Mediobanca-backed Compass to acquire HeidiPay.

Mediobanca-backed Compass, a consumer credit firm, agreed to acquire HeidiPay, a fintech company. Financial terms were not disclosed. “This deal has a strong industrial rationale and is consistent with the guidelines of our new 2023-26 Strategic Plan. With the acquisition of HeidiPay Switzerland AG we are launching the geographical diversification of our Consumer Finance division, on the back of cutting-edge digital platforms to grant credit, together with a value-driven management approach that leverages on the risk analysis and assessment capabilities that Compass has developed in over 60 years of business,” Alberto Nagel, Mediobanca CEO.