EQT is pleased to announce that the EQT Mid Market Asia III fund has fully exited its minority stake in VBill (the “Company”) through a put option and the Company bought back the shares.

Founded in 2011 and headquartered in Beijing, China, VBill offers a full range of payment solutions, including merchant acquiring, bank cards, QR codes and other omni-channel payment services. By leveraging its extensive merchant base, the Company also provides other value-added services, such as SAAS offerings and Fintech.

EQT invested in VBill in 2019, and during its tenure, VBill has transformed from a primarily traditional offline merchant acquiring and payment business to an integrated merchant operating solutions provider. With the support from EQT’s inhouse digitalization teams, the Company introduced three new SAAS offerings to its merchant base, including an integrated retailer solution which enables retailers to make more informed data-based decisions; a private domain operation for chained retailers with closed customer pools; and marketing tools to drive revenues and customer stickiness.

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EQT Press Office, press@eqtpartners.com, +46 8 506 55 334