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.
Revolut Sees Easier Path Into US Banking Without Buying a Bank
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
