Mobile payment solutions provider sees 23% revenue increase.
In addition, it welcomes Rob Whittick as Chief Financial Officer.
Rob Whittick, Boku's Chief Financial Officer
Boku Inc.
(LON: BOKU) has announced higher revenues for the first half of 2024 and
appointed a new Chief Financial Officer (CFO) as the company continues its
expansion in the localized payment methods (LPMs) market.
Mobile Payments Company
Reports 23% Revenue Boost
The provider
of global mobile payment solutions, reported expected revenues of at least
$47.0 million for the six months ended June 30, 2024, marking a 23% increase
from $38.2 million in the same period last year. On a constant currency basis,
the growth was even more visible at 30%, primarily driven by increasing
transaction volumes from existing merchants.
Stuart Neal, Boku's CEO
"Boku
is targeting the $2.2 trillion market in cross border ecommerce, within which
it is predicted that 60% will occur using local payment methods by 2028,”
commented Stuart Neal, Boku's CEO. “Throughout H1 2024, we have continued to
make bold steps towards becoming the world's best network for localised payment
methods, including the creation of world leading licensed money movement
capabilities, due to complete in H1 2025.”
Neal is the
new president of Boku, having taken over the position at the beginning of this
year from Jon Prideaux.
The
company's carrier-related revenues, including Direct Carrier Billing (DCB) and
Bundling, showed continued resilience with double-digit growth compared to H1
2023. Digital Wallets and Account-to-Account (A2A) revenues saw a significant
uptick of over 50%, rising from $7.5 million in H1 2023, demonstrating
increasing adoption, including the notable launch of Google on BLIK in Poland.
Boku's
operational metrics also showed strong growth, with Monthly Active Users (MAUs)
of the Boku platform reaching 79.6 million in June 2024, a 30% increase from
61.2 million in June 2023. Total Payment Volume (TPV) rose to $5.8 billion in
H1 2024, up 17% from $5.0 billion in H1 2023, with an even higher growth of 26%
on a constant currency basis.
A
few months ago, the company also reported its results for the entire year of
2023, showing a 178% jump in profit and an increase in new customers by more
than 66 million. Boku closed the year with a pre-tax profit of $11.4 million.
The net profit was at $10.1 million, compared to $4.3 million in the previous
year
New CFO Joins Boku
In a
separate announcement, Boku revealed the appointment of Rob Whittick as its new
Chief Financial Officer, effective immediately. Whittick, a Chartered
Accountant, brings over 25 years of experience from Natwest Group plc, where he
held various senior roles, including Finance Director for Commercial and
Private Banking.
"He
brings with him a wealth of experience and knowledge, in particular financial
and operational expertise from within a large and complex organization,
invaluable as we progress our own scaling journey,” Neal welcomed Whittick to
the team.
The move
comes after the company's long-standing CFO, Keith Butcher, announced in early
May that he would retire after 40 years of service in the financial industry.
As Boku
continues to invest in its core back-end infrastructure throughout 2024 and
2025, the company aims to enable scalable growth over the next five years,
preparing for an acceleration in regulated A2A volumes and material increases
in cross-border transactions.
"I am
excited to be joining Boku at such an important time in the Company's
development,” added Whittick. “I look forward to working closely with Stuart
and the team to drive continued growth and innovation, and to contribute to
Boku's ongoing success."
Boku Inc.
(LON: BOKU) has announced higher revenues for the first half of 2024 and
appointed a new Chief Financial Officer (CFO) as the company continues its
expansion in the localized payment methods (LPMs) market.
Mobile Payments Company
Reports 23% Revenue Boost
The provider
of global mobile payment solutions, reported expected revenues of at least
$47.0 million for the six months ended June 30, 2024, marking a 23% increase
from $38.2 million in the same period last year. On a constant currency basis,
the growth was even more visible at 30%, primarily driven by increasing
transaction volumes from existing merchants.
Stuart Neal, Boku's CEO
"Boku
is targeting the $2.2 trillion market in cross border ecommerce, within which
it is predicted that 60% will occur using local payment methods by 2028,”
commented Stuart Neal, Boku's CEO. “Throughout H1 2024, we have continued to
make bold steps towards becoming the world's best network for localised payment
methods, including the creation of world leading licensed money movement
capabilities, due to complete in H1 2025.”
Neal is the
new president of Boku, having taken over the position at the beginning of this
year from Jon Prideaux.
The
company's carrier-related revenues, including Direct Carrier Billing (DCB) and
Bundling, showed continued resilience with double-digit growth compared to H1
2023. Digital Wallets and Account-to-Account (A2A) revenues saw a significant
uptick of over 50%, rising from $7.5 million in H1 2023, demonstrating
increasing adoption, including the notable launch of Google on BLIK in Poland.
Boku's
operational metrics also showed strong growth, with Monthly Active Users (MAUs)
of the Boku platform reaching 79.6 million in June 2024, a 30% increase from
61.2 million in June 2023. Total Payment Volume (TPV) rose to $5.8 billion in
H1 2024, up 17% from $5.0 billion in H1 2023, with an even higher growth of 26%
on a constant currency basis.
A
few months ago, the company also reported its results for the entire year of
2023, showing a 178% jump in profit and an increase in new customers by more
than 66 million. Boku closed the year with a pre-tax profit of $11.4 million.
The net profit was at $10.1 million, compared to $4.3 million in the previous
year
New CFO Joins Boku
In a
separate announcement, Boku revealed the appointment of Rob Whittick as its new
Chief Financial Officer, effective immediately. Whittick, a Chartered
Accountant, brings over 25 years of experience from Natwest Group plc, where he
held various senior roles, including Finance Director for Commercial and
Private Banking.
"He
brings with him a wealth of experience and knowledge, in particular financial
and operational expertise from within a large and complex organization,
invaluable as we progress our own scaling journey,” Neal welcomed Whittick to
the team.
The move
comes after the company's long-standing CFO, Keith Butcher, announced in early
May that he would retire after 40 years of service in the financial industry.
As Boku
continues to invest in its core back-end infrastructure throughout 2024 and
2025, the company aims to enable scalable growth over the next five years,
preparing for an acceleration in regulated A2A volumes and material increases
in cross-border transactions.
"I am
excited to be joining Boku at such an important time in the Company's
development,” added Whittick. “I look forward to working closely with Stuart
and the team to drive continued growth and innovation, and to contribute to
Boku's ongoing success."
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.
Robinhood Shares Surge 11% as Fintech Seeks Independence From Kalshi in Prediction Markets
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
