The Currency analytics
By Maheen Hernandez
Finseta posted slower growth. The forex and payments company saw revenue hit £12.4 million for 2025, up from £11.
The London-listed firm ended the year with 1,101 active customers, barely up from 1,059 in 2024.
CEO James Hickman said the company made strategic progress despite headwinds. "While our revenue growth was constrained by macroeconomic factors, the strategic progress and…
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.
Not really surprising given the growth potential there.
The UAE push led to a new office in the Dubai International Financial Centre plus aggressive hiring for sales and compliance roles.
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.
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…
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…
CFO Sarah Donovan said during January's investor call that the firm is exploring additional funding options.
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…
Dubai's Category 3D license approval on March 10, 2025 marked a crucial regulatory milestone.
Individual client pullback hurt revenue mix despite corporate surge. Tariff concerns and global economic uncertainty drove high-net-worth individuals to reduce activity…
Revenue growth deceleration from 26% to 9% shows how macroeconomic factors impacted performance.
Dubai hiring accelerated beyond initial plans as business development exceeded expectations. Sales and compliance staff additions support the rapid regional expansion.