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ID: MV1926

Payment Gateway Provider

United Kingdom

A 5-star reviewed payment provider which has amassed an enviable low risk client book. A high growth company, ARR has doubled in the past year.

ID: MV1926

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Turnover:
£2.2m

Industry Overview

Payment Services

Location

North-East, UK

Business Description

  • One of PayPal's leading global partners, the business focusses on providing custom payment services to their clients
  • Has built a loyal client base with a low churn rate which is almost half the industry’s average
  • Highly successful, the company has been shortlisted for numerous industry awards, including being a UK FinTech finalist
  • Fully in the growth phase, the company is actively reinvesting capital for growth, and is planning to enter the US market
  • The company processes over £60m per month, spread over 3m transactions, and has almost doubled its year-on-year transaction volumes
  • The company has a sales team which comprises of 150 self-employed individuals who currently operate in the UK and Ireland. Targets are in place to grow this number to 300 individuals
  • Strong continuity, key directors are seeking to stay on post transaction, with the key focus on the continued growth and success of the company

Financial Summary

FY23 Turnover £2.2m | EBITDA 10%
FY22 Turnover £1m | EBITDA 10%

Management & Staff

A strong and accomplished team of 18 are lead in their forward thinking and innovation by key stakeholders.
Register Interest

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.