Vert

What Vert does

Vert is a German payment acceptance and POS solutions provider, legally operating as FSDB Merchant Services GmbH and headquartered in Frankfurt. The company was established in 2021 as a joint venture between Deutsche Bank AG and First Data GmbH (now operating under Fiserv) to deliver Clover-branded card terminals and cloud-based point-of-sale systems to small and medium-sized merchants in Germany. Vert's product portfolio spans five Clover terminal form factors — Clover Pocket (€5.99/month) and Clover Flex (€9.90/month) for mobile acceptance, Clover Mini (€19.99/month introductory) for compact countertop use, and the forthcoming Clover Compact and Clover Station Duo for stationary and high-volume operations — together with the P2PE Zero security add-on, the Vert Portal for billing and account management, and the Clover Dashboard for multi-location reporting.

Under the hood, Vert operates on licensed Clover hardware and cloud POS infrastructure provided by Fiserv, with all transactions processed through First Data's BaFin-regulated acquiring platform. Differentiated technical features include PCI DSS Level 1 compliance, P2PE Zero end-to-end encryption, BSI-certified TSE fiscalization for German KassenSichV compliance, contactless/NFC support (Apple Pay, Google Pay, Samsung Pay, PayPal), integrated employee time tracking, automatic tax-compliant tip recording, and GoBD-compliant receipt archiving. The ecosystem extends through the Clover App Market with 270+ third-party integrations including QuickBooks, Xero, Commerce Sync, and a German-market-specific partnership with Hanseatic POS.

Vert monetizes through a subscription-based monthly terminal rental (€5.99–€24.99 per device) plus pass-through Disagien (interchange and processing fees) that are billed separately rather than netted from payouts, enabling next-business-day payout of full card receipts. The company employs a direct-sales motion with personal consultation, targeting German SMBs across three primary verticals — gastronomy, retail, and pharmacies/medical practices — with a growing extension into multi-location chains. As of the available data, headcount is reported in the 1–10 range and no revenue figures are disclosed.

Name

Vert

Legal name

FSDB Merchant Services GmbH

Website

https://vert.de

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Vert, a Deutsche Bank–Fiserv joint venture, offers Clover-branded card terminals and cloud POS to German SMBs in gastronomy, retail, and healthcare. It generates revenue through monthly hardware subscriptions and pass-through transaction fees, backed by BaFin-regulated acquiring.

Ownership category

akta.pro rank

Product category

Merchant Payment Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Computer Terminals (3575)

akta.pro primary industry

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)

Keywords

• Card payment terminals
• Payment acceptance services
• Mobile POS systems
• Merchant payment processing
• SMB card acceptance

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Terminal Rental: Monthly rental fees for Clover payment terminals (Clover Pocket, Flex, Mini, Station Duo, Compact). Renters receive hardware, software access, maintenance, support, and depot warranty service. The rental model includes replacement devices in case of defects.
2. Disagien (Transaction Fees): Interchange and processing fees charged per transaction. These are standard industry fees passed through from banks, card systems, and acquirers. Disagien are separately billed monthly (brutto payout model) rather than deducted directly from sales revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Vert sells and rents Clover-branded card payment terminals (Clover Flex, Pocket, Mini, Compact, Station Duo) to German small and medium-sized merchants on monthly subscriptions bundled with card acceptance services. The terminals accept girocard, Visa, Mastercard, American Express, Apple Pay, Google Pay, Samsung Pay, and PayPal, with payment processing, authorization, and next-business-day payout handled by First Data (Fiserv). The offering includes TSE-certified fiscalization compliant with German KassenSichV, P2PE Zero encryption, free GoBD-compliant receipt archiving, integrated employee time tracking, and access to the Clover App Market with 270+ third-party integrations.

Product overview

Vert is a payment solutions provider (Joint Venture of Deutsche Bank AG and First Data GmbH/Fiserv) offering a portfolio of Clover-branded card terminals and POS systems for German merchants. The product portfolio consists of: Clover Flex (mobile all-in-one with printer/scanner for table service and mobile use at €9.90/month), Clover Pocket (ultra-compact pocket reader for mobile use at €5.99/month), Clover Mini (stationary compact POS with 8" touchscreen and integrated scanner/printer at €19.99-24.99/month introductory price), Clover Compact (stationary counter terminal with physical keyboard launching October 2026), and Clover Station Duo (premium dual-display enterprise POS launching October 2026). These are complemented by the Vert Portal for online account/invoice management and Clover Dashboard for centralized multi-location reporting. Vert also offers P2PE Zero security solution for PCI compliance reduction. All devices support girocard, Visa, Mastercard, American Express, Apple Pay, Google Pay, Samsung Pay, and PayPal. The Clover ecosystem includes an App Market with 270+ third-party apps including accounting integrations (QuickBooks, Xero, Commerce Sync) and German-market-specific POS integration (Hanseatic POS). Supported industries include gastronomy, retail, and pharmacies/medical practices.

Differentiator

Problem solved

Functional benefit

Products and services

• Clover Flex

Quantifiable outcome

• 63.5% of retail sales in Germany processed cashlessly (2024, EHI Retail Institute)
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature7 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• First Data GmbH (Fiserv)flagshipTechnology or IntegrationFirst Data GmbH (now operating under Fiserv) provides technical transaction processing, network services, and payment infrastructure. First Data acts as the BaFin-regulated acquirer and DK-authorized network operator for card acceptance and settlement. They handle authorization requests, transaction routing, and daily payout processing to merchant accounts.
• Hanseatic POScoreTechnology or IntegrationHanseatic POS is a German POS solution specifically integrated for the German retail market. This partnership provides Clover system compatibility with Hanseatic POS inventory and sales management, targeting stationary retail operations in Germany.
• Marketplace Merchant Solutions Limited (Clover)coreOEM/ Whitelabel/ Licensing PartnerMarketplace Merchant Solutions Limited, 10 Hanover Quay, Dublin Docklands, Ireland, provides Clover software and device services. Vert resells Clover hardware (Flex, Pocket, Mini, Station Duo, Compact) under the Vert brand to German merchants with terms governed by Clover Service Terms.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Stripe Terminal: Developer-first payment platform offering Stripe Terminal hardware and software for in-person payments; comparable to Vert as a payment acceptance and POS infrastructure provider for growing businesses.
• Nexi: Major European payment processor with German presence (formerly Concardis / Nets) providing merchant acquiring, terminals, and integrated POS offerings that overlap with Vert's payment acceptance proposition.
• Worldline: One of Europe's largest payment service providers offering merchant acquiring, terminals, and POS solutions across many verticals; operates broadly in the same space as Vert with overlap in SMB card acceptance.

Direct peers

• myPOS: European card terminal and payment acceptance provider targeting SMBs with mobile and countertop terminals, overlapping directly with Vert's product portfolio and customer base across the EU.
• Zettle by PayPal: PayPal-owned card reader and POS provider directly competing with Vert in the German SMB segment, offering mobile and stationary terminals with similar subscription-based pricing.
• CCV: Dutch-headquartered payment service provider offering card terminals and POS solutions across European markets, directly comparable to Vert's card acceptance and Clover-based terminal offering for SMB merchants.
• SumUp: Leading global provider of card terminals and payment acceptance solutions for SMBs, with strong direct competition to Vert in the German market across gastronomy, retail, and service businesses.
• Handpoint: Specialist provider of Android-based smart POS terminals and payment software for SMBs and enterprise merchants, with overlapping terminal hardware and payment acceptance functionality comparable to Vert's Clover portfolio.

Regional players

• B+S Card Service: German-headquartered payment service provider offering card acceptance and POS terminal services to SMBs in Germany, comparable to Vert as a domestically focused competitor in the German merchant acquiring space.

Emerging players

• Square (Block): Global POS and payment acceptance provider expanding in Europe with mobile and countertop terminals; competes with Vert on SMB card acceptance, particularly with a stronger software/app ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vert-deutsche-bank-partner
• Facebookfacebook.com/vertdeterre2013

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Vert