A global FinTech group behind trading platforms generated outstanding EBITDA in 2021.
Revenue for the year at Plus500 was approximately £529 million while EBITDA was £285m thanks to a ‘lean and flexible cost base’.
The group’s base of active customers remained well ahead of pre-pandemic levels, at approximately 406,000, with almost 200,000 new customers joining during the year.
It made several organic investment and bolt-on acquisitions during 2021 – including the US acquisitions of Cunningham Commodities, a regulated futures commission merchant, and Cunningham Trading Systems, a technology trading platform provider – to support the diversification of its revenue streams, product range and geographic footprint.
It plans to continue this growth strategy.
Plus500, which is based in Israel, also launched an organically-developed share dealing platform, ‘Plus500 Invest’, which will be rolled out on more platforms and in additional target markets in the upcoming months.
“We are pleased to have delivered another strong year of financial performance, as well as making significant progress with our strategic and operational plans to strengthen our position as a leading global multi-asset FinTech group,” said CEO David Zruia.
“With the group having further strengthened its positioning during 2021, the board remains confident about the future for Plus500 and continues to expect that the group will deliver sustainable growth over the medium- to long-term.”