Berlin, 13.11.2023 Fast Finance Pay Corp (Nasdaq OTC: FFPP), Fintech company and majority shareholder of Fast Finance 24 Holding AG, publishes convincing figures for Q3 2023, confirming Fast Finance Pay Corp’s growth course.
- Revenue for the nine months ended September 30, 2023 was USD 2.7 million, an increase of 280% compared to USD 720 thousand for the same period in 2022.
- With a remarkable jump from USD 185 thousand to USD 1.3 million, gross profit recorded a strong increase 600% year-on-year.
- Net profit for the nine months ended September 30, 2023 was USD 254 thousand (+261%) compared to USD 70 thousand in the previous year.
- Net inflows developed impressively, increasing from USD 76 thousand in 2022 to a remarkable USD 706 thousand in 2023, representing an exceptional growth of 830%.
Sören Jensen, Chairman of Fast Finance 24 Holding AG, comments: “We are proud of the US team’s performance in the third quarter and their ability to focus on revenue growth and operations. This outstanding performance by Fast Finance Pay Corp. demonstrates the company’s ability to operate successfully in a competitive market environment.
With an average increase of +445% in the aforementioned financial metrics, Fast Finance Pay Corp. underlines its emerging role in the fintech sector and I believe we are well positioned for 2024 as we focus on operational efficiency, working capital management and cash flow generation, which will enable us to continue to deliver strong revenue and profitability performance.”
The full report can be found here:
Fast Finance 24 Holding AG, Uhlandstr. 165, 10719 Berlin, T. +49 (0)30 – 7262 1234-4, F. +49 (0)30 – 7262 1234-1, e-mail: [email protected], www.fastfinance24.com/de/
Fast Finance 24 Holding AG is a listed investment company with a focus on European Internet companies with a global orientation. Target segments are finance, marketing, communication and IT. Fast Finance 24 Holding AG is constantly on the lookout for additions to its existing portfolio, be it through new investments or through the development of new business areas, which are then operated by its own subsidiaries. The FF24 share is listed on the Regulated Unofficial Market of the Frankfurt Stock Exchange under ISIN DE000A1PG508 and is traded on the following stock exchanges: Frankfurt, Xetra, Berlin, Munich, Tradegate.