 | |
| Formerly | Cidron Superpay |
|---|---|
| Type | Private company |
| Industry | Financial services |
| Founded | 2014 (2014) in Stockholm, Sweden |
| Founders |
|
| Defunct | 2020 (2020) |
| Fate | Merged |
| Successor | Worldline SA |
| Headquarters | Stockholm , Sweden |
| Parent | Ingenico |
| Website | www |
Bambora, is a Swedish-headquartered payment service provider formed in 2015 through the combination of Euroline1, Beanstream2, Keycorp, and IP Payments. Bambora provides payment processing, POS terminals, and merchant acquiring services. Bambora initially operated in Sweden, Canada, the US, and Australia.
Bambora later expanded into New Zealand, Norway, and the United Kingdom with subsequent smaller acquisitions in 2016. Bambora was itself acquired by French-based Ingenico in 2017 for $1.7B euros3. In 2020, Ingenico merged with Worldline SA.
History
Cidron Superpay was founded in 2014 in Stockholm, Sweden, by Johan Tjarnberg4 with funding from Nordic Capital. Cidron is Nordic spelled backwards5. The intent was to create a global payments company, through acquisition, to compete against industry leaders such as Global Collect, Adyen, and PayPal. Johan had successfully led a previous payments company, Point, in its growth and subsequent sale to Verifone in 20116.
In 2015 Cidron Superpay rebranded as Bambora7 and began acquiring global payments companies in an effort to integrate their various products and services and offer them at scale to a much broader range of customers.
Between 2015 and 2017, Bambora acquired 14 companies in Europe, North America, and Australia/New Zealand. Of those acquisitions, Euroline, Beanstream, Keycorp and IP Payments were the largest, with the CEOs of Beanstream and Keycorp subsequently joining Bambora's leadership team. Acquired companies were rebranded as Bambora, but local offices and management, for the most part, remained intact.
In 2017, Bambora was acquired by Ingenico Group of France for $1.7B euros8. Ingenico later merged with Worldline SA in late 20209.
In the fall of 2025, Wordline announced its intent to sell Bambora NA (the prior Beanstream business) to Shift410. Bambora NA was referenced as having approximately 140K merchants and 500 software ISVs. On 2 March 2026, Shift4 closed the acquisition11.
See also
See also
References
References
- "SEB to sell card-acquiring business for 2.2 bln SEK". Reuters. 27 May 2014.
{{cite news}}: CS1 maint: url-status (link) - Douglas Magazine (3 October 2015). "Beanstream Internet Commerce Acquired by Bambora Group".
- Raynaud, Camille (20 July 2017). "Payments firm Ingenico to buy rival Bambora for 1.5 billion euros".
- Tsnompilantze, Maria (12 September 2022). "Trustly's Johan Tjärnberg to focus on the shift towards open banking during his keynote at SBC Summit Barcelona". SBCNEWS. Sports Betting Community. Retrieved 4 October 2022.
- Dagens industri (2 December 2014). "Nordic Capital challenges Apple and Klarna".
- Nordic Capital (14 November 2011). "Nordic Capital Fund V divests Point to VeriFone".
- Bloomberg (14 April 2014). "Bambora Group AB". Bloomberg LEI.
- Espinoza, Javier (20 July 2017). "Ingenico buys Swedish payments group Bambora for €1.5bn". Financial Times. Retrieved 29 August 2022.
- Manikandan, Aswin (5 November 2020). "Worldline, Ingenico merger to aid combined entity's foray into new businesses in India". The Economic Times. Bennett, Coleman & Co. Ltd. Retrieved 29 August 2022.
- Electronic Payments International (23 October 2025). "Shift4 to purchase Bambora North America from Worldline".
- Shift4 Completes Previously Announced Acquisition of Worldline's North American Subsidiaries, Tom (2 March 2026). "Shift4 Completes Previously Announced Acquisition of Worldline's North American Subsidiaries". Business Wire.
{{cite news}}: CS1 maint: numeric names: authors list (link)