EQS-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s): Miscellaneous
The Payments Group receives an e-money license
04.09.2024 / 11:51 CET/CEST
The issuer is responsible for the content of this announcement.
+++ Press release +++
The Payments Group receives an e-money license
Frankfurt am Main, 4. September 2024 – Calida Financial Ltd., a Malta-based internet payment service provider in which The Payments Group Holding (“PGH”), currently still trading as SGT German Private Equity and based in Frankfurt am Main, as well as in other payment service providers, acquired (indirectly) a majority stake on August 13, 2024, has received an e-money license from the Maltese financial regulator MFSA. This license authorizes Calida Financial Ltd. to offer innovative e-money services and products throughout Europe. The license is now to be activated in all EU member states as part of the passporting process provided for this purpose. Seth Iorio, board member and founder of Funanga AG and designated managing director of The Payments Group Holding, and Jens Bader, CEO of Calida Financial Ltd., expect this development to lead to a significant increase in sales for the payment service providers operating under the ‘The Payments Group’ brand.
Jens Bader, CEO of Calida Financial Ltd., commented: “The process of obtaining an e-money license is extremely demanding and requires the establishment and maintenance of comprehensive structures and processes for the operation of a financial institution. Our team in Malta is proud and relieved to have now reached this milestone. This opens up numerous new opportunities for us that many of our customers have been waiting for. This development significantly strengthens our competitive position and accelerates our growth.”
Über The Payments Group Holding
The Payments Group Holding is a listed investment company based in Frankfurt am Main.
From its history as a leading German venture capital provider, under the former name German Startups Group, SGT German Private Equity holds a heritage portfolio of minority investments in some promising German tech startups. Further information on The Payments Group Holding can be found at www.sgt-germanpe.com.
Investor Relations Contact
Rosenberg Strategic Communications
Dirk Schmitt
d.schmitt@rosenbergsc.com
+49 170 302 8833
04.09.2024 CET/CEST Publication of a corporate news/financial news item, transmitted by EQS News – a service of EQS Group AG.
The issuer is responsible for the content of this announcement.
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