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An announcement from Change Financial Ltd ( (AU:CCA) ) is now available.
Change Financial Ltd reported a record revenue quarter with a 30% increase in Q3 FY25 revenue, driven by a 386% rise in active cards on its Vertexon PaaS platform. The company has substantially completed the wind down of its US operations, leading to improved operational efficiency and a focus on profitable revenue growth. With new client acquisitions and increased sales activity, Change Financial is confident in achieving its FY25 financial targets, including over 30% revenue growth and a positive EBITDA.
More about Change Financial Ltd
Change Financial Ltd operates in the financial technology industry, providing Payment as a Service (PaaS) solutions. The company focuses on delivering digital payment services, including digital wallets and wearables, through its Vertexon platform, and has a strong presence in New Zealand and Australia.
Technical Sentiment Signal: Sell
Current Market Cap: $21.92M
Find detailed analytics on CCA stock on TipRanks’ Stock Analysis page.