EQS-News

Fintech aifinyo AG with positive H1 2023: Transaction volume +31% to EUR 206.8 million

EQS-News: aifinyo AG / Key word(s): Half Year Results Fintech aifinyo AG with positive H1 2023: Transaction volume +31% to EUR 206.8 million 03.08.2023 / 07:55 CET/CEST The issuer is solely responsible for the content of this announcement. Fintech aifinyo AG with positive H1 2023: Transaction volume +31% to EUR 206.8 million

• First half-year: Gross profit EUR 6.9 million (+16%), EBIT EUR 1.1 million (+50%)
• Double-digit growth in billings and gross profit also in Q2
• Outlook remains positive

Berlin, 03 August 2023 – aifinyo AG continued its profitable growth in the second quarter of 2023. As a result, the B2B fintech has significantly increased its transaction volume*, gross profit** and profit in the entire first half of the current year. The outlook for the operational development in the second half of the year also remains positive.

In the first half of 2023, the operator of a cloud-based platform for invoice and liquidity management that is unique in Germany, including straightforward financing solutions, increased its transaction volume by 31% from EUR 157.90 million in the same period of the previous year to EUR 206.76 million. Gross profit, one of the company's most important key performance indicators, increased by 16.3% to EUR 6.91 million in the reporting period. Operating earnings before interest and taxes (EBIT) increased by 50.6% from EUR 0.70 million to EUR 1.06 million in the first half of 2023. Earnings before taxes (EBT) amounted to EUR 0.38 million, compared to EUR 0.32 million in the same period of the previous year.

"The past has shown that difficult macroeconomic times are a catalyst for innovative business models like ours. Traditional banks reduce their financing offers in such times and entrepreneurs look around for alternatives. aifinyo will benefit from this," says aifinyo CEO Stefan Kempf. "We continue to expand our eco-system around the management, financing and payment of invoices, which is unique in Germany, and are one of the very few profitable providers in the competition." In the first half of 2023, aifinyo pushed ahead with product development to consistently expand the ecosystem and further improve the integration of existing products.