Unzer takes over Tillhub

Unzer had already acquired a stake in the Berlin-based start-up in 2020. Now the complete takeover follows.

The payment service provider Unzer is taking over the Berlin start-up Tillhub. The parties have agreed not to disclose the purchase price. The two companies have already been working closely together for the past two years. "The joint product developments and the exchange with the Tillhub team have shown that both sides benefit from a common path," says Robert Bueninck, CEO of Unzer. The acquisition will allow Unzer to leverage software designed to help connect e-commerce with brick-and-mortar retail. Tillhub will add new payment solutions to its POS systems in the future.

"The seamless merging of brick-and-mortar and online retail is our goal, and with Unzer we have the opportunity to fully exploit our potential," says Tim Seithe, founder and CEO of Tillhub. He founded the start-up together with Rolf Oppitz, Frank Seithe, and Stefan Haupthoff in 2015. The founders have developed a cloud-based POS system that is designed to be combined with features such as marketing tools and sales analytics. According to the company, Klier, Mister Spex and Fleurop are among the start-up's customers.