HiPay continues its growth with a 9% increase in revenues in 2022

Hipay SA

23/02/2023 06:00

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HiPay Group
* In a continuous growth momentum, annual revenues have risen 9% compared to
2021, and 29% compared to 2020. 
* Payment volume has increased by 14% compared to 2021 and by 35% compared to
2020. 
* Revenues generated in points of sale (POS) have seen a strong 44% rise
compared to 2021. 
* Year-end figures are encouraging, with a 16% increase in revenues in the 4th
quarter of 2022.  
* The financial support brought by BJ Invest through existing shareholder
current account agreements has contributed to maintaining positive cash flow.
23 February 2023: HiPay, the fintech company specialising in omnichannel
payment solutions, announces its 2022 revenues. 

 In millions of euros  2022   2021   Var. %  
 Year                                        
 Payment volume        7,528  6,612  +14%    
 Revenues              58.9   53.9   +9%     
 4 th quarter                                
 Payment volume        2,186  1,934  +13%    
 Revenues1             17.2   14.8   +16%    

 







Despite a challenging context, growth continued in 2022 with a promising
year-end
* Driven by a continuous growth dynamic, HiPay closed the financial year with
a 16% rise in its revenues for the last quarter.    
* Across the entire year, HiPay recorded a 35% increase in payment volume
compared to 2020 and a 14% increase compared to 2021. Revenues increased by
29% compared to 2020 and by 9% compared to 2021.  
  * This moderate progress is explained in particular by a first quarter of
2021 marked by strong growth within the context of the lockdowns imposed
across Europe, in addition to unfavourable geopolitical and macroeconomic
events. These factors have influenced companies’ consumption and investment
decisions without, however, calling into question the positive outlook of the
electronic payment market.  
* For the 2022 financial year period, the turnover rate on flows is 0.78%. The
level of this rate is explained both by the discontinuation of local payment
methods used by clients in the iGaming sector, and whose volumes were
transferred to other less lucrative means, and by the increase in payment
volumes in points of sale.
 

Success of the unified commerce offering
* In June 2022, HiPay launched its Online-to-Instore offering, which allows
merchants in France to unify their sales channels, offering an optimised
payment service both online and in store. This offering garnered a great deal
of interest and led 12 brands to choose HiPay in 2022, including Jonak, Arthus
Bertrand, JOTT and OÏA Beauté.  
  * This omnichannel growth is reflected in the turnover for transactions at
the point of sale, with a 44% increase across the year compared to 2021. 
 

Continuous growth in all sectors 
* In France, over 70 new contracts were signed in the retail trade sector,
with brands such as Dodo, Hespéride, Atmosphera, Easypara, Notshy, Stella
Forest, Sweet Pants, Avril Beauté and Aéroports de Lyon. 
  * HiPay took advantage of the opening up of the Dutch market to increase its
market share in the iGaming sector. Entain, the world leader in sports
betting, chose HiPay for its expertise to support it in rolling out its bwin &
Go Bet brands in Europe.  
  * In Portugal, the payment volume increased thanks to the signing of 55 new
customers, as well as growth among existing customers. In this way, HiPay
strengthened its position as payment platform of choice in the online fashion
sector and also made an incursion into the supermarket sector, signing a
contract to handle the online orders for 21 E.Leclerc supermarkets.  
  * In Italy, HiPay continued its growth, winning customers in new
high-performance sectors, such as InsurTech and travel, particularly ferry
ticketing. New brands signed include traghetti.com, RCPolizza and Capital
Group.
 

HiPay’s offering continues its development 

Alongside its commercial achievements, HiPay is continuing to enrich its
offering and optimise the performance of its service. 

Launch of the unified commerce offering 
* In France, HiPay launched the Online-to-Instore unified commerce offering to
allow its merchants to offer a smoother purchase experience both online and in
store.
 

Service performance 
* Strong authentication exemption requests have been made possible in France
and Italy through the implementation of the new 3DS v2 protocol. Following a
transaction risk analysis (TRA), HiPay’s customers can now benefit from this
exemption for transactions identified as low risk. A frictionless payment
process then allows them to make their purchase quickly without having to
confirm a second authentication factor. In this way, merchants strike a
balance between performance and security. 
 

Optimised payment management
* HiPay Console, the centralised management interface, has been optimised.
Merchants can now benefit from increased security with multi-factor
authentication and an improved user experience. The interface makes it
possible to view, manage and configure all operations and payment data in real
time.
 

Cash flow situation
The company has drawn fully on credit lines made available by BJ Invest, its
principal shareholder, to enable it to maintain a level of cash flow necessary
to meet its contractual and regulatory obligations. 

 

Next financial communication: 6 April 2023 - 2022 year-end results. 

***

 

About HiPay
HiPay is a global payment services provider. Using the power of payment data,
we help our sellers grow by giving them a 360° overview of their business.
More information at hipay.com
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You can also find us on LinkedIn
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HiPay Group is listed on Euronext Growth (ISIN: FR0012821916 – ALHYP).

Contacts

PR 
Annie Hurley (CMO)
+33 (0)6 81 16 07 52
ahurley@hipay.com

Investor Relations
contact.investisseurs@hipay.com

 

This release does not constitute a sale offer or the solicitation of an offer
to purchase HiPay securities. If you would like more information about HiPay
Group, please visit the Investors section on our website hipay.com. This
release may contain provisional declarations. Although HiPay Group believes
that these declarations are based on hypotheses that are reasonable on the
release’s publication date, they are by nature subject to risk and
uncertainty that can lead to differences between the actual figures and those
indicated or inferred in these declarations. HiPay Group operates in one of
the most volatile sectors where new risk factors can emerge. HiPay Group does
not have any obligation to update these provisional declarations based on new
information, events or circumstances.

 

 

Attachment
*     20230223 HiPay PR 2022 Revenue ENG-FINAL
(https://ml-eu.globenewswire.com/Resource/Download/e44cc07d-8edb-4baf-bf31-198c1c8a24f2)