Equals Group revenues up 52% in 2021

Anna Meehan
Anna Meehan 13 January 2022

We're pleased to announce a strong trading performance for the financial year ended 31 December 2021 with unaudited revenue of £44.1 million, an increase of 52% on 2020.

The strong performance represents the revenue potential of the Group's investments made in technology and product in 2019 and 2020.

The Group is also in a robust financial position with £13.2 million of cash being held in our banking accounts as of 31 December 2021.

You can read the full report here.

 

What's coming next? 

Equals Group has continued this strong trend in 2022 and expects to continue to manage costs effectively.

The Group will continue to invest between 20% and 25% of its headcount costs into further technology and product developments for 2022.

In addition, the Group will be increasing its sales and marketing activities to maximise B2B revenue growth from its payments platforms – Equals Money, targeted at SMEs, and Equals Solutions, targeted at larger corporates.

 

What does this mean for our customers? 

Simply put, this means you can continue to trust us to support you with your business finances. By us continuing to grow and increase our revenue, we can put more effort into releasing new and exciting features to make our products better for you and your business.

 

Get started