France-based fintech Sidetrade has signed a binding agreement to acquire 100% of the share capital of EzyCollect, an Australian order-to-cash (O2C) management platform serving small and mid-sized businesses.
The transaction is valued at approximately €37 million, including “an initial payment upon closing and a potential earn-out based on revenue growth through 2028”, Sidetrade says.
The deal is expected to close by the end of October subject to customary closing conditions and the purchase of minority interests.
The acquisition will be financed by Sidetrade through available cash and a €25 million bank loan at a fixed 3.1% interest rate secured through hedging instruments.
Sidetrade says the deal will enable the company to “expand its footprint to the Asia-Pacific region”. Led by CEO and founder Olivier Novasque, Sidetrade provides O2C applications, including its flagship agentic AI system Aimie, that help businesses across Europe and North America manage their accounts receivables and cash flow.
EzyCollect, founded in 2014 in Sydney, brings to Sidetrade cloud-based O2C solutions specially designed for small and medium-sized businesses. Serving over 1,100 clients while managing around AUD 18 billion in business-to-business receivables, the company currently operates throughout Australia and New Zealand and “recently began its expansion into the US”, Sidetrade says.
With an integration of the two complementary systems commencing retroactively as of 1 October this month, the merged companies will assume a “follow-the-sun” model, with EzyCollect’s management team to continue leading sales efforts under the EzyCollect by Sidetrade brand.
EzyCollect marks Sidetrade’s tenth and largest acquisition to date, following the $16 million purchase of document exchange solutions provider Amalto in 2021 and credit risk management company CreditPoint Software last year, both of which Paris-headquartered Sidetrade used to bolster service delivery in North America.
Source: https://www.fintechfutures.com/
