About Prepaid Financial Services
Prepaid Financial Services is a company based in London (United Kingdom) founded in 2008 was acquired by EML Payments in November 2019.. Prepaid Financial Services has raised $3.8 million across 1 funding round from investors including EML Payments. The company has 40 employees as of January 31, 2021. Prepaid Financial Services has completed 1 acquisition, including Spectre IT. Prepaid Financial Services operates in a competitive market with competitors including Spendesk, Sodexo, Jeeves, Soldo and Ben, among others.
- Headquarter London, United Kingdom
- Employees 40 as on 31 Jan, 2021
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Sectors
Travel & HospitalityTechnology Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Prepaid Financial Services Limited
- Date of Incorporation 08 Aug, 2007
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$58.98 M (USD)0as on Jun 30, 2021
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Net Profit
$6.15 M (USD)0as on Jun 30, 2021
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EBITDA
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Total Equity Funding
$3.8 M (USD)
in 1 rounds
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Latest Funding Round
$3.8 M (USD), Series A
Nov 19, 2015
- Investors
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Employee Count
40
as on Jan 31, 2021
- Investments & Acquisitions
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Acquired by
EML Payments
(Nov 11, 2019)
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Funding Insights of Prepaid Financial Services
Prepaid Financial Services has successfully raised a total of $3.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.8 million completed in November 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $3.8M
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First Round
First Round
(19 Nov 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2015 | Amount | Series A - Prepaid Financial Services | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Prepaid Financial Services
Prepaid Financial Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include EML Payments. 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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White-label solutions for payment cards
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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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Founded Year | Domain | Location | |
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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 Prepaid Financial Services
Prepaid Financial Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Spectre IT. 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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Offers mobile application development and testing services
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2013 |
| 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 - Prepaid Financial Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Prepaid Financial Services Comparisons
Competitors of Prepaid Financial Services
Prepaid Financial Services 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 Spendesk, Sodexo, Jeeves, Soldo and Ben, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
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| domain | founded_year | HQ Location |
SaaS-driven corporate cards for expense management are provided.
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| domain | founded_year | HQ Location |
Prepaid cards are issued for managing employee benefits across categories.
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| domain | founded_year | HQ Location |
Yonder is recognized for offering rewards-focused debit and credit cards.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prepaid Financial Services
Frequently Asked Questions about Prepaid Financial Services
When was Prepaid Financial Services founded?
Prepaid Financial Services was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is Prepaid Financial Services located?
Prepaid Financial Services is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Prepaid Financial Services a funded company?
Prepaid Financial Services is a funded company, having raised a total of $3.8M across 1 funding round to date. The company's 1st funding round was a Series A of $3.8M, raised on Nov 19, 2015.
How many employees does Prepaid Financial Services have?
As of Jan 31, 2021, the latest employee count at Prepaid Financial Services is 40.
What is the annual revenue of Prepaid Financial Services?
Annual revenue of Prepaid Financial Services is $58.98M as on Jun 30, 2021.
What does Prepaid Financial Services do?
Prepaid Financial Services is an international prepaid program manager and eMoney issuer. It offers prepaid products to consumers as well as businesses across the globe. Its products include Spark Personal or business budgeting prepaid MasterCard which can be loaded in-store or via bank transfer, Travel money cards Euro, US dollar, South African Rand and a dollar-denominated travel cards. Cardholders cannbsp view card balance, and transactions and reload cards via its online account management facility, Business expense cards, and Prepaid employee cards for company expenses or per diem allowances. Provides real-time reporting of how and where the card is being used and reloads the card as and when required. Money share cards: Remittances cards for foreign currency transactions. Virtual cards, a prepaid card for internet or telephonic purchases. Instant issue cards prepaid cards which are readily available at retail stores and do not require any documentation to be completed. Payroll cards enable employees to receive payment on their cards rather than checks.
Who are the top competitors of Prepaid Financial Services?
How many acquisitions has Prepaid Financial Services made?
Prepaid Financial Services has made 1 acquisition, including Spectre IT.
Who are Prepaid Financial Services's investors?
Prepaid Financial Services has 1 investor. Key investors include EML Payments.