EXCLUSIVE: Meet the Fintech Behind the 100 mn € Exit Nobody Talks About
- Juan Diego Parra Castillo
- May 19, 2021
- 3 min read
Updated: 11 hours ago
Meet Marcus Laube, founder of Crossinx, recently sold for 100 mn € to Unifiedpost Group, marking one of this year's biggest fintech exits.
This founder interview is part of our ongoing coverage of Scaleup Founder Interviews from Germany, Austria, and Switzerland.
Meet the Fintech Behind the 100 mn € Exit Nobody Talks About
We were the first ones to start such a business [for electronic invoices] in EuropeMarcus Laube, Founder and CEO of crossinx
Enabler
In this episode of Startuprad.io, host Jörn "Joe" Menninger sits down with the founder of EXCLUSIVE to explore how this DACH-based startup is tackling real market challenges. From early-stage hustle to scaling strategy, this founder interview dives deep into what it takes to build a startup in the German-speaking ecosystem.
This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here:
The Finish company later stopped all their activities in Central Europe. This is where I started crossinx.Marcus Laube, Founder and CEO of crossinx
The Founder
In this interview, we are talking to Marcus Laube (https://www.linkedin.com/in/marcus-laube/) , the founder and CEO of one of the largest fintech exits this year. He sold the company, he founded in 2007 in 2021 for 100 mn Euros to Unifiedpost Group from Belgium (https://www.businesswire.com/news/home/20210411005030/en/Unifiedpost-Group-and-Crossinx-Join-Forces-to-Create-a-Unique-European-Business-Network).
Marcus has been the chairman of the European Fintech Alliance (https://eufintechs.com/) and the co-chairman of the European E-Invoice Service Provider Association (EESPA https://eespa.eu/)
The story of Marcus as an entrepreneur is totally fascinating: He was helping one of Lufthansa’s businesses (AirPlus) to get their first website and digitize Germany’s Flag Carrier. This brought him in contact with lots of electronic business ideas, with which he ventured out on his own. His first company was sliding into insolvency. He bought the company out of insolvency and this company stayed afloat by selling chairs and tables. This company was bought later by a company from Finland. This Finnish company stopped their business in Germany and Marcus decided to start over again with founding crossinx in 2007. He now sold this company in a 100 mn Euro plus deal (the deal includes a clause of up to 13 mn € further conditional earn-out payments according to the press statement).
Tune in to our exclusive content.
We call what we do the financial supply chain.Marcus Laube, Founder and CEO of crossinx
The Startup
crossinx (https://www.crossinx.com/en/) is the leading provider of e-invoicing based service solutions in Germany, working with the largest companies and institutions, such as Nestle, Bayer, TNT, Sixt and the German national government. The company was founded back in 2007 by Marcus Laube.
The Exit
On April 12 Unifiedpost Group announced to acquire crossinx for 100 mn Euros (up to 113 mn €): https://www.businesswire.com/news/home/20210411005030/en/Unifiedpost-Group-and-Crossinx-Join-Forces-to-Create-a-Unique-European-Business-Network
The connection came from Marcu’s work in EESPA, where he met Unifiedpost. There has been interest to acquire crossinx 3 years before, but the deal was sealed after the IPO of Unifiedpost at Euronext (Euronext: UPG).
The Video Interview is set to go live on Thursday, May 20th, 2021 at 17.00 CET
Feedback
Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA
The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
Key Takeaways
EXCLUSIVE is part of the growing DACH startup ecosystem, addressing market needs with innovative solutions.
Meet Marcus Laube, founder of Crossinx, recently sold for 100 mn € to Unifiedpost Group, marking one of this year's biggest fintech exits.
Marcus has been the chairman of the European Fintech Alliance (https://eufintechs.com/) and the co-chairman of the European E-Invoice Service Provider
This founder interview provides insights relevant to entrepreneurs and investors in Germany, Austria, and Switzerland.
Frequently Asked Questions
What does EXCLUSIVE do?
Meet Marcus Laube, founder of Crossinx, recently sold for 100 mn € to Unifiedpost Group, marking one of this year's biggest fintech exits.
Who founded EXCLUSIVE?
Meet Marcus Laube, founder of Crossinx, recently sold for 100 mn € to Unifiedpost Group, marking one of this year's biggest fintech exits.
How is EXCLUSIVE funded?
Joern Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem.
About the Host
Joern Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.
Guest: Marcus Laube. Connect with Marcus on LinkedIn.
Comments