The company ended H1 2025 with 1,101 active customers.
Its private clients contributed 42 per cent of its total revenue, while the rest came from corporations.
Finseta (AIM: FIN), a provider of foreign exchange and payment solutions, expects a 16 per cent increase in its revenue for the first six months of 2025, which is forecast to reach £5.9 million.
Adding More Customers
According to the company, revenue for the first half of the year was supported by a rise in active customers, which increased to 1,101 from 952 in the same period last year.
The company also noted that both private and corporate client numbers grew in 2025. Private clients, who are mostly high-net-worth individuals, contributed 42 per cent of total revenue, while the rest came from corporations.
James Hickman, CEO of Finseta
A large number of Finseta’s customers are using its services for high-value purchases, such as overseas property. Some transactions were also delayed until H2 2025.
“While global economic conditions led to some customers delaying transactions, our strong customer growth means we are in a good position as markets stabilise in H2,” said James Hickman, CEO of Finseta.
In 2024, the company ended the year with £11.3 million in revenue, a 26 per cent rise and above market expectations.
Profitability Took a Hit as Future Growth Is the Goal
However, EBITDA is expected to be around £0.3 million, down from £0.8 million in H1 2024. The company’s gross margin also fell to about 62 per cent from 65.7 per cent.
The company said that its investment in strategic plans is behind the drop in margin and EBITDA. It expects these efforts to help increase sales and raise profitability in the medium term.
Meanwhile, Finseta has expanded beyond the UK and launched a corporate card scheme and operations in Canada and Dubai. Revenue from these markets has already started to come in and is expected to grow further in the second half of the year.
“We remain on track to achieve strong revenue growth for FY 2025 and are confident about what lies ahead,” Hickman added.
Finseta (AIM: FIN), a provider of foreign exchange and payment solutions, expects a 16 per cent increase in its revenue for the first six months of 2025, which is forecast to reach £5.9 million.
Adding More Customers
According to the company, revenue for the first half of the year was supported by a rise in active customers, which increased to 1,101 from 952 in the same period last year.
The company also noted that both private and corporate client numbers grew in 2025. Private clients, who are mostly high-net-worth individuals, contributed 42 per cent of total revenue, while the rest came from corporations.
James Hickman, CEO of Finseta
A large number of Finseta’s customers are using its services for high-value purchases, such as overseas property. Some transactions were also delayed until H2 2025.
“While global economic conditions led to some customers delaying transactions, our strong customer growth means we are in a good position as markets stabilise in H2,” said James Hickman, CEO of Finseta.
In 2024, the company ended the year with £11.3 million in revenue, a 26 per cent rise and above market expectations.
Profitability Took a Hit as Future Growth Is the Goal
However, EBITDA is expected to be around £0.3 million, down from £0.8 million in H1 2024. The company’s gross margin also fell to about 62 per cent from 65.7 per cent.
The company said that its investment in strategic plans is behind the drop in margin and EBITDA. It expects these efforts to help increase sales and raise profitability in the medium term.
Meanwhile, Finseta has expanded beyond the UK and launched a corporate card scheme and operations in Canada and Dubai. Revenue from these markets has already started to come in and is expected to grow further in the second half of the year.
“We remain on track to achieve strong revenue growth for FY 2025 and are confident about what lies ahead,” Hickman added.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
