Sandpiper Digital Payments closes financing round to further boost business development
Sandpiper Digital Payments, a Mountain Partners portfolio company, announces a successful capital increase of 43 million new shares with shareholder subscription rights.
The capital increase totals 43,288,684 bearer shares, increasing the company’s registered share capital to 211,695,028 shares. Trading of the new shares is scheduled for December 9th, 2016.
Dr. Cornelius Boersch, President of Sandpiper, comments on the successful placement: “With the extra funds available, we are able to implement our “Buy and Build” strategy consequently and pursuing several strategic options and growth opportunities for 2017″.
Sandpiper Digital Payment is already today one of the largest providers of closed-loop payment systems in Europe. The company’s solutions provide safe and intuitive payment technologies based on RFID/NFC and mobile applications for markets such as retail, education, stadium, and events.