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ALL GOOD NEWS FROM SMART TRADE APP

SmartTrade App Ltd

SmartTrade has gained significant momentum in the past 3-4 months, all leading up to now raising a round of £500,000 to fund partner developments and growth. Significant progress has been made with large institutions, contracts have been signed, volume has increased and smaller partners are coming on board and enquiring at an increasing pace. Interest is coming from partners, accelerators, investors and customers more than ever. We are eternally grateful for ABC’s continued support and now hope we can continue this momentum, raise enough to finalise development with partners and give ABC and its members the ROI they deserve for all the backing!

HERE ARE SOME OF THE MOST IMPORTANT HIGHLIGHTS

CardONE Banking

The digital bank has agreed to offer SmartTrade App to all their merchants via single sign-on. This means that every new customer of CardONE will automatically receive a SmartTrade App account using their CardONE credentials. Here are the numbers:

  • New customers signed up: 5-600/month
  • Additional applicants to market to: 5-600/month
  • Existing merchant base: 5,500
  • Further marketing: 40,000 SME pool available to campaign towards

 

Quotatis International Expansion

SmartTrade’s large white label partner, Quotatis, the second largest home improvement lead generator in the UK, has reached out and said their app, Quotatis Smart App, built and operated by SmartTrade, has been such a success they wish to expand to France and Spain. They currently have 2,500 live merchants in France and 500 in Spain, but wish to use the Smart App as a means of really expanding their business in both countries.

 

Wirecard/Vocalink/Barclays

Through our signed deal with Wirecard SmartTrade are progressing with Barclays MoU signed fall, 2017. Further great news in that Vocalink has agreed to pay SmartTrade App £40,000 in funds to integrate PayByBank App (PBBA). Following a live integration of PBBA the following has been promised between all parties:

  • Showcasing STA merchants on Barclays website
  • Promotion to 3 million pingit customers
  • TV advertisement featuring STA merchants
  • Visibility in trade shows and exhibitions next to global brands such as
  • MasterCard and Wirecard
  • Relevant referrals sent through to STA from Wirecard

Furthermore, we will per the MoU gain further exposure to Barclaycard’s SME base once we have gone live with PBBA, through which Pingit is accepted. This will allow merchants to take direct bank-to-bank push payments starting from 0.45% transaction rate (about ¼ of current rates) and near to no risk with real-time settlement. The MoU outlines a goal of 135,000 active users in the first 3 years of going live with PBBA.

 

WeXelerate

SmartTrade App has gone through to the final round of the WeXelerate accelerator program in Vienna. WeXelerate is one of the (if not the) largest largest startup hubs in Europe and would open incredible opportunities for SmartTrade to access a whole new ecosystem, network and funding options. SmartTrade are amongst the top 100 startups (of 1200 applicants) in the final round out of which we can expect about 50 to make it all the way through.

 

Card Volume Processed

SmartTrade App has to date processed well over £8 million in card payments, with volume growing from £180k per month in January to near £400k in May. Despite an expected seasonal slowdown over the summer, the first week of June has indicated the opposite with a 10% increase in the first 7 days compared to May! The increase is in great part due to massive efforts in increasing their outreach to franchises, trade shows and potential resellers in the UK, as well as upping social presences. Their support team has also done an excellent job in pleasing customers and retaining their business.

 

Lloyds Bank

The behemoth deal with Lloyds is steadily progressing and the department in Lloyds spearheading the business case has now got the buy-in of all other departments. The project would include a white labeled trial which has an estimated timeline of 3-months development and a £75,000 project cost which Lloyds have agreed to cover. A 2 month trial with about 200 merchants would follow before going live nationwide and signing up 125,000 new customers per year. Lloyds have estimated they have a total of £7 billion in transactions they could move over to a white label of SmartTrade App, which is currently being deposited in cheque and cash and processed in-branch. This means tens of millions of pounds in savings for the bank. SmartTrade App would have a % of all transactions taking place within the mobile application.

The project would also include switching acquiring bank from Stripe to Cardnet. This means better terms for SmartTrade as well as merchants on both rates, signup flow, processing time and contacts to work with.

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TITAN GROUP – SPRING NEWS

TECS Group

Below are some highlights from our newest addition to company line-up, Titan Group. Please visit their company page here on our platform for more information.

 

NEW ACQUISITION

AIR CONDITIONING AND REFRIGERATION SPECIALIST 

Titan Group Acquisition of Pulse Engineering Services (UK) Limited

Titan Group (‘Titan’), the leading provider of specialist services to the built environment is pleased to announce that it has acquired Pulse Engineering Services (UK) Limited (‘Pulse’) which will become part of our Group.

Founded by Paul Smith in 2012, Pulse is a provider of Air Conditioning and Refrigeration services to a wide range of clients with a focus on the retail, leisure and manufacturing sectors. The services provided by Pulse and are complementary to those offered by Titan’s existing business and the acquisition enhances our ability to self-deliver specialist services that are essential to our customers.  
 
Paul Smith will remain with the business in the newly created role of Head of Air Conditioning and Refrigeration and will be directly responsible for the day-to-day operations of this division. The key members of Pulse’s operational management team will also remain within the business.
 


Paul Witter, MD of Titan Group said:

“With a high-quality management team and established client-base, it is considered that Pulse brings a strategic offering with strong growth potential to Titan. Working closely with Paul Smith and his team during the sale of the business I have found that Pulse genuinely shares and the same values we do; and by combining our service offerings, Titan will be able to provide a wider breadth of self-delivered specialist services to our customers across the United Kingdom with a key focus on customer satisfaction.”

 

NEW CONTRACT WIN

INDIGO PARK SERVICES
PLANNED AND REACTIVE M&E AND FABRIC SERVICES

Titan Group wins national contract with Indigo Park Services UK Limited

Titan Group, the leading provider of specialist services to the built-environment has been awarded a new three-year contract by Indigo Park Services UK Ltd. The contract will see Titan provide a Total Facilities Management (TFM) solution including the provision of compliance, mechanical and electrical as well as planned and reactive maintenance services across their national portfolio of 38 car parking facilities.

This long-term contract marks Titan Group’s entry into the managed car-parks sector. It will see the company apply its national reach and multi-site mobile engineering capabilities to support Indigo in providing its customers with a safe and secure parking solution in a clean and friendly environment.

Titan’s tender was recognised for its cost-effective national service offering and ability to mobilise Indigo’s geographically diverse portfolio in a constrained timeframe.

Paul Witter, MD of Titan Group said:

“This is an important milestone for Titan Group as we enter the managed car parks sector. We are fortunate to have gained a client with a clear vision for what it wants to deliver for its customers. We are committed to supporting Indigo by providing high-quality services at excellent value with a continued focus on compliance and transparency.”

Steve Quinlan, Facilities & Project Manager of Indigo added:

“We are delighted to formalise the partnership with Titan Group and look forward to working with a supplier that takes a technology-led approach to investing in its clients premises to deliver innovative service improvements and operational efficiencies.”

About Indigo

Indigo specialises in the development and management of bespoke car parking solutions for both public and private organisations. They are one of the UK’s best-known suppliers of parking infrastructure and management systems for healthcare, local authorities, transport, education and retail and property sectors. Indigo combines global knowledge with specialist operational strength and financial security and take on the approach that no two projects are the same. For more information on Indigo and the Group visit: www.parkindigo.com  

 

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