Metric Capital Partners (MCP), the European private capital group, has completed its growth capital investment in Secure Trading Limited, a global payment services provider headquartered in London.
Secure Trading offers a suite of payment solutions to online businesses, including a payment gateway, online accounting and treasury management, and counter-fraud services.
Metric’s investment will further drive its expansion in the online payments industry.
The company is part of the UC Group, which owns several technology companies in the payments domain, including Cognosec, an IT security and PCI compliance specialist based in Vienna.
Secure Trading is headquartered in Canary Wharf, London with its infrastructure based in a state of the art facility in Bangor, UK.
David Scheurl, principal of Metric Capital, says: “We are pleased to be partnering with a very driven and experienced management team to support the business as it enters the next phase of growth. The underlying market dynamics are highly attractive and this investment will allow Secure Trading to expand its role in the online payment industry.”
Kobus Paulsen, executive chairman of UC Group, says: “Secure Trading has a fantastic track record and market reputation. Metric’s investment will assist the group to expand growth by offering valuable services alongside our core patented payment platform and ultimately bring a true end-to-end payments solution to market. We are delighted to have Metric on board during this exciting time in the payment space.”
