Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
The Payments Group Holding GmbH & Co. KGaA is a listed investment holding company headquartered in Frankfurt am Main, Germany, founded in 2012 and rebranded in August 2024 from its prior identities as SGT German Private Equity and German Startups Group. It primarily focuses on acquiring, fostering, and managing stakes in high-growth businesses, with a strategic pivot toward the PayTech sector through the acquisition of four specialized companies: Funanga AG, Campamocha Ltd (including subsidiaries TBWS Ltd and Calida Financial Ltd), and Surfer Rosa Ltd. These entities form The Payments Group (TPG), a vertically integrated e-Money PayTech operation offering proprietary closed and open prepaid payment services, embedded financial products, and global payout solutions to hundreds of online merchants. Calida Financial Ltd holds an e-money license from the Malta Financial Services Authority, enabling innovative services across Europe, while leveraging over 550,000 POS cash payment points worldwide. Additionally, the holding maintains a heritage venture capital portfolio of minority stakes in promising German startups via its subsidiary German Startups Group VC GmbH, and explores new ventures like a 25% stake in AI-focused Softmax AI GmbH. This diversified structure positions it as a key player bridging traditional private equity with fintech innovation in the financial markets.
653.23% operating margin is above average. ROIC at -24.24%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 167.4% YoY. Margins deteriorated 31034.9pp alongside, both lines moving the wrong way.
Negative free cash flow of -€4M. The business is consuming cash, not generating it. Operating margin contracted 31034.9pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
-€694K
▼ -167.4% YoY
Net Income (TTM)
-€4M
▲ +94.7% YoY
Op. Margin
653.23%
▼ -31034.9pp YoY
ROIC
-24.24%
▲ +86.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€4M
▼ -62.7% YoY
Op. Cash Flow (TTM)
-€4M
▼ -63.0% YoY
Net Debt
-€287K
Net Cash Position
Cash & Equiv.
€287K
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