Finablr plc

Detailed Description

Finablr PLC operates as a platform for B2B payments and foreign exchange solutions worldwide. It operates through three segments: Cross-Border Payments & Consumer Solutions, Consumer Foreign Exchange Solutions, and B2B & Payment Technology Solutions. The Cross-Border Payments & Consumer Solutions segment offers cross-border payments services through digital and physical channels. This segment also provides payroll processing, mobile wallet, bill payment, digital gifting, and consumer advance services. The Consumer Foreign Exchange Solutions segment purchases and sells foreign currency; issues prepaid travel cards; and provides VAT refund services through stores, ATMs, online portals, and mobile applications. The B2B & Payment Technology Solutions segment enables banks, financial institutions, mobile wallet operators, payments and technology companies, and others to offer cross-border payments, foreign exchange, stored value platforms, digital gifting, and acquiring services to their customers using its platforms. It offers services under the UAE Exchange, Travelex, Xpress Money, Unimoni, Remit2India, Ditto, and Swych brand names. The company was incorporated in 2018 and is headquartered in Abu Dhabi, the United Arab Emirates. Finablr PLC is a subsidiary of BRS Investment Holdings 1 Limited.

Product & Services

Payment TechnologyForeign ExchangeCross-Border Payments

Key People

B. R. Shetty(co-chairman) Michael Tomalin(co-chairman) Bhairav Trivedi(Group CEO) Joe Hurley(Group COO) Mehul Desai(Group CTO) Binay Shetty(Exec Director)

Financials

Revenue: $1,434.6 mil* (2018)

Operating income: $164.8 mil* (2018)

Net income: $-13.3 mil* (2018)