PGH Announces Timetable for FinTech Transformation

On November 13, 2024, The Payments Group Holding (PGH) outlined plans for closing its transformative acquisition to become a fast-growing FinTech company by Q1 2025. PGH aims to acquire significant stakes in four internet payment service providers. The deal involves cash and treasury shares valued at 2.40 EUR per PGH share. The new entity expects a transaction volume of 140 million euros in 2025.

TPG, consisting of Funanga AG, Campamocha Ltd., and others, operates in 190 countries, providing seamless global payment solutions. The e-money license recently granted to Calida Financial Ltd. will enable TPG to offer innovative services across Europe. PGH anticipates a substantial net profit per share in 2025, with sales growth forecast to exceed 50% annually from 2021 to 2025.

The acquisition, valued at 23.1 million EUR for PGH and 92.5 million EUR for TPG, awaits approval from the Malta Financial Services Authority. Jens Bader and Seth Iorio will lead key roles in this transition. PGH plans to finalize financing and complete share transfers by mid-2025.