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2023

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Payments

ClearBank Goes from £7.1M Loss to £18.4M Profit in One Year

  • The company achieved profitability in 2023 despite the challenging financial landscape.
  • On top of that, the value of held deposits rose to £6.1 billion.
Thursday, 04/04/2024 | 08:10 GMT by Damian Chmiel
Analysis

Active Traders in Poland’s FX/CFD Markets Up 23%, Outpacing EU Peers

  • "European Tiger" takes the lead regarding active FX/CFD traders numbers, reaching 175,000.
  • However, investors' trading activity decreased compared to the record-breaking 2022.
Wednesday, 03/04/2024 | 12:07 GMT by Damian Chmiel
Retail FX

Plus500’s Net Profit Fell by 40% in 2023

  • Total revenues also shrank 14% to $726 million.
  • However, the company managed to acquire over 90,000 new customers.
Tuesday, 02/04/2024 | 07:03 GMT by Damian Chmiel
Retail FX

Playtech Boosts Revenue to €1.7B Thanks to Key Milestone in B2C

  • The company exceeds expectations with 9% Adjusted EBITDA growth.
  • However, the profit after tax fell slightly, decreasing 2% compared to 2022.
Wednesday, 27/03/2024 | 07:43 GMT by Damian Chmiel
FinTech

CAB Payments' Expansion Strategy Pays Off with 25% Income Rise

  • Despite higher gross income, the company reported lower profit after tax.
  • It fell 29% to £23.9 million from £33.4 million achieved a year earlier.
Tuesday, 26/03/2024 | 07:56 GMT by Damian Chmiel
FinTech

UP Fintech Attracts Record Net Asset Inflow, Doubles Total Account Balance in 2023

  • The company reports strong 2023 results driven by expansion and product innovation.
  • Revenues increased 10% on a quarterly and 21% on a yearly basis.
Wednesday, 20/03/2024 | 08:34 GMT by Damian Chmiel
Retail FX

iSAM Securities UK Unit’s Revenue Falls 11% as Trading Environment Weakens

  • The financial results turned out to be visibly worse than the previous year.
  • However, the London-based prime broker is gearing up for expansion with new offerings.
Thursday, 14/03/2024 | 11:07 GMT by Damian Chmiel
Retail FX

XTB UK Active Clients Surge 90% in 2023 amid Strong Market Volatility, New Products

  • The company also reported an increase of 21% in revenue and a rise of 100% in net profit.
  • Fintech wants to enter the £400 billion ISA market, which could boost its future performance.
Thursday, 14/03/2024 | 09:29 GMT by Damian Chmiel
Payments

Worldline's 2023: Revenue Up but €817M Net Loss Weighs on Results

  • The company's income grew to €4.61 Billion, but it reported a net loss of €817M.
  • For 2024, Worldline targets at least 3% organic revenue growth and €1.17 Billion in EBITDA.
Wednesday, 28/02/2024 | 13:30 GMT by Damian Chmiel
CryptoCurrency

Abu Dhabi's First Crypto Miner Shows Initial Report Following $370M IPO Success

  • Phoenix Group UAE reported a jump in net income of 50% despite visibly lower revenues.
  • Crypto assets growth and a one-time contract boosted company's earnings.
Thursday, 15/02/2024 | 09:15 GMT by Damian Chmiel
Retail FX

FCA’s 2023 Crusade against Financial Fraud Hits New Peak

  • The number of warnings rose 21% from 2022.
  • Awareness and use of FCA's Warning List increased, aiding scam prevention.
Thursday, 08/02/2024 | 12:26 GMT by Damian Chmiel
FinTech

Fintech and VC Funding Plummet off a Cliff: Worst Results in 5 Years

  • Fintech funding has reached its lowest levels since 2017
  • Declines have spared virtually no region or industry.
Wednesday, 07/02/2024 | 11:20 GMT by Damian Chmiel
Institutional FX

MarketAxess Reports Higher Net Income and Volume in 2023, Fueled by X-Pro Platform

  • The company reports 11% revenue growth in Q4 and substantial gains in 2023.
  • The new platform and volume growth drove positive results.
Wednesday, 31/01/2024 | 12:21 GMT by Damian Chmiel
Institutional FX

Virtu Financial's 2023 Profit Decline 42% amid Changing Markets

  • The fall occurred despite maintaining strong EBITDA margins.
  • For Q4 2023, the drop was even more visible and came in at 83%.
Thursday, 25/01/2024 | 11:35 GMT by Damian Chmiel
FinTech

Boku's Revenue Jumps 30% to $82.7 Million Driven by Increased Transaction Volumes

  • The company also forecasts continued growth into 2024
  • In response to solid results, Boku's shares jumped 7%, hitting a two-year high.
Tuesday, 23/01/2024 | 09:31 GMT by Damian Chmiel
Retail FX

2024 IPO Outlook: EY's Chan Forecasts a Brighter Year for Listings Post-2023's Gloom

  • Last year saw fewer offerings and lower capital compared to 2022.
  • Despite market challenges, 2024 could see improved IPO prospects.
Thursday, 18/01/2024 | 21:01 GMT by Damian Chmiel
Retail FX

Interactive Brokers Reports Strong Q4 2023 Results with Income Soaring 18%

  • The firm's net revenues hit $1.139 billion, reflecting a substantial increase from the same quarter last year.
  • Interactive Brokers posted an increase of 29% in net interest income.
Tuesday, 16/01/2024 | 22:07 GMT by Jared Kirui
FinTech

Equals Group Ends 2023 on High Note with 37% Revenue Surge

  • The rise was driven by growth in its Solutions business and B2B products.
  • Despite an ongoing strategic review, Equals expressed confidence in its growth prospects.
Tuesday, 16/01/2024 | 08:01 GMT by Damian Chmiel
FinTech

Cornerstone Announces 100% Revenue Increase in 2023

  • The company reported a revenue of £9.6M.
  • Strong customer base and transaction values drove growth in the past year.
Wednesday, 10/01/2024 | 08:07 GMT by Damian Chmiel
CryptoCurrency

KuCoin Expands User Base to 31 Million, Doubles Trading Volume in 2023

  • The crypto exchange reported a visible growth despite regulatory challenges.
  • The spot crypto volumes rose 106% compared to 2022.
Tuesday, 09/01/2024 | 10:51 GMT by Damian Chmiel
FinTech

The Great Fintech Slowdown: US and UK's Funding Struggle in 2023

  • US fintech funding falls 36% to $18.2 Billion in 2023, while the UK sees 63% drop to $4.2 Billion.
  • Economic challenges lead to those significant downturns in the biggest fintech economies.
Monday, 08/01/2024 | 11:16 GMT by Damian Chmiel
CryptoCurrency

Bitget Wallet Unveils AI Tool to Spot Crypto "Whales"

  • Former BitKeep launched a new feature to track top crypto traders.
  • The crypto wallet surpassed 12 million users in 2023.
Friday, 05/01/2024 | 10:00 GMT by Damian Chmiel
Institutional FX

SIX Swiss Exchange Records 13% Drop in Turnover amid Declining Transactions

  • The exchange’s turnover decreased to CHF 1,046.3 billion in 2023.
  • SIX's transaction volumes dropped to 46,094,349 from 60,810,665.
Wednesday, 03/01/2024 | 16:16 GMT by Jared Kirui
Trending

AI in 2023 – Rises, Falls and Evolution

  • Boardroom coups, fierce competition and the arrival of the big players.
  • From ChatGPT's rise to Mistral's meteoric seed.
  • From images to text, to video and more, AI is changing the game, fast.
Friday, 29/12/2023 | 12:51 GMT by Louis Parks
Trending

2023: The US Economy’s Rollercoaster Ride

  • The year saw both optimism and economic uncertainty.
  • While the government is claiming all is well, confidence is low.
  • But hey, at least we're not SBF.
Friday, 29/12/2023 | 11:32 GMT by Louis Parks
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