Cardpoint files prospectus for AIM listing

Cardpoint, a two year-old start-up which operates a network of 188 independent cash machines in the UK, has filed a prospectus for listing on the Alternative Investment Market at a placing price of 43 pence per share, valuing the company at £8 million.

  0 Be the first to comment

Cardpoint files prospectus for AIM listing

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The placing of £2.5 million, which is all new money, will be used by the company to activate a £3 - £5 million debt facility provided by the Bank of Scotland.

Cardpoint, which locates its ATMs at sites considered by banks as uneconomic, says it will commence the roll-out of a further 250 machines across the UK following commencement of AIM dealing on 10 June.

Cardpoint's announcement comes days after Moneybox, a UK rival running a network of 2000 machines, signalled its plans to expand into the German cash machine market.

Moneybox, which last year raised £14 million in second-round funding and is currently valued at £58.5 million, has already set up its first European outpost through a joint venture in the Netherlands with SNS Bank.

Sponsored [Webinar] Solving procurement challenges with Embedded Payments

Comments: (0)

[Webinar] Behavioural Biometrics: Meeting the deployment challengeFinextra Promoted[Webinar] Behavioural Biometrics: Meeting the deployment challenge