Moneycorp

Full year 2021 and Q1 2022 Trading Update

UK headquartered payments fintech, posts strong growth at home and abroad

Strong results reflect Moneycorp's unique ability to deliver specialist, international currency payments

LONDON, May 24, 2022 /PRNewswire/ -- Moneycorp, one of the world's leading payments fintechs, today publishes its results for the full year 2021 and a trading update for the three months ended 31^st March 2022.

"We are delighted to announce a very strong set of 2021 results. The investments we have made to refocus the business as an international, digitally enabled payments provider, have resulted in significant growth and market share gains, with 84% of income now derived from B2B payments and banking services.

"We remain focused on our strategy to grow our position as a world-leading digital payments platform by capitalising on the strength of our technology, high-quality service, transparent pricing and cost-efficient operating model. Our purpose has always been to reduce friction for our clients, providing them with high quality, competitively priced products that help them navigate complex currency markets.

"The new financial year has started well, with Q1 results substantially ahead year-on-year across all business units. Whilst we remain alert to geopolitical and macro-economic conditions, the momentum we have demonstrated gives us confidence in the outlook for Moneycorp in 2022 and beyond."

Mark Horgan, Chief Executive

Group FY financial metrics*

	FY 2021		FY 2020		Change
	(£000's)	(US$000's)	(£000's)	(US$000's)	%
Gross Revenue	141,222	194,279	108,966	139,847	30%
EBITDA