Compass, headquartered in Italy, has strengthened its Buy Now Pay Later (BNPL) operations by acquiring a majority stake in HeidiPay AG, a company specialising in digital platforms for BNPL.

Compass had previously acquired a 19.5% stake in HeidiPay in 2022 and its Swiss subsidiary, HeidiPay Switzerland AG, in October 2023.

This acquisition aligns with the development of Compass’s international BNPL platform, HeyLight, which combines payment and consumer credit solutions. The deal supports Compass’s 2023-2026 Strategic Plan, focusing on direct and digital channels and integrating advanced risk assessment capabilities.

Francesco Caso, General Manager of Compass, said,

“The majority share we have acquired in HeidiPay supports our plans for growth that is geared towards value, completing a partnership which for several years now has given us a leading role in the innovation of consumer credit services.”

He added,

“The process of integrating this expertise and cutting-edge technological assets into Compass’s multichannel product and service offering has been enhanced by a highly strategic acquisition that will enable us to expand our client portfolio and leverage new opportunities for growth in international markets.”

HeyLight currently operates in Italy with over 1,200 digital stores and 30,000 points of sale, and it continues to expand internationally, including Switzerland. The deal is expected to close by the end of Q2 2025, with negligible impact on Mediobanca Group’s Core Tier 1 capital.

Featured image credit: Edited from freepik