Skrill Limited
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Skrill Limited - overview
Established
2001
Location
London, -, UK
Primary Industry
Financial Services
About
Skrill is a digital wallet platform that specializes in facilitating online payments and money transfers globally, providing users with a convenient alternative to traditional banking systems. Skrill operates as a digital wallet service that enables users to send and receive money across the globe. Founded in 2001, the company is headquartered in London, UK. In March 2015, Skrill Group was acquired by Optimal Payments for EUR 1.
1 billion, consisting of EUR 720 million in cash and 37. 5 million new shares. The deal was completed in August 2015. The current CEO is Chirag Patel.
Skrill USA, Inc. primarily operates a digital wallet platform that facilitates money transfers and online payments. Its core offerings include the Skrill digital wallet, enabling global money transfers, instant deposits and withdrawals, and online payments without traditional banking reliance. Skrill also provides a Skrill Visa® Prepaid Card for immediate access to funds worldwide.
The platform caters to individual consumers for secure payment solutions and businesses aiming to streamline payment processes across North America, Europe, and various international markets. The company generates its revenue primarily through transactional fees associated with its digital wallet services and prepaid card usage, with charges incurred for sending or receiving money, currency conversions, and withdrawals.
Primary Industry
Financial Services
Sub Industries
Government, e-Financial, Consumer Finance, Accounting/Finance Software
Website
www.skrill.com
Verticals
E-commerce, FinTech, FinTech, Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Skrill Limited - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Skrill Limited | - | ||||||||
| Add-on | Completed | Ukash | - | ||||||||
| Secondary Buyout | Completed | Skrill Limited | - | ||||||||
| Add-on | Completed | Paysafecard | - | ||||||||
| Buyout | Completed | Skrill Limited | - |
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