Beforepay Group Limited (AU:B4P) has released an update.
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Beforepay Group Limited has announced its first-ever full-year profit before tax of $3.9 million and EBITDA of $8.5 million for FY24, marking a significant financial milestone for the company. The firm experienced a 66% growth in net transaction margin and a reduction in net defaults, reflecting strong credit performance. Additionally, Beforepay reported a surge in user growth with record active users and is preparing to launch a new loan product in FY25 following the acquisition of an Australian Credit Licence.
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