Banqup Group

Name

Banqup Group

Legal name

Banqup Group SA

Website

https://banqup.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Financial Workflow Automation Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Sales Financing (52222)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

akta.pro secondary industries

Customer Identity (KYC/CDD/EDD) & Onboarding (FSAMAMAA), Merchant & Payment Facilitator (PayFac) Underwriting / KYB (FSAMAMAJ), B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC), KYC/Client Due Diligence & Participant Onboarding Controls (FSAFAKAF)

Keywords

• E-invoicing platform
• Peppol access point
• Embedded payment services
• Financial workflow automation
• Digital compliance software

Headquarters

HQ city

La Hulpe

HQ country

Belgium

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform Subscriptions: Subscription-based SaaS platform for e-invoicing, e-payments, and financial workflow management targeting SMEs, accountants, and enterprises. The company has completed transition to a pure-play SaaS business, as credited by the Board to departing CEO Nicolas de Beco. ARR (Annual Recurring Revenue) targets are tracked as key covenant metrics: €22.5M for Q1-Q2 2026 and €25.0M for Q3-Q4 2026.
2. Transaction-Based Payment Fees: Embedded payment capabilities generating transaction fees through Visa Direct, virtual commercial cards, and payment processing. The platform connects invoicing with payment settlement, including payment links, direct debit (SDD) collections, and instant IBAN generation.
3. Professional Services & Implementation: Implementation and consulting services supporting enterprise deployments and ERP integrations, such as the SAP integration for Jumbo and DXC Technology partnership for customer support operations.
4. Peppol Access Point / E-Invoicing Services: Fees for Peppol Access Point connectivity enabling e-invoice transmission internationally and compliance with mandatory e-invoicing regulations across Europe (Belgium 2026, France September 2026, Germany/Spain 2027).

Pricing tiers

Go-to-market motion5 records

Distribution channels8 records

Marketing channels8 records

Core offering

Banqup Group provides a unified cloud-native SaaS platform that automates the financial workflow from e-invoicing through payment settlement and compliance reporting. The platform serves as a certified Peppol Access Point in over 30 countries, combines e-invoicing, e-payments, e-reporting, and e-trust (KYC/KYB and payee verification) capabilities, and operates a regulated payment institution (FSMA-licensed in Belgium). Products are sold via subscription to SMEs, enterprises, accountants, governments, and partner channels including banks, telecom operators, and accounting firms.

Product overview

Banqup Group operates as a pure-play SaaS provider offering a unified cloud-based platform for e-invoicing, payments, compliance, and business collaboration. The core Banqup Platform consolidates previously separate products—Unifiedpost (corporate), Crossnet (DACH region), Billtobox (Belgian SMEs), and original Banqup (international SMEs)—into a single integrated solution. The platform serves distinct user segments: Professionals/Freelancers, Businesses (SMEs), Enterprise, and Accountants, with specialized government-facing offerings through eFaktura World. Key functional modules include e-invoicing, e-payments, e-reporting, e-trust (KYC/KYB verification), and Peppol network connectivity. Regional offerings include jefacture.com for France and Adminbox for digital payslip management. Banqup Payments (the regulated entity) provides licensed payment services with Visa integration. The platform is positioned as an all-in-one alternative to disconnected financial tools, supporting over 30 countries with compliance automation for mandatory e-invoicing mandates across Europe.

Differentiator

Problem solved

Functional benefit

Brands

• Banqup: All-in-one platform for invoicing, payments, compliance, and collaboration for SMEs, enterprises, accountants, and partners.
• jefacture.com
• Crossnet
• Billtobox
• eFaktura World

Products and services

• Banqup Platform A unified all-in-one cloud-based SaaS platform for invoicing, payments, compliance, and business collaboration. Designed for growing businesses, global enterprises, and partners, supporting the full financial workflow from e-invoicing through payment settlement.
• Banqup Payments Banqup's regulated payment institution entity (Banqup SA), providing licensed payment services including payment processing, Visa integrations (Visa Direct, virtual commercial cards), and embedded payment capabilities. Offers PCI DSS 3.2 compliant payment infrastructure with fraud detection and 3D Secure authentication.
• Banqup Trust (KYC/KYB and KYP Verification) Identity verification services including Know Your Customer (KYC), Know Your Business (KYB), and Know Your Payee (KYP) verification. Uses tools such as itsme and Belgian eID for identity verification, multi-factor authentication, KBO/VAT number confirmation, and authorized representative confirmation to ensure secure onboarding and fraud prevention on the Peppol network.
• jefacture.com French e-invoicing platform powered by Banqup with official Plateforme Agréée (PA) certification. Provides compliant e-invoicing and digital workflow solutions specifically for the French market ahead of mandatory e-invoicing requirements.
• eFaktura World Comprehensive digital platform designed for tax administrations to implement e-invoicing and streamline both B2G and B2B tax reporting flows. Enables governments to manage digital compliance across their jurisdictions.
• Adminbox Digital payslip management service allowing users to securely send and store payslips in a protected digital environment. Enables employees to access their employment documents digitally.
• Banqup for Professionals Solution tier designed for self-employed businesses, freelancers, and SMEs who want to digitize their invoices and administrative tasks. Provides essential invoicing, compliance, and collaboration features including Peppol e-invoicing readiness for 2026 mandates.
• Banqup for Businesses Solution tier built for companies managing large invoice volumes requiring a reliable yet scalable solution to streamline financial processes. Offers advanced automation, workflow features, accountant collaboration, and integration with ERP and accounting software.
• Banqup for Enterprise Solution tier designed for large businesses requiring scalable, tailored financial solutions built to handle high invoice volumes and complex workflows. Includes ERP integration (SAP), treasury management, cross-border payments, and dedicated enterprise support.
• Banqup for Accountants Solution designed for accountants providing direct access to client data and enabling collaboration. Removes administrative hassle between accountants and clients with secure document sharing, automated workflows, and regulatory compliance support.
• Peppol Network Access Service Certified Peppol Access Point service enabling businesses to send and receive structured electronic invoices via the Peppol network. Ensures compliance with mandatory e-invoicing regulations in Belgium (2026), France (2026), Germany (2027), Spain (2027), and Croatia (2026).

Quantifiable outcome

• Custodial account activation reduced from 4 months to 1-3 working days for Verder Group's 15,000+ clients
• +6 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Scale indicators15 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Pagero: Pagero is a leading Peppol Access Point and e-invoicing network operator headquartered in Sweden, offering directly comparable e-invoicing, e-order, and Peppol connectivity services to enterprises and governments across Europe. Competes head-to-head with Banqup for cross-border compliance mandates and large enterprise contracts.
• Basware: Basware is a Finland-based AP automation and e-invoicing SaaS platform serving mid-market and enterprise customers globally. Directly comparable in target customer (finance/AP teams), core product (e-invoicing, AP automation), and go-to-market (enterprise field sales with partner channel).
• Tungsten Network: Tungsten Network operates a global e-invoicing and supply chain financing network, combining invoice automation with embedded trade finance. Closely aligned with Banqup's combined e-invoicing + payments + trade credit model and overlapping in European enterprise customer base.
• Tradeshift: Tradeshift provides a B2B e-invoicing and supply chain finance platform with embedded payments and trade financing capabilities. Comparable in product scope (e-invoicing + payments + financing) and target market (global enterprises and SMEs), with similar partner-led distribution model.
• Billtrust: Billtrust is a US-based order-to-cash and B2B e-invoicing/payments platform serving mid-market and enterprise customers. Comparable in AR automation, B2B invoicing, and embedded payments, though with a primarily North American customer base.
• Tipalti: Tipalti provides AP automation, global mass payments, and supplier onboarding for mid-market and enterprise customers. Comparable in payments + supplier management functionality, with overlapping mid-market and enterprise customer base in Europe.
• Yooz: Yooz is a cloud-based AP automation and e-invoicing platform targeting mid-market customers and accountants, primarily in France and Europe. Directly comparable in product (e-invoicing, AP automation), target segment (mid-market and accounting firms), and regulatory positioning for European e-invoicing mandates.

Broad incumbents

• SAP Ariba: SAP Ariba is the dominant enterprise procurement and invoicing platform, part of SAP's broader ERP portfolio. Represents the broad incumbent competitive threat as it embeds native Peppol/e-invoicing capabilities, potentially commoditizing Banqup's standalone e-invoicing layer for SAP customers.
• Coupa Software: Coupa is a broad business spend management platform (AP, procurement, expenses) serving global enterprises. Competes for the same enterprise financial workflow wallet as Banqup, with deeper ERP integration but less focus on the SMB/regulated payment institution layer.

Emerging players

• Corcentric: Corcentric provides AP automation, procurement, and B2B payments, with an emerging European footprint. Comparable in mid-market AP automation and embedded payments, with growing competitive overlap in European enterprise accounts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/banqupgroup
• Xx.com/banqupgroup
• Facebookfacebook.com/Banqup

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries7 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A9 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banqup Group