SafeCharge, a leader in advanced payment technologies, has announced another strong set of FY16 results this week.
The company has a substantial new pipeline of business in 2017, adding US$1bn of new transaction volumes for the year, with significant new customers set to join the platform in the first half. In addition, the business has established its presence in Italy, Asia and the US.
FY16 revenues are up four per cent to $104m, gross profit increased five per cent to $60.7m and adjusted EBITDA rose 14 per cent to $35.3m. Transaction volumes grew by 17 per cent, reaching $8.1bn.
David Avgi, CEO of SafeCharge, said: “I am pleased to report a good set of results. It has been another year of strong performance in the core business and the company has made positive steps with the implementation of its organic growth strategy.
“We continue to invest in our payment and risk platform to support future growth and are delighted that our customers recognise the benefits that SafeCharge’s payments solutions bring to them.
“The group is confident that its focus on delivering high-quality revenue combined with a substantial pipeline of new business will yield further revenue growth in 2017 and build stronger profitable momentum in 2018.”
