The largest single shareholder intends to continue growth in Europe
Eschborn, 11 May 2016. Concardis GmbH, one of Europe’s leading payment service providers, has strengthened its position at orderbird, the leading iPad cash till system for restaurants in German-speaking Europe. The round of Series C financing of Metro Group and Digital+ Partners amounting to EUR 20 million is supported by Concardis in the form of a secondary listing. With a share of 20 per cent, Concardis is now the largest individual shareholder of orderbird.
This shareholding serves the internationalisation strategy of Concardis. The company is already the payment partner of the orderbird cash till system. Concardis intends to use the internationalisation of the cash till provider for its own expansion into Europe outside of Germany. ‘For us, the shareholding’s meaning is twofold: first, we are gathering experience in the expansion of industry-specific payment systems. These solutions are becoming more and more important because ‘payment’ is more than simply paying – it is a part of communicating with customers. Therefore, it needs to become more specific and more individual. Second, this shareholding helps us drive our own internationalisation with strong and absolutely professional partners. We look forward to the continued partnership,’ Marcus W. Mosen, CEO of Concardis, commented on the reasons for the share in the capital increase.