The business originated when the Crown Agents' business was consolidated under two Joint Agents General for Crown Colonies with an office of several staff in 1833.[2] In April 2016 Crown Agents demerged its financial services arm, Crown Agents Bank and Crown Agents Investment Management, and sold it to Helios Investment Partners.[3]
The company launched its new online foreign exchange platform, EMPowerFX, which was primarily intended for the exchange of currencies used in developing countries, in February 2018.[4]
In 2019, it went on to acquire a payment gateway system from Segovia, a financial technology company focused on cross-border payments.[5]
The company was the subject of an initial public offering on the London Stock Exchange, which valued the company at £851 million, in July 2023.[6][7][8]
On 24 October 2023, only three months after its IPO, CAB Payments issued a profit warning causing its share price to collapse by 74% on the day.[9]
^Michie, Ranald (1 September 2006). "Managing the British Empire: The Crown Agents, 1833–1914". The English Historical Review. 121: 1138–1139. doi:10.1093/ehr/cel263.
^"Helios acquires Crown Agents' financial services". Global Trade Review. 6 April 2016. Retrieved 23 August 2023.
^"Crown Agents Bank Launches Online Trading Platform, EMpowerFX". New Business. 1 February 2018. Retrieved 23 August 2023.
^"Crown Agents Bank: Creating liquidity and supporting payments in Africa". Africa Today. 2019. Retrieved 23 August 2023.
^"Fintech IPO: Shares dip in UK fintech CAB Payments London debut". Alternative Finance. 6 July 2023. Retrieved 23 August 2023.
^"CAB Payments drops on first day of trading after London IPO". Financial Times. 6 July 2023. Retrieved 23 August 2023.
^"CAB Payments makes London Stock Exchange debut with £851.4m IPO". Investment Week. 6 July 2023. Retrieved 23 August 2023.
^"CAB Payments shares plunge 74% three months after London IPO". FT. 24 October 2023. Retrieved 24 October 2023.
External linksedit
Official website
April 12, 2024
payments, holdings, british, payment, processing, foreign, exchange, business, listed, london, stock, exchange, holdings, plccompany, typepublictraded, aslse, cabpindustryfinancial, servicesfounded2016headquarterssutton, london, englandkey, peopleanne, cairns,. CAB Payments Holdings plc is a British payment processing and foreign exchange business It is listed on the London Stock Exchange CAB Payments Holdings plcCompany typePublicTraded asLSE CABPIndustryFinancial servicesFounded2016HeadquartersSutton London EnglandKey peopleAnne Cairns Chairman Bhairav Trivedi CEO Revenue 137 1 million 2023 1 Operating income 37 6 million 2023 1 Net income 23 7 million 2023 1 Websitewww wbr cabpayments wbr comHistory editThe business originated when the Crown Agents business was consolidated under two Joint Agents General for Crown Colonies with an office of several staff in 1833 2 In April 2016 Crown Agents demerged its financial services arm Crown Agents Bank and Crown Agents Investment Management and sold it to Helios Investment Partners 3 The company launched its new online foreign exchange platform EMPowerFX which was primarily intended for the exchange of currencies used in developing countries in February 2018 4 In 2019 it went on to acquire a payment gateway system from Segovia a financial technology company focused on cross border payments 5 The company was the subject of an initial public offering on the London Stock Exchange which valued the company at 851 million in July 2023 6 7 8 On 24 October 2023 only three months after its IPO CAB Payments issued a profit warning causing its share price to collapse by 74 on the day 9 References edit a b c Annual Results 2023 PDF CAB Payments Retrieved 26 March 2024 Michie Ranald 1 September 2006 Managing the British Empire The Crown Agents 1833 1914 The English Historical Review 121 1138 1139 doi 10 1093 ehr cel263 Helios acquires Crown Agents financial services Global Trade Review 6 April 2016 Retrieved 23 August 2023 Crown Agents Bank Launches Online Trading Platform EMpowerFX New Business 1 February 2018 Retrieved 23 August 2023 Crown Agents Bank Creating liquidity and supporting payments in Africa Africa Today 2019 Retrieved 23 August 2023 Fintech IPO Shares dip in UK fintech CAB Payments London debut Alternative Finance 6 July 2023 Retrieved 23 August 2023 CAB Payments drops on first day of trading after London IPO Financial Times 6 July 2023 Retrieved 23 August 2023 CAB Payments makes London Stock Exchange debut with 851 4m IPO Investment Week 6 July 2023 Retrieved 23 August 2023 CAB Payments shares plunge 74 three months after London IPO FT 24 October 2023 Retrieved 24 October 2023 External links editOfficial website Retrieved from https en wikipedia org w index php title CAB Payments amp oldid 1215680611, wikipedia, wiki, book, books, library,
