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Monday 11 October 2021

Record Q3 puts Equals on target for a strong fiscal

EqualsFollowing its encouraging recent Q2 results (see: Pivot to B2B Equals success), cross-border banking and payments specialist, Equals, has published a bullish trading update. Commenting on the progress made in the three months to 30 September 2021, the SME focused fintech highlighting continued revenue growth and sales success off the back of a strong pipeline.

Equals enjoyed a record start to Q3 and has sustained that momentum throughout the period, generating revenue of £11.7m. The performance represents a 33% increase in run-rate over the prior quarter and a 62% uplift on the same time last year.

The update paints an especially positive picture with revenue growth spread nicely across all of the company’s product lines and strong demand for Equals’ new multicurrency product aimed at larger enterprises. As the group reaps the rewards for its recent strategic shift and investments in technology the signs appear good for the rest of the fiscal.

Posted by: Jon C Davies at 08:57

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