Change Financial Ltd (AU:CCA) has released an update.
Change Financial Ltd reported a strong end to FY24, marked by record Q3 and Q4 revenues and a shift towards recurring PaaS services revenue, highlighted by 40,000 active cards on their Vertexon platform. The company secured a major client, Unity Credit Union, which is expected to further increase card volume and revenue. Anticipating over 30% revenue growth, Change Financial is aiming for an EBITDA positive FY25, riding on a 56% year-over-year quarterly revenue increase and robust cash flow.
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