Pax Financial
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Pax Financial - overview
Established
2011
Location
Dublin, -, Ireland
Primary Industry
Financial Services
About
Based in Ireland, and founded in 2011, Pax Asset Management Dac, trading as AskPaul & Pax Financial, operates as a FinTech company that provides various financial services. In September 2022, Fairstone Group Ltd. , a portfolio company of Synova and TA Associates, acquired Pax Asset Management Dac. As of 2022, the company’s CEO is Paul Merriman, and it has 66 employees.
Pax Asset Management provides a wide range of financial planning services, including financial consulting services, wealth management services, income protection, business protection, investment planning, pre-retirement planning services, post-retirement planning services, and mortgage banking services. In addition, the company acts as an insurance agency that also provides various life insurance services, including term assurance and serious illness coverage, to its customers. Furthermore, the company does business under the AskPaul brand, which uses social media to offer financial guidance to customers. The company generates revenue by charging its customers for online consultations.
The plans are certified financial planner consultation (EUR 250), qualified financial advisor consultation (EUR 149), and mortgage consultation (EUR 199).
Current Investors
TA Associates, Synova, Fairstone Group Ltd
Primary Industry
Financial Services
Sub Industries
Consulting Services, Investment Banking, Mortgage Banking, Insurance Intermediaries
Website
www.pax.ie
Verticals
FinTech, InsureTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Pax Financial - timeline of key events
Pax Financial - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 392,430 | 525,534 | 573,445 | 1,232,929 | 1,811,642 | 2,396,221 | 3,170,608 | - | - | - |
| % Revenue Growth (YoY) | - | 33.9% | 9.1% | 115.0% | 46.9% | 32.3% | 32.3% | - | - | - |
| EBITDA (USD) | 16,971 | 19,626 | 8,107 | 94,475 | 215,473 | 192,132 | 595,633 | - | - | - |
| Operating Income (USD) | 2,443 | 6,253 | (10,296) | 64,881 | 171,044 | 144,932 | 543,129 | - | - | - |
| Operating Margin | 0.6% | 1.2% | (1.8%) | 5.3% | 9.4% | 6.0% | 17.1% | - | - | - |
| % EBITDA Margin | 4.3% | 3.7% | 1.4% | 7.7% | 11.9% | 8.0% | 18.8% | - | - | - |
| NET Income (USD) | 2,277 | 2,246 | (15,632) | 47,125 | 130,969 | 195,082 | 453,840 | - | - | - |
| % Net Margin | 0.6% | 0.4% | (2.7%) | 3.8% | 7.2% | 8.1% | 14.3% | - | - | - |
Pax Financial - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Pax Financial | - |
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Pax Financial - employee data
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