Fintech
GSTechnologies Reports Strong Growth in Fintech Sector
GSTechnologies Ltd. Public CompanyGB:VAT) has released an update.
GSTechnologies Ltd, a fintech company, reported significant progress in its transition to a pure-play fintech group with a five-fold increase in revenue in the second half of FY24 compared to the first half. Key developments included the acquisitions of PAYPT Finance Ltd, a Canadian-licensed money services business, and Semnet Pte Ltd, a Singaporean cybersecurity company. The company also highlighted substantial post-period growth and expansion efforts in Europe with the planned acquisition of Bonfirepay in Spain.
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