CHICAGO, April 6, 2016 /PRNewswire/ --
Cardtek, a leading provider of payment
technologies, is aiming to further strengthen its presence in
North America, Europe, Middle
East and Asia-Pacific with
the equity investment made by MV Holding and Revo Capital .
(Photo:
http://photos.prnewswire.com/prnh/20160405/351495 )
Cardtek, developing end-to-end solutions in payment systems in
many countries across the globe since 2001, is now taking firm
steps toward its goal of becoming one of the world's top 10
financial technology companies. MV Holding, founding partner of
Turkey's leading GSM operator
(NYSE: TKC / BIST: TCELL), and Revo Capital, Netherlands-based technology fund, have become
24% shareholders in Cardtek.
Cardtek is currently providing payment technologies and services
to more than 150 customers in 25 countries, including
banks, processors, telecom operators, retail and public transit
services. With this investment, the company will further
strengthen its presence in North
America, Europe,
Middle East and Asia-Pacific.
"We have had resounding success in the international arena with
numerous accomplishments with clients in four
continents," said Cardtek CEO Ayse Nil Sarigollu. "By
proactively following the developments in the FinTech sector and
with the foresight we have, we are able to offer a dynamic
competitive edge to our customers. As a group, we achieved a growth
rate of 48% in 2015, and are well on our way to reaching the goals
we set for ourselves in the international arena. Thanks to
this collaboration with MV Holding and Revo Capital, we are now
aiming to become one of the world's top 10 financial
technology companies within the next five years."
MV Holding CEO Ebru Dorman added: "Cardtek's continued
growth and achievements to date are outstanding and their
technology suite is well ahead of the game by international
standards. We believe that the company, with its technological edge
and impressive team, has tremendous potential to become a leading
global player. We are very excited to become a part of Cardtek's
success story and to join forces to accelerate their growth to new
heights."
Ozcan Tahincioglu, the general partner of Revo
Capital notes "Cardtek has proven itself as a true leader
in payment solutions with benchmark implementations across the
globe, and has been in our investment radar for a while. We see a
tremendous opportunity and a shared vision with the founding team
to further scale Cardtek's solutions in the US, Europe and APAC building on the successes so
far. We are thrilled to be a part of this growth story and believe
this investment will enable big bets that can catapult Cardtek into
a global brand name in payments."
About Cardtek
Cardtek, a global payment processing solution provider, was
founded in 2001 to meet the growing demand for easier, faster and
more secure payment technologies. Cardtek provides innovative
payment solutions for emerging businesses, such as EMV migration,
open-loop transit, mobile payment, mobile wallet, NFC, HCE, and
wearable payment technologies, while continuing to provide core
payment solutions for Card Management, Fraud Management, and
Central/Instant card personalization. A thriving company with
200+ customers in 26 countries, Cardtek globally contributes to the
payment ecosystem through financial inclusion, payment renovation
and cashless societies. Together with its international affiliates,
Cardtek serves its worldwide customers from its USA, Canada,
India, Turkey, United Arab
Emirates and Azerbaijan
offices. Cardtek.com.
About MV Holding
MV Holding was founded in 1993 by Murat Vargı, a prominent
Turkish entrepreneur. MV Holding is co-founder of Turkcell, the
leading GSM operator of Turkey and
the region, and founder and major shareholder of KVK, the leading
mobile phone distributor of Turkey. The Group continues to create value in
technology, hospitality and renewable energy sectors. The net value
of MV Group's assets exceeds USD1.5
billion as of 2015.
http://www.mvholding.com/en/homepage/
About Revo Capital
Revo Capital is a Netherlands-based $65M venture capital fund that invests in truly
innovative early-stage technology ventures in Turkey and the region. The fund operates in a
few focus areas that promise long-term potential with a strong
local market and a global upside, particularly B2B Cloud
Applications, Internet of Things and Digital Commerce/Marketing
Platforms. Among Revo Capital's selected investments are FIT
Solutions, Onedio, parasut.com, 8digits, Skyatlas, Nuvia,
Neozeka and ACLteslim. http://www.revo.vc.
CONTACT:
Melisa Yunlu
+1-312-245-9805
melisa@alpaytac.com