Tag: payment processor

March 31, 2014 BY Gerald Segal

IPO fever continues - SafeCharge raises $126 million

Teddy Sagi's SafeCharge raises $126m on AIM iGaming affiliate XLMedia upsized their IPO last week on the London Alternative Investment Market (AIM). Now it is payment clearing company SafeCharge’s turn. SafeCharge has become one of Europe's leading clearing companies, with a focus, for now at least, on the gaming industry as well as online trading…

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March 11, 2014 BY Gerald Segal

SafeCharge plans IPO, reveals financial info

Payment processor SafeCharge expects Revenue of $61 million in 2014, EBITDA of $18 million. IPO fever is in the air..... Israel business newspaper Globes reports that payment processor SafeCharge is going to pursue an IPO on the London Stock Exchange's AIM market. SafeCharge is owned 90% by online gaming software magnate Teddy Sagi of Playtech…

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March 05, 2014 BY Andrew Saks-McLeod

FCA prepares to launch dedicated payment services regulator to stimulate competition

Britain's financial markets regulatory authority set to introduce a dedicated service for overseeing payment systems by April 2015 The Financial Conduct Authority (FCA), Britain's official regulatory authority charged with the oversight of business ethics and consumer protection within the financial services industry has today announced that it intends to create an entirely new regulatory body…

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January 14, 2014 BY Gerald Segal

Is eBay about to introduce its own version of Bitcoin?

We need a payment systems revolution and Bitcoin is part of the solution, Paypal could be jumping on the bandwagon Forget about copycats that are trying to take away the crown of Bitcoin amongst digital currencies – forget about the satiric ambitions of Dogecoin (yes, really...) and the daring Coinye (formerly Coinye West...). If you…

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August 29, 2013 BY Gerald Segal

Payment processor company Credorax raises $40 million

Fin-tech VC firm FTV helps Credorax build $40 million warchest to expand to new markets. Payment processing solutions developer Credorax has raised $40 million from New York-based venture capital firm FTV Capital, which specializes in financial technologies. According to Israeli business newspaper Globes, FTV's $40 million gave it a 20% stake in Credorax, meaning that…

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May 27, 2013 BY Gerald Segal

Bitcoin world dealt another blow as Liberty Reserve shut down

Payment processor Liberty Mutual owner Arthur Budovsky arrested in Spain in a money laundering investigation. Things keep getting murkier in Bitcoin land. After the US government froze a mobile payments account associated with leading Bitcoin exchange Mt. Gox, and the CFTC indicated it is looking at regulating Bitcoin trading, now comes word that payment processor Liberty Mutual has been shut down,…

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