20.3.2025

myPOS announces acquisition of LAVEGO AG

About myPOS

myPOS is a fintech company that serves small and medium-sized business customers across the European Economic Area, Switzerland and the UK. myPOS provides simple and convenient solutions for in-store, online and on-the-go payments for more than 250,000 companies in over 33 European countries. myPOS serves over 450,000 terminals.

The myPOS platform gives microbusinesses and SMEs everything they need to accept payments and manage various aspects of their business. Business owners get a free multi-currency merchant account and their own IBAN per currency, a business debit card, digitized business management features, and a powerful platform that allows them to sell anywhere.

myPOS has received many prestigious awards for its continuous innovations in payments, including Best Business Payments System at the PayTech Awards 2024, Point of Sale Innovation at FinTech Breakthrough 2024 and Best B2B Tech at Business Awards UK 2025. For more information, please visit www.mypos.com.

About LAVEGO

On the one hand, the company itself serves customers primarily in the petrol station and vending machine sector, and on the other hand, it offers the completely self-developed PaySphere platform for processing POS transactions.

For example, commercial and technical NSPs, retailers, acquirers, payment institutions, etc. can work completely independently on PaySphere. In addition to the prevailing Poseidon protocol in Germany, PaySphere also provides NEXO standards, the French CB2A protocol, GICC and IFSF.

LAVEGO has its own, nexoFAST-based terminal application, which is currently certified for the girocard on various hardware platforms under Android.

More than 120 partners from various sectors, such as automatic fuel dispensers or EV charging, are currently working with LAVEGO. PaySphere supports over 50,000 terminals, which are installed in over 10 countries in Europe.

Transaction details

The transaction has yet to be approved by authorities. It is expected to be completed in 2025.