Cornerstone FS Plc (GB:FIN) has released an update.
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Finseta plc reports substantial growth with a 40% rise in revenue for the first half of 2024, driven by an increase in active customers and a higher average transaction value. The company has successfully transitioned to serving only direct clients, resulting in improved gross margins. Strategic expansion moves include a partnership with Mastercard to launch a corporate card scheme and receiving regulatory approval to operate in Canada, positioning Finseta for sustained long-term growth.
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