Home Page›News›OPERATIONS› Techfive enters a new chapter : sale to a duo of individual buyers
OPERATIONS
24 February 2025
Founded in 2019 and the result of a carve-out from Sopeg, Techfive has rapidly established itself as a major player in the sector of Android POS systems for VSEs and SMEs in the Retail and catering sectors, becoming the best-selling solution in large distributor and reseller networks.
Thanks to total mastery of its hardware and software POS solutions, the company has established a network of over 400 distribution outlets in France, and won over 12,000 end customers.
Relying on its multi-station, multi-site back office offering, Techfive has been able to respond to complex projects, equipping soccer stadiums among others.
In 2024, the company also developed a payment solution, T5Pay, competing directly with industry behemoths such as Sum Up, and offering attractive rates to French VSEs and SMEs.
Techfive stands out for its agility, capacity for innovation, ease of use of its solutions and ability to adapt to regulatory changes. The company is forecasting sales of €2.8 million in 2024, with average growth of 48.1% between 2022 and 2024, coupled with very strong profitability.
A transition towards new ambitions driven by an entrepreneurial duo.The buyers, two engineers with solid entrepreneurial experience, already have a success story to their credit, with the creation and subsequent sale of a management solution for chartered accountants.
With complementary skills in international business development of complex technological solutions, product expertise and e-invoicing, they share an ambitious vision. Their objective is to strengthen distribution networks in France, conquer other European markets, introduce new software functionalities, exploit opportunities linked to e-invoicing and pursue the convergence between cash and payment solutions.
This transition is part of a commitment to continuity, with the long-term involvement of Techfive’s long-standing General Manager.
“When we met Techfive’s shareholders, we quickly recognized the company’s potential, given its market positioning and agility. After a successful growth phase, the shareholders wanted to hand over the company to a sharp duo to develop the innovations recently introduced. Martin and Alexis, with whom we’ve been in contact for several months, have also quickly grasped Techfive’s strong added value, and will have the keys to winning the sector’s challenges”.
Jean Baptiste DAVID, President, Widoowin CF
As part of the transfer process, the current management team will support the transition to ensure continuity of operations and transfer of know-how.
This transfer is financed by Bpifrance, CIC Ouest and Caisse d’Epargne Aquitaine Poitou-Charentes.
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