Online games payment platform hits milestone

Tebex, the Nottingham-based specialist provider of gCommerce solutions for online games, has now taken payments totalling more than £300m in 21m transactions.

It has now set its sights on the 50m transactions mark and total payments of £500m.

Tebex.io is the biggest gCommerce platform for Minecraft and several other online games, processes millions of transactions per year and has been used by well over 10m unique players.

Founder Lee McNeil, 23, originally ran Tebex out of his bedroom for the first two years of its existence but now employs a team of four and has thousands of customers.

McNeil said: “Tebex started out as just me, a gamer with a passion for coding and then the idea for a business that would help people to actually make money online with these immersive games.

“Now Tebex is truly a high growth company and we are looking to scale-up as we envisage the platform becoming the support infrastructure of the gaming industry.”

Whilst monetisation and payments form the backbone of the business, Tebex is increasingly moving into fraud, security and server infrastructure solutions.