Portuguese startup BIGhub has acquired French fintech company Qashflo, reinforcing its presence in the French market and expanding its service offering in Europe’s leading e-commerce marketplaces.
As ECO reports, the acquisition follows two funding rounds in which BIGhub raised a total of €10 million to develop BIGcash, its same-day payment solution for online merchants.
Rúben Lamy, founder and CEO of BIGhub, explained to ECO that Qashflo offers same-day or next-day payment services for merchants in major European marketplaces – a model that closely aligns with BIGhub’s payment solution.
He added that these services are important “because e-commerce platforms traditionally take about 45 days to pay sellers, which can hinder the reinvestment in stock or the launch of marketing campaigns, for example.”
The integration of Qashflo, according to the company, brings with it advanced technology, market knowledge, human resources, a customer portfolio, and partnerships with over 50 European marketplaces. The value of the deal has not been disclosed.
“The acquisition of Qashflo represents the incorporation, by BIGhub, of a strong competitor, which already constitutes, in itself, an important added value,” said Lamy.
The French company’s services and team will be integrated under the new brand “Qashflo by BIGcash.”
Four Qashflo team members will join BIGhub, including the CEO, who will continue managing the service, the CTO, and two programmers. According to Lamy, the service will remain similar to BIGcash but will also include credit payment functionality.
Despite the acquisition, BIGhub remains committed to organic growth. “Our strategy is, and will continue to be, organic growth. This acquisition was only important given the similarities that existed between Qashflo’s and BIGcash’s services, mainly being available in the same markets,” noted the CEO.
BIGhub currently operates in Portugal, Spain, Germany, Italy, and France, and estimates it will close 2025 with a turnover of €10 million.
