BRIEF

on Aifinyo AG (isin : DE000A2G8XP9)

Aifinyo AG: success in 2023 and optimistic outlook

B2B fintech aifinyo AG announced promising preliminary results for 2023, marking significant growth despite a challenging economic environment. With an 8% increase in transaction volume reaching 407 million euros, and gross profit increased by 5% to 14.6 million euros, the company demonstrates the robustness of its business model.

In 2023, subscription-based sales of accounting and liquidity management tools saw an impressive increase of 30%, totaling €2 million. Despite a slightly lower turnover at 51.1 million euros compared to 53.6 million euros the previous year, aifinyo recorded an EBIT close to the 2022 record at 1.9 million euros.

The past year was that of operational transition, notably due to the integration of the Billomat subsidiary and the development of the aifinyo ecosystem, enriched with an AI chatbot based on ChatGPT technology. aifinyo CEO Stefan Kempf was optimistic about the company's ability to generate double-digit growth in the future, highlighting the still untapped market potential.

The finalization of the integration of Billomat and the launch of its new application mark an important step towards completing the offering of financing and bill payment services in 2023. With these developments and the expansion of the aifinyo ecosystem , the company is positioned advantageously for the future.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Aifinyo AG news