The company’s bonds are traded on the Multilateral Trading System of the Bucharest Stock Exchange under the ticker symbol PAY26E. The listing of the bonds follows a private placement of bonds through which the company attracted from the capital market investors the financing necessary for the development of the network of Payment Stations at national and international level and for the diversification of services.
“Since the beginning of the year, we have continued to finance the economy, and corporate bonds and government bonds for retail investors have been some of the most used instruments for this. The value of all corporate bond issues and government bonds listed since the beginning of the year exceeds 1 billion euros, funds that support the development of the economy. We are glad that SelfPay has chosen the capital market to implement its expansion plans at national and international level. Good luck!”, said Radu Hanga, Bucharest Stock Exchange President.
The private placement for SelfPay bonds was carried out in early June 2021. The company issued 30,000 bonds, with a face value of EUR100 and an interest rate of 5.5%/year, that will reach maturity on June 16, 2026. During the private placement, 99 investors subscribed, and the minimum subscription of an investor of was 200 bonds, respectively EUR20,000. The private placement and listing of the bonds were carried out with the support of BT Capital Partners, the investment banking and capital markets division of Banca Transilvania Financial Group.
“For SelfPay, issuing bonds and listing them on the capital market means not only financing for local and international expansion plans, but also a huge amount of investors’ confidence. It means entering the big league of businesses with 100% Romanian DNA,” said Adrian Badea, SelfPay CEO.
“BT Capital Partners’ mission to contribute to the development of the local business environment, of the capital market, as well as to offer to investors the chance to participate in unique investment opportunities, continues by adding a new sector on the Romanian capital market. The diversification of the activity sectors of the companies that turn their attention to alternative financing through Bucharest Stock Exchange will ensure a wider range of investment opportunities, and the fintech field attracts more and more interest from investors. We thank the partners from ZebraPay for their trust and we are happy to be with them on the road to the capital market,” said Daniela Secara, BT Capital Partners CEO.
ZebraPay reported revenue of RON112.5 million in 2020, up 23% from RON91.5 million in 2019. The revenues increase was due to the expansion of the national network of payment stations, to 5,700 at the end of 2020 from 3,950 at the end of 2018. The company’s net profit raised from RON1.1 million in 2019 to RON4.5 million in 2020, due to a growing number of transactions, most of which are payments for invoices and other services.
For 2021, the company forecasts a 15% increase in revenue, up to RON129.9 million, and for 2022, it targets an increase up to RON167.3 million. The growth perspectives are based on a business plan that includes the development of the national Pay Station network, a mobile application to diversify customer service and the 2022 development of a Pay Station network in Spain, Italy, France, Ireland, as well as other countries in the region. The company aims to reach a total of about 19,000 payment terminals, both locally and globally (in the four target markets for expansion, Italy, Spain, France and Ireland) by the end of 2026. The funds raised through the private bond placement will support the SelfPay team’s growth plans.
ZebraPay was founded in 2009 and is currently the leader of the local ATM market, with over 5,700 SelfPay Payment Stations in over 1,000 locations across the country. SelfPay Payment Stations offer the possibility to pay for more than 200 services (including utility bills, TV, internet, telephony, taxes), both in cash and by electronic payment methods. SelfPay toll booths can be found in major retail chains, shopping malls, markets, filling stations and convenience stores. SelfPay has been a member of the Romanian Fintech Association since 2020, a body that represents the interests of Romanian entrepreneurs who develop technical products in the financial services industry.