay of slightly over 20 per cent, including both direct and through options, we are delighted about these developments and the impressive growth plan the company anticipates.'

Auden AG published this content on 17 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2017 07:36:06 UTC.

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