Tuesday 31st August, 2021
Serrala a fast-growing global financial automation and B2B payments software company has announced that it has secured a majority investment from Hg, a leading global software and services investor.
Following the transaction, Serrala’s CEO Sven Lindemann and existing investor, Waterland, will continue to support the business and remain as significant minority shareholders in the business.
As a global software provider, Serrala automates and optimises financial processes for companies of all sizes, allowing them to save costs, to minimise fraud risks and to gain additional process transparency. Through innovative solutions, Serrala enables the automation of incoming and outgoing payments and invoices as well as cash management processes.
“The investments made in cooperation with Waterland expanded both, the functional range of services and the technological portfolio to include cloud solutions. Today, this forms a unique platform that represents the digital ‘Office of the CFO’, where financial processes and payments are automated and optimised. Building on our strong organic and inorganic growth, as well as our investments in cloud technology, we are proud to welcome Hg to the team for this new chapter of our success story. As a specialist software investor, with a track record of growing technology businesses, they will work alongside the Serrala team to take the business to the next level”, says Sven Lindemann, CEO of Serrala.
The terms of the transaction have not been disclosed and completion is subject to closing conditions.