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Tag: Equals Group

Big Business! Payment Group Equals Announced Impressive H1 2022 Numbers!

Financial Data Ben -
The AIM-listed payment group Equals Group today announced its interim results for H1 2022 with impressive numbers. Compared to H1 2021, the revenue increased by 86% increase to £31.4 million with £6.3 million derived from the Solutions platform. Gross profit increased by 44% increased to £14.9 million and the Adjusted EBITDA exploded by 203% to £4.9 million. Trading in Q3-2022 has continued to be robust, despite global economic uncertainty and inflationary pressures, the company said.

An FCA warning & an update on Equals Group with its network of payment processors!

EMI Ben -
The UK FCA issued a warning against WorldWiseFX a few hours ago, stating that this company would act as a clone of the FCA-authorized CurrencyWave Ltd. Indeed, the websites of CurrencyWave and WorldWiseFX are almost entirely the same. Both claim to act as agents for FCA-regulated firms. However, CurrencyWave is a registered agent of Equals Connect Limited, an FCA-authorized payment processor of the Equals Group, along with 64 other agents. Here's an update on the Equals Group.

Introducing FCA-regulated BnkPro, FxPro and their partner FairFX

Brokerage Ben -
BNKPro Ltd, an e-money institution regulated by the FCA, is part of the FxPro Group. The company has an interesting history. Until October 2019, the company traded as Hermex International Limited with the trading name HermexFX (www.hermexfx.com) and was part of the FXPro Group. In August 2019, FCA-regulated FairFX Plc acquired the payments business of HermesFX. HermesFX became FairFX. The company was later renamed FXPro Invest Ltd before a new renaming to BNKPro Ltd in January 2021.

R4I – Let us know more about the high-risk payment processors CardOneMoney and FairFX!

High-risk payment processors tamir -
We have brought an update on the offshore activities of the CySEC-regulated IC Markets group. The broker onboarded clients from Europe through its offshore entity Raw Trading Ltd in Seychelles. Through these, European customers are accepted without proper KYC/AML and can make bank transfers to the FCA-regulated Spectrum Payment Services Limited d/b/a CardOneMoney. That's part of the listed fintech Equals Group PLC. We'd like to know more about it.

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