Telenet and Isabel Group are continuing Doccle and are working on the platform of the future
Isabel Group acquires 50% of Doccle
Telecom company Telenet and FinTech company Isabel Group announced today that they are continuing the digital platform Doccle together and want to take it to a higher level. Earlier this year, Telenet entered into an agreement with Acerta and the National Relief Fund (Christelijke Mutualtiteit, hereinafter referred to as “CM”) to acquire their shares and has now entered into an agreement with Isabel Group to acquire its 50% of the shares to sell in Doccle. Telenet and Isabel Group will each own half of the company within a short period of time.
The entry into Doccle fits in with the strategy of Isabel Group, which also owns Zoomit, among others, to further digitize payments, administration and document management. For Telenet, this acquisition and subsequent sale of part of the shares is in line with Telenet’s ambition to make maximum efforts to digitize customer experiences. Telenet and Isabel Group want to invest an additional 5 million euros in the coming years to make Doccle the platform of the future.
Doccle is the largest digital administration platform in Belgium. The platform was founded as an independent start-up in 2012 by Telenet, Acerta and the Nationaal Hulpfonds (CM) to bundle their digital administration. More than 2.2 million Belgians now receive, manage and store more than 125 million documents per year on Doccle. Thanks to the interactive app that collects all documents in a reliable digital environment, Doccle offers safe, simple and fast management of personal administration. Every Belgian can receive his government documents on Doccle by connecting to eBox. The company works together with hundreds of large and small companies and organizations from all possible sectors, such as: payroll administrators, water companies, banks, insurance companies, social insurance funds for the self-employed, health insurance companies, and even waste management companies.
Doccle is now ready for a new growth phase to organize the digital administration of families and the self-employed even better, by integrating innovative digital applications such as automating billing flows and linking insights and actions on documents in the platform. Because both Acerta and CM do not see these further developments as part of their strategy, Telenet Group Holding entered into an agreement earlier this year to acquire their shares and started looking for a strategic partner to realize that growth.
On 10 June 2021, Isabel Group signed an agreement to purchase 50% of Telenet’s participation in Doccle following the buy-out of Acerta and CM by Telenet.
Together, Telenet and Isabel Group want to take Doccle to a higher level and make it the digital platform of the future. Both residential customers and companies need a low-threshold but super-secure environment where they can carry out all transactions related to administration, exchanging data with suppliers, ordering online, paying, following up or canceling transactions in no time at all. In other words: Doccle must become the safest digital document and data safe that combines archiving, filtering and consulting documents with, in due course, also new forms of payment, viewing payment history, etc.
The entry is fully in line with Isabel Group’s strategy: with Zoomit and payment platform Isabel, among others, it has been focusing on the digitization of payments for decades.