CORVEL advised Serrala Group GmbH ("Serrala") on the acquisition of Payference Inc.
Payference, a US-based fintech company in the field of accounts receivable automation, uses cloud-based, AI-driven technologies to provide its customers with real-time liquidity visibility and receivables optimization through its Payference IQ Technology™.
Serrala looks back on almost 40 years of success and is considered a pioneer in the field of financial automation. The company currently serves more than 2,500 customers around the world (including more than 100 of the companies included in the S&P500). Serrala is supported by its majority shareholder Hg Capital, a leading investor in European and transatlantic software and services companies.
The acquisition of Payference is an important milestone for Serrala's growth in the accounting sector and complements the comprehensive Alevate Finance Automation Cloud solution portfolio including Alevate AP and Alevate Payments.
Advisors Serrala
CORVEL (Hamburg): Dr. Felix Brammer (lead), Tobias Brandenburg (all corporate)
Hamburg, 14 August 2024