Boku and its 5 billion direct carrier billing is coming to AIM shortly

Boku, the world’s leading independent direct carrier billing company, this morning announced its intention to seek admission of its Common Shares to trading on the AIM Market of the London Stock Exchange. .

 

Jon Prideaux, CEO of Boku Plc, commented: “I am delighted to announce the proposed admission to AIM of Boku, which will position the Company for the next phase of its development.

“In particular, admission to AIM will provide an appropriate structure for the long-term development of the business and enable us to invest in our new product development capabilities to the benefit of our customers.

“We look forward to becoming a public company and to the further growth of our business in existing and new markets.”

Highlights

Boku’s technology enables mobile phone users, of which there are more than five billion worldwide, to buy goods and services and charge them to their phone bill or pre-paid balance.
The business has grown rapidly since its incorporation in 2008, including through the acquisition of two UK based businesses and now employs 148 staff and is active in 49 countries.
Boku’s platform connects its customers, including Apple, Google, Facebook, Microsoft, Spotify and Sony, with the billing, identity and sales systems of mobile network operators.  The Group’s technology makes a consumer’s mobile phone number a convenient and secure payment method, providing an alternative to credit and debit cards.
The Company processed just under US$1 billion worth of transactions in the 12 months to June 2017 and its current annualised run rate now exceeds US$2 billion.
Revenues were up 21% to US$10.2 million in the six months to 30 June 2017 compared to the same period in 2016. In the third quarter of 2017, revenues grew to US$6.5m, up by 44% compared to the same period in 2016. The Company also saw continued growth across all of its key metrics: user numbers, total payment volumes and revenue and achieved a positive adjusted EBITDA for the month of September 2017.
Boku is seeking Admission in order to simplify its capital structure and provide access to new sources of funds. The funds raised will be used to strengthen its new product development capabilities and optimise its working capital position for the long-term benefit of the business and its customers.
Admission to AIM is expected to occur on 20 November 2017.

 

 

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
DirectorsTalk

More articles like this

Boku Inc.

Boku CEO on target to double revenues in the medium term (LON:BOKU)

Boku’s Jon Prideaux discusses financial highlights, local payment methods, 50 new launches with new merchants in 27 countries, reaching over 7.5 billion end user accounts, and what can we expect to see from the group over the next year in this exclusive interview with DirectorsTalk.

Boku Inc.

Boku strong performance continues in H2 with revenues up 26%

Boku Inc (LON:BOKU), a leading provider of global mobile payment solutions, has announced the following unaudited interim results for the six months ended 30 June 2023. Group Highlights Financial Highlights ●     Revenues up 26% to $38.2m in H1 (H1 2022: $30.3m) and up

Boku Inc.

Boku, Inc. Results, Investor Webinar and Analyst Briefing

Boku Inc (LON:BOKU), a leading global mobile payments company, has stated that it will announce its results for the six months ended 30 June 2023 on Tuesday 26 September 2023. Analyst Briefing The Company’s management will be hosting a

Boku Inc.

Boku appoints Stuart Neal as Chief Executive Designate

Boku Inc (LON:BOKU), a leading provider of global mobile payment solutions, has announced that Jon Prideaux, the Company’s Chief Executive Officer, has informed the Board of his intention to retire from his role on 31 December

Boku Inc.

Boku H1 revenues expected to be at least $37.5m, up 24%

Boku Inc (LON:BOKU), a leading provider of global mobile payment solutions, has announced the following unaudited trading update for the six months ended 30 June 2023 Financial Highlights ·    Revenues for the half year ended 30 June 2023 expected

Boku Inc.

Boku extends share buyback programme

Boku Inc (AIM: BOKU), a leading provider of mobile payment solutions, has announced that its board of directors has approved an extension to the share buyback programme, which commenced on 7 July 2022, for a further

Boku Inc.

Boku AGM to be held on Wednesday 28 June 2023

Boku Inc (LON:BOKU), a leading provider of global mobile payment solutions, has announced that it has posted its notice of Annual General Meeting to stockholders. Copies of the notice of AGM and proxy form are available to

Boku Inc.

Boku: A new phase of faster growth (LON:BOKU)

Boku’s Jon Prideaux discusses highlights from their 2022 FY results, what’s driving growth, new customer wins and what we can expect in the next year in this exclusive interview with DirectorsTalk.