Cornerstone FS: Forex newcomer has ambitious growth plans – and a solution to a major banking headac

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PLC () said trading volumes have increased this year and the group has continued to expand its customer base.

The cloud-based provider of international payment, currency risk management and electronic account services to small and medium-sized businesses released its first set of results as a publicly listed company, which showed revenues rose to GBP1.66mln in 2020 from GBP1.24mln in the nine months to the end of 2019, representing slight growth on a pro-rata basis.

The fintech firm processed GBP462mln of transactions (2019: GBP336mln) in 2020 and added 328 new clients, compared to 181 additions the year before. The total number of clients increased to 732 from 530 at the end of 2019.

This year, 179 new customer accounts have been opened, increasing the group’s total number of customers to more than 810.

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