Ebury, the global financial technology company, reported that transactions increased around a third (32 per cent) to £25.5bn in the year to 30 April 2023.
The company, which provides cross-border payment services and FX risk management to nearly 20,000 businesses and other institutions, saw revenue increase 85 per cent to £204m in its latest results.
The financial performance drove EBITDA growth of 173 per cent to £16m from negative £22m in 2022, reflecting a positive change of £38m. The main reason for this positive shift is the operational leverage in the cost base, coupled with substantial revenue growth.
