02 June 2025 | Monday | News
Picture Courtesy | Public Domain
ISX Financial EU Plc ("ISXPlc"), an innovative provider of regulated transactional banking services and real-time payment technology in the UK and Europe, released the financial highlights of its 2024 Audited Annual Report, marking another record-breaking year of growth, profitability, and innovation.
Robust Growth
ISXPlc reported revenue of €58.7 million for the financial year 2024, reflecting an 81% year-on-year increase. This growth was driven by surging transaction volumes, strong client acquisition, and strategic investments. ISXPlc's software subsidiary, Probanx, contributed more than €2.5 million to the Group's total revenue.
Financial Strength
ISXPlc achieved an industry-leading EBITDA margin of 61%, representing a 30% improvement compared to the previous year. This margin expansion underscores the scalability of the company's model and the strength of its diversified client base.
Innovation Focus
In 2024, ISXPlc invested €2.8 million in Research & Development through its Probanx subsidiaries, accelerating product delivery and continuous platform enhancements. These investments support the company's ongoing commitment to pioneering secure, intelligent payments and regulatory technology solutions.
Trusted Partner
Client balances held under custody rose by 56% to €189 million, reflecting increased trust from ISXPlc's growing network of business customers. As a prudentially regulated institution, safeguarding client funds remains a cornerstone of ISXPlc's reputation and service delivery.
Fintech Business Asia, a business of FinTech Business Review
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