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Moneybookers Recognized by Deloitte Buyout Track 100

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Leading UK-based international online payment system and electronic money issuer, Moneybookers, was recently named the fastest growing private equity-backed company by the Deloitte Buyout Track 100, which ranks the 100 fastest-growing private equity-backed companies in Britain.

According to the Deloitte Buyout Track 100, Moneybookers' profits increased by 177 per cent in a year to £13.9 million in 2008. Deloitte noted that although the industry was struggling as a whole, Moneybookers continued to outperform the market, even managing to sign up 13,000 new customers every day.

And according to the Deloitte Buyout Track 100, Moneybookers:

Signed up its 10 millionth customer to its e-Wallet, representing a 64 per cent growth year-on-year;
Doubled the number of deposits in its customer accounts;
Increased its staff headcount from 150 to 400;
Experienced a 120 per cent surge in its eCommerce transaction volume;
Extended its online merchant base from 35,000 to 60,000 as well as signed deals with large and reputable companies like Thomas Cook, eBay.com, Skype and Playfish.


Said Moneybookers co-CEO, Martin Ott, 'The [economic] crisis has made us stronger. While other firms have cut back on their spending, we have increased our investment in future growth. The high growth of our business has again been recognised and we are confident that we will build on this momentum in 2010.

Continued co-CEO, Nikolai Riesenkampff, 'Our merchants are benefitting from a substantial increase in use of the product, with deposits doubling over the past year and impressive increases in customer conversion rates. Our payment service for business customers comes with industry-leading security and fraud prevention measures. With Moneybookers not only consumers, but also merchants can feel secure due to our charge-back protection.'

This is not the first time Moneybookers has been recognized for excellence. It was also recently voted the 6th fastest-growing and most profitable IT company in the Tech Track 100, and at last year's Media Momentum Awards, Moneybookers was awarded both the Best Execution and Judges' awards.