Get in touch
Get in touch

First Half Results For 2012

Cashfac’s revenues for the first half of 2012 increased 46% on last year with recurring revenue from long term contracts increasing 32%. Implementation revenues were up 55%. Profits were a record and cash more than doubled.

Cashfac is wholly funded by equity and retained earnings.

We helped two banks in the successful launch of their new virtual account services during this period and we launched the new high performing Series 4 of Cashfac Virtual Bank Technology®.

Paul Ormrod says “a good part of our success is our continuing enhancement program which has seen uninterrupted investment and a steady release of high quality product with new features for an increasingly complex and regulated market. We have been able to help our bank partners look after the customer base and bring in large scale deposit with attractive cash management product during the most difficult economic times”

You might also like

For Hassle-Free Client Money Bank Change, Contact Cashfac
News & Blog

For Hassle-Free Client Money Bank Change, Contact Cashfac

This blog explores the benefits and challenges of changing banks for client cash management, focusing on wealth managers, trusts, and non-bank financial intermediaries. It highlights

Read more

Private Equity is changing the landscape of UK PLC through innovation and investment in transformational leadership
News & Blog

Private Equity is changing the landscape of UK PLC through innovation and investment in transformational leadership

Cashfac is helping Private Equity firms investing in the Pensions, Property and Wealth Management sectors deliver value, fast.

Read more

Interest Rates: A Brave New World for Consumers and Corporates
News & Blog

Interest Rates: A Brave New World for Consumers and Corporates

Interest rates are the highest they been since the 2000’s. This brings challenges to borrowers but opportunities for those flush with cash – and the

Read more