- Founded
- 2012-01-01 in Petah Tikva, Israel
- Headquarters
- Petah Tikva, Israel
- info@algocharge.com
- Phone
- +357 220 304 53
AlgoCharge was a payment processing technology company founded in 2012 in Petah Tikva, Israel, that specialized in algorithm-powered payment gateway solutions for high-risk online industries. The company targeted merchants in online trading (forex and binary options), gaming, and e-commerce, offering a PCI Level 1 compliant platform capable of processing over 80 payment methods, including credit cards, bank transfers, and e-wallets. AlgoCharge positioned itself as the successor to AllCharge, a legacy internet payment service provider, claiming over a decade of research and development. Its core value proposition was an advanced algorithm engine designed to increase transaction approval rates while simultaneously reducing fraud and controlling risk. Despite marketing itself with an 11-50 employee workforce on LinkedIn, other sources indicate the company had as few as two employees and operated with no external funding. The official domain is now listed for sale, and Crunchbase lists the company’s operating status as “Closed,” confirming the business is no longer active.
Detailed Review
History and Founding
AlgoCharge was founded in 2012 in Petah Tikva, Israel, by Sarel Tal. The company entered the competitive payment processing market with a clear focus on serving high-risk merchants—forex brokers, binary options firms, gaming operators, and e-commerce businesses that face elevated chargeback and fraud rates. AlgoCharge claimed to be the successor of AllCharge, a world-leading internet payment service provider, implying a lineage of experience in the space.
Business Model and Products
AlgoCharge’s core platform was an algorithm-driven payment gateway designed to optimize transaction approval cycles by analyzing risk factors in real time. The platform supported over 80 payment methods, including credit cards, bank transfers, and e-wallets, and was PCI Level 1 compliant with 3D-Secure authentication, multi-currency capability, and real-time risk analysis. The company also offered two merchant account products: the Starter Kit for new online businesses and the Advanced Kit for offshore and non-regulated brokers, providing higher processing limits and enhanced risk management tools. These products were highlighted in a Finance Magnates article covering the Advanced Kit launch.
Market Position and Scale
AlgoCharge never raised external funding and operated with a very lean team. While LinkedIn reported 11-50 employees, Tracxn recorded only two employees as of May 2026, suggesting a shell-like operation toward the end. The company had no publicly recorded partnerships, acquisitions, or significant growth milestones. Its official website (algocharge.com) is now parked for sale, and Crunchbase lists the company’s status as “Closed.”
Leadership
Only one person is confirmed in a named role: founder Sarel Tal. No other C-level executives (CEO, CTO, COO, etc.) were found in any public sources. The LinkedIn page does not display employee names, and no press releases or team pages exist.
Key Products
AlgoCharge Payment Gateway
An algorithm-driven payment gateway supporting over 80 payment methods, PCI Level 1 compliant, with 3D-Secure, real-time risk analysis, and multi-currency capability for high-risk merchants.
Advanced Kit Merchant Account
A merchant account for offshore and non-regulated brokers offering higher processing limits and enhanced risk management tools.
Starter Kit Merchant Account
An entry-level merchant account for new online businesses with basic payment processing and built-in fraud controls.
Offices & Headcount
2 employees (approx.)