CreditGuard
Secure Payment Solutions
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 inactive status.
Business overview
CreditGuard, formerly owned by SafeCharge, specializes in providing Payment Card Industry Data Security Standard (PCI DSS) Level 1 payment solutions. The company's core technology offers secured electronic-payment transaction solutions for credit cards, serving financial institutions, government agencies, telecommunication operators, healthcare providers, large enterprises, and SMBs. Its portfolio includes white-label processing platforms, payment gateways, reconciliation solutions, 3DSecured risk monitoring, tokenization, and anti-fraud solutions, operating within the Fintech & Insurtech sector.
Strategic signal
CreditGuard's acquisition by Max in May 2020 for NIS 70 million (approximately $20 million USD at the time) marked a significant consolidation within the payment processing industry. This event signaled a strategic move by Max to expand its payment solution offerings and integrate CreditGuard's PCI DSS Level 1 capabilities, indicating a continued trend of market consolidation and the strategic value of robust payment security technologies.
Log in to access full profile ›Company Intelligence Q&A
- What was CreditGuard's status as of May 2020?
- In May 2020, CreditGuard was acquired by Max and subsequently ceased to operate, resulting in an inactive status.
- When was CreditGuard founded?
- CreditGuard was founded in July 1998.
- What was the key development for CreditGuard in February 2020?
- In February 2020, Nuvei announced its plan to sell CreditGuard to Israel's Max Group.
- When was CreditGuard first acquired?
- CreditGuard was acquired by SafeCharge in December 2014.
- What is CreditGuard's primary business focus?
- CreditGuard provides Payment Card Industry Data Security Standard (PCI DSS) Level 1 payment solutions, including payment gateways, reconciliation, and anti-fraud tools, primarily for enterprises and financial institutions.