Posted on September 27, 2018 by staff

Billionaire entrepreneur increases stake in tech firm


Israeli billionaire and entrepreneur Teddy Sagi has increased his stake in payments and technology company SafeCharge after investing an additional £13 million.

Sagi, through Northernstar Investments Ltd, now owns a 68.34 per cent stake in the global company.

The deal was confirmed by the family office of Sagi, who owns London’s Camden Market and is the founder of gambling software company Playtech.

“SafeCharge is an excellent payments and technology company with strong growth potential,” he said.

“It is an important part of our investment strategy and focus.”

SafeCharge is listed on the AIM market of the London Stock Exchange and operates from UK offices in London and Guernsey, along with international bases in Italy, Austria, Bulgaria, Israel, Hong Kong, Singapore, Netherlands, USA and Cyprus.

The company is led by co-founder and CEO David Avgi, CFO Tsach Einav and COO Yuval Ziv and counts the likes of taxi firm Gett, Ladbrokes and Domino’s Pizza as clients.