Creditcall Surpasses Growth Milestone
Omni-channel payment company poised for long-term growth in multiple key business areas.
Bristol, UK- 6 June 2017 - Creditcall, the omni-channel Payment Gateway and EMV Kernel provider, today shared a series of impressive data points that highlight the company’s recent successes and serve as indicators for long-term growth. Indeed, in nearly every measurable way, Creditcall has been experiencing remarkable organic growth over the past 12 months:
“While companies can inflate growth numbers with outside funding and by operating in the red, the single most impressive point concerning all the various success we’ve had in the past 12 months is that we’ve done so with no outside funding,” says Lars Pedersen, CEO at Creditcall. “Our growth has been 100% bootstrapped and we’re profitable.”
Monthly Recurring Revenue Growth
The company has experienced a 34% increase in monthly recurring revenue across all verticals. Historically, Creditcall focused heavily on the parking vertical. While that market continues to be a strong focus, the company has opened new verticals, partially motivated by the EMV liability shift within the United States. Today, Creditcall has experienced an 82% increase in monthly recurring revenue within E-commerce, Vending, Ticketing, and Retail markets.
When it comes to EMV certifications, Creditcall’s history of navigating the certification process for hundreds of software developers over the past decade has resulted in a 100% first time pass EMV certification track record. This expertise has led to a 300% increase in the pace of Creditcall’s EMV Level 3 certifications over the last 12 months. Over the past two years, device support has increased from 4 to 25 across 15 manufactures, by adding up to an average of 15 processor certifications per month.
Interest from independent software vendors (ISVs), independent sales organisations ISOs, and other payment partners continues to increase. Creditcall saw a 300% uplift in qualified leads over last 12 months obtained through the company’s website and digital marketing efforts. A large part of this success is due to usability and SEO initiatives undertaken with the launch of Creditcall’s new web site in 2016, as well as the use of marketing automation tools.
Gateway Use, Market Share Growth
As more ISVs take advantage of Creditcall’s SDKs, it’s led to an increase in the use of Creditcall’s gateway. Whether via e-commerce, through a mobile app, in a parking device, vending machine, or in a retail establishment, Creditcall has seen a 60% increase in the number of card present and card not present connections to its gateway over the past 12 months.
None of the above-mentioned growth would be possible if not for the hard work and commitment of the people who work at Creditcall. As part of its growth strategy, since 2016 the company grew by almost 30% and has just hit the 100-employee milestone.
The sum of all these numbers is that Creditcall has substantially increased its market share within the past 12 months. With an increase in leads, certification pace, and gateway use, Creditcall’s growth is expected to continue to accelerate well into the future.
To find out more, visit Creditcall booth B5 during Money 20/20 Europe in Copenhagen, on 26-28 June 2017 or visit www.creditcall.com.
Creditcall provides the tools to enable secure payment acceptance in-store, self-service, online and mobile. From retail and hospitality, to parking, vending, transportation or charity applications, Creditcall’s omni-channel Payment Gateway and EMV Kernels are at the very heart of its partners' businesses, enabling them to focus on what they do best. For more information please visit www.creditcall.com or follow on Twitter @creditcall.
Head of Marketing, Creditcall