SafeCharge, a cost processing expertise supplier, has revealed its interim outcomes for the six months ended 30 June 2018. Constructing on from its sturdy efficiency in 2017, the agency has but once more reported sturdy operational and monetary outcomes.
SafeCharge is a significant cost expertise suppliers within the monetary and gaming industries. Throughout the first half of 2018, the agency skilled sturdy income development, rising by 26 per cent to succeed in $66.eight million. That is compared to the identical time interval in 2017, when $53.zero million in income was recorded. In accordance with the report, this development was pushed by attracting new shoppers and increasing the relationships with its current clients.
Gross revenue additionally noticed good development, climbing to $36.6 million. That is 20 per cent larger than the primary half of 2017, which had a gross revenue of $30.four million. SafeCharge additionally recorded a 15 per cent uptick in adjusted EBITDA to $18.zero million.
Throughout the first half of this yr, the corporate achieved some spectacular operational outcomes. The quantity of processed quantity jumped by a big 59 per cent year-on-year to hit $6.7 billion. The funds processing supplier additionally noticed a 27 per cent development within the worth of transactions processed by its personal buying platform.
Commenting on the outcomes, David Avgi, CEO of SafeCharge, stated: “I’m happy to report a powerful set of outcomes for the primary half of 2018. Due to intensified advertising efforts and a strengthened gross sales crew, SafeCharge’s strong infrastructure, superior expertise and revolutionary strategy to funds are gaining elevated market recognition.
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We’re solely at the start of our journey. Our extremely scalable proprietary Funds Engine has been designed to ship superior efficiency translating into a greater consumer expertise and elevated revenues for our clients.”
Jeremy Nicholds leaves SafeCharge
Along with saying its first-half outcomes, SafeCharge additionally introduced right now that non-executive director Jeremy Nicholds has resigned from his place on the board. In accordance with the announcement, he’ll proceed to work for the corporate till September 30, 2018.
Nicholds has been working at SafeCharge since October 2016. Throughout his profession, he has held a set of government, senior and advisory roles at quite a few firms reminiscent of Visa, Mastercard, NatWest and Thomson Reuters.
The board has additionally begun to search for a alternative for Roger Withers, the Non-Govt Chairman of SafeCharge. That is in anticipation of his retirement.
Commenting on Nicholds departure, Withers stated: “On behalf of the Board I wish to thank Jeremy for his important contribution to the Firm and want him one of the best.”