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Unified Commerce: Unzer Acquires Tillhub and Unites Ecommerce with POS

Berlin, 13 April 2022 – Fintech company Unzer has acquired Berlin startup Tillhub. Unzer already acquired a stake in the POS solution specialist in 2020 and has now purchased the remaining shares.

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Tillhub specialises in innovative cloud-based till systems. The company has been collaborating closely with Unzer for the past two years. During this time, it became clear that joining forces presented a win-win situation for Unzer and Tillhub. This step allows Unzer to offer the full range of solutions required for unified commerce. In addition to an acquiring license, ecommerce payment solutions, and POS terminal technology, Unzer now has software that enables it to unite ecommerce and brick-and-mortar retail. The parties have agreed not to disclose the price of the acquisition.

Speaking about the acquisition, Unzer CEO Robert Bueninck said, “We’re pleased that Tillhub is now a part of Unzer. Our collaboration in product development and knowledge sharing with the Tillhub team have shown that both sides can benefit from a shared journey. Tillhub is innovative and develops flexible, scalable solutions for the point of sale. For Unzer, this step means that, in addition to an acquiring license, ecommerce business, and expertise in our payment terminal business, we are well on our way to offering a true unified commerce solution. For merchants and companies that do business both online and in physical stores, that makes us the ideal partner. I’m looking forward to the continued cooperation.”

“We are very happy to now be a part of Unzer. Both sides mutually benefit from this acquisition. Our goal is to seamlessly merge brick-and-mortar and online retail, and with Unzer we have the possibility to reach our full potential. We want to really take off in the field of advanced POS systems combined with smart, customer-friendly payment solutions, and we want to offer companies a wide range of services that can be quickly, easily, and flexibly adapted to individual needs,” explains Tim Seithe, founder and CEO of Tillhub.

About Unzer

Unzer is one of the leading payment companies in Europe. More than 70,000 merchants rely on the company's end-to-end solutions for greater growth – online, mobile, and at the point of sale. From international payment processing and risk management to analysis of customer behaviour, merchants can combine Unzer’s data-driven services on a modular basis. This means that merchants only need a single partner to make their payment systems flexible, innovative, and future-proof. Thanks to numerous strategic acquisitions in the last few years, Unzer has developed into one of the fastest growing fintech companies in Europe. Today, over 750 payment experts and tech enthusiasts work on helping merchants achieve sustainable growth in a dynamic market. KKR has been the majority shareholder of Unzer since 2020.

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About Tillhub

Since 2015, Tillhub has been supporting companies from a wide range of industries on their digitisation journey. To this end, Tillhub has developed smart, cloud-based POS systems that combine convention till functions with digital finance and management functions, marketing tools, and sales analytics. Thanks to their modular POS software, the till systems offer maximum flexibility and are the ideal solution for small and midsized businesses as well as large chain stores and franchises in any industry. Tillhub positions itself as a leader in POS technology and strives to go beyond the omnichannel approach with Unzer to offer the best unified commerce solution on the market. Many merchants use Tillhub solutions, including Klier, Mister Spex, and Fleurop.

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Press contact

Dr. Lydia Prexl (Director of Communications) +49 172 5638402