INTERVIEW: Vipera Plc Half year results – Another year of positive progress

Vipera Plc (LON:VIP) CFO Martin Perrin talks to DirectorsTalk about the release of its half year results. Martin talks us through the highlights, explains what the acquistion of SofTelecom means for the company, how the proceeds from the €2.5m funding will be utilised and shares his thoughts on the rest of the year.

Period Highlights:

· Revenue €4.35 million: up 15% vs prior year (H1 2016: €3.78 million)

· Operating loss €0.56 million (H1 2016: €0.40 million), reflecting investment spend to accelerate path to profitability

· Major contract won with major existing customer in Middle East

· Signed initial contracts with two financial institutions – in North America and United Kingdom generated through new Mastercard partnership

Post-Period Highlights:

· Acquisition of SoftTelecom in Spain and establishment of Iberia presence

· €2.5 million subscription at premium to market price to finance acquisition and raise expansion capital

· Dubai office opened

· Completion of Codd & Date reorganisation

Vipera Plc CEO Marco Casartelli commented, “2017 has, so far, been another year of positive progress for Vipera, which has seen further growth in business with both existing and new customers, including wins in new geographies and in addition, the first two contracts with financial institutions generated through our partnership with Mastercard. We also completed the acquisition of SoftTelecom in Spain as part of our expansion strategy, which has provided us with an established presence in Iberia and additional technical resources. We are encouraged by the appetite for our solutions by the financial services and banking industry through a period of market uncertainty. We continue to strive to achieve the targets which we have set ourselves and look forward to progressing our growth further throughout the rest of this year.

“We would like to take this opportunity to thank our continually supportive investor base and our employees for their hard work in the year to date.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Vipera Plc

    More articles like this

    Vipera Plc

    Open Banking and the Evolution of Digital Payments

    Open Banking is shaking up the financial services sector and opening up new avenues and opportunities for both banks and payment service providers (PSPs). The open API ecosystems that are emerging are helping players in the

    Vipera Plc

    Why open banking is the only way for ANZ

    In May 2018, the Australian government instructed the country’s major banks to begin a phased implementation of open banking, beginning with making credit and debit card, deposit and transaction account data available from July 2019. The

    Vipera Plc

    Australia’s CommBank sees surge in mobile payments

    New data from Commonwealth Bank in Australia reveals customers are increasingly reaching for their smartphones instead of their wallets at the checkout, with user growth up 35 % in the past six months, according to a

    Vipera Plc

    Why PSD2 will elevate customer experience and payment security

    PSD2 will bring structure and planning to such investments by instilling a universally accepted standard minimum level of controls that all businesses in fintech must adhere to. The importance of global standards for fintech is founded in creating

    Vipera Plc

    How PSD2 and Open Banking will shape the future of payments

    Jeremy Thomson-Cook, Chief Economist & Head of Currency Strategy: I have spent a lot of time at FinTech conferences over the last few years contemplating the impact of PayTech, RegTech, LendTech – and everything in between –

    Vipera Plc

    Mobile payments driving retail e-commerce sales worldwide

    In 2017, retail e-commerce sales worldwide reached $2.304 trillion, a 24.8% increase over the previous year. Mobile payments were a key factor, as m-commerce sales totalled $1.357 trillion, making up 58.9% of digital sales, a large

    Vipera Plc

    Open banking to change financial services in Malaysia: IDC

    IDC hosted its annual Financial Innovation Summit at the Intercontinental Hotel Kuala Lumpur, exploring the strategies to drive sustainable transformation in banking and insurance. The event explored emergent practices in platform-building, value-creation and collaboration. IDC believes

    Vipera Plc

    Don’t worry about PSD2, your APIs are open anyway

    PSD2, the European regulations for Open Banking, is designed to allow a more open and competitive Financial Services sector across the EU. There are pages and pages of information on managing the market, allowing companies large

    Vipera Plc

    Don’t worry about PSD2, your APIs are open anyway

    PSD2, the European regulations for Open Banking, is designed to allow a open and competitive Financial Services sector across the EU. There are many pages of information on managing the market, allowing companies large and small

    Vipera Plc

    Mobile banking is changing how we pay

    More people than ever are using their mobile phones to shop, yet ING research shows that when it comes to paying, they aren’t quite ready to give up on their banks yet. Despite having more providers