Banqup Group Strengthens Liquidity With New Funding and Strategic Divestment

2026-01-26 companies

La Hulpe, Monday, 26 January 2026.
Banqup secures a €6 million shareholder loan and finalizes its Baltic operations sale, pivoting resources toward high-growth digital services to optimize liquidity and capital efficiency.

Financial Restructuring to Fuel Digital Focus

On January 26, 2026, Banqup Group SA (Euronext: BANQ) announced a comprehensive financial restructuring aimed at solidifying its balance sheet and sharpening its operational focus [1]. The La Hulpe-based fintech company has secured a subordinated shareholder loan of up to €6.0 million, with €5.45 million already subscribed by a consortium of existing shareholders, including SFPIM NV, Alychlo NV, and PE Group N.V. [1]. This infusion of capital is structured with a maturity date of May 21, 2027, and carries an interest rate of 9.00% per annum, which will be capitalized annually with a bullet repayment at maturity [1]. Simultaneously, the company has successfully recalibrated its financial covenant framework with its senior lender, Francisco Partners [1]. This agreement adjusts the financial metrics to better align with Banqup’s current business profile as a pure-play digital services provider, establishing a minimum monthly liquidity requirement of €2.5 million [1].

Strategic Divestment of Baltic Operations

In a move to further optimize its portfolio, Banqup has signed a share purchase agreement (SPA) with Fitek Oü for the sale of its Baltic operations [1]. This development follows advanced negotiations announced earlier this month on January 13, 2026 [7]. The transaction is expected to close by the end of February 2026, marking another step in the company’s strategy to divest non-core assets [1]. This follows a series of strategic divestments executed in 2025, including the sale of the 21 Grams group in June and the UK print business in August, as the company—formerly known as Unifiedpost Group—transitioned its ticker to BANQ in June 2025 to reflect its evolved identity [7]. The sale allows Banqup to concentrate its resources on high-growth markets, specifically capitalizing on the regulatory shifts driving e-invoicing adoption across Europe [1].

Operational Targets and Market Outlook

The recalibrated covenant structure sets clear performance benchmarks for the fiscal year 2026. Banqup is targeting an Annualized Recurring Revenue (ARR) from subscriptions of €22.5 million for the quarters ending March 31 and June 30, 2026, rising to €25.0 million for the second half of the year [1]. CEO Nicolas de Beco highlighted that these developments reflect shareholder confidence in the company’s transformation, stating that the revised covenants provide the flexibility needed to execute their strategy [1]. This strategic pivot comes at a crucial time, as e-invoicing via Peppol became mandatory for all VAT-liable companies in Belgium as of January 1, 2026 [2]. Investors can expect further details on the company’s financial health during the publication of the FY 2025 results on February 26, 2026 [1].

Sources

Divestiture Financial Restructuring