Tagged: financial results

Equifax Reports Solid Second Quarter in Challenging Mortgage Market

Equifax (NYSE: EFX) recently announced financial results for the quarter ended June 30, 2023. Second quarter 2023 revenue of $1.318 billion “was flat and up 1% in constant currency against a mortgage market estimated to be down 37%.” Other key details shared by Equifax include:… Read More

UK’s LendInvest, the Platform for Mortgages, Releases Latest Audited Results

LendInvest plc (AIM: LINV); which claims to be the UK’s leading platform for mortgages, is pleased to announce its audited results “for the year ended 31 March 2023.” Rod Lockhart, Chief Executive of LendInvest, commented: “I am pleased with the progress we have made over… Read More

Global Fintech Wise Shares Trading Update, Company Reports Solid Start to the Year with Steady Business Growth

Global Fintech Wise plc (LSE:WISE) has shared its latest Q1 FY24 trading update, noting that the firm is now off to a good start to the year “with continued strong customer growth.” As noted in a release, Wise reports the following key results: 33% YoY… Read More

Digital Financial Services: Remitly Global Reports Increase in Active Customers, Send Volume Rises

Remitly Global, Inc. (NASDAQ: RELY), a digital financial services provider for immigrants and their families in over 170 countries around the world, reported results for the first quarter ended March 31, 2023. Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly, said: “We are pleased to… Read More

Global Business Payments Fintech FLEETCOR Technologies Reports Latest Financial Results

FLEETCOR Technologies, Inc. (NYSE: FLT), a global business payments company,  reported financial results “for its first quarter ended March 31, 2023.” Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc., said: “We reported a very good first quarter, with fundamental trends driving reported and… Read More

Coinbase Reports Net Quarterly Loss of $79M, but Revenue Grew 22% QoQ

Coinbase (NASDAQ:COIN) notes that it’s time to update the system. They also pointed out that the majority of financial systems were built over 100 years ago. According to the firm, the rules are “outdated, the technology has been slow to catch up, and all over… Read More

Insurtech Lemonade Releases Q1 2023 Financial Results

Lemonade, Inc. (NYSE: LMND) has released its first quarter 2023 financial results. The Q1 2023 financial results were shared by Lemonade in the Letter to Shareholders and can be accessed via the company’s investor relations section. As covered, Lemonade reportedly “offers renters, homeowners, car, pet,… Read More

UK Fintech Allica Bank Reports Steady Progress in 2022

Allica Bank claims it is one of the “fastest” UK Fintechs to hit profitability – “becoming monthly profitable in June 2022, less than three years after securing a banking license – and achieving a £3m pre-tax profit in the second half of the year.” Allica… Read More

LendingClub Reports Q1 2023 Results: Total Assets Grew 10%, Deposits Up 13% Since Dec ’22

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, recently announced financial results for the first quarter ended March 31, 2023. Scott Sanborn, LendingClub CEO, said: “We delivered a solid quarter driven by our strategic advantages, including over 15 years… Read More

European Fintech Inpay Posts Solid Results, Announces UK Expansion Plans

Inpay’s Annual Report for 2022, released at the company’s AGM in Copenhagen, Denmark, announced solid results “for the international payments firm and outlined plans for significant future growth within their UK office (London) and internationally across Asia, the Middle East and Europe.” As noted in… Read More

Netcapital Releases Q3 Fiscal 2023 Financial Results Including YTD Revenue Growth of 48%

Netcapital Inc. (Nasdaq: NCPL, NCPLW), a digital private capital markets ecosystem, recently  announced financial results for the third quarter and first nine months of fiscal year 2023 ended January 31, 2023. Martin Kay, CEO of Netcapital Inc., said: “Over the past nine months, Netcapital has… Read More

Fintech Trumid, a Fixed Income Electronic Trading Platform, Reports Steady Progress

Trumid, a Fintech that operates a fixed-income electronic trading platform, has recently announced “record” trade volume, market share, and user participation for the month of February. February Highlights shared by Trumid as follows: Reported average daily volume (ADV) more than doubled year-over-year to a record… Read More

Virtual Bank Grasshopper’s Growth Continues with Digital Banking Capabilities, Expansion of Fintech Partnerships

Grasshopper, the “client-first” digital bank built for the business and innovation economy, recently announced steady growth and solid momentum for the year ending 2022. The bank has reportedly “expanded its management team, relaunched last March with a new vision, and has built strong lines of… Read More

Funding Circle Reports FY22 Results, Remains Focused on Global Business Strategy

Funding Circle (LSE:FCH) has published its Preliminary Results for the year ended 31 December 2022. Funding Circle reports Group total income (guidance) of £140m – £155m; £148.7m for FY 2022; and £206.9m for FY 2021. And Adjusted EBITDA (guidance) of Positive Adjusted EBITDA; £6.8m for… Read More

Malaysia: Banking Platform Maybank Reports Substantial Net Profit for FY2022

Maybank, Southeast Asia’s fourth largest bank by assets, reported “a net profit of RM8.23 billion for the financial year ended 31 December 2022 (FY22).” Profit before tax (PBT) meanwhile, “was 11.6% higher at RM12.15 billion from RM10.89 billion a year earlier.” The better results were… Read More

Insurtech Lemonade Reports 64% Top Line Growth for Q4 2022

Lemonade, Inc. (NYSE: LMND) has released its fourth quarter and full year 2022 financial results. Lemonade recently shared its Q4 2022 financial results in the Letter to Shareholders on the company’s official investor relations website. On Thursday, February 23, 2023, Lemonade reportedly hosted to discuss… Read More

Block Beats on Top Line, Misses on Bottom, Shares Rise

Block, Inc. (NYSE: SQ) has posted its results for the fourth quarter and full year of 2022. The Fintech reports that total net revenue was $4.65 billion in the fourth quarter of 2022, up 14% year over year. Excluding Bitcoin revenue, revenue in the fourth… Read More

Digital Financial Services Firm Nu Holdings Ltd. Reports Fourth Quarter and Full Year 2022 Financial Results

Nu Holdings Ltd. (NYSE: NU), one of the world’s largest digital financial services platforms, released its Fourth Quarter & Full Year 2022 financial results. Financial results are “expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” The full earnings… Read More

Bitcoin Trading Volume Increases 80% at DBS Digital Exchange in 2022, Client Base Doubles

DBS reported an 80% year-on-year growth in the number of Bitcoin (BTC) traded on the DBS Digital Exchange (DDEx) in 2022, and “a doubling in the number of BTC custodised with the bank’s digital asset custody solution.” The firm claims these business metrics “underscore the… Read More

Fintech Firm Adyen Release H2 2022 Financial Results

Adyen (AMS: ADYEN) posts “strong” results and sustained profitable growth “driven by its global customer portfolio and motivated team executing on the company’s long-term ambitions.” Summary H2 2022 Processed volume “was €421.7 billion, up 41% year-on-year.” Of these volumes, point-of-sale volumes “were €67.6 billion, up… Read More

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