History
The company was founded by Martin Vohánka as a petroleum trader in the Czech Republic as the W. A. G. Group in 1995.[5] It launched its payment services platform, which operated under the trade name of Eurowag, in 2000.[6] As of May 2021, the company was owned 59.1% by Vohánka and 32.7% by TA Associates.[7]
TThe company was listed on the London Stock Exchange (LSE) in October 2021.[8][9][10] The flotation badly "misfired" reducing the company's valuation from the value predicted of £1.4 billion[11] to just £0.7 billion.[12]
In April 2022, it collaborated with a Fintech company, Factris, to offer Eurowag Cash that enables customers to factor their customer invoices.[13]
In November 2022, the company acquired telematics business WebEye.[14] In October 2022, it acquired Inelo Group, a Polish business developing fleet management software.[15]
In September 2025, Eurowag’s LSE ticker changed from WFS to EWG.[16]
