Finseta Sees 42% Revenue Jump as Forex Platform Gains Traction

Finseta plc, a provider of foreign exchange and payments solutions, reported a 42% revenue increase to £5.1 million in the first half of 2024. Its shares spiked by 10% on the London Stock Exchange, and the company saw growth in its customer base and average transaction value. Gross margin improved to 65%, and adjusted EBITDA increased by 300% to £0.8 million. CEO James Hickman cited substantial growth and confirmed the company's on-track performance for the full year. Finseta is set to release detailed interim results on September 10, 2024. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Finance Magnates | Financial and business news – FinTech