RCS - Finseta PLC - Launch of Finseta Corporate Card

FinsetaAnnouncement

03/03/2025 07:15

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RNS Number : 0534Z  Finseta PLC  03 March 2025

3 March 2025

 

Finseta plc

("Finseta", the "Company" or the "Group")

 

Launch of Finseta Corporate Card

Provides new revenue stream and expansion of addressable market

 

Finseta plc (AIM: FIN), a foreign exchange and payments solutions company
offering multi-currency accounts to businesses and individuals through its
proprietary technology platform, is pleased to announce the commercial
availability of the Finseta Corporate Card, a payment card scheme for
corporate customers.

 

The Finseta Corporate Card offering will provide the Group with an additional,
repeatable revenue stream from business customers and will expand its
addressable target market. The Group will receive a proportion of the value of
each customer card transaction and initial revenues are expected from
corporate cards from H1 2025. Finseta anticipates that the corporate card
scheme, which carries a higher gross margin than its existing service
offering, will begin to contribute to operating profits from 2026.

 

The Finseta Corporate Card is co-branded and supported by Mastercard and is
available to businesses as virtual or physical cards, has multi-currency
capability and can be used in over 210 countries. The Group will market the
new offering initially to its existing customer base with this additional
service providing corporate customers with greater choice and flexibility in
managing their ongoing business expenses. Finseta will also target new
corporate customers where the primary potential service provision is a
corporate card scheme.

 

James Hickman, CEO of Finseta, said: "We are delighted that the Finseta
Corporate Card is now available. The introduction of a corporate card scheme
is a key element of our strategy to diversify our product offering and expand
our payment rails. As a customer-first business, we aim to remove all barriers
to expenditure - enabling customers to make payments wherever, whenever and
however they want.

 

"With the Finseta Corporate Card, customers can easily, instantly and securely
make payments globally. This additional offering enhances the service that we
can provide to our existing customers and expands our target market to
corporates where the primary requirement is a corporate card scheme. This is
an exciting moment for Finseta and we look forward to reporting on further
progress."

 

Enquiries

 

 Finseta                                                                                 +44 (0)203 971 4865
 plc

 James Hickman, Chief Executive Officer

 Judy Happe, Chief Financial Officer

 Shore Capital (Nominated Adviser and Broker)                                            +44 (0)207 408 4090

 Daniel Bush, Tom Knibbs (Corporate Advisory)

 Guy Wiehahn (Corporate Broking)

 Gracechurch Group (Financial PR)                                                        +44 (0)204 582 3500

 Harry Chathli, Claire Norbury, Henry Gamble

 

 

 

 

About Finseta plc

 

Finseta plc (AIM: FIN) is a foreign exchange and payments company offering
multi-currency accounts and payment solutions to businesses and individuals.
Headquartered in the City of London, Finseta combines a proprietary technology
platform with a high level of personalised service to support clients with
payments in over 165 countries in 140 currencies. With a track record of over
12 years, Finseta has the expertise, experience and expanding global partner
network to be able to execute complex cross-border payments. It is fully
regulated, through its wholly-owned subsidiaries, by the Financial Conduct
Authority as an Electronic Money Institution and by the Financial Transactions
and Reports Analysis Centre of Canada as a Money Services Business.
www.finseta.com
(https://url.avanan.click/v2/r02/___http:/www.finseta.com___.YXAxZTpzaG9yZWNhcDphOm86N2I5MDY5YmJkMTk4NGU2NzAzODBkY2NmYWNiMzQxZDk6Nzo4ODAxOjQ4NjkxMDA1NzE3ZWY5MmIyYzI1YWVkYTE1Y2Y4N2ZkYzA5MTI1OWJjYmZiMTBhOWY4MTIxNTAzOGQ2ZjVhNjc6cDpUOk4)

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