mobilePeople

MobilePeople is a Danish company specializing in comprehensive payment solutions that facilitate seamless transaction processes for businesses across various sectors. MobilePeople ApS is dedicated to providing payment solutions that enhance business transactions. Founded by Young Bang, the company is headquartered in Denmark. In October 2008, MobilePeople raised DKK 40 million funding from Via Venture Partners, marking a significant milestone in its growth.

The current CEO is Ulrik Kannegaard, who is involved in steering the company towards expansion and innovation. MobilePeople ApS specializes in comprehensive payment solutions designed to facilitate seamless transactions for businesses. Their core products include NemBetaling, which supports various payment methods such as subscription payments via card, MobilePay, Betalingsservice, and account-to-account transfers. These solutions are tailored to enhance user experience by allowing customers to choose their preferred payment channels, including payments through SMS links, email, or directly on websites and applications.

The company serves a diverse client base across multiple sectors, including property management and membership organizations, with notable examples being Boligforeningen AAB and PenSam. Their services are available in the Danish market, focusing on businesses that require efficient and integrated payment systems. MobilePeople generates revenue by providing subscription-based services and transaction fees associated with their payment solutions. The business model typically involves clients subscribing to their software-as-a-service (SaaS) platform, which allows for the integration of various payment options into their existing systems.

Clients benefit from a unified payment processing solution, enhancing the end-user experience while MobilePeople charges a fee for each transaction processed through their platform. The company’s flagship products, including NemBetaling and various integrations with ePayments, contribute to its revenue stream. As of 2023, the company's EBITDA is DKK 500,281. 70.

MobilePeople plans to utilize the DKK 40 million raised in October 2008 to invest in the development of new products that enhance payment processing capabilities. The company is also looking to expand its presence in the Nordic region by targeting potential clients in Sweden and Norway by the end of 2024. This growth strategy will focus on leveraging their current offerings to penetrate new markets and improve service delivery.