2024 Financial Updates: Celebrating Growth and Success

Acupay is thrilled to share a snapshot of our financial performance for 2023.

Steady Growth and Resilience

Despite ongoing global challenges, we are glad to report that Acupay has demonstrated remarkable resilience and continued to achieve steady growth throughout 2023.

Key Highlights

• Revenue Growth:  Our total revenue increased by 15% compared to the previous year.  This growth was primarily driven by strong performance in our existing markets, in addition to our progress expanding into new markets.

• New Issuers Onboarded:  We welcomed two new issuers to our Italian tax certification and compliance services: Cassa Depositi e Prestiti S.p.A. (CDP) and Kedrion S.p.A.

• New Market Added: We began offering tax certification services in Trinidad and Tobago starting in March 2023 with the first payment of the Heritage Petroleum Company Ltd. 9.000% Notes due 2029.

• Profitability and Stability:  Our focus on sound financial management and operational efficiency has resulted in a healthy operating margin, ensuring the stability and sustainability of our business.

Looking Ahead

With a solid foundation and strategic initiatives to expand our market reach and diversify our revenue streams, the company is well-positioned to capitalize on growth opportunities and navigate market dynamics in the coming year.