June Felix, Chief Executive Officer, commented: This year's record results show how we have achieved consistent, strong financial performance while we continue our journey to become a more diversified, innovative, global fintech. Our forward-looking strategy has positioned us well to capitalise on a significantly larger total addressable market and to take advantage of the ongoing…
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Between April and June, pre-tax income came in at $392 million, with the adjusted figure at $453 million. These numbers were down from the figures of the second quarter the previous year – $451 million and $437 million, respectively. Pre-tax profit margin fell to 60%, compared to Q2 2021 when it was 72%. The adjusted…
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Holst added: Adapting our offering to 24/7 FX trading has been relatively simple as we are already open all hours for crypto trading and are used to providing high levels of service at weekends. I think most of the demand for this will be from payment providers. If people are using credit cards at the…
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Peter Hetherington, Group CEO, said: Over the past couple of years, Capital.com has been on a spectacular growth trajectory. Today, our focus is on ensuring a greater and bolder presence across mature, regulated markets such as the UK and western Europe. This is in line with our goal to expand our global footprint in step…
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Additionally, the company also revealed its plans for consolidation of ACY Securities, the financial services arm, and Zerologix, the sister technology arm of the ACY Group to form ACYLogix Pty Ltd, a new holding company. Jimmy Ye, Chief Executive Officer at ACY Securities said: Once the consolidation has been successfully executed, PWC will then formally…
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Nicky Maan, Spectrum Markets CEO, commented: We are very pleased to announce our strongest quarter to date. Spectrum is still growing in volume as we continue to introduce new innovations, all against a backdrop of a wider downturn in trading triggered by economic uncertainty. During the second quarter, the firm reported that 40.2% of individual…
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TTB Partners initially approached Playtech with a possible acquisition offer on behalf of an investor group in February. Although no official bid was made, the final deadline for an official offer was set to 15 July. The tech giant had previously rejected a £2.7 billion takeover offer by Australian gambling equipment maker Aristocrat Leisure. Meanwhile,…
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Plus500’s CEO, David Zruia, commented: Plus500 continued to outperform in the first half of 2022, supported by positive momentum achieved in recent years and by the power of our market-leading proprietary technology. The Group continued to deliver outstanding levels of returns to shareholders during the period, through both recent $60.0m dividend payments and our most…
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Teresa Teague, Director at Gopher, commented: Gopher is delighted to have completed the acquisition of Finalto. We have been impressed by the strength of Finalto’s business and management team and look forward to working closely with the team to accelerate Finalto’s ambition to become the global partner of choice in the financial trading sector. Meanwhile,…
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Yoni Assia, eToro Co-Founder and CEO, said: In the current market environment, we believe that it is in the best interests of eToro to terminate the merger agreement and continue, for now, to operate as a private company. I would like to thank Betsy Cohen and the entire FinTech V team for their hard work,…
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