The Forex company achieved 26% revenue growth last year, with improved margins and profitability.
The company expanded its customer base to 1,059 active users while strengthening its strategic position.
Foreign
exchange and payments solutions provider Finseta (LSE: FIN) reported strong
financial performance for 2024. Underlying revenue climbed 26% to £11.3
million as the company expanded its customer base.
Finseta Reports 26%
Revenue Growth in 2024, Driven by Customer Base Expansion
The
London-listed fintech firm saw its active customer count rise to 1,059 from 906
in the previous year, while adjusted EBITDA increased 18% to £2.0 million. The
company's gross margin improved to 65.5%, up from 63.4% in 2023.
Private
clients, primarily high-net-worth individuals, accounted for 59% of total
revenue, while corporate accounts contributed 40%. The remaining 1% came from a
licensing agreement related to its former subsidiary, Avila House.
James Hickman, CEO of Finseta
“This
has been a milestone year for our company,” said James Hickman, CEO of
Finseta. “We undertook several significant strategic initiatives while
continuing to deliver strong growth.”
The latest
data reveals that following a strong first half of the year, during which
Finseta increased its revenue by 42%, the second half of 2024 also maintained
positive momentum. During this period, revenue reached £5.1 million,
significantly exceeding the £3.6 million reported in H1 2023.
Cash and
cash equivalents strengthened to £2.6 million by year-end, resulting in a net
cash position of £0.6 million, up from £0.2 million at the end of 2023.
Operating cash flow reached £2.2 million, showing improvement from £2.0 million
in the previous year.
“Our agreement with Mastercard, establishing a
presence in Canada and adopting ‘Finseta’ as our new company name have
strengthened our business and our ability to deliver value,” Hickman added. “Accordingly,
we have entered 2025 with confidence and we look forward to reporting on
further progress.”
Finseta is
not the only LSE-listed company to report revenue growth this week. On Monday, Plus500 also released its financial results, revealing
revenues of approximately $768 million and an EBITDA of about $342 million for
2024.
Forex Company
Finseta plc
operates as a specialized foreign exchange and payments solutions provider,
focusing on high-value transactions for corporate clients and high-net-worth
individuals. Founded in 2010 and headquartered in London, the company leverages
its proprietary technology platform to facilitate cross-border payments in over
150 countries using 58 currencies.
The
company's core business revolves around providing multi-currency accounts and
payment solutions through a combination of technological infrastructure and
personalized service.
Unlike
competitors in the retail space, Finseta specifically targets the high-value,
compliance-intensive transaction segment. Their platform enables clients to
manage, maintain, and distribute funds from a single account, offering support
for major currencies including the USD, EUR, and GBP.
Foreign
exchange and payments solutions provider Finseta (LSE: FIN) reported strong
financial performance for 2024. Underlying revenue climbed 26% to £11.3
million as the company expanded its customer base.
Finseta Reports 26%
Revenue Growth in 2024, Driven by Customer Base Expansion
The
London-listed fintech firm saw its active customer count rise to 1,059 from 906
in the previous year, while adjusted EBITDA increased 18% to £2.0 million. The
company's gross margin improved to 65.5%, up from 63.4% in 2023.
Private
clients, primarily high-net-worth individuals, accounted for 59% of total
revenue, while corporate accounts contributed 40%. The remaining 1% came from a
licensing agreement related to its former subsidiary, Avila House.
James Hickman, CEO of Finseta
“This
has been a milestone year for our company,” said James Hickman, CEO of
Finseta. “We undertook several significant strategic initiatives while
continuing to deliver strong growth.”
The latest
data reveals that following a strong first half of the year, during which
Finseta increased its revenue by 42%, the second half of 2024 also maintained
positive momentum. During this period, revenue reached £5.1 million,
significantly exceeding the £3.6 million reported in H1 2023.
Cash and
cash equivalents strengthened to £2.6 million by year-end, resulting in a net
cash position of £0.6 million, up from £0.2 million at the end of 2023.
Operating cash flow reached £2.2 million, showing improvement from £2.0 million
in the previous year.
“Our agreement with Mastercard, establishing a
presence in Canada and adopting ‘Finseta’ as our new company name have
strengthened our business and our ability to deliver value,” Hickman added. “Accordingly,
we have entered 2025 with confidence and we look forward to reporting on
further progress.”
Finseta is
not the only LSE-listed company to report revenue growth this week. On Monday, Plus500 also released its financial results, revealing
revenues of approximately $768 million and an EBITDA of about $342 million for
2024.
Forex Company
Finseta plc
operates as a specialized foreign exchange and payments solutions provider,
focusing on high-value transactions for corporate clients and high-net-worth
individuals. Founded in 2010 and headquartered in London, the company leverages
its proprietary technology platform to facilitate cross-border payments in over
150 countries using 58 currencies.
The
company's core business revolves around providing multi-currency accounts and
payment solutions through a combination of technological infrastructure and
personalized service.
Unlike
competitors in the retail space, Finseta specifically targets the high-value,
compliance-intensive transaction segment. Their platform enables clients to
manage, maintain, and distribute funds from a single account, offering support
for major currencies including the USD, EUR, and GBP.
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.
eToro Launches Long-Term Thematic Portfolio Using Amundi ETFs for Retail Investors
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
