Regulatory News

Growth across the platform drives record revenues

Equals (AIM:EQLS), the fintech payments group focused on the SME marketplace, is pleased to announce a trading update for the three months to 30 September 2021 (“Q3-2021” or the “Period”).

The record start to Q3-2021 that the Company reported at the time of its Interim Results announcement issued on 14 September 2021 has been sustained throughout the remainder of the Period, generating revenues of £11.7m.

This marks a continued acceleration in Group trading and represents a 33% run-rate increase on the prior quarter (Q2-2021: £8.8m); a 62% increase on the prior year comparative period (Q3-2020 £7.2m); and a 47% increase on the pre-Covid comparative period (Q3-2019. £8.0m).

Revenue growth is broad based across all products augmented by the strong demand for the Group’s ‘Equals Solutions’ proposition, the new multicurrency product aimed at larger businesses. This performance further underpins the Board’s confidence in accelerating momentum and maintaining growth moving into the final quarter of the year. 

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Notes to Editors: 

Equals Group is a technology-led international payments group augmented by a highly personalised service for the payment needs of SMEs whether these be FX, card payments or via Faster Payments. Founded in 2007, the Group listed on AIM in 2014 and currently employs around 250 staff across sites in London and Chester.  For more information, please visit www.equalsplc.com.