- First-half revenue up 42 per cent to £5.1mn
- Cash profit quadruples to £0.8mn
Finseta (FIN:37.5p), a challenger brand in international payment solutions, has released a robust pre-close trading update ahead of its interim results on 10 September 2024.
Reflecting the focus on corporate and high-net-worth individuals, first-half revenue soared from £3.6mn to £5.1mn, buoyed by 9 per cent growth in active customers as well as higher average transaction value. Moreover, the strategic decision to manage down its historic white-label business is boosting profitability, as highlighted by the increase in gross margin from 61 to 65 per cent.