- 2023 saw strong growth in new merchant acquisitions (+60%) and partnerships (+176%)
- Exceptional business growth has led to a 40% increase in headcount during 2023
- Strong demand for product suite across key verticals demonstrates rising demand for payment orchestration
Edinburgh, 24 January 2024: Leading payment orchestration platform, BR-DGE, has announced strong growth in 2023 in response to increasing market demand.
BR-DGE saw impressive growth in 2023, continuing its focus on winning new merchants, rolling out new technology and onboarding new partners such as Visa, PayPlug, Sift and American Express Pay with Bank transfer. Despite the backdrop of a challenging macro environment, new merchant signups grew by 60% year-on-year, committed revenues increased by 600%, while payment and technology partnerships increased by 176% during 2023.
“Our exceptional performance in 2023 has been underpinned by a strong appetite among merchants and partners for our solutions and the quality of both our people and proposition,” said BR-DGE Chief Executive, Thomas Gillan. “Large merchants are increasingly moving towards a multi-provider approach when it comes to payments – and orchestration technology offers the opportunity to optimise and simplify that multi-provider strategy, to reap all of the benefits, without the inherent complexity. We’re very focused on listening to the market and building technology solutions that deliver against the efficiency, resilience and revenue challenges they’re facing – I believe that’s why we’ve achieved record results in the last 12 months.”
Last year, the business completed a number of strategic projects, including being the first platform to go live with Visa Instalments with a UK merchant, and launching BR-DGE Vault, the company’s own independent Network Tokenisation solution.
To maintain momentum and deliver these industry-leading initiatives, BR-DGE’s total headcount grew by 40% during 2023. The business has invested in several high-calibre senior hires to help drive their solution-focused product roadmap, support customer success and accelerate company growth. BR-DGE also anticipates further expansion opportunities in North America and is looking to grow its team by 30% in H1 of this year.
Starting 2024, BR-DGE continues to see strong appetite for its payment solutions and products among its key verticals, including digital goods, ecommerce, financial institutions, travel, and gaming and gambling.
This year the partnerships team will continue to deepen its relationships with a number of global payment and technology leaders, focusing on key growth areas such as one-click checkouts. They will also start shaping BR-DGE's white-labelled offering for payment companies who are looking to add agility to their own capabilities.
Gillan added: “Looking ahead, the continued momentum behind BR-DGE in 2023 has reinforced our confidence in our ability to innovate and support merchants, partners and financial institutions across the payment ecosystem. I’m excited by the progress we’ve made – we’re currently onboarding several large enterprise merchants and our product teams continue to explore and push the boundaries of orchestration. The management team remains laser-focused on growing responsibly in line with market demand and our strategic ambitions of becoming a global category leader. It’s a big year ahead for BR-DGE.”
George Rogers: George.Rogers@MHPgroup.com / 07954 241 105