Cornerstone FS plc (LON:CSFS), a Forex and payments solutions company, today provided an update on trading for the year ended 31 December 2023.
The Group confirmed that the previously reported strong trading momentum was sustained to year end and, as a result, it expects to report a year-on-year increase in revenue of approximately 100% to £9.6 million (2022: £4.8m), ahead of market expectations. The significant growth reflects the advancements made across the business driving year-on-year increases in active customers (2023: 906, 2022: 803) and average transaction value.
Key elements of this have been growth in the sales team and enhancing and expanding the Group’s offering, in particular increasing the number of counterparties to broaden the range of currencies and countries where it can transact.
The Group expects to report…
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