SafeCharge Expects 2018 Revenue to Beat Market Expectations

The company also announced two leadership changes this Wednesday.

SafeCharge, a payments technology company, has published its trading statement this Wednesday, with the firm announcing a number of key management changes and its latest revenue expectations.

According to the statement, SafeCharge expects to close 2018 on strong footing following solid trading so far this year. Specifically, it expects its processed volume for its 2018 fiscal year to come in at $14 billion, which is up by more than 40 percent from 2017. The company also forecasts its revenue to beat market expectations for the full year and fall within the range of $135-138 million.

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Furthermore, SafeCharge believes its adjusted EBITDA for the year will be in line with market expectations. This is due to the company continuing its platform development, investment in sales and marketing to support future growth.

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When looking at the year ahead, the statement said: “The Board is pleased with the Company’s strong performance during the year. The Group enters 2019 with an expanded client base and strong pipeline which gives us confidence for 2019 and beyond.”

Management Changes at SafeCharge

Also today, SafeCharge announced the appointment of Hadar Michaelis as Chief Operational Officer (COO). In this role, he is responsible for the technical operations of the SafeCharge Group. Michaelis joins the company with experience in executive management technical positions, including spending more than a decade working at Israel Discount Bank.

Michaelis is replacing Yuval Ziv, who was the former COO of the Group. Instead, he will be moving to the newly created role of Chief Commercial Officer (CCO) and will be in charge of the company’s global commercial activities.

As the CCO, Ziv will remain as an Executive Director on the board of SafeCharge. According to the statement, the two changes in management are part of the company’s efforts to strengthen and broaden its leadership team.

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