SafeCharge On-boards First Airline Client, Adds Tier One FX Broker

The payment services provider has recently signed a deal with a tier one FX operator, according to a trading update.

Payment services provider SafeCharge (LON:SCH) has announced that the company is expecting to meet the market expectations for its adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization).

The company has issued a trading update which details that SafeCharge (LON:SCH) signed a number of deals in the past quarter which are expected to start generating revenue in the first half of the new year. The company also outlined that it had a strong December with the momentum holding on into January.

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SafeCharge (LON:SCH) on-boarded two major sport betting operators, a tier one foreign exchange broker and the company’s first airline client. The firm is going to announce its 2015 full year results on the 10th of March 2016.

With trading continuing to be strong in the final quarter of 2015, SafeCharge (LON:SCH) expects to meet the market expectation for its EBITDA of approximately $31 million. The company’s shares have been recently trending lower, due to a broad market decline and London’s FTSE100 market entering bear market territory.

Currently the firm’s shares are trading at 242 pence per share, which is about 47 per cent higher than its IPO price of 165 pence in April 2014. Last year the company also hit an all time high of 297 pence per share.

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