PEAC Solutions has announced it has acquired topi, a fintech company whose fully digital platform enables retailers and manufacturers to offer IT hardware subscriptions to business customers. The acquisition will further expand PEAC Solutions' suite of online finance offerings as well as their capabilities in the fast growing hardware-as-a-service (HaaS) segment of the asset finance market.

The topi platform allows business customers to easily acquire IT hardware and smartphones, providing a much needed alternative to cash purchases and more traditional lending options. This suite of innovative API-based tools can be integrated at a merchant's point of sale, whether an online web store, call center or physical retail store location. PEAC Solutions intends to deploy these tools across its extensive international network, and in close consultation with its OEM and reseller partners.

Going forward, topi will continue to operate from its headquarters in Berlin, Germany, where it will service its existing portfolio of rental customers in Germany, Austria, the Netherlands and Belgium. This approach will ensure continuity for topi customers, partners and employees, while also benefiting from PEAC Solutions' global scale and financial strength.

"The continued transformation of our industry towards 'as-a-service'-based subscription models is undeniable," said William Stephenson, global CEO, PEAC Solutions. "We are confident that this strategic acquisition of topi will be a massive differentiator for PEAC Solutions. It will allow us to deliver an innovative solution to our partners and customers, and it will play an integral role in the ambitious growth strategy that we have for the technology sector and other target markets."

"We are excited to join the PEAC Solutions family," said Charlotte Pallua, CEO and co-founder, topi. "By combining topi's innovative and easy to use tools with PEAC Solution's financial strength, specialized market knowledge and network, I am confident that we will deliver even more value to OEMs, resellers and business customers."