Carta Worldwide
Company typeSubsidiary
IndustryFinancial services
Founded2006
HeadquartersToronto, Ontario, Canada
Area served
Worldwide
Key people
Peter Kaju (CEO), Giles Sutherland (CRO), Richard Wray (CCO), Adil Benlamlih (CTO)
ProductsMerchant services, prepaid solutions,Transaction processing, Host card emulation, Cloud and Secure Element, Tokenization (data security).
Number of employees
75 (2020)
Parent Mogo
Websitewww.cartaworldwide.com

Carta Worldwide is a Canadian financial technology company that offers digital payments technology and modern card issuer processing for banks and financial technology "fintech" companies. In addition to their Canadian headquarters in Toronto, Carta has offices in London, Casablanca, and Charlottetown, PEI. Carta operates internationally, providing financial technology and digital payment software and cloud API issuer processing.

Carta's clients include Vodafone,[1] PayPal,[2] Banco Sabadell,[3] Westpac NZ,[4] and Novum Bank,[5] nets,[6] TransferWise,[7] and Sodexo. The company also partners with Visa and MasterCard.

Carta was the world's first processor to complete integration to MasterCard MOTAPS, enabling rapid deployment for NFC programs.[8] Their Charlottetown, PEI, data centre is the only secure third party issuer processing data host for financial services in Canada.[9]

Carta was part of the development team that produced ApplePay and was the first processor in the world to perform an ApplePay transaction.

History

Carta was founded in 2006 in Canada by Frank Svatousek, Robert Elensky, and Rui Mendes.[10][11] Company's headquarters were setup in Oakville, Ontario, Canada and relocated in to Switzerland with service company offices opened in Hong Kong and London, UK.[12]

In 2009, Brian Semkiw was appointed as CEO.[13] Brian Semkiw is the co-founder of Rand Worldwide which had 1500 employees and had secured revenues of approximately $500 million by the time it was privatized in 2007.[14] Profit Magazine named Semkiw "Entrepreneur of the Year" in 1996.[15]

On September 15, 2014, Carta Worldwide closed the first tranche of a $12 million Series D venture round. Led by Toronto-based merchant bank Difference Capital and DC Thomson (UK), the $7-million investment adds to the more than $50 million the company has invested in its digital transaction processing platform.[16][17]

In 2015 Carta partnered with Visa Inc. and Vodafone to enable contactless bank card payments.[18] The Vodafone wallet uses a hybrid of a hardware SIM card and cloud-based tokenization.[19] Carta Worldwide enabled groundbreaking digital payments launch that allowed PayPal accounts to transact across Visa network in Europe.[2] Also in 2015, Carta Worldwide has named Elizabeth Duke as new Vice President of Business Development.[20]

In July 2018, Carta Worldwide announced that Brian Semkiw resigned as CEO issuing in a change in global leadership, with Paul Hill appointed as the new CEO. After Paul Hill leaves to begin the next phase of his life, Peter Kaju assumes role as Chief Executive Officer June 1, 2020.[21]

In January 2021, Carta was acquired by Mogo Financial for 10 million Mogo shares valuing the transaction in excess of $100 million. CAD.[22]

Management

Source:[23]

Awards

Year Nominee / work Award Result
2013 Carta Worldwide - NFC Virtual Prepaid Platform Best Virtual Campaign - Payment Exchange Prepaid & Payments Awards[24] Won
2014 Carta Worldwide Best Contactless Solution - Emerging Payment Awards[25] Won
2014 Carta Worldwide Best Payment Technological Innovation - Emerging Payment Awards [25] Nominated
2014 PayWith, Carta Worldwide Best Virtual or Mobile Program - Payments Exchange Prepaid & Payment Awards[26] Won
2014 Carta Worldwide Host Card Emulation (HCE) with Remote Secure Element (RSE) for NFC Best Prepaid & Payments Innovation - Payments Exchange Prepaid & Payment Awards [26] Nominated
2014 Bread4Scrap - Payment Card Solutions (Carta Worldwide) Boundary Buster - PayBefore Awards Europe[27] Won
2015 DCR Strategies - TruCash Wallet (MasterCard & Carta Worldwide) Breakout Company of the Year - PayBefore Awards [28] Won
2015 DCR Strategies - TruCash Wallet (MasterCard & Carta Worldwide) Gotta-Have Mobile App of the Year - PayBefore Awards [29] Won
2015 By The Booth - Carta Worldwide (Mobile Payments Commercial)[30] Marketing (Product) Video - AVA Digital Awards (Platinum)[31] Won
2015 By The Booth - Carta Worldwide (Mobile Payments Commercial) [30] Marketing (Product) Video - Hermes Creative Awards (Platinum) [32] Won
2015 Carta Worldwide Contactless Bank Card Payments enabled on Vodafone Wallet (Oct 2015) [33] Nominated
2015 Raphaels Bank, Carta Worldwide, Visa, Vodafone Mobile Payments Solution of the Year - Payments Awards (Nov 2015) [34] Nominated
2015 Raphaels Bank, Carta Worldwide, Visa, Vodafone Best Contactless Payments Project - Payments Awards (Nov 2015) [34] Nominated

References

  1. ^ "Contactless Card Payments enabled on Vodafone Wallet with Visa and Carta Worldwide" Archived 2015-04-02 at the Wayback Machine, vodafone.com, March 30, 2015.
  2. ^ a b "PayPal partners with Vodafone for NFC payments in Europe". 12 February 2016.
  3. ^ Clark, Sarah. "Banco Sabadell picks Carta for HCE payments trial", NFC World. March 4, 2014.
  4. ^ http://www.mobilepaymentstoday.com/news/westpac-tests-nfc-enabled-mobile-payments-using-hce-in-new-zealand/ "Westpac tests NFC-enabled mobile payments using HCE in New Zealand
  5. ^ "Novum Bank Selects Carta Worldwide as Processing Platform for Prepaid Card and Debit Card Portfolios" Archived 2015-09-24 at the Wayback Machine, March 31, 2014.
  6. ^ "Nets selects Carta to bring tokenisation to 200+ Nordic banks". 16 February 2016.
  7. ^ "Carta Worldwide Expands into Japan" (Press release). 4 February 2021.
  8. ^ "Carta Worldwide Completes a World First with MasterCard" Archived 2014-09-24 at the Wayback Machine, MasterCard Newsroom, May 10, 2011.
  9. ^ "Carta Worldwide setting up shop in Charlottetown", CBC News, September 10, 2014
  10. ^ "Carta Solutions". 2010-05-06. Archived from the original on 2010-05-06. Retrieved 2022-11-04.
  11. ^ "Canada's 101 Fastest Growing FinTech Startups". Fintech Energy. 2022-07-29. Retrieved 2022-11-04.
  12. ^ "Carta Worldwide". 2010-08-03. Archived from the original on 2010-08-03. Retrieved 2022-11-04.
  13. ^ "Carta Worldwide". The Canadian Business Journal. 14 October 2014. Retrieved 14 August 2015.
  14. ^ Official Carta website Archived September 20, 2014, at the Wayback Machine, retrieved September 2, 2014.
  15. ^ "Brian Semkiw P. Eng. Executive Profile"[dead link], Bloomberg Businessweek, retrieved September 3, 2014.
  16. ^ Waddell, Nick (15 September 2014). "Difference Capital leads first tranche of $12-million Series D in Carta Worldwide". Cantech Letter.
  17. ^ Dorbian, Iris. "Difference Capital and DC Thomson back Carta", Reuters PE Hub, September 16, 2014
  18. ^ Boden, Rian. "Vodafone combines tokens and SIMs for NFC payments in Europe" NFC World. March 30, 2015. Retrieved April 14, 2015.
  19. ^ Balaban, Dan. "Vodafone Seeks to Revamp Wallet with Tokenization and Apple Pay Technology Model". NFC Times. Retrieved 14 August 2015.
  20. ^ "Carta Worldwide Appoints New Vice President of Business Development". Newswire. 29 April 2015. Archived from the original on 2020-07-27. Retrieved 19 May 2020.
  21. ^ "Carta Worldwide Announces Leadership Change" (Press release).
  22. ^ "Vancouver fintech Mogo acquires Carta Worldwide in $24m deal". Business in Vancouver. Retrieved 2021-01-15.
  23. ^ "Meet the Team". Carta Worldwide. Archived from the original on 2019-02-22. Retrieved 19 May 2020.
  24. ^ "Payments eXchange Announces Results of the 2013 PX Prepaid & Payments Awards" Archived 2014-09-08 at the Wayback Machine, Payments Exchange, June 13, 2013.
  25. ^ a b "Previous Winners". Emerging Payments Awards. Archived from the original on 31 July 2015. Retrieved 14 August 2015.
  26. ^ a b "Winners: Prepaid & Payments Awards". Payments Exchange. Archived from the original on 26 July 2015. Retrieved 14 August 2015.
  27. ^ "Paybefore Announces Winners for European Awards". Paybefore. Archived from the original on 4 March 2016. Retrieved 14 August 2015.
  28. ^ "2015 Paybefore Awards: Breakout Company of the Year". Paybefore. Archived from the original on 2 July 2015. Retrieved 14 August 2015.
  29. ^ "2015 Paybefore Awards: Gotta-Have Mobile App". Paybefore. Archived from the original on 3 July 2015. Retrieved 14 August 2015.
  30. ^ a b "Projects - Carta Worldwide". By The Booth. Archived from the original on 12 August 2015. Retrieved 14 August 2015.
  31. ^ "2015 Platinum Winners". AVA Digital Awards. Retrieved 14 August 2015.
  32. ^ "2015 Platinum Award Winners". Hermes Creative Awards. Retrieved 14 August 2015.
  33. ^ "2015 - Finalists". Emerging Payments Awards. Archived from the original on 29 August 2015. Retrieved 31 August 2015.
  34. ^ a b "Payments Awards Shortlist". Payments Awards. Archived from the original on 18 March 2015. Retrieved 14 August 2015.

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