In 2021 the group saw receipts from customers increase 6.8% to EUR22.6 million, as Group focused on diversifying its revenue away from card acquiring, towards lower cost SEPA instant and batched interbank payments, in turn creating a multi-rail ecosystem centred on our flykk(R) service.
iSignthis Ltd (ASX:ISX) AGM-Managing Director & CFO Report
FRA:TA8) is a technology company with EEA and UK financial institution authorisations with inhouse developed flykk(R), ISXPay(R), Paydentity(TM)(patented), Probanx(R) CorePLUS(R) and CoreConnect platforms that allow us to deliver technology and financial services to our customers.
We employ more than 125 staff located across Melbourne, Sydney, Vilnius, Nicosia, London, Amsterdam and Tel-Aviv.
Approximately half of our staff are technical, with more than 43% of our employees being women.
ISX is a:
- RegTech that invents and develops software delivered as a service for exchanges, banks, credit unions, financial institutions and payment service providers.
iSignthis Ltd (ASX:ISX) Annual Report to Shareholders
Annual Report to ShareholdersMelbourne, Mar 9, 2021 AEST (ABN Newswire) - In 2020, with the build out of the Group s our own Tier 1 card scheme and central banking connections and infrastructure complete, the business has focused on the development of new products and services for our customers, as well as continuing to grow our Customer Base in our Re-Tech Solutions division. We also made a significant investment in NSX Limited ( NSX ), and are starting to see NSX make significant progress as it builds out its own technology stack.
Business Update
In 2020 the growth of the business was impacted by the ASX suspension, which caused the Company to lose several suppliers and customers, especially in Australia. Despite this, the Company has continued to grow revenue in 2020, up 21.6%. Pleasingly the Company saw strong revenue growth from transactional banking services as we continue to diversify our revenue streams.