About Ecentric
Ecentric is a company based in Cape Town (South Africa) founded in 1998.. Ecentric has completed 1 acquisition, including ThumbzUp. Ecentric offers products and services including In Person Payments, Online Payments, and ReconAssist. Ecentric operates in a competitive market with competitors including Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, among others.
- Headquarter Cape Town, South Africa
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Ecentric Payment Systems
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Ecentric
Ecentric offers a comprehensive portfolio of products and services, including In Person Payments, Online Payments, and ReconAssist. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for safe in-store payment and value-added processing.
Platform enabling various online transaction experiences.
Tool for automated payment reconciliation and finance management.
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Funding Insights of Ecentric
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2019 | Amount | Private Equity Round - Ecentric | Valuation | FSS |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ecentric
Ecentric has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Financial Software and Systems. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Financial Software and Systems is engaged in providing payment technology solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ecentric
Ecentric has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ThumbzUp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Wireless card payment terminal provider.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ecentric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ecentric Comparisons
Competitors of Ecentric
Ecentric operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Payment services and analytics solutions are provided for businesses.
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Payment processing, POS and Gift Card services
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Electronic payments and transaction processing solutions are offered globally.
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Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Card-issuing and payment processing solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Merchant acquiring and card processing services are provided in Brazil.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ecentric
Frequently Asked Questions about Ecentric
When was Ecentric founded?
Ecentric was founded in 1998 and raised its 1st funding round 21 years after it was founded.
Where is Ecentric located?
Ecentric is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Who is the current CEO of Ecentric?
Hassen Sheik is the current CEO of Ecentric.
What does Ecentric do?
Founded in 1998 and based in Cape Town, South Africa, Ecentric operates in the fintech sector with a focus on payment processing. Services encompass point-of-sale solutions, omnichannel gateways, white-label gift and loyalty card issuance, transaction reporting, fraud and risk management, telephonic payments, and mobile wallets. The PoS suite supports mobile payments, money transfers, prepaid purchases, and bill payments, including non-authenticated early order transactions.
Who are the top competitors of Ecentric?
Ecentric's top competitors include Worldpay, Adyen and Euronet Worldwide.
What products or services does Ecentric offer?
Ecentric offers In Person Payments, Online Payments, and ReconAssist.
How many acquisitions has Ecentric made?
Ecentric has made 1 acquisition, including ThumbzUp.
Who are Ecentric's investors?
Ecentric has 1 investor. Key investors include Financial Software and Systems.
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