ZebraPay finances its local and international expansion with capital market funds
ZebraPay , operating on the local ATM market, with over 5,700 SelfPay payment stations nationwide, listed today, July 27th, bonds worth EUR 3mn. The company’s bonds are traded on Bucharest Stock Exchange’s Multilateral Trading System under the ticker PAY26E. The listing of the bonds follows a private placement of bonds through which the company attracted from the capital market investors the financing necessary for the development of the network of Payment Stations at national and international level and for the diversification of services.
‘Since the beginning of the year, we have continued to finance the economy, and corporate bonds and government bonds for retail investors have been some of the most used instruments for this. The value of all corporate bond issues and government bonds listed since the beginning of the year exceeds 1 billion euros, funds that support the development of the economy. We are glad that SelfPay has chosen the capital market to implement its expansion plans at national and international level. Good luck!’, said Radu Hanga, Bucharest Stock Exchange President.
‘For SelfPay, issuing bonds and listing them on the capital market means not only financing for local and international expansion plans, but also a huge amount of investors’ confidence. It means entering the big league of businesses with 100% Romanian DNA`, said Adrian Badea, SelfPay CEO.
The private placement for SelfPay bonds was carried out in early June this year. The company issued 30,000 bonds, with a face value of EUR 100 and an interest rate of 5.5% p.a, that will reach maturity on June 16th, 2026. During the private placement, 99 investors subscribed, and the minimum subscription of an investor of was 200 bonds, respectively EUR 20,000. The private placement and listing of the bonds were carried out with the support of BT Capital Partners, the investment banking and capital markets division of Banca Transilvania Financial Group.
`BT Capital Partners’ mission to contribute to the development of the local business environment, of the capital market, as well as to offer to investors the chance to participate in unique investment opportunities, continues by adding a new sector on the Romanian capital market. The diversification of the activity sectors of the companies that turn their attention to alternative financing through Bucharest Stock Exchange will ensure a wider range of investment opportunities, and the fintech field attracts more and more interest from investors. We thank the partners from ZebraPay for their trust and we are happy to be with them on the road to the capital market`, mentioned Daniela Secara, BT Capital Partners CEO.
ZebraPay, founded in 2009, recorded revenues of RON 112.5mn in 2020, an increase of 23% compared to 2019 when it recorded revenues of RON 91.5mn. For 2021, the company forecasts a 15% increase in revenues, up to RON 129.9mn, and for 2022 up to RON 167.3mn.