Global online and mobile payment specialist SafeCharge has posted strong results for its first year as a publicly listed company, with revenues for the 12 months to December 31, 2014, increasing by 78 per cent to $76.9m.

SafeCharge

Gross profit was also up significantly in the period, by 79 per cent to $44.5m from $24.9m in 2013. Adjusted EBITDA was up 119 per cent to $24.7m.

In 2014, SafeCharge went from strength to strength, signing 250 new customers (2013: 185), attaining principal membership of VISA Europe and being granted approval for issuing activity by MasterCard Europe

Chairman Roger Withers said: “It is a privilege to present such an outstanding set of results in our first year as a public company.

“I congratulate David Avgi and the whole of the SafeCharge team for an excellent performance during a landmark period for the group. We entered the year trading strongly with financial strength to pursue our stated M&A strategy.”