CreditCall Finalises Management Buyout with Backing from FF&P Private Equity and Bestport Ventures

Payment technology company, CreditCall Ltd is pleased to have completed a management buy-out with the backing of FF&P Private Equity, the private equity business of Fleming Family & Partners, and Bestport Ventures. The change of ownership comes after years of continued growth, enabling the company to expand its reach to new territories and market segments, especially in the areas of chip card transaction (EMV) software, and mobile PoS.

Bristol, United Kingdom, March 07, 2012 --( CreditCall delivers innovative transaction processing services and secure payment technology to international customers. The company operates an ultra-reliable, global processing network, with its payment gateway connecting merchants across Europe, United States and Canada, to their banks or acquirers to accept customer payments.

The Company has developed a range of transaction-related products and services, which support credit and debit card payments from industry sectors as diverse as vending, parking, ticketing and e-Commerce.

The executive team including Peter Turner, Jeremy Gumbley and Siân Bosley, who are reinvesting in the business as part of this transaction, see a number of key development opportunities for the Company’s innovative product range. These includes the world’s first Chip and PIN card acceptance solution for BlackBerry and Android smartphones and EMV Chip Technology Migration solutions for the USA.

Commenting on the transaction, Peter Turner, CEO of CreditCall, said: “FF&P and Bestport’s approach to building businesses was a key factor in the Management’s decision to choose them as partners on its management buy-out. Since 2007 CreditCall has demonstrated constant innovation and continuous profitability. With the support of FF&P and Bestport, we are excited by the opportunity to increase revenues substantially in CreditCall’s current and emerging markets.”

Henry Sallitt of FF&P Private Equity, said: “CreditCall is pioneering the migration from cash to electronic payments. With the CardEase Mobile solution, a smartphone in conjunction with a PIN pad, can accept secure debit or credit card payments. CreditCall has a proven, robust and scalable IT infrastructure that meets both the constantly evolving compliance demands of the payments card industry and the requirements of its customers for highly reliable payment solutions. We are delighted to be supporting Peter and the management team and look forward to helping the business achieve further growth.”

James Stoddart of Bestport Ventures commented, “We were immediately impressed with Peter’s industry knowledge and clear vision on the future growth opportunities for the business. The market dynamics are exciting with the predicted total value of all mobile payment transactions expected to be in excess of $50 billion worldwide by 2014. CreditCall is ideally positioned to take advantage of the SME and Corporate segment of this market, as it helps turn mobile phones into POS terminals. It already has a large, diverse, installed base which provides a robust and attractive recurring income stream. We are excited about supporting the management team in building a bigger business.”

CreditCall was advised on the transaction by Mooreland Partners as M&A advisors and Ashfords as legal advisors.

For more information on CreditCall, please visit The CreditCall EMV Kernel portfolio can be viewed at and details on CardEase Mobile are provided at

About FF&P Private Equity
FF&P Private Equity is focused on investing in dynamic, growth companies in the UK lower-to-mid market. It invests between £3m - £10m in companies valued from £5m to £50m in a variety of situations including minority investments, management buyouts / buy-ins, development and replacement capital. Through its extensive network of contacts and working in partnership with its investors and portfolio companies, it aims to create market-leading companies that deliver superior returns to all shareholders.

FF&P Private Equity Limited is regulated and authorised by the Financial Services Authority.

About Bestport Ventures
Bestport is an independent provider of private equity to fast growing small to medium sized companies in the UK. Bestport invests between £500,000 to £3m in companies requiring development capital or funding for management buy-outs. Bestport was founded by Ole Bettum and James Stoddart who collectively have over thirty years’ experience investing in smaller UK based businesses. The founders can draw upon the experience of an accomplished advisory board to invest in and assist fast-growing, ambitious companies through to profitable exits.

Bestport Ventures LLP is regulated and authorised by the Financial Services Authority.

About CreditCall
CreditCall Ltd. ( is a specialist payment services provider and transaction gateway with global recognition for innovation in credit card acceptance.

The company provides ultra-high reliability card payment solutions which are deployed for e-Commerce, Mail Order, Call Centres, and any kind of unattended terminal including parking machines, ticketing terminals, and self-service kiosks.

In addition to card payment processing, CreditCall has been developing and certifying Chip and PIN EMV Level 2 Kernel software ( for over a decade which are used globally in contact and contactless environments such as card readers, ATMs, vending machines, smartphone POS and contactless devices.

Most recently, CreditCall has launched CardEase Mobile (, the world’s first Chip and PIN payment app and fully EMV certified and bank approved card reader enabling credit and debit card acceptance on smartphones and tablets. The solution is white labelled and rebranded by its acquiring partners such as Elavon, with CreditCall providing the app and payment gateway services.

CreditCall Ltd
Ingrid Anusic
+ 44 (0)117 930 4455