NETeller Floats on AIM
2004/05/18 04:15:51 AM
NETeller, the company that provides online payment technology for some of the biggest Online Casino and Online Poker sites on the market such as 7 Sultans and Royal Vegas Poker, has announced it has raised £30 million since listing on the Alternative Investment Market (AIM) last month lending the company a valuation of about £200 million as a whole.
The company, based in the Isle of Man, provides services for Europe and North America, but plans to expand into Asia next year. Company CEO, Gord Herman said that until now NETeller had kept a low profile, but this was all about to change: 'It's now up to us to get the story out there because a lot of people don't know who NETeller is.' Herman said that NETeller plans to use the money its raised for website development, working capital and acquisitions.