XELA - XBP Europe Completes Business Combination with CF Acquisition Corp. VIII | Benzinga
LONDON and NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) -- XBP Europe, Inc. ("XBP Europe") announced today that it has completed its business combination with CF Acquisition Corp. VIII (NASDAQ:CFFE) ("CF VIII"). The combined company will operate as XBP Europe going forward and, beginning on November 30, 2023, XBP Europe shares will trade on the Nasdaq Stock Market under the ticker symbol "XBP" and its warrants will trade on the Nasdaq Stock Market under the ticker symbol "XBPEW".
XBP Europe is a pan-European integrator of bills and payments. It connects buyers and suppliers, across industries, to optimize clients' bills and payments processes to advance digital transformation, improve market wide liquidity, and encourage sustainable business practices. As a leader in bills and payments, XBP Europe provides business process management solutions with software suites and deep domain expertise, serving as a technology and operations partner for its clients' strategic journeys. XBP Europe services over 2,000 clients across Europe, consisting of long standing relationships with many blue chip companies. Thanks to its cloud based structure and configuration flexibility, XBP Europe is able to deploy its solutions to clients in any EMEA market.
"Our European business has a long operating history and I am thankful and proud of all the dedicated colleagues that make XBP Europe a premier integrator of bills and payments as well as a leader in digital transformation," said Andrej Jonovic, CEO of XBP Europe. "As we begin a new chapter in the public markets, I look forward to keeping investors and clients alike informed on our progress."
Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and CF VIII, stated, "XBP Europe is a unique asset that has the potential to become a valuable part of the European payments network. We are excited about XBP Europe's potential to grow its market share."
About XBP Europe
XBP Europe is a pan-European integrator of bills, payments and related solutions and services seeking to enable digital transformation of its more than 2,000 clients. The company's name – ‘XBP' stands for ‘exchange for bills and payments' and reflects the company's strategy to connect buyers and suppliers, across industries, including banking, healthcare, insurance, utilities and the public sector, to optimize clients' bills and payments and related digitization processes. The company provides business process management solutions with proprietary software suites and deep domain expertise, serving as a technology and services partner for its clients. Its cloud-based structure enables it to deploy its solutions across the European market, along with the Middle East and Africa. The physical footprint of XBP Europe spans 15 countries and 34 locations and a team of approximately 1,500 individuals. XBP Europe believes its business ultimately advances digital transformation, improves market wide liquidity by expediting payments, and ...