The Belgian central bank confirmed the acquisition.
Equals’ revenues rose by 43% and the company expects to achieve the targets set for 2023.
Finance Magnates
Equals
(AIM: EQLS), a publicly-listed fintech company, issued two important updates
today (Wednesday). The first piece of information refers to the completion of the
acquisition of Oonex S.A., a full-service payment institution. The second
update summarized the trading results for the first half of 2023. H1 proved to
be a record-breaking period for Equals, with the company's revenues increasing 43%.
Equals Reports Record
Revenues
According
to the trading update for the period from January to June 2023, Equals'
revenues reached £45 million, significantly growing from £31.4 million which was reported in the same period last year. Revenues also increased compared to the
previous half-year (21%), from £38.3 million.
The report demonstrates
that Equals achieved positive growth in all key sectors of its operations. The
strongest performance was observed in the 'Solutions' sector, where
there was an appreciation of 116% compared to H1 2022, reaching £13.6 million, and
an increase of 46% compared to H2 2022.
"It is
very pleasing to be able to report half-year revenues for 2023 that exceed
those posted for the whole year in 2021. To have come so far in such a short
period of time is testament to the incredible efforts of everyone who works for
the Equals Group," Ian Strafford-Taylor, the CEO of Equals, commented on
the trading update.
The average
daily revenue of the company in the first half of the current year amounted to
£363,000, growing by 42% from £255,000 reported last year. The
management confirms that the financial results align with the forecasts for the
fiscal year 2023. Furthermore, the Adjusted EBITDA margins are expected to be
20%, even after the acquisition of Oonex.
Reacting to the news of the financial results and the acquisition of Oonex, Equals shares are up more than 3% today to £99, with year-to-date gains of almost 11%.
Source: Yahoo! Finance
Equals Completes the
Acquisition of Oonex
Before
publishing the trading update, the company issued a regulatory filing regarding
the completion of the acquisition of Oonex S.A. The National Bank of Belgium
(NBB) confirmed that it had no objections to the transaction, which was closed
on 4 July 2023.
The payment
for the acquisition is being made by issuing an initial batch of 3,938,294 ordinary
shares with a value of 1 pence each in Equals Group plc. Additional batches of
61,706 and up to 1,000,000 shares (subject to certain conditions) will be
issued within the next six months.
"We
are delighted that the NBB has confirmed that it had no objections to the
change of control for Oonex, so we can now commence growing the business in
Brussels as well as integrating it into the Equals technology platform,"
added Strafford-Taylor. He sees Oonex as a tremendous opportunity for Equals.
The
acquisition of Oonex and its regulatory licenses and banking relationships
enable Equals to introduce its payments to new European markets. Oonex's
ability to issue local IBAN numbers in the Eurozone significantly expands the
addressable market for the group's platform and products.
For Equals
it is another acquisition after the purchase of open banking startup Roqqett Limited
for £2.25 million back in November 2022.
Equals
(AIM: EQLS), a publicly-listed fintech company, issued two important updates
today (Wednesday). The first piece of information refers to the completion of the
acquisition of Oonex S.A., a full-service payment institution. The second
update summarized the trading results for the first half of 2023. H1 proved to
be a record-breaking period for Equals, with the company's revenues increasing 43%.
Equals Reports Record
Revenues
According
to the trading update for the period from January to June 2023, Equals'
revenues reached £45 million, significantly growing from £31.4 million which was reported in the same period last year. Revenues also increased compared to the
previous half-year (21%), from £38.3 million.
The report demonstrates
that Equals achieved positive growth in all key sectors of its operations. The
strongest performance was observed in the 'Solutions' sector, where
there was an appreciation of 116% compared to H1 2022, reaching £13.6 million, and
an increase of 46% compared to H2 2022.
"It is
very pleasing to be able to report half-year revenues for 2023 that exceed
those posted for the whole year in 2021. To have come so far in such a short
period of time is testament to the incredible efforts of everyone who works for
the Equals Group," Ian Strafford-Taylor, the CEO of Equals, commented on
the trading update.
The average
daily revenue of the company in the first half of the current year amounted to
£363,000, growing by 42% from £255,000 reported last year. The
management confirms that the financial results align with the forecasts for the
fiscal year 2023. Furthermore, the Adjusted EBITDA margins are expected to be
20%, even after the acquisition of Oonex.
Reacting to the news of the financial results and the acquisition of Oonex, Equals shares are up more than 3% today to £99, with year-to-date gains of almost 11%.
Source: Yahoo! Finance
Equals Completes the
Acquisition of Oonex
Before
publishing the trading update, the company issued a regulatory filing regarding
the completion of the acquisition of Oonex S.A. The National Bank of Belgium
(NBB) confirmed that it had no objections to the transaction, which was closed
on 4 July 2023.
The payment
for the acquisition is being made by issuing an initial batch of 3,938,294 ordinary
shares with a value of 1 pence each in Equals Group plc. Additional batches of
61,706 and up to 1,000,000 shares (subject to certain conditions) will be
issued within the next six months.
"We
are delighted that the NBB has confirmed that it had no objections to the
change of control for Oonex, so we can now commence growing the business in
Brussels as well as integrating it into the Equals technology platform,"
added Strafford-Taylor. He sees Oonex as a tremendous opportunity for Equals.
The
acquisition of Oonex and its regulatory licenses and banking relationships
enable Equals to introduce its payments to new European markets. Oonex's
ability to issue local IBAN numbers in the Eurozone significantly expands the
addressable market for the group's platform and products.
For Equals
it is another acquisition after the purchase of open banking startup Roqqett Limited
for £2.25 million back in November 2022.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Prediction Markets Scale Up as Volumes Surge, But Regulation and Liquidity Remain Key Constraints
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
