Financial entity Finseta is profiting from exchange of currencies

International payments market leader Finseta has gained recognition among the industry elites. Considering an investment?

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2025 September 3 . 12:35 PM

2 min read

Finseta's Profitable Exploits in the Currency Market

Financial entity Finseta is profiting from exchange of currencies

Finseta Expands Global Footprint in Cross-Border Payments

Finseta, a London-based company specialising in multi-currency accounts and payment solutions, has been making significant strides in the cross-border payment industry. Founded in 2010 and listed on Aim in 2021, the company has grown from strength to strength, serving over 1,400 businesses and high net-worth individuals (HNWIs) across 165 countries.

The company's growth strategy is multifaceted, encompassing organic revenue growth, strategic product expansion, and geographic licensing. In 2024, Finseta received authorisation to operate in Canada and signed a deal with Mastercard to launch a corporate card scheme. Fast forward to March 2025, Finseta launched its own card scheme and obtained a financial license in Dubai, marking its entry into the Middle Eastern market.

Finseta's diversified business model is not reliant on particular currency pairs or payment corridors. The company's payments are facilitated through counterparty relationships with limited use of its balance sheet, leading to low working capital intensity, high return on capital, and high cash conversion.

The company's low-risk business model is further bolstered by its avoidance of speculative currency trades and trading from its own balance sheet. Finseta has grown both organically and through bolt-on acquisitions, with notable acquisitions in 2022, including Capital Currencies and Pangea FX, and a subsequent name change to Finseta in April 2024.

Finseta offers accounts in at least 35 different currencies and provides four main advantages over traditional banks: one-to-one personalised service, reduced paperwork, speed (less than 24 hours turnaround time), and cost (up to 5% cheaper than high-street banks' offerings). The Finseta-Mastercard card is expected to be launched in the next few weeks, allowing the company to launch commercial cards co-branded with and supported by Mastercard for its corporate customers.

Finseta invests heavily in its regulatory and compliance capabilities, ensuring it meets the needs of its customers. International expansion began with the opening of a new Asia office in August 2021, followed by an office in the United Arab Emirates in September 2021. In 2022, the company declared its first pre-tax profit of £1.3 million and first positive cash flow, a testament to its financial stability and growth.

Despite a temporary dip in share price, Finseta continues to expect significant growth in the medium term. The company's highly scalable technology platform facilitates future growth and innovation, positioning Finseta as a key player in the competitive cross-border payment sector.