Fintech PR
EQT Private Equity and Vitruvian Partners announce significant investment in CFC
EQT Private Equity has agreed to make a significant investment together with Vitruvian Partners in CFC, a leading technology-driven global insurance business CFC is a specialist insurance provider, pioneer in emerging risk and market leader in cyber, serving more than 100,000 businesses in over 90 countries.
EQT Private Equity and Vitruvian Partners will support CFC’s investments in innovative and market-leading technology and in continuing to deliver best-in-class products and services to its customers
EQT is pleased to announce that the EQT IX fund (“EQT Private Equity”) has agreed to invest in CFC (the “Company”) alongside management and Vitruvian Partners (“Vitruvian”).
Founded in 1999, CFC was one of the pioneers in the cyber insurance market. Today, it is a technology-driven business that has established itself as a global leader in cyber and provider of cover for a diverse range of emerging risks that sit at the intersection of technology and business. CFC writes 50 products across 20 different classes of specialist insurance focused primarily on SME businesses.
The company has significantly grown its employee count over the past three years and has an established global footprint with more than 500 staff located across the UK, US, Europe and Australia. Earlier in the year CFC also launched its own Lloyd’s Syndicate.
CFC’s continued growth trajectory underlines the depth and quality of its business model: it has an annual premium run rate in excess of GBP 750 million (USD 1 billion) and delivered an organic EBITDA CAGR of 35 percent over the last five years.
Upon completion, following regulatory approval, CFC will nearly double its employee shareholders from 175 to over 300. Employees will remain the largest shareholder in CFC.
Dave Walsh, CFC founder and Group CEO, said, “We’re delighted to welcome EQT as an investor alongside Vitruvian. Both EQT and Vitruvian’s focus on high-growth technology companies and commitment to creating a positive impact through their portfolios is a natural fit with CFC and our ethos as an independent, employee-owned business. EQT’s investment, and Vitruvian’s reinvestment, is testament to CFC’s track record of delivering strong, profitable growth underpinned by the expertise of our people and our history of market-leading technology innovation.
“As we look ahead, we see a risk landscape that is rapidly shifting, with ever-expanding cyber threats, new insurance challenges presented by intangible assets and evolving risks in rapid growth sectors. CFC has a key role to play in helping our growing customer base address these challenges, while the pioneering technology we’ve built over the last two decades is enabling us to deliver at increasing scale. We look forward to partnering with EQT and thank Vitruvian for their continued partnership. It has never been a more exciting time to be at CFC.”
Robert Maclean, Partner within EQT Private Equity’s Advisory Team, commented, “CFC is a truly innovative insurance business with technology at its core and a track record of growth and profitability which surpasses even the most mature Fintech businesses we’ve seen. The accelerating pace of investments in its core platform aligns perfectly with EQT’s approach of future proofing companies.”
Joe O’ Mara, Partner at Vitruvian, commented, “As longstanding partners and investors in CFC, we couldn’t be more enthusiastic about the road ahead. We’ve witnessed first-hand what a remarkable business CFC is – a tribute to the leadership team, the culture they’ve created and the commitment to excellence and innovation that has kept CFC at the forefront of the insurance market.”
Sofia Ahuja, Managing Director within EQT Private Equity’s Advisory Team, added, “CFC’s unrivalled reputation in cyber insurance and focus on emerging risk areas ensures that it is well-placed to capture the significant growth expected in the classes it writes. We’re delighted to invest alongside Vitruvian at this exciting stage in CFC’s journey.”
Stephen Byrne, Partner at Vitruvian, added, “We would like to thank the whole CFC team for a great partnership over the last four years and we are excited to be able to continue to support their ambitions for the future.”
EQT was advised by Morgan Stanley, Kirkland & Ellis, KPMG and Bain & Company on the transaction.
The transaction is subject to customary conditions and approvals. With this transaction, EQT IX is expected to be 70-75 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).
SignVideo by Sorenson Supports Great Britain Deaf Team at the Tokyo 2025 Deaflympics in November
LONDON, April 15, 2025 /PRNewswire/ — SignVideo by Sorenson, the world’s leading language solutions provider, is proud to support Deaf athletes as a Platinum sponsor of Deaflympics Great Britain (DeaflympicsGB), at the 2025 Deaflympics to be held in Tokyo, Japan, on November 15-26, 2025. SignVideo’s sponsorship reflects Sorenson’s ongoing commitment to advancing accessibility and empowering Deaf communities around the world. The Deaflympics is the premier international multi-sport event for Deaf athletes, celebrating excellence, resilience, and the strength of the global Deaf community.
“We are honored to stand behind DeaflympicsGB as they represent their country on the world stage,” said Paget Alves, CEO of Sorenson. “This sponsorship is a reflection of our deep commitment to supporting Deaf communities worldwide and ensuring greater access and opportunities in all sports.”
As the official Platinum sponsor, SignVideo ensures Deaf athletes have the resources and support they need to compete at the highest level. This sponsorship is part of a broader mission to create a more inclusive world for Deaf individuals through technology, advocacy, and innovation.
“On behalf of the DeaflympicsGB, I am extremely grateful for SignVideo’s support towards the costs of our involvement in the forthcoming Games in Tokyo,” said Chris Ratcliffe, CEO of UK Deaf Sport, the organisation leading DeaflympicsGB. “The support of SignVideo as our official Platinum sponsor will provide a much-needed boost for our Team and help reduce the financial burden on our athletes.”
Without government funding, Deaf athletes in the U.K. must take on the additional challenge of securing their own financial support to cover essential expenses while also dedicating themselves to rigorous training for the Games.
“We look forward to working with SignVideo, helping to raise awareness and sharing the success of DeaflympicsGB leading up to and during the Games in November,” said Ratcliffe.
For more information about SignVideo, visit SignVideo.co.uk. To learn more about DeaflympicsGB, visit ukdeafsport.org.uk/deaflympicsgb
About SignVideo by Sorenson
Predominantly a BSL-led organisation dedicated to high quality, customer-focused services and standards, SignVideo delivers BSL interpreting 24/7 for Deaf and Deaf-Blind BSL users through Video Relay Service (VRS) solutions commissioned by public and private sectors which include, government, National Health Service, councils, banks, helplines, and telecommunications providers across the UK.
In 2020, SignVideo joined Sorenson, one of the world’s leading language services providers. Across all business lines, Sorenson connects more than 140 million conversations each year through a full suite of inclusive language services. Sorenson combines patented technology with human-centric solutions to deliver call captioning and video relay services, video remote and in-person sign language and spoken language interpreting, translation, real-time captioning, and post-production language services.
About Sorenson
Sorenson is one of the world’s leading language services providers, combining patented technology with human-centric solutions. We strive to increase accessibility through communication solutions for all. We provide call captioning and video relay services, video remote and in-person sign language and spoken language interpreting, translation, real-time captioning, and post-production language services. Our company impact extends beyond the 140 million conversations we facilitate annually— Sorenson improves lives through interpreted emergency and health services. Sorenson is a portfolio company of Ariel Alternatives, and we strive to manage and minimize our environmental impact. To learn more, visit sorenson.com or es.sorenson.com.
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This strategic acquisition accelerates Recharge’s expansion into the B2B digital rewards market, unlocking new opportunities for growth.
AMSTERDAM and LONDON, April 15, 2025 /PRNewswire/ — Recharge, the European leader in prepaid payments, has acquired Giftcloud Limited from Groupon, Inc. (NASDAQ: GRPN), marking a strategic and accelerated expansion into the fast-growing B2B rewards space.
The deal follows Recharge’s recent €45M acquisition facility secured with ABN AMRO to fuel its international M&A activity. Giftcloud powers customer and employee engagement campaigns for major UK brands including Vodafone, Sky and TalkTalk. With millions of transactions processed annually and a strong record of profitability, Giftcloud brings Recharge a proven B2B model and a scalable platform to grow its corporate prepaid offering.
“This move is a deliberate step into B2B,” said Günther Vogelpoel, CEO of Recharge. “We see huge potential for prepaid in customer acquisition, loyalty and employee engagement. Giftcloud gives us a foundation to grow that proposition further in the UK and across Europe—backed by Recharge’s digital infrastructure, partnerships and international reach.”
The acquisition plays a key role in Recharge’s strategy to build the global leader in prepaid payments – serving both consumers and businesses. With Giftcloud, Recharge will be able to offer a broad range of services direct to business clients. It also marks a significant expansion of Recharge’s footprint in the UK, now the company’s third-largest market and the launchpad for further B2B growth across Europe.
Groupon’s CEO Dusan Senkypl, added: “We’re proud to have found a strong new home for Giftcloud within the Recharge Group. Giftcloud has always played a valuable role in helping brands engage their customers through digital rewards. We’re excited to see the platform continue to grow as part of a business that is fully focused on prepaid and digital innovation.”
This is Recharge’s second major acquisition, following the successful integration of Startselect in 2023.
About Recharge Group
Recharge has revolutionised the prepaid payments industry connecting brands effortlessly with customers through their unified platform solutions. Recharge enables prepaid payment products to be obtained anywhere, anytime via their own multi-country digital storefronts including Recharge.com and Startselect.com. For more information, visit company.recharge.com.
About Giftcloud
Giftcloud is a UK-based digital rewards platform helping businesses engage, acquire and retain customers through branded prepaid incentives. Its platform enables fully branded, digital campaigns that support marketing and employee engagement strategies for some of the UK’s best-known companies, including Vodafone, Sky and TalkTalk. To learn more, visit giftcloud.com.
About Groupon
Groupon (www.groupon.com) (NASDAQ: GRPN) is a trusted local marketplace where consumers go to buy services and experiences that make life more interesting and deliver boundless value. To find out more about Groupon, please visit press.groupon.com.
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Press Contacts
Georgia Hanias Ecology Media
georgiahanias@ecologymedia.co.uk
Ross Cumming Recharge Group
press@recharge.com
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HONG KONG, April 15, 2025 /PRNewswire/ — IDA, a Hong Kong-based fintech company, and AUDC Pty Ltd have announced a strategic collaboration to launch a Hong Kong–Australia stablecoin-based cross-border trade initiative. This initiative aims to transform trade between Hong Kong and Australia by introducing faster, more transparent, cost-effective cross-border payment systems.
Building on the strong trade relationship established under the Australia-Hong Kong Free Trade Agreement (A-HKFTA), this collaboration leverages Hong Kong’s role as a vital gateway connecting mainland China with the world. The agreement, A-HKFTA, which underscores Hong Kong’s high degree of autonomy under the ‘One Country, Two Systems’ framework, provides a solid foundation for this innovative initiative.
In 2023, Australia and Hong Kong had a total trade value of US$5.3 billion[1]. Total exports from Hong Kong to Australia amounted to US$3.4 billion, with the bulk of re‑exported goods originating from mainland China. Hong Kong’s imports from Australia in 2023 amounted to US$1.9 billion worth of Australian merchandise, including agricultural produce, seafood, and beverages. Looking ahead, Hong Kong aims to drive growth in emerging industries such as biomedical technology, green energy, and financial technology.
Sean Lee, Co-Founder of IDA, emphasized the significance of this partnership: “This collaboration builds on the progress made in bilateral trade relationships. Recent diplomatic efforts between Hong Kong, China, and Australia have reduced trade barriers, creating an ideal environment for innovative solutions like stablecoins to modernize trade systems. The potential for stablecoin technology to enhance efficiency and unlock opportunities across industries is enormous.”
Effie Dimitropoulos, CEO of AUDC Pty Ltd, expressed her enthusiasm for the initiative: “At AUDC Pty Ltd, our mission is to deliver secure and compliant digital payment solutions to support global trade. Our Australian Dollar-backed stablecoin, AUDD, addresses inefficiencies in cross-border trade, offering businesses in Australia, Hong Kong, and beyond a faster and more transparent settlement mechanism. This collaboration is a pivotal step toward modernizing trade settlements and unlocking new growth opportunities for industries on both sides.”
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[1] HKTDC Research: https://research.hktdc.com/en/article/MzM0NDE0OTM3 |
About IDA Finance Hong Kong Limited (IDA)
IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.
IDA will launch a stablecoin product which is designed to drive enhanced connectivity of digital currency for seamless commerce and payments between Hong Kong and global markets, 24/7/365. To maintain the highest level of security and stability, all circulating stablecoins will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.
To maximize the network effect of the stablecoin project for domestic and cross-border usage, IDA is partnering with key industry players to facilitate the minting, redemption, and widespread acceptance of stablecoins as a payment and settlement digital currency.
More information can be found at idafi.xyz / LinkedIn / X
About AUDC Pty Ltd
AUDC Pty Ltd is a pioneering fintech company dedicated to transforming the future of money through blockchain technology. The company powers the Australian Digital Dollar (AUDD), a stablecoin backed 1:1 by the Australian Dollar, designed to provide businesses and consumers with a stable, reliable, and globally accessible digital asset. With a strong focus on innovation and digital finance solutions, AUDC is committed to driving the next generation of financial technology.
For more information about AUDD, please visit:
https://audd.digital
https://www.linkedin.com/company/audd-digital
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