Finance News
By Maheen Hernandez
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Finseta posted slower growth. The forex and payments company saw revenue hit £12.4 million for 2025, up from £11.
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The London-listed firm ended the year with 1,101 active customers, barely up from 1,059 in 2024.
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CEO James Hickman said the company made strategic progress despite headwinds. "While our revenue growth was constrained by macroeconomic factors, the strategic progress and…
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Adjusted EBITDA took a hit, dropping to £0.1 million from £2.0 million the year before. The company spent heavily on sales teams and compliance staff to support expansion plans.
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Not really surprising given the growth potential there.
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The UAE push led to a new office in the Dubai International Financial Centre plus aggressive hiring for sales and compliance roles.
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Cash position weakened significantly though. Year-end cash and equivalents dropped to £1.5 million from £2.6 million previously, while net debt hit £0.
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Management expects positive cash flow to return in the second half of 2026. That timeline depends on revenue growth from Dubai, Canada, and new products actually materializing as…
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The Dubai office became pivotal for Middle East expansion after opening in early 2025. According to the board, unexpected growth pace in the region forced additional resource…
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CFO Sarah Donovan said during January's investor call that the firm is exploring additional funding options.
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The corporate card scheme introduced in 2025 adds value for business clients. It's designed to streamline transactions and boost client retention in an increasingly competitive…
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Dubai's Category 3D license approval on March 10, 2025 marked a crucial regulatory milestone.
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Individual client pullback hurt revenue mix despite corporate surge. Tariff concerns and global economic uncertainty drove high-net-worth individuals to reduce activity…
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Revenue growth deceleration from 26% to 9% shows how macroeconomic factors impacted performance.
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Dubai hiring accelerated beyond initial plans as business development exceeded expectations. Sales and compliance staff additions support the rapid regional expansion.
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