Beforepay Group Limited (AU:B4P) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.
For further insights into AU:B4P stock, check out TipRanks’ Stock Analysis page.