FinTech Investment Boosts Yodel’s Parcel Delivery OperationsFinTech Investment Boosts Yodel’s Parcel Delivery Operations PayPoint, a payment technology company, has announced a strategic investment in Yodel, a parcel delivery company that was recently rescued from financial distress. PayPoint’s investment, along with contributions from other partners, aims to strengthen the existing partnership between the two companies and drive further growth. Partnership with Collect+ PayPoint and Yodel have an existing partnership through Collect+, an extensive network of over 11,000 locations for “out of home” parcel deliveries. Collect+ processed more than 100 million parcel transactions in fiscal year 2024 and is a key component of PayPoint’s growth strategy. Investment for Expansion PayPoint’s investment, reportedly around £10 million, will be used to enhance the partnership between the companies. Yodel’s CEO, Mike Hancox, and his team will continue to lead the business and support its expansion through Collect+. Shifting Consumer Behavior PayPoint CEO Nick Wiles highlighted the shift in consumer behavior towards out-of-home parcel delivery and emphasized the strategic partnership with Yodel as a key driver in achieving their financial targets. Yodel’s Recovery Yodel was rescued from the brink of collapse in February by YDLGP, a company backed by Solano Partners and Shift. With a customer base that includes Gousto, Argos, Vinted, and Very Group, Yodel delivers over 190 million packages annually and generated a turnover of £561.8 million in 2023. Continuous Growth PayPoint’s investment in Yodel signals continued growth in the FinTech and parcel delivery sectors. As consumer behaviors evolve, the strategic partnership between these two companies will leverage the strengths of both organizations to provide innovative and convenient delivery solutions.
FinTechInvestmentRetail
A payment technology company has made a strategic investment in parcel delivery company Yodel, which was rescued from the brink of collapse months ago.
In a message to the London Stock Exchange, PayPoint plc announced the funding injection “together with other partners”.
PayPoint has an existing partnership with Yodel through the former Collect+ division, an ‘out of home’ delivery network that operates from more than 11,000 locations.
Collect+ processed more than 100 million parcel transactions in FY24. It is described as one of the six key building blocks to achieving PayPoint’s target of £100 million EBITDA by the end of FY26.
PayPoint’s investment – which is reported to be around £10 million, with similar figures or more from the other investors – is aimed at strengthening the partnership between the two companies.
THG transfers division to Mike Ashley’s Frasers Group
“As a long-standing partner, we are pleased to be making a strategic investment in a key partner and that Mike Hancox and his executive team will continue to lead the Yodel business and support further growth through our industry-leading parcel network, Collect+,” said Nick Wiles, CEO of PayPoint.
“As consumer behavior continues to shift towards OOH, our ongoing strategic partnership with Yodel is a key driver to achieve £100 million EBITDA by the end of FY26.”
Yodel was rescued from the brink in February by YDLGP, a newly formed company backed by investment bank Solano Partners and logistics company Shift.
With Gousto, Argos, Vinted and Very Group among its customers, the company makes more than 190 million deliveries in Britain every year and generated a turnover of £561.8 million last year.
Development agency Liverpool wins Footasylum contract
