SafeCharge

Company Overview

Snapshot

Founded in January 2007, SafeCharge operated with 51–200 employees. The company raised $125 million across one funding round. A significant milestone occurred in May 2019 when Nuvei acquired SafeCharge for $889 million.

Business overview

SafeCharge, now a Nuvei company, provides omni-channel payment services for businesses, enabling local and global growth through a single integration. Its core technology is a proprietary payment platform that connects to major card schemes like Visa and Mastercard, alongside over 300 local payment methods. The company also offers advanced risk management solutions. SafeCharge serves a diverse, blue-chip client base across various vertical markets, operating within the Fintech & Insurtech sector, specifically focusing on Money Transfer & Management, and targeting Commerce & Retail, including eCommerce Platforms.

Strategic signal

In February 2020, SafeCharge, as a Nuvei company, expanded its European market presence by launching into Slovakia and the Czech Republic through a partnership with Fortuna Entertainment Group. This strategic move demonstrates the company's continued growth trajectory and its ability to localize payment processing capabilities, which is crucial for capturing market share in diverse regulatory and consumer landscapes within the European betting and gaming sector.

Company Intelligence Q&A

What was the most significant corporate event for SafeCharge?

In May 2019, Nuvei acquired SafeCharge for $889 million. This acquisition integrated SafeCharge's European, Asian, and Latin American market presence with Nuvei's North American focus, creating a global payment solutions provider.

What was SafeCharge's last major market expansion?

In February 2020, SafeCharge, operating as a Nuvei company, launched its payment processing services in Slovakia and the Czech Republic through a partnership with Fortuna Entertainment Group, a prominent betting and gaming operator in Central and Eastern Europe.

Did SafeCharge make any acquisitions?

In December 2014, SafeCharge acquired the Israeli payment solutions company CreditGuard. This acquisition was intended to expand SafeCharge's customer portfolio and facilitate entry into new sectors such as telecommunications, airlines, and travel.

What was SafeCharge's public market status?

SafeCharge was delisted from the AIM stock exchange in October 2019, following its acquisition by Nuvei in May 2019. The company had previously conducted an Initial Public Offering (IPO) on AIM in April 2014.

How did SafeCharge expand its payment options for Chinese travelers?

In October 2018, SafeCharge partnered with World Duty Free at London Heathrow Airport to enable Chinese travelers to use WeChat Pay for in-store purchases. This initiative aimed to cater to the growing spending power of Chinese shoppers by supporting QR code-based payment methods.