CreditGuard

Secure Payment Solutions

Fintech & Insurtech
Acquired (Inactive) by Max on May 2020 - ceased to operate

Company Overview

Snapshot

Founded in July 1998, CreditGuard operated with 11–50 employees, providing secure payment solutions. The company was acquired by Max in May 2020, leading to its cessation of operations.

Business overview

CreditGuard, formerly owned by SafeCharge, specialized in Payment Card Industry Data Security Standard (PCI DSS) Level 1 payment solutions. The company offered secure electronic-payment transaction solutions for credit cards, serving financial institutions, government agencies, telecommunication operators, healthcare providers, and various large enterprises and SMBs. Its portfolio included white-label processing platforms, payment gateways, reconciliation solutions, 3DSecured risk monitoring, tokenization, and anti-fraud solutions, processing over 30 billion transactions annually across four continents within the Fintech & Insurtech sector.

Strategic signal

In February 2020, Max acquired CreditGuard from SafeCharge for NIS 70 million. This acquisition marked a significant consolidation in the payment solutions market, indicating Max's strategic move to expand its capabilities in secure electronic transactions and integrate CreditGuard's established PCI DSS Level 1 payment solutions into its offerings.

Company Intelligence Q&A

When was CreditGuard acquired by Max?
CreditGuard was acquired by Max in May 2020, ceasing its operations following the acquisition.
What was the reported acquisition amount when Max bought CreditGuard?
Max acquired CreditGuard from SafeCharge for NIS 70 million in February 2020, as reported by Globes.
When was CreditGuard initially acquired by SafeCharge?
CreditGuard was acquired by SafeCharge in December 2014.
What type of payment solutions did CreditGuard provide?
CreditGuard provided Payment Card Industry Data Security Standard (PCI DSS) Level 1 payment solutions, including white-label processing platforms, payment gateways, and anti-fraud solutions.
Which industries did CreditGuard serve with its payment solutions?
CreditGuard served financial institutions, government agencies, telecommunication operators, healthcare providers, large enterprises, and SMBs with its secure electronic payment solutions.

External links