Equals Group Posts £8.0 Million Revenue in Q1 2021

Equals Group plc, the technology-led international payments group focused on the SME marketplace, has announced its final results for the year ended 31 December 2020 (FY 2020) and an update on the Group's trading in FY 2021.

According to the official announcement, the annual revenue of the company for 2020 dropped slightly to £29 million. This figure for the previous year was £30.9 million. The company's B2B revenue stood at £20.3 million in FY 2020, compared to the previous year's £18.5 million.

Equals reported strong numbers in Q1 2021 as the overall revenue reached £8 million. 

Commenting on the latest financial results, Ian Strafford-Taylor, CEO of Equals Group plc, said: "Despite a number of external headwinds, the operational and financial progress made this year as we focused our business towards B2B is something I am incredibly proud of, and highlights the quality of the Equals Group."

Earlier this month, Fazzaco reported that Equals has joined the Confirmation of Payee ('CoP') scheme operated for UK payments. Additionally, last month, the company announced its partnership with Tap Global Limited​, a Gibraltar registered company, to provide crypto currency exchange services to both its B2B and B2C customer bases.