Bambora AB

Bambora AB is a payment service provider specializing in delivering a variety of payment processing solutions for businesses of all sizes, facilitating secure transactions across multiple platforms. Bambora AB, founded in 1983 and headquartered in Stockholm, Sweden, is a payment service provider that enables businesses to process transactions efficiently. The company underwent a significant change when it was sold to Ingenico SA in November 2017 for EUR 1. 5 billion, marking a pivotal moment in its operational direction.

Bambora does not have any known subsidiaries or parent companies and has participated in two deals, with the most recent occurring on July 20, 2017. The founder's background information is not provided. Bambora AB offers a comprehensive suite of payment solutions that cater to a diverse range of businesses, including payment terminals for physical retail, e-commerce solutions for online shops, and an integration platform that enhances payment workflows. The services aim to improve transaction security and customer experiences within various sectors such as retail, hospitality, travel, and financial services, enabling clients to handle payments in local currencies and adapt to digital payment trends.

The company's solutions are available in several international markets across Europe, North America, and parts of Asia. In 2015, Bambora reported a revenue of EUR 0 mn. The company's EBITDA for the year 2017 was EUR -10,647. Following its acquisition in 2017, Bambora AB is focused on leveraging its latest funding to enhance its product offerings and expand into new markets.

The company plans to develop and launch new payment solutions, although specific products and release dates are not disclosed. Additionally, Bambora aims to penetrate further into markets across Europe and into North America, with strategic initiatives to be set in motion over the coming years. The EUR 1. 5 billion from the recent Trade Sale is expected to support these growth initiatives.