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March 28, 2007
ePayment's Moneybookers Bought Out By PE Firm For €105M
London's Moneybookers, an online payment provider and the UK's first FSA-licensed e-money issuer, says that private equity firm Investcorp Technology Partners has bought-out of the company for €105M. The company was 100% owned by Gatcombe Park Ventures in London.
Moneybookers says its processed transaction volume reaching more than EUR2.5B with 3M account holders. Moneybookers customers can pay and at more than 3,500 online shops that are using Moneybookers without entering their payment details. Moneybookers charges never exceed EUR0.50 for sending money worldwide.
So why are people using Moneybookers rather than PayPal or Google Checkout? It seems that Paypal still does not work or work well in a number of countries.
View - Press release
Posted on March 28, 2007 06:36 PM | Posted to eCommerce | Permalink
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