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Banking Circle

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About Financials Deals
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Year established

2013

Location

Copenhagen Denmark

Primary Industry

Financial Services

About

Founded in 2013 and based in Copenhagen, Denmark, Banking Circle SA, doing business as Saxo Payments A/S, operates as a financial services company providing of infrastructure and an online banking platform for local and cross-border payment and serves a variety of client including banks and financial institutions. The company offers cloud-based payments technology and B2B banking services. In July 2018, EQT, along with the company's management and unspecified investors, agreed to acquire a majority stake in Banking Circle from Saxo Bank and Dreamcraft for DKK 2 billion.
Current Investors
Saxo Bank

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Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.bankingcircle.com
Verticals
FinTech, FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only

Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin
31 Dec 2013
3,000
-
(9,058,000)
(301933.3%)
(5,876,000)
(195866.7%)
(7,585,000)
(252833.3%)
31 Dec 2014
212,000
6966.7%
(33,869,000)
(15975.9%)
(27,493,000)
(12968.4%)
(27,147,000)
(12805.2%)
31 Dec 2015
956,000
350.9%
(69,015,000)
(7219.1%)
(61,921,000)
(6477.1%)
(55,766,000)
(5833.3%)
31 Dec 2016
31 Dec 2017
31 Dec 2018

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Deals

Deals Type
Add-on, Trade Sale
Add-on
Add-on, Trade Sale
Secondary Buyout
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)
Completed Biller 01 Feb 2022
Completed B4B Payments Ltd 16 Nov 2021
Completed YouLend Limited 01 Nov 2019
Completed Banking Circle 09 Jul 2018
Displaying 1-4 of 4

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