Increased B2B revenue fuels ongoing growth in Europe, as reflected in equalized eye development
The UK-based B2B payments provider, Equals, has announced a significant growth in its revenues for the first half of 2023. According to the company's recent disclosures, Equals reported a 43% increase in revenues, totalling £45m. This growth has propelled the company's year-to-date revenues to £63.6m, marking a 39% increase from the same period in 2022.
The company's growth trajectory does not seem to be slowing down, as suggested by its trading results in Q3 2023. However, precise Q3 2023 trading data and growth figures for Equals are not publicly available in current financial reports or fintech industry summaries. It is possible that Equals has not recently published standalone quarterly financial disclosures or that the financial details may be proprietary, limited to private reporting or embedded within broader group results.
In a move to further support its clients and the industry, Equals offers a free account to access research and analysis on cross-border payments globally. This account does not specify the period of time the research and analysis covers but includes access to an industry-leading newsletter on cross-border payments.
It is worth noting that the UK fintech and B2B payments sector has seen significant activity and investments in 2023, particularly in the first half, with a focus on cost reduction and efficiency improvements in payments and “office of the CFO” functions. Additionally, industry-wide UK payment data show large volumes and values in transactions, with growing participation of smaller businesses and varied payment schemes such as FPS and Bacs influencing transaction patterns.
While other companies like Similarweb and Havas released financial performance reports in mid-2023 showing growth and operational data, these pertain to different sectors or regions and do not relate specifically to Equals. Therefore, for precise Q3 2023 trading data or growth figures for Equals, consulting the company’s own investor relations releases, regulatory filings, or direct communications would be necessary.
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