Equals Group Posts £11.7 Million Revenue in Q3 2021

Fazzaco learned that Equals Group plc, the technology-led international payments group focused on the SME marketplace, has published a trading update, generating revenue of £11.7 million for the third quarter of 2021 (Q3 2021).

The figure for Q3 rose by 33 percent when compared to Q2's revenue of £8.8 million. However, on a yearly basis, the revenue increase stood at 62 percent.

The company stated, "Revenue growth is broad based across all products augmented by the strong demand for the Group's 'Equals Solutions' proposition, the new multicurrency product aimed at larger businesses. This performance further underpins the Board's confidence in accelerating momentum and maintaining growth moving into the final quarter of the year."