Technology & Payments,Financial Services
Payment solution services
In May 2015, the Bambora Group was launched as a Nordic-based payment service group. Its head office is located in Stockholm, but the Group's ambition is global.
Offering online, in-store and mobile payment solution services, Bambora processes close to EUR 50 billion in annual transaction volumes worldwide and provides payment solution services to more than 450,000 merchants in Europe, North America and APAC (as at June 2017). Bambora is one of the very few payment providers with omni channel payment capabilities and global reach.
Nordic Capital has tracked the payments markets for more than ten years and had previously invested in a similar business, Point, in 2004.
Leveraging our strong sector knowledge and network, we were able to engage with SEB to initiate a semi-exclusive process for acquiring Euroline, the base business for Bambora.
Three add-on acquisitions were also identified through proactive sourcing efforts before the platform investment in Euroline was completed.
Building the business