Bango confident over prospects as end user numbers climb

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  • Bango boosted as higher end user spend drives H1 revenue growth
  • Bango: Building on strong foundations laid in 2020, sustaining high growth in first half of 2021
Mobile payments

Quick facts: Bango PLC

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Bango is the payment platform chosen by the world’s most influential companies to grow their sales faster in the new age of connected commerce.

Working with global stores including Google, Amazon, and Microsoft, Bango has become the industry standard, helping people make payments quickly and conveniently. Through its partnerships and reach, Bango offers unique insights derived from pooled data and shared knowledge. Bango gives businesses unrivalled visibility into their markets and customers, increasing sales and customer acquisition. Built to scale, the Bango Platform supports the exponential growth ambitions of its global partners.

15 Jul 2021

() said revenue jumped 49% in the first half of 2021 as end user spending increased across its payments platform, thanks in part to its partnerships with Microsoft and Amazon.

In a trading update, Bango said revenue amounted to GBP7.1mln in the six months ended June 30, up from GBP4.8mln in the same period of last year. End user spend rose to GBP1.3bn, up from GBP700mln a year ago.

Bango expects earnings (adjusted EBITDA) to exceed GBP2mln for the half year which will support the continued investment in R&D and marketing.

“Building on the strong foundations laid in 2020, Bango has sustained high growth in the first half of 2021,” chief executive Paul Larbey said.

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24 Jun 2021

() announced its payment system has expanded the availability of an Xbox Game Pass telecoms bundle into the Netherlands.

This means people in the country will now be offered Game Pass Unlimited subscriptions when they pay for broadband and other telecoms services, the AIM-listed company said.

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25 May 2021

() said the first three telecoms companies offering bundled Xbox cloud gaming subscriptions in Europe are using Bango’s payments platform.

Microsoft, which makes the Xbox, is using the Bango e-commerce platform to enable telecoms company partners to bundle Xbox Game Pass Ultimate as subscription packages. Later in the year, Xbox All Access will be added to the range of subscription packages.

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16 Jul 2021

‘s () Paul Larbey joins Proactive to discuss their latest trading update, with revenue jumping 49% in the first half of 2021 amounting to GBP7.1mln in the six months ended June 30, up from GBP4.8mln in the same period of last year.

Larbey says they are building on the strong foundations laid in 2020, sustaining high growth in the first half of 2021.

He goes on to discuss the continuation of activity even as lockdowns ease as well as updating investors on the Xbox launch, additional Amazon services with four new payment providers, Bango Marketplace and the impact of changes with 3rd party cookies.

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Bango: Building on strong foundations laid in 2020, sustaining high growth…

Bango PLC’s (LON:BGO) Paul Larbey joins Proactive to discuss their latest trading update, with revenue jumping 49% in the first half of 2021 amounting to GBP7.1mln in the six months ended June 30, up from GBP4.8mln in the same period of last year.

Larbey says they are building on the strong…

12 hours, 45 minutes ago

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