SafeCharge Acquires CreditGuard For $8M

December 15, 2014 | The advanced payment technology company SafeCharge acquired the Israeli payment solutions company CreditGuard for $8 million in cash. The acquisition, which is supposed to be completed by January 2015, was completed by SafeCharge as part of the company’s mergers and acquisitions from the money raised in the company’s IPO in March on London’s AIM Stock Exchange. CreditGuard was founded in 1998 as a safe payment service provider and white label technology provider. SafeCharge was founded in 2006 by Israeli billionaire Teddy Sagi and focuses on safe payment technologies for the gambling industry.