#VELA investee #FIN Finseta PLC – 2024 Full Year Trading Update January 15, 2025 – Posted in: Vela Technologies Plc (VELA)

Finseta plc (AIM: FIN), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, is pleased to provide an unaudited update on trading for the year ended 31 December 2024.   Highlights ·    Underlying revenue1 grew by c. 26% to £11.3m (2023: £8.9m) and reported revenue increased by c. 19% to £11.4m (2023: £9.6m) ·    Growth in active customers2 to 1,059 (2023: 906) ·    Gross margin…

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#VELA investee co. #FIN Finesta PLC – Completion of Sale of Capital Currencies June 5, 2024 – Posted in: Uncategorized

Further to the Company’s announcement of 20 September 2023, Finseta plc (AIM: FIN), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, is pleased to announce the completion of the sale of 100% of the share capital of Capital Currencies Ltd (“Capital Currencies”), following the receipt of regulatory approval from the Financial Conduct Authority. In accordance with the terms of the share purchase agreement, the…

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#VELA investee co. #CSFS Cornerstone FS – Final Results, Annual Report & AGM Notice May 8, 2024 – Posted in: Vela Technologies Plc (VELA)

Cornerstone FS plc (AIM: CSFS) (trading as Finseta), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, is pleased to announce its audited final results for the year ended 31 December 2023. In addition, the Company gives notices of its annual general meeting (“AGM”) and the publication of its annual report and accounts.   Financial Highlights ·    Revenue increased 100% to £9.6m (2022: £4.8m) ·   …

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#VELA investee co. #CSFS Cornerstone FS PLC – 2023 Full Year Trading Update January 10, 2024 – Posted in: Vela Technologies Plc (VELA)

Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, is pleased to provide an update on trading for the year ended 31 December 2023. The information contained herein has not been audited and may be subject to further review and amendment.   Highlights ·    Revenue growth of 100% to c. £9.6m (2022: £4.8m) ·    Gross margin improvement to c. 63%…

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#VELA Vela Technologies Plc investee co. #CSFS Cornerstone FS Plc – Trading Update – Ahead of Expectations January 11, 2023 – Posted in: Vela Technologies Plc (VELA)

Cornerstone FS Plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to provide the following unaudited update on trading for the year ended 31 December 2022.   As noted in the trading update announcement on 17 November 2022, the Group had experienced strong trading momentum through the year and expected total revenue for 2022 of £4.3m. The Group is pleased to report that this…

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