Mail to Pay, an innovative supplier of credit management software has secured an investment from Vortex Capital Partners to further fuel its rapid growth.
Within the next five years, Mail to Pay aims to hold a dominant position in Northwest Europe in the delivery of debtor process automation software. With the investment, Vortex Capital Partners acquires a substantial minority share.
Vortex Capital Partners and Mail to Pay fit together very well, according to Rody Heijstek, CEO of Mail to Pay. “With a capital-strong party like Vortex, we have the strength and resources we need to execute our further growth plans. In addition, Vortex specialises in growing innovative companies such as ours. I am very much looking forward to working with the Vortex experts.”
Vortex Capital Partners is an investment fund that focuses on fast-growing medium-sized companies with a technological distinctive character that are positioned (headquarters) in the Benelux area. Evert Jan de Groot, Partner of Vortex: “The management and founders of Mail to Pay have grown the company in 7 years into a strong, disruptive player in the Dutch debt collection market. We look forward to growing the company with the young and motivated team to become a dominant player in Northwest Europe.”
Mail to Pay currently processes more than 10M payment requests per year for its clients. These payment requests are sent using smart algorithms via e-mail, SMS, chat, print and interactive voice calls. Mail to Pay facilitates more than €650M per year in payments for its clients and works mainly with companies such as energy suppliers, water suppliers, housing corporations, web shops, healthcare insurers and collection agencies.