Twelve, a Dutch fintech specializing in point-of-sale and order management for the foodservice sector, has been acquired by Centric, an IT service provider. This acquisition, supported by Spacetime investment, aims to bolster Twelve’s growth in Europe, enhancing its service operations. Founded by Willem van Kralingen, Twelve initially served amateur sports clubs before expanding to larger venues. The company now processes over 700 million transactions annually and plans to leverage its market leadership in the Netherlands to expand into Germany, France, Italy, and the UK with Centric and Spacetime’s support.
The acquisition of Twelve by Centric aims to enhance its service operations and facilitate expansion in the European foodservice market.
Willem van Kralingen emphasized Twelve's readiness to expand into Europe, leveraging their existing relationships with major venues and partners.
Twelve's innovative point-of-sale system, originally built for amateur sports clubs, has grown significantly, serving clients like Sodexo and major stadiums.
Centric's backing will provide Twelve with necessary resources to scale up operations and process over 700 million transactions annually.
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