International Track 200

The London-based online payment provider Moneybookers, rebranding itself as Skrill, claims 15m people use its technology. It allows anyone with an email address to send and receive payments online securely and cost-effectively and counts eBay among its clients. The private-equity firm Investcorp took a 51% stake in 2007 when it backed a €105m (£71.5m) buyout, and Skrill plans to float on the London Stock Exchange this year. Growth has come on the back of overseas expansion, with a focus on mainland Europe and a roll-out into America. Led by Skrill’s joint chief executives, Martin Ott and Nikolai Riesenkampff, foreign sales grew 90% a year, from £9.1m in 2007 to £32.9m in 2009.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2011
Rank37
CompanySkrill
ActivityOnline payment provider
LocationCentral London
2-yr av intl sales growth pa89.81%
International sales £000s32,946
Total sales £000s43,021
Staff317
Founded2001
Websitewww.moneybookers.com

If applicable:

* Supplied by company † Annualised figure