Riverty

Riverty was founded in 1961 as a B2B factoring business supporting the printing and publishing operations of the Bertelsmann group.^[4] By the late 1990s, the business had expanded significantly, serving international clients and offering financial management, warehousing, and IT services under the Arvato brand.^[5][4] In the 2000s, Arvato Financial Solutions expanded into credit risk management, fraud prevention, debt collection, and emerging consumer payment products, including BNPL.^[6]

In 2005, Arvato joint-ventured with Infoscore, Germany's credit agency and debt collection provider, integrating its data and accounts receivable services.^[7] In 2013, the company acquired Gothia Financial Group, a Nordic provider of invoice and debt management services.^[8] In 2014, Arvato Financial Solutions continued its expansion by acquiring Dutch payment services provider Afterpay, adding BNPL capabilities to its suite of services.^[9] In the same year, the company also established Infoscore Nederland B.V.^[10] In 2020, the company underwent several portfolio adjustments: the “Auskunftei” business was carved out and sold to global information services company Experian, and the German debt collection arm was rebranded as Paigo.^[11] Additionally, Arvato Financial Solutions acquired a majority stake in the Swiss MF Group.^[12][13][14] In 2022, Arvato Financial Solutions simplified its business by merging its various brands, like AfterPay and Paigo, under one brand roof called Riverty.^[15][16]

Riverty received the Red Dot Design Award in 2023.^[17][18] In October 2024, the company's Dutch subsidiary, Riverty Services Netherlands B.V., was registered in the Netherlands’ official Incassoregister, allowing it to operate as a debt collection service provider.^[19] In the same year, Riverty received regulatory approval from the German Federal Financial Supervisory Authority (BaFin) under the German Credit Servicing Act (KrZwMG), allowing the company to provide regulated credit servicing activities in Germany.^[20][21] Riverty partnered with companies like Mollie and Adyen to make its "buy now, pay later" services available on more online shopping websites.^[22][23]

Riverty operates as a subsidiary of Bertelsmann^[24] and maintains its headquarters in Verl, Germany.^[25] The company works across multiple European markets, including Germany, Austria, Switzerland, the Netherlands, Ireland, Luxembourg, Poland, Norway, Sweden, Denmark, Finland, and Estonia.^[26][27]

Riverty provides payment, accounting, and debt collection services across multiple markets, serving merchants, consumers, and institutional clients including e-commerce retailers, public transport providers, telecommunications companies, EV charging operators, insurers, banks, and other financial services providers.^[28][29]

The Pay & Credit division provides BNPL services, including short- and medium-term invoice plans, monthly invoices, and installment options like “Pay in 3” (Netherlands) and “Flex,” which lets users adjust repayments via the Riverty app.^[30]

Riverty has integrated artificial intelligence into its operations, focusing on automating and enhancing customer service processes.^[31] The company collaborates with technology partners such as Microsoft, Adyen, and Parloa to develop AI-driven solutions, including voice assistants and intelligent service tools.^[32][33][16]