Finance News
By Bruce Buterin
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What happened. Finseta — previously called Cornerstone FS — just posted a net loss of £1.1 million for 2025.
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The historical context. Finseta's situation isn't new in fintech. It's kind of a recurring script.
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Why it matters. Corporate clients now make up 57% of Finseta's total revenue.
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What to watch. 1. Corporate revenue share: Watch whether Finseta's corporate client revenue keeps growing beyond…
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Finseta — previously called Cornerstone FS — just posted a net loss of £1.1 million for 2025. A year earlier, it had made a £1.0 million profit.
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The expansion into Dubai and Canada drove a big chunk of those costs. So did the push into corporate banking.
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Monzo went through something similar in the late 2010s when it pushed into the US market. The expansion strained its finances and slowed any path to profitability.
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Elsewhere in the sector, Equals Group went private after its own strategic pivot toward business customers. The broader fintech landscape has thinned out over the past few years.
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Corporate clients now make up 57% of Finseta's total revenue. That's a meaningful number, and it didn't happen by accident — it's the result of a deliberate shift away from…
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Currency market volatility, partly linked to tariff-driven uncertainty, probably played a role too.
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Read also: Bank of America Taps 20-Year Veteran Adam Dixon to Lead Global Digital Assets Push
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The competitive problem is real. Finseta now plays in spaces where Alpha Group and other established players have deeper pockets, broader product suites, and more entrenched…
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The corporate card initiative was meant to diversify the product offering. It didn't land the way Finseta wanted.
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2. Cash reserve levels: The £1.5 million cash position needs watching. Any meaningful drop below that level would tighten strategic options fast — and Finseta doesn't have a lot…
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Related: CFTC Drops No-Deny Rule, Mirroring SECs Settlement Overhaul
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