Talkremit Group Holdings Ltd

Active10548128Admin & support servicesIncorporated 5 Jan 2017 · London

The group's principal activity continues to be that of Fintech provider of digital remittance services, offering peer to peer international payments services between private individuals both online and via agents using the Group's in-house developed money transfer platform or mobile app.The primary focus of specialising in cross-border remittances is serving customers located in the UK, EEA, North Africa and North America who want to make fast and cost-efficient money transfers. The group was founded in 2016 and is regulated in the UK by the Financial Conduct Authority (FCA) as an authorised electronic money institution (EMI) and payments service provider (PSP), regulated in the EEA by the Swedish Financial Supervisory Authority (SFSA) and regulated in Canada by FINTRAC. The in-house developed platform is designed to help people all over the globe to send money to each other without excessive fees and utilising competitive exchange rates.

Revenue

£8.2m

▲ +45.4% vs prior ~12m period

Profit after tax

-£4.6m

Margin -57.2%

Employees

32

▲ +28.0% vs prior ~12m period

Net assets

-£20.4m

Total assets £12.8m

Financial history

Revenue by accounting period

3 periods available · ▲ growth ▼ decline

Dec 2022
£3.3m
Dec 2023
£5.6m▲ +69.7%
Dec 2024
£8.2m▲ +45.4%
Period endRevenueGrowthProfit before taxEmployeesNet assets
31 Dec 2024£8.2m▲ +45.4%-£4.7m32-£20.4m
31 Dec 2023£5.6m▲ +69.7%-£5.4m25-£15.8m
31 Dec 2022£3.3m—-£4.2m22-£10.5m

Latest available figures

Period ending 31 Dec 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

Profit & loss

Revenue
£8.2m
Gross profit
£3.8m
Operating profit
-£4.7m
Profit before tax
-£4.7m
Profit after tax
-£4.6m

Balance sheet

Total assets
£12.8m
Cash
£2.4m
Total liabilities
£33.2m
Net assets
-£20.4m
Revenue per employee
£256k

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