#United Kingdom #Nicosia #ISX Financial #Probanx #E-Geld Institut

ISX Financial's Record-Breaking Success in 2024

ISX Financial EU Plc, known simply as ISXPlc, has made headlines with its financial report for the fiscal year 2024, showcasing an impressive 81% year-on-year revenue growth. Based in the UK and operating across Europe, ISXPlc specializes in regulated transactional banking services and real-time payment technology, vital components in today's fast-paced fintech environment.

Financial Highlights

The financial results reflect a significant achievement for ISXPlc. The company reported a total revenue of €58.7 million, propelled by a surge in transaction volumes, robust client acquisition, and strategic investments aimed at enhancing operational capabilities. The notable contribution from its software subsidiary, Probanx, which generated more than €2.5 million in revenue, emphasizes the importance of technology in driving growth.

Additionally, ISXPlc demonstrated remarkable operational efficiency with an EBITDA margin of 61%, marking a substantial 30% improvement compared to the previous year. This margin expansion highlights the scalability of its business model and the robustness of its diversified customer base, setting the company apart in a competitive landscape.

Commitment to Innovation

In 2024, ISXPlc allocated approximately €2.8 million towards research and development through its Probanx subsidiary. This investment underscores the company's dedication to enhancing its product offerings and continuously improving its platforms. The focus on innovation ensures that ISXPlc remains at the forefront of payment processing and regulatory technology, providing its clients with safe and sophisticated solutions.

The company's commitment is further exhibited by the growth in held customer funds, which soared by 56% to €189 million, reinforcing the trust that ISXPlc's business network has in its services. As a regulated institution, safeguarding customer deposits remains a cornerstone of ISXPlc's reputation and service delivery.

Product and Partnership Developments

The fourth quarter of 2024 brought exciting developments, with ISXPlc launching its SEPA direct debit service featuring notifications. The company also completed a strategic investment in an AI-focused firm, reinforcing its commitment to leveraging cutting-edge technology. Looking ahead, ISXPlc's product roadmap for 2025 includes several innovations and enhancements developed by its Probanx subsidiaries, promising to deliver even greater value to its clients.

Community Engagement

ISXPlc strongly believes in giving back to the community, with a significant portion of its team based in Cyprus. In 2024, the company continued its longstanding partnership with the Ronald McDonald House through both financial support and employee volunteer work. Additionally, it hosted a successful national blood donation campaign while also expanding its 'Dream Big' initiative, aimed at promoting sports participation among youth. The company has also supported Olympic fencer Alexander Tofalides and the Cyprus Rugby Federation during the reporting year.

Future Outlook for 2025

Despite the macroeconomic challenges expected at the start of 2025, ISXPlc anticipates achieving revenue between €60 to €65 million while maintaining profit margins between 30% and 40%. The company remains optimistic about executing its strategy focused on innovation, operational excellence, and disciplined growth, which has served it well in the past year.

For a detailed look at ISX Financial's Annual Report for 2024, you can view it here.

ISX Financial EU Plc prides itself on being a leading e-money institution and transactional banking provider in the UK and EU, offering secure real-time payment solutions via bank and card channels. Through its wholly-owned subsidiary, Probanx, ISXPlc delivers state-of-the-art Software-as-a-Service (SaaS) solutions for banks and financial institutions worldwide, effectively linking banks with central banks.

To learn more about ISX Financial, please visit www.isx.financial.