UK Business of CPI Card Group

CPI Card Group is a specialized company focusing on secure payment technologies, primarily producing EMV® chip cards and contactless solutions for the banking and fintech sectors. CPI Card Group operates in the secure payment card industry, producing innovative payment solutions. Founded in the UK, the company is headquartered in Colchester, UK. The CEO, Scott Scheirman, leads the organization, which has undergone strategic pivots over the years.

Most recently, on August 3, 2018, Sea Equity acquired the UK Business of CPI Card Group. The company has completed one deal to date. CPI Card Group specializes in payment technologies, focusing on the production of secure payment cards for banking and fintech industries. Their core offerings include EMV® chip cards, contactless dual interface cards, and eco-focused card solutions, catering specifically to banks, credit unions, and organizations needing payment solutions.

The company positions itself within the prepaid card market, emphasizing personalized cardholder products through services like Card@Once®, an instant issuance solution. Additionally, it offers innovative push provisioning services for seamless integration of payment cards into mobile wallets. CPI Card Group markets its products across North America, serving a diverse clientele including some of the largest U. S.

banks and credit unions. CPI Card Group generated revenue of USD 17. 11 mn in 2023, with an EBITDA of USD -549,819. 3 for the same year.

The company’s revenue model is based on B2B transactions with financial institutions and organizations that procure payment cards and related technologies. Key products like eco-focused cards and instant issuance solutions play a significant role in their revenue structure, with clients engaging in contractual agreements facilitating bulk orders. This model, including fulfillment services, enhances customer loyalty and drives repeat business in the payment technology sector. CPI Card Group is strategically focused on expanding its product offerings and entering new markets.

The company is exploring the launch of new payment card technologies aimed at enhancing security and usability. They are targeting expansion into additional markets across Europe and North America by 2025. The recent acquisition by Sea Equity in August 2018 supports these initiatives by providing the necessary capital and resources to develop new products and expand market reach.