Cembra Money Bank AG: Acquires invoice financing provider SWISSBILLING SA
17.02.2017, Cembra Money Bank has reached an agreement to acquire 100% of the shares of SWISSBILLING SA, a Swiss-based invoice financing company with operations mainly in the French speaking region of Switzerland. Thanks to this acquisition, Cembra gains access to a best-in-class technology platform that will enable it to extend its range of financing solutions to a broader consumer base. This acquisition is in line with Cembra Money Bank’s strategy to build on its position as a leading consumer finance provider in Switzerland.
Robert Oudmayer, Chief Executive Officer of Cembra Money Bank, said: “SWISSBILLING has established itself as an up and coming player in the invoice financing market in Switzerland. SWISSBILLING will enable Cembra to expand the product offering to retailers and merchants. Next to personal loans and credit cards, their customers can also benefit from invoice financing solutions.”
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