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FinTech

Fintel Flexes Muscles with 13% Revenue Boost, but Investors Have a Different Take

  • Although the revenue rose, net income fell by 30% compared to last year.
  • The company expects to meet full-year revenue targets but anticipates some EBITDA pressure.
Tuesday, 17/09/2024 | 07:30 GMT by Damian Chmiel
Brokers

Increased Costs Lead to 60% Profit Drop for Capital.com UK in 2023 despite Higher Revenue

  • Company still paid $5 million dividend to shareholders.
  • Globally, reported double-digit revenue and account growth in H1 2024.
Wednesday, 11/09/2024 | 08:26 GMT by Damian Chmiel
Payments

B2B Focus Pays Off for UK Payment Firms in H1 2024 Results

  • Equals Group and Finseta reported strong financial results for H1 2024, with significant revenue growth.
  • They are investing in new technologies to capitalize on the growing demand for innovative payment solutions.
Tuesday, 10/09/2024 | 08:00 GMT by Damian Chmiel
Brokers

LandFX Boosts Net Profit by 20% despite Sharp Decline in 2023 Turnover

  • The company reported a turnover of just under £600K, down 27% from 2022.
  • Despite this, it managed to improve both operating profit and net profit.
Monday, 02/09/2024 | 09:25 GMT by Damian Chmiel
CryptoCurrency

This TOP10 Crypto Exchange's Revenue Collapsed by Over 70% in One Year

  • The UK-registered branch of Bitstamp earned four times less than in 2022.
  • Moreover, the net loss increased from €7 million to nearly €20 million.
Saturday, 31/08/2024 | 13:51 GMT by Damian Chmiel
Institutional FX

Monex Europe Reports Decline in Net Trading Income for 2023

  • Two separate entities are responsible for the company's operations in Europe.
  • One achieved higher net profit, while the other reported a loss.
Thursday, 29/08/2024 | 07:25 GMT by Damian Chmiel
Institutional FX

FXSpotStream's European Arm Reports 40% Revenue Growth

  • The company's net profit increased by over 60% to $183,000.
  • In the meantime, the net total assets rose by 30%.
Wednesday, 28/08/2024 | 09:39 GMT by Damian Chmiel
Brokers

Valutrades' Revenue Plummets Nearly 80% in a “Challenging Year”

  • The CFD company lost £3.8 million in 2023.
  • Retail client funds also shrank to just under £2 million.
Wednesday, 28/08/2024 | 06:53 GMT by Damian Chmiel
Brokers

ATC Brokers UK Closes Year with Profit Thanks to Doubled Revenue

  • Company turnover tripled to £5.6 million.
  • FX/CFD broker earned £800,000, reversing previous year's £50,000 loss.
Monday, 26/08/2024 | 06:45 GMT by Damian Chmiel
Brokers

TRADE.com UK Reports 60% Profit Growth in 2023

  • The FX/CFD broker reported significant growth in 2023, with revenue up 18% to £892K and net profit increasing to £218K.
  • The company has recently expanded operations to Italy and added prop trading services.
Monday, 26/08/2024 | 06:25 GMT by Damian Chmiel
Institutional FX

Sucden Financial Sees 30% Jump in 2023 Profits despite Revenue Dip

  • The net profit was at £23.9 million before taxation.
  • Total assets also grew, reaching a value of £168.5 million.
Tuesday, 02/07/2024 | 09:13 GMT by Damian Chmiel
Retail FX

CMC Markets Posts Record Post-Pandemic Revenue, Profit Surges 52%

  • The trading firm saw strong growth across retail and institutional segments.
  • Net operating income rose by 15% to £332.8 million.
Thursday, 20/06/2024 | 06:12 GMT by Damian Chmiel
Retail FX

Dukascopy's Net Profit Drops to CHF 1.3 Million in 2023

  • The financial result decreased by CHF 5.1 million compared to the previous year.
  • Market conditions last year were "challenging," according to the bank's Co-CEOs.
Tuesday, 30/04/2024 | 10:41 GMT by Damian Chmiel
CryptoCurrency

Crypto Mining Company Argo Reduced Losses by 85% in 2023

  • The company slashed its debt burden by 63% and optimized operations.
  • However, the mining difficulty of BTC after the halving has reached historical highs.
Thursday, 25/04/2024 | 06:58 GMT by Damian Chmiel
Institutional FX

Deutsche Bank and Barclays Soar in Q1, Report Net Income above Expectations

  • Both banks have implemented measures to improve efficiency and boost shareholder returns.
  • Barclays' net profit was about $600 million higher than Deutsche Bank's.
Thursday, 25/04/2024 | 06:43 GMT by Damian Chmiel
Payments

Equals' Profit More than Doubled in 2023 to £7.7 Million

  • The payments company reported record revenue, profitability, and cash generation in 2023.
Tuesday, 16/04/2024 | 06:55 GMT by Damian Chmiel
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
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
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
Institutional FX

FIS Raises Share Buyback Goal to $4 Billion amid a Double-Digit Decline in Earnings

  • The company reported a diluted EPS of $0.85 and an adjusted EPS of $3.37.
  • FIS’ net earnings dropped from $109 million to $64 million.
Monday, 26/02/2024 | 13:06 GMT by Jared Kirui
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
Institutional FX

BGC Group’s Q4 Revenue Hits All-Time High, Earnings Surge 22%

  • The group's revenue increased 18% to $516.8 million in Q4.
  • BGC's adjusted EBITDA jumped to $151.6 million during the fourth quarter.
Wednesday, 14/02/2024 | 13:58 GMT by Jared Kirui
Institutional FX

CME Group 2023 Financial Report: Revenue Soars to $5.6 Billion

  • In the fourth quarter, the firm reported $1.4 billion in revenue.
  • The average daily volume rose 17% year-over-year in the same quarter.
Wednesday, 14/02/2024 | 13:17 GMT by Tareq Sikder
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