Equals Sees 61% YoY Surge in Revenues for the First Eleven Months of 2022

Equals Group, a UK-based fintech payments company, has published its trading update for the eleven months ended 30 November 2022, revealing that its revenue growth remains robust despite unfavorable global macro-economic conditions.

The group's revenues for this period enjoyed a yearly increase of 61% to £63.5 million, compared to that of last same period at £39.5 million.

Revenue per day went up to £0.27 million per day from 230 working days compared to £0.17 million per day in 2021.

Ian Strafford-Taylor, Chief Executive Officer, said, "We are extremely pleased to see a 61% increase in our revenues in the 11 months ended 30 November with all segments performing strongly. Our revenue growth has continued in the face of difficult macro environments and this augurs well for 2023 and beyond. We continue to invest in people, products and technology to drive our growth strategy and look forward to updating the market in early January with our full year trading statement."

The Board of the company expects the full year results to be ahead of current market expectations.

In September, Fazzaco reported that Equals' revenue for the half year of 2022​ came in at £31.4 million, an increase of 86% compared to £16.9 million for the same period in 2021.