SafeCharge is a major payment technology providers in the financial and gaming industries. During the first half of 2018, the firm experienced strong revenue growth, increasing by 26 per cent to reach $66.8 million. This is in comparison to the same time period in 2017, when $53.0 million in revenue was recorded. According to the report, this growth was driven by attracting new clients and expanding the relationships with its existing customers.
Gross profit also saw nice growth, climbing to $36.6 million. This is 20 per cent higher than the first half of 2017, which had a gross profit of $30.4 million. SafeCharge also recorded a 15 per cent uptick in adjusted EBITDA to $18.0 million.
During the first half of this year, the company achieved some impressive operational results. The amount of processed volume jumped by a significant 59 per cent year-on-year to hit $6.7 billion. The payments processing provider also saw a 27 per cent growth in the value of transactions processed through its own acquiring platform.
Commenting on the results, David Avgi, CEO of SafeCharge, said: “I am pleased to report a strong set of results for the first half of 2018. Thanks to intensified Marketing efforts and a strengthened sales team, SafeCharge’s robust infrastructure, advanced technology and innovative approach to Payments are gaining increased market recognition.
We are only at the beginning of our journey. Our highly scalable proprietary Payments Engine has been designed to deliver superior performance translating into a better user experience and increased revenues for our customers.”
Jeremy Nicholds leaves SafeCharge
In addition to announcing its first-half results, SafeCharge also announced today that non-executive director Jeremy Nicholds has resigned from his position on the board. According to the announcement, he will continue to work for the company until September 30, 2018.
Nicholds has been working at SafeCharge since October 2016. During his career, he has held a suite of executive, senior and advisory roles at a number of companies such as Visa, Mastercard, NatWest and Thomson Reuters.
The board has also begun to look for a replacement for Roger Withers, the Non-Executive Chairman of SafeCharge. This is in anticipation of his retirement.
Commenting on Nicholds departure, Withers said: "On behalf of the Board I would like to thank Jeremy for his significant contribution to the Company and wish him the best."
SafeCharge is a major payment technology providers in the financial and gaming industries. During the first half of 2018, the firm experienced strong revenue growth, increasing by 26 per cent to reach $66.8 million. This is in comparison to the same time period in 2017, when $53.0 million in revenue was recorded. According to the report, this growth was driven by attracting new clients and expanding the relationships with its existing customers.
Gross profit also saw nice growth, climbing to $36.6 million. This is 20 per cent higher than the first half of 2017, which had a gross profit of $30.4 million. SafeCharge also recorded a 15 per cent uptick in adjusted EBITDA to $18.0 million.
During the first half of this year, the company achieved some impressive operational results. The amount of processed volume jumped by a significant 59 per cent year-on-year to hit $6.7 billion. The payments processing provider also saw a 27 per cent growth in the value of transactions processed through its own acquiring platform.
Commenting on the results, David Avgi, CEO of SafeCharge, said: “I am pleased to report a strong set of results for the first half of 2018. Thanks to intensified Marketing efforts and a strengthened sales team, SafeCharge’s robust infrastructure, advanced technology and innovative approach to Payments are gaining increased market recognition.
We are only at the beginning of our journey. Our highly scalable proprietary Payments Engine has been designed to deliver superior performance translating into a better user experience and increased revenues for our customers.”
Jeremy Nicholds leaves SafeCharge
In addition to announcing its first-half results, SafeCharge also announced today that non-executive director Jeremy Nicholds has resigned from his position on the board. According to the announcement, he will continue to work for the company until September 30, 2018.
Nicholds has been working at SafeCharge since October 2016. During his career, he has held a suite of executive, senior and advisory roles at a number of companies such as Visa, Mastercard, NatWest and Thomson Reuters.
The board has also begun to look for a replacement for Roger Withers, the Non-Executive Chairman of SafeCharge. This is in anticipation of his retirement.
Commenting on Nicholds departure, Withers said: "On behalf of the Board I would like to thank Jeremy for his significant contribution to the Company and wish him the best."
TerraPay and barq Set the Stage for Swift and Secure Cross-Border Transfers
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa