Buckaroo acquires payment service provider Sisow
Utrecht, 10 December 2020 - Buckaroo acquires payment service provider Sisow. This has been agreed upon by both parties earlier this month. With Sisow having over 14,000 customers in the Dutch and Belgian market, Buckaroo regards the acquisition as a strategic move to strengthen its position in the SME market.
The acquisition of Sisow is subject to the approval of The Nederlandsche Bank (DNB, the Dutch central bank). A decision regarding the acquistion is expected in the first quarter of 2021. Thereafter, Sisow will be carrying the brand name ‘Sisow by Buckaroo’. Buckaroo will take on the Sisow employees, who will continue to work in the Helmond office.
Strong online growth
Paul Scholten, CEO of Buckaroo: “The SME sector is growing rapidly and requires innovative payment solutions. Now that Buckaroo and Sisow are joining forces, these businesses and entrepreneurs will be offered unambiguous and innovative payment products that will support their corporate growth even more.”
Ruud Bakens, CEO of Sisow: “We need more impact in order to accelerate the process of taking Sisow, our customers and staff to the next phase.” I am convinced we can advance by joining forces with Buckaroo. The people behind Sisow and Buckaroo have the right expertise and focus to turn ‘Sisow by Buckaroo’ into a success. Our similar corporate culture and complementary clientele actively contribute to this goal. In my view, that is the ultimate basis for a future-proof servicing of the MSE market.”
Sisow was founded in 2010 by current CEO Ruud Bakens and has become a key actor in the SME market. Their original key product was a digital invoice management system; a complete package to manage invoices. This included the option to make online payments via iDEAL. After the introduction/implementation of iDEAL, the idea emerged to offer this, transparently, to online shops as well. This resulted in a successful iDEAL link, which was gradually expanded with international payment methods such as Visa, MasterCard and Bancontact.