PEAC Solutions has acquired Berlin-based fintech firm topi, expanding its digital financing capabilities and deepening its presence in the growing “Hardware as a Service” (HaaS) market.
The deal, for an undisclosed amount, adds topi’s API-driven platform to PEAC’s offerings, enabling retailers and manufacturers to provide IT hardware subscriptions at the point of sale — online, in-store, or via call centres.
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Before its acquisition by PEAC Solutions, topi operated with a funding structure built on strategic partnerships. Its core financing partner was Australian investment bank Macquarie, which co-owned a special purpose vehicle (SPV) used to fund topi’s devices and provided the company with a €50 million facility. This setup enabled topi to offer device leasing without holding the physical assets on its balance sheet. The company also attracted €23 million in venture capital from Index Ventures and Creandum, backing its growth and product development initiatives.
PEAC confirmed that, as part of the acquisition, all of topi’s external debt facilities, including its arrangement with Macquarie, have been closed. Going forward, topi will be fully funded through PEAC, which acquired 100% of the company’s shares, meaning previous shareholders no longer hold any stake.
“The continued transformation of our industry towards ‘as a service’ based subscription models is undeniable,” said William Stephenson, global CEO of PEAC Solutions. He added that integrating topi would be “a massive differentiator” as the company pursues growth in technology and other target sectors.
Topi, which was a finalist for the Distribution Channel Management Champion of the Year award at the Leasing Life 2024 awards, will continue to operate from its Berlin headquarters, servicing customers in Germany, Austria, the Netherlands, and Belgium.
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By GlobalDataCo-founder and CEO Charlotte Pallua said joining PEAC Solutions would allow the company to “deliver even more value” by combining its technology with PEAC’s “financial strength [and] specialised market knowledge.”
PEAC Solutions plans to roll out topi’s tools across its international network in collaboration with original equipment manufacturers (OEMs) and reseller partners.
Topi was founded in 2021 by Pallua and Estelle Merle and is now a subsidiary of PEAC Solutions
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