Unifiedpost
Public · 4 known investors
Unifiedpost Group (rebranded as Banqup) provides digital automation and compliance solutions for invoice management, payment processing, and tax reporting. The company serves businesses globally with tools to digitalize procure-to-pay, order-to-cash, and invoicing processes while ensuring compliance with local tax and e-invoicing regulations.
Also known as Banqup · Banqup Group SA · UnifiedPost · Unifiedpost Group · Unifiedpost Group SA
Investors · 4
Also in the syndicate · 2
Company profile
researched Aug 2026Unifiedpost Group is a Belgium-headquartered fintech that operates a cloud-based platform for digitalising the financial supply chain of businesses and governments. Its service lines cover electronic invoicing, payments, procure-to-pay, order-to-cash and e-reporting for tax compliance, delivered through mobile and web applications, software integrations and documented APIs within what the company describes as a trusted, tax-compliant business network. The group positions its offering around three pillars — "Documents", "Identity" and "Payments" — and provides a global compliance checker summarising country-level e-invoicing and e-reporting mandates.
The company was founded in 2001 in Belgium by CEO Hans Leybaert with an initial focus on document processing technology, and expanded through both organic growth and acquisitions into payment solutions, financial services, app management, identity recognition, document signing and automated accounting. Unifiedpost Payments, a wholly owned subsidiary, is recognised as a payment institution by the National Bank of Belgium, and the group is a certified Swift partner. Unifiedpost Group SA has been listed on Euronext Brussels (ticker UPG) since September 2020.
The group is transitioning to a single brand: its websites state that Unifiedpost is now Banqup, consolidating its tools under one brand, and the parent entity is referred to as Banqup Group SA in a March 2026 transaction announcement.
Founding story
"UnifiedPost" was founded in Belgium in 2001 by Hans Leybaert, who remains CEO, with a central focus on document processing technology; the business later broadened well beyond document processing.
Business model
Unifiedpost sells cloud-based, largely subscription and transaction-oriented services for document processing, e-invoicing, payments and tax e-reporting to corporates and SMEs, with a one-stop-shop platform (Banqup) rolled out across European markets. Revenue was described as predominantly recurrent in 2018, and 2023 group revenue was €191 million.
Cloud platform services for invoicing, payments, procure-to-pay, order-to-cash and e-reporting sold to corporates and SMEs; 2023 group revenue was €191 million, and turnover was described as predominantly recurrent when it was €26 million in 2018.
Traction
Reported key figures include 500 million+ documents processed, 2,500 large corporates, more than 1,000,000 SMEs, 30+ countries (33 offices per 2024 reporting), 1,200+ FTEs, and eight acquisitions over five years. Group revenue was €191 million in 2023. In 2018 the company reported €26 million consolidated turnover, 230 FTEs in Benelux and Eastern Europe (70 in R&D) and 200 million documents processed annually.
Latest developments
In July 2024 Unifiedpost Group closed the divestment of the stand-alone procure-to-pay products FitekIN and ONEA to Fitek Holding Oü, funded by Baltcap, for €7.2 million in cash, transferring 65 employees and establishing a mutual reselling agreement with Unifiedpost's Banqup business. The group is consolidating under the Banqup brand, with its websites stating that Unifiedpost is now Banqup. In March 2026, Link4 announced the acquisition of 100% of the shares of Singapore-based Unifiedpost Pte Ltd from Banqup Group SA, including assets and customer relationships; the Access Point accreditation of Unifiedpost Group and the IRSP accreditation of Unifiedpost Pte Ltd with IMDA are to terminate on 31 March 2026.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Described in its own materials and press coverage as a leading Belgian/pan-European fintech and cloud-based platform for SME business services, with a Euronext Brussels listing, 2,500 large corporate customers, over 1,000,000 SMEs and more than 500 million documents processed.
The company markets a single cloud-based open network combining document exchange, e-invoicing, identity recognition, payments and tax e-reporting, covering both large corporates and SMEs, with in-house payment institution status recognised by the National Bank of Belgium, Swift partner certification, and coverage of e-invoicing and e-reporting mandates across 30+ countries.
Technology
A 100% cloud-based, open network platform enabling real-time connections between customers, their suppliers, their customers and other parties in the financial value chain. Capabilities include document processing, e-identity and identity recognition, document signing, robotic/automated accounting with ERP integrations, payment processing via PAY-NXT, and centralised tax e-reporting, accessed through mobile and web applications, software integrations and documented APIs.
Go-to-market
Direct and partner-led distribution of platform services, supported by country-specific websites across Europe and selected other markets, a partner ecosystem, and content such as compliance guides, case studies, a tax compliance newsletter and the Compliance Pulse podcast. Community-oriented solutions have been built with sector bodies, for example Billtobox.be launched with the Belgian Institute of Accountants and Tax Consultants (IAB).
Businesses of all sizes and governments, including large international corporates and SMEs across sectors such as banking, leasing, utilities, media, telecommunications, travel, social security service providers and public organisations, as well as accountants and their clients.
Geography
Headquartered at Avenue Reine Astrid 92A, 1310 La Hulpe, Belgium. The group reports offices in 33 countries, with branches listed across Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Morocco, Norway, Poland, Portugal, Romania, Serbia, Singapore, Slovakia, Spain, Sweden, Switzerland, the Netherlands, the United Arab Emirates, the United Kingdom and Vietnam, plus development and operations centres including Moldova and Timisoara, Romania.
History
Founded in Belgium in 2001 by Hans Leybaert around document processing technology, the company expanded to Luxembourg (2004) and the Netherlands (2008) and opened a development centre in Timisoara, Romania in 2009. Acquisitions followed: PowertoPay (2012, corporate payment hub), Finodis (2013, financial services), eID (2014), Zet Solutions (2015, identity recognition, document signing and community platforms), Nomadesk (2017, document sharing), Onea (2017, ERP-integrated automated accounting), ADM Solutions and Inventive Designers (2018), and Fitek and Prime Document (2019, adding eight new markets). PAY-NXT launched in 2016, establishing the group as a payment institution. The company adopted the Unifiedpost Group identity in 2019, listed on Euronext Brussels on 22 September 2020 and launched the Jefacture digital accounting platform in France. In 2021 it acquired six companies — 21grams, BanqUP, Akti, Digithera, Sistema eFactura and crossinx — and expanded to about thirty countries while rolling out the Banqup SME platform. In 2023-2024 the group divested the non-core stand-alone products FitekIN and ONEA, and it has since rebranded to Banqup.
Risks & controversies
The group has been divesting non-core assets, including the FitekIN and ONEA stand-alone products sold in 2024 (€3.2 million 2023 revenue, break-even EBITDA) and the Singapore entity Unifiedpost Pte Ltd sold to Link4 in 2026, with related IMDA accreditations terminating on 31 March 2026.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 15
launches, deals, and filingsLink4 announced the acquisition of 100% of the shares of Singapore-based e-invoicing provider Unifiedpost Pte Ltd, including all assets and customer relationships. The Access Point accreditation of Unifiedpost Group and the IRSP accreditation of Unifiedpost Pte Ltd with IMDA terminate effective 31 March 2026.
Unifiedpost Group closed the sale of the stand-alone procure-to-pay products FitekIN and ONEA, including customer contracts and IP, to Fitek Holding Oü (funded by Baltcap) for €7.2 million in cash on a cash and debt-free basis (€1.2 million for shares, €6.0 million from asset sales). 65 employees transferred and a mutual reselling agreement was established with Unifiedpost's Banqup business. Closing announced 8 July 2024.
Six acquisitions completed in 2021, supporting expansion to about thirty countries and the rollout of the Banqup SME platform.
Unifiedpost Group listed on the regulated market of Euronext Brussels (symbol: UPG).
Secured the group's footprint in eight new markets.
Unifiedpost raised €25 million via automatically convertible bonds, bringing total venture capital raised since end-2014 to €43 million, including prior investment from PE Group and SmartFin Capital; PMV participated and Kempen & Co acted as financial advisor. Proceeds were earmarked for international expansion, product development, strategic takeovers and integrated payments.
ADM Solutions strengthened financial accounting integration; Inventive Designers added high-volume, omni-channel customer communications technology and consultative services.
Cloud solution for sharing financial and accounting documents between accountants and their customers, launched together with the Instituut van Accountants en Belastingconsulenten.
Nomadesk added document sharing and remote collaboration; Onea added automated accounting with ERP-integrated solutions.
Launched PAY-NXT, establishing Unifiedpost Group as a payment institution.
Brought community platform solutions and identity services; press coverage dates the ZET Solutions acquisition to 2016 and credits it with market leadership in e-recognition and e-invoicing in the Dutch agricultural sector.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 7
primary sources listed
- Unifiedpostunifiedpost.com · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Unifiedpost do?
- Belgian fintech operating a cloud platform for e-invoicing, payments, identity and tax e-reporting, now rebranded as Banqup.
- Who are Unifiedpost's investors?
- Unifiedpost's investors include Francisco Partners, SmartFin.