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Technology / Software

Mobile banking firm reports fifth year of growth

A mobile banking firm has grown for the fifth year in a row, with at least £70m revenue for the year.

Monitise confirmed the figures in a statement about its full-year results, due to be published in full on September 5.

The company claims it now has 23m customers, accounting for 2.4bn transactions in the last financial year.

Its £70m revenue builds on £36m revenue made during the 2012 financial year, and the firm said payments and transfers made through the bank are now worth $40bn (£26bn) annually.

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Monitise is now the preferred mobile payment company for Telefonica Digital, while it has signed a new three-year deal with Visa Europe to provide payments and commerce solutions for European fiinancial institutions.

CEO Alastair Lukies said: "This has been a hugely successful 12 months for Monitise. As well as the substantial revenue growth, numerous launches on a global basis, some very important new partnerships, the integration of three acquisitions and the raising of more than £100m, we have entered our new financial year with momentum at an all-time high."

CFO Brad Petzer added: "This has been another strong year of growth for the company with momentum across the business. Monitise has continued to focus on investing in our people, platforms, internal systems and infrastructure as we scale the business for the next phase of growth."

This article is from the CBROnline archive: some formatting and images may not be present.