Fintel has recorded a 13% increase in its core revenue to £31.2m for the six months ended 30 June 2024, according to its latest trading update posted today (17 September).
The fintech posted profit before tax of £3.4m and its core adjusted EBITDA increased by 5% to £9.3m. The Huddersfield-based firm completed four acquisitions in the 2023 financial year, with a further three completed during the first half of 2024, delivering combined core revenues of £4.8m in the period. Fintel's gross cash was £7.4m following deployment of £6.4m into acquisitions and ongoing investment into product development of £2.5m in the period. Its operating costs of an "exceptional nature" were £2m, up from £1.5m in 2023. Included within this were mergers and acquisitions (M...
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