Paysera Bulgaria has announced its initial public offering (IPO) on the BEAM market of the Bulgarian Stock Exchange

Paysera Bulgaria has announced its initial public offering (IPO) on the BEAM market of the Bulgarian Stock Exchange
Paysera Bulgaria has announced its initial public offering (IPO) on the BEAM market of the Bulgarian Stock Exchange

Paysera Bulgaria plans to raise its capital by 2 million BGN through an initial public offering (IPO) on the BEAM market of the Bulgarian Stock Exchange (BSE). The offering will involve ordinary shares of Paysera Bulgaria AD. The main goal of the IPO is to meet the capital requirements for obtaining a local license for electronic money institutions and to strengthen and expand the company’s operations.

This marks an important step for Paysera Bulgaria, enabling the company to offer enhanced digital payment services in Bulgaria and Romania, reach a larger customer base, and improve customer satisfaction. The funds raised will be allocated to various purposes, including preparing for the local license, meeting regulatory capital requirements, developing core payment services, and establishing a collective financing company focused on mortgage lending.

The IPO is scheduled for June 12, 2024. Over the past eight years, Paysera Bulgaria has been innovating in the payment services sector, offering digital payment solutions for both individuals and businesses. As the business landscape in Europe becomes increasingly digital and cross-border, the need for adequate banking solutions is growing. Paysera represents the future of banking in the digital age: without offices, without paper, digital, remote, mobile, and cross-border.

Paysera is a global digital payment platform for both individuals and businesses, licensed as an electronic money institution since 2012. The Paysera network includes partnerships in Lithuania, Latvia, Estonia, Bulgaria, Romania, Albania, Kosovo, Ukraine, and Georgia. Paysera Bulgaria launched a subsidiary in Romania in 2019, where it holds a 95% stake. The company operates offices in Sofia and Bucharest with local teams of over 50 people. Paysera Bulgaria's client base in Bulgaria and Romania includes 70,000 identified individuals and legal entities.

Key indicators for Paysera Bulgaria show a trend of steady growth. In 2023, clients in Bulgaria and Romania carried out:

Transfers totaling 753.5 million euros
Currency exchange totaling 356 million euros
Trusted the company to hold 38.1 million euros (balance as of December 31, 2023)
The company offers a wide range of payment solutions for clients in both countries, including:

  • Free digital multi-currency payment accounts with BG, RO, and EU IBANs
  • Collection accounts
  • Money transfers
  • Currency exchange
  • Debit cards
  • Physical and virtual POS
  • Open Banking
  • Investments in gold and P2P platforms
  • Cash in/Cash out services at over 3,000 partner locations
  • Customer support in the local language during business hours, and 24/7 English-language support
  • Paysera AI assistants for product development, customer service, KYC, and AML
  • Online ticketing system for events

For more details about the IPO, visit Paysera’s investor page: Paysera Investor Page.

Paysera Bulgaria is also organizing a series of informational events to present the IPO:

May 29 – Sofia, Astoria Grand Hotel, 16:00
May 30 – Plovdiv, Hotel Yegherkhof, 16:00
June 3 – Ruse, Dunav Plaza Hotel, 16:00
June 4 – Bucharest, Mindspace Business District, Globalworth Campus A, Bulevardul Dimitrie Pompeiu, 16:00
June 6 – Burgas, Smart Center, 16:00
June 7 – Varna, Cherno More Hotel, 16:00
June 10 – Sofia – Open Day, Paysera Bulgaria Office, 16:00
The IPO will take place on June 12, 2024.