Global leading payment service provider SafeCharge is planning an IPO for the estimated sum of $100 million on the London Alternative Investment Market (AIM).
SafeCharge specializes in high risk accounts and provides payment services for industries such as FOREX and gaming. SafeCharge boasts over 500 active accounts with notable names such as Gala Coral, Rank Digital Gaming, William Hill and FXPro.
The planned IPO is set for early April 2014.
”Online sales need new technology. Our business is at the heart of these rapid changes in online commerce, helping end users to safely, reliably and successfully transact with our merchant clients, using the latest technologies and techniques. We’re very excited by the prospect of listing in London, which will improve the Group’s profile amongst prospective clients and should enable us to grow both organically and through acquisitions,” stated SafeCharge CEO David Avgi in an official statement.
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According to the statement released by SafeCharge, besides the IPO, current plans for 2014 include a digital wallet expected to launch sometime in Q4 2014. In addition, the firm plans to acquire other PSPs and payment solution to expand its reach in Asia-Pacific and the Americas.
Between 2010 and 2013 SafeCharge saw significant growth resulting in processed transactions growing from $1.6 billion in 2010 to $4.8 billion in 2013.
SafeCharge also recently received merchant acquiring status from MasterCard and is now a MasterCard principal partner.