Finseta plc (LON:FIN), a foreign exchange and payments solutions company, today posted its unaudited interim results for the six months ended 30 June 2024 (H1 2024).
Revenue for the six months to 30 June 2024 increased by 40% to £5.1 million compared with £3.6 million for the first half of the previous year. On an underlying basis, to exclude revenue generated by white label partners in H1 2023, the Group’s revenue grew by 54% in H1 2024 over H1 2023.
This significant growth reflects an increase in active customers and in average transaction value, reflecting the Group’s expansion of its sales team and introducer network and an increased focus on providing an exceptional level of service to its clients.
Gross margin improved to 65.7% (H1 2023: 61.0%), which is primarily due to the Group no longer deriving…
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