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Bango.net Ltd

Company Profile Analysis

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Bango.net Ltd - ICT showcase

Year Founded & Workforce

1999

232 Employees

Industry

ICT
B

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Bango.net Ltd Overview

Company Headquarters: UK

Founded: 1999

Workforce: ~232

Company Working: Bango.net Ltd provides a platform for mobile internet payments. The firm creates, markets, and sells technology that allows mobile phone users to pay for entertainment and media on connected devices. Its main product is the Bango Payment Platform, which connects app stores and content producers to mobile operators worldwide. Furthermore, it has created Bango Boost and Bango Dashboard. Bango is driving this expansion, ensuring that mobile operators and businesses can provide the best payment experience to more people. It provides carrier billing for prominent mobile carriers such as EE, Verizon, BT, Vodafone, Softbank, NTT Docomo, Deutsche Telekom, and others, and leading merchants such as Amazon, Google, and Microsoft. It caters to industries such as retail, telecommunications, and app developers. It consists of 60 Operators and 30 Merchants. Bango has 310 customers spread throughout 36 countries. The corporation operates in the United Kingdom, the European Union, the United States and Canada, Indonesia, and the rest of the world.

Strategy

Bango.net Ltd provides merchants and payment providers with data insights that help them provide a better user experience and attract more paying consumers. Bango processes approximately $8 billion in payments annually across numerous merchants and markets. Bango collects data on payment habits and preferences, which is then analyzed to create insights that increase sales.

Company Snapshot

$9.4M

Revenue

232

Employees

1999

Founded

UK

Headquarters

SWOT Analysis

Strengths

  • Continuous success in gaining new customers provides the company with a competitive advantage over other players in the market

Weaknesses

  • Payout rate is often be much lower than with other mobile payments options

Opportunities

  • Increased use of subscription-based digital content is supporting the growth of DCB and is creating an opportunity for the company to achieve a strong market share

Threats

  • Foreign currency fluctuation risks
  • Growing market competition

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Key Developments

DateApproachDevelopment
August 2022AcquiredBango has bought NTT DOCOMO's global payments division, which was previously known as Docomo Digital. Bango and NTT DOCOMO have agreed to a multi-year platform agreement to supply carrier billing and wallet integration services. NTT DOCOMO is the world's largest carrier billing operator.
November 2020PartnershipBango, the worldwide data-driven commerce platform, has announced that it will enable bundled subscription services for BT, the UK's premier telecommunications business. BT has chosen the Bango Platform as a key integration point to provide its customers with various third-party products and services. Bango and BT's collaboration will provide more leisure and commerce options to BT's large consumer base.

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 9.4 Mn in 2019 to USD 20.7 Mn in 2021.
Bango.net Ltd — By Business Segment
Series (USD Mn)201920202021
Sales9.415.720.7

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