Airtel Money reports 25% revenue surge after IPO listing

Summarised from 2 outlets · Updated 26 Oct, 08:14 · Archive

African payments firm Airtel Money reported revenues of £621 million for the six months to September, up 25 per cent year-on-year.

Airtel Money, the African payments firm spun off from telecoms group Airtel Africa, reported half-year revenues of £621 million, representing 25 per cent growth compared with the previous year. The company attributed the increase to expansion across its wallet services, payments and transfers, and financial services offerings, alongside a growing customer base using its digital app.

The firm added 9 million customers during the period, reaching 56.7 million by the end of September. Pre-tax profits jumped 18 per cent to £270 million. Airtel Money listed on the London Stock Exchange earlier this month in what was the city's biggest IPO since 2021 and is thought to be the first large African fintech to list on a global stock exchange. The company operates through branches and kiosks across Africa, providing payment services, bill payments, cash withdrawals and other financial services.

How it is being reported

• Airtel Money sees sales jump by a quarter after gaining millions more customersThe payments firm reported revenues of 830 million US dollars (£621 million) for the six months to the end of September.Evening Standard · 26 Oct, 07:56
• Airtel Money sees sales jump by a quarter after gaining millions more customersThe payments firm reported revenues of 830 million US dollars (£621 million) for the six months to the end of September.Independent Business · 26 Oct, 07:56

In this story: Airtel Money · Airtel Africa · London Stock Exchange · Bharti Enterprises

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