Cornerstone FS focused on "growing the revenue and controlling the costs"
July 11, 2023 at 06:53 pm IST
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Cornerstone FS PLC (AIM:CSFS) CEO James Hickman speaks to Thomas Warner from Proactive after the foreign exchange and payments company released a trading update for the first half of this calendar year. Hickman gives his take on the highlights from the period, noting that that the company was adjusted EBITDA positive for the first time. He emphasises the importance of commercialising Cornerstone's tech platform and highlighted the investment in sales as a key driver of success, before going on to look at what investors can expect from the second half. He expresses his ambition to record a first profitable year and says he's fully focused on "growing the revenue and controlling the costs." He expects to release interim results on September 12th. Cornerstone says on its website that "everyone in the Cornerstone team is dedicated and passionate about our shared mission of making it easier to do business across borders."
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Cornerstone FS PLC, trading as Finseta, is a United Kingdom-based foreign exchange and payments company offering multi-currency accounts and payment solutions to businesses and individuals. The Company provides international payment, currency management and electronic account services using its cloud-based multi-currency payments platform. The Company combines a technology platform with a high level of personalized service to support clients with payments in over 150 countries in 58 currencies. It is focused on facilitating corporate customers and high-net-worth individuals with high-value, compliance-intensive transactions, including market niches, with a high-touch service and bespoke solutions offering. The Company is fully regulated by the Financial Conduct Authority as an Electronic Money Institution through its wholly owned subsidiary company, Finseta Payment Solutions Limited. Its subsidiaries include Cornerstone - Middle East FZCO, Finseta Payments Corp and Pangea FX Limited.
CORNERSTONE FS PLC 
