ISX Financial Reports Record Revenue Growth of 81% in 2024 Annual Report

ISX Financial Reports Record Revenue Growth

ISX Financial EU Plc, an innovative provider of regulated transactional banking services and real-time payment technology in the UK and Europe, has announced an extraordinary financial performance in its 2024 annual report. The company recorded remarkable revenue growth of 81% year-on-year, reaching €58.7 million. This impressive increase is attributed to higher transaction volumes, customer expansion, and strategic investments. Notably, ISX's software subsidiary, Probanx, contributed over €2.5 million to the group’s total revenue, showcasing the strength of its diverse offerings.

Financial Strength

The company demonstrated outstanding financial metrics, achieving an EBITDA margin of 61%, marking it as one of the highest in the industry and a 30% improvement compared to the previous year. This growth highlights the scalability of ISX’s business model and the robustness of its customer base, which has shown consistent trust and loyalty. Furthermore, customer deposits surged by 56%, reaching €189 million, exemplifying the increasing confidence from ISX’s expanding network of corporate clients.

Commitment to Innovation

In its ongoing commitment to innovation, ISX invested €2.8 million in research and development through Probanx during 2024. This investment has accelerated product delivery and continually improved their platform, reinforcing ISX's dedication to providing secure and intelligent payment and regulatory solutions. Significantly, in Q4 of 2024, ISX launched its SEPA Direct Debit notification service and made a strategic investment in an artificial intelligence company.

Community Engagement

ISX Financial has also made notable contributions to the community, particularly in Cyprus where a large portion of its team is based. In line with its corporate social responsibility efforts, the company continued its longstanding partnership with the Ronald McDonald House, providing financial support and encouraging employee volunteerism. Additionally, ISX successfully conducted a nationwide blood donation campaign and expanded its