Added to YB: 2024-07-11
Pitch date: 2024-07-09
FIN.L [bullish]
Finseta Plc
-69.04%
current return
Author Info
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Company Info
Finseta Plc, a financial technology company, engages in the provision of multi-currency accounts to businesses and individuals in the United Kingdom and internationally.
Market Cap
GBP 7.9M
Pitch Price
GBP 0.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
-12.14
P/E
-5.85
EV/Sales
0.69
Sector
Financial Services
Category
growth
Show full summary:
Finseta Plc: Strong Financial Performance Amid Sequential Challenges
FIN.L: H1 rev +42% YoY to £5.1M, adj EBITDA +300% to £0.8M. Active customers +9% to 952, avg transaction value up. Gross margin 65% (vs 61% H1 2023). £2.8M cash. On track for significant FY2024 growth. Focus on HNWI (61% rev) & corporate (39%) clients. Risks: Sequential decline from H2 2023.
Read full article (2 min)