Vesta is the industry leader in providing guaranteed fraud prevention solutions to the telecom and e-commerce sectors.
Established in 1995, Vesta pioneered the guaranteed payment model in the prepaid telecom industry and now their patented fraud technology is powered by a proprietary, global database of over 100m unique e-commerce customers. Vesta has processed over 1 billion card-non-present transactions since inception and processed more than $17b worth of payments in 2017 alone. Vesta’s unique solution helps eliminate fraud, thereby increasing revenue through higher transaction acceptance and lower expenses related to fraud.
Approach & Differentiation
Vesta was seeking an equity partner to facilitate the refinancing of expensive junior debt. Vector used the opportunity to propose a senior debt security which was less dilutive than the contemplated equity raise. With the help of management, we designed an accommodative security that matched Vesta’s complex balance sheet needs.