givve founders Patrick Löffler and Alex Klaiber
Just a few weeks after the bexio exit to Mobiliar, we are excited to announce the next trade sale in the Redalpine Capital II portfolio: givve, provider of employee benefit payment and management solutions, has just been acquired by Up group. Up has more than 3,400 employees active in 19 countries, Up is now looking to strengthen its position in Germany with the acquisition of givve.
givve has a leading position in Germany. There are already more than 250,000 individual givve card users in Germany. More than 6,000 corporations use givve cards. These cards are used like prepaid cards for employers to reward their employees and to also use tax advantages for employee benefits in Germany.
givve’s technology offers clients easy management of employee benefit programs and efficient payment processing. Across Up’s wide range of services, the acquisition now offers a number of new opportunities to apply givve’s technology.
Harald Nieder, Partner at Redalpine, summarizes: “Givve is one of the earliest investments of Redalpine Capital II and a successful Fintech startup that has, based on its proprietary technology, established a strong position in the market. It is great to see such a good fit with the buyer and the potential of givve’s offering under the umbrella of the internationally active Up group.”