Finseta CEO discusses strong H1 2024 performance as the company expands into new markets

Proactive - Interviews for investors

Finseta plc CEO James Hickman takes Proactive's Stephen Gunnion through the company's first-half trading update, showcasing significant growth in revenue and EBITDA. Hickman shared that despite off-boarding the white label business, Finseta achieved 42% year-on-year revenue growth, highlighting the strategic shift towards direct revenue to enhance margins. Hickman noted, “The team's hard work has resulted in a 42% revenue increase, which, excluding the white label business, translates to a 54% growth.” He emphasised the company's strategy to focus on product expansion and targeting high-net-worth individuals and middle-sized corporates through their growing introducer network. Discussing geographical expansion, Hickman confirmed Finseta's successful entry into the Canadian market with the granting of the Fintrac license and the upcoming launch of a commercial card scheme in collaboration with Mastercard. The company is also poised to expand operations in Dubai, pending regulatory approval. Hickman is optimistic about the second half of 2024, aiming to maintain growth, control costs, and continue pushing sales efforts. Visit Proactive's YouTube channel for more videos. Don’t forget to like the video, subscribe to the channel, and enable notifications for future content. #Finseta #JamesHickman #RevenueGrowth #EBITDA #FinancialUpdate #MarketExpansion #CanadaBusiness #CommercialCard #ProactiveInterviews #BusinessStrategy #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews