An announcement from Cornerstone FS Plc ( (GB:FIN) ) is now available.
Finseta plc has received a Category 3D licence from the Dubai Financial Services Authority, allowing it to provide payment services in the UAE. This milestone aligns with the company’s strategy to expand its geographic footprint and regulatory capabilities. The licence will enable Finseta to significantly expand its activities in Dubai, leveraging its existing partner network and establishing a new office in the Dubai International Financial Centre. The company plans to make key hires to support business development and expects the expanded UAE operations to contribute positively to profitability from 2026. Despite higher operating expenses due to investments in the UAE and Canadian markets, these efforts are anticipated to drive significant sales growth and profitability in the medium term.
More about Cornerstone FS Plc
Finseta plc is a foreign exchange and payments company offering multi-currency accounts and payment solutions to businesses and individuals. Headquartered in London, it operates a proprietary technology platform to facilitate payments in over 165 countries and 140 currencies. With over 12 years of experience, Finseta is regulated by various financial authorities, including the Financial Conduct Authority in the UK and the Dubai Financial Services Authority.
YTD Price Performance: 2.61%
Average Trading Volume: 221,325
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £20.33M
Learn more about FIN stock on TipRanks’ Stock Analysis page.