Munich, June 18, 2020 – Tillhub, an investment of Mountain Alliance AG (MA, ISIN DE000A12UK08), was able to win heidelpay Group as a new investor. The Fintech company, in which the financial investor KKR holds a majority stake, has taken a stake in Tillhub as part of a financing round. Financial details and the extent of the investment were not disclosed.
Tillhub is a SaaS provider of mobile cloud-based PoS-systems for the chain-based retail industry. In the course of the transaction, the share of Mountain Alliance AG in Tillhub is diluted from about three percent to about two percent.
"Due to the increasing depth of digitalization in the retail sector, the markets have been noticing a high level of interest particularly in cloud-based POS solutions. We are very pleased that Tillhub has attracted another well-known investor, in which KKR, one of the world's largest investment firms, has a majority stake. Tillhub provides a decisive link between payment and checkout for full-service providers in the digital payment sector. I am convinced that the transaction will further drive the scaling and internationalization of Tillhub", says Daniel Wild, CEO of Mountain Alliance AG.
