Mipise expands its horizons with the acquisition of White’In and a fundraising of €6 million

Mipise expands its horizons with the acquisition of White’In and a fundraising of €6 million

Mipise, a Fintech-Regtech specializing in white-label development of financial activity digitization solutions, has completed a fundraising of €6 million. This fundraising is the result of an acquisition, through an exchange of shares amounting to €3.4 million, of White’In, a company specialized in the fields of payment systems and means of payment, and a capital increase from its historical investors and employee shareholding.

Founded in 2013 by Michel Ivanovsky and Sébastien Bik, two former bank executives and financial consultants, Mipise has specialized in technological innovation serving the digitization of investments in finance, specifically in private equity, real estate, and crowdfunding. Since its inception, Mipise has enabled its clients to raise €3 billion, including €2.2 billion in private equity and €800 million in crowdfunding.

New phase of development and external growth

Now, with over 10 years of experience, Mipise is advancing the development of its business in markets undergoing profound transformation through a third fundraising round of €6 million and an external growth operation with the specialized consulting firm in the fields of payment systems and means of payment: White’In. White’In operates across the entire payment value chain, primarily targeting major accounts in the banking, retail, and e-commerce sectors, as well as emerging players in the FinTech industry.

Strengthening the value proposition with White’In

Through this acquisition, Mipise enhances the resilience of its economic model by expanding the value chain offered to its clients into the payments domain, while also extending its market to major accounts. The consolidated revenue of the two entities reaches €3.8 million in 2023, with a growth prospect of at least 25% annually over the next three years. A second external growth operation is underway with the company Smart Float. This operation aims to reinforce Mipise's offering of outsourcing banking back-office services, meeting the significant market demand.

Consolidation of leadership position and internationalization

In conjunction with this acquisition, the capital increase secured from its historical investors, notably the Family Office THEOS, and its employees through an employee share ownership plan, enables Mipise to solidify its leadership position in the French market. It also provides the fintech with the opportunity to accelerate its internationalization in Europe, supporting the ambitions of European finance players and addressing new challenges related to European regulatory statuses, such as PSFP or ELTIF.

"By incorporating the strong expertise of White’In in the payments domain, we are able to offer the market a comprehensive and tailor-made solution, whether it involves creating crowdfunding platforms or digitalizing investment processes for investment funds, and which has no equivalent in the market," emphasizes Michel IVANOVSKY, President of Mipise.

"We are proud to be able to align ourselves with a renowned software editor like Mipise, which will increase our ability to offer a service across the entire value chain of payments to our clients and attract new talents with the prospect of advancement within the new group," adds Sébastien BIK, President of White’In.

New venture taking shape

The Mipise group, currently in formation, now boasts 42 professionals ready to tackle new challenges: "This is just the beginning of a new adventure, and at least one more significant strategic evolution announcement will be made before the end of the year," declares Michel Ivanovsky.