Leading global fintech group MultiBank has reported stellar financial results for the third quarter of 2023, marking its most profitable quarter yet.
In its earnings announcement today, MultiBank revealed revenues of US$112.3 million for Q3 2023, up 48% from the same period last year. Trading volumes also reached an all-time high of US$3 trillion for the quarter.
The strong Q3 performance contributed to another year of remarkable growth for MultiBank. In its full-year 2022 results, the company posted revenues of US$279.5 million, a 48% increase over 2021. Net income climbed 35% to US$180 million for the 2022 financial year.
Commenting on the results, MultiBank Founder and Chairman Naser Taher said "Our financial results broke new records once again this year, highlighting solid growth in line with our long-term strategy."
He credited the success to MultiBank's suite of cutting-edge fintech platforms like MultiBank.io, which blend traditional finance with blockchain, AI and machine learning.
Taher also noted the recent licensing of MultiBank’s European subsidiary MEX Europe by Cyprus’ CySEC financial regulator. This expansion reinforces the company's global regulatory compliance and further cements its leadership in digital finance.
The blockbuster Q3 and full-year 2022 results demonstrate MultiBank's continued momentum, scalable business model and visionary leadership in powering the future of finance through innovative technologies.
About MultiBank Group:
MultiBank Group was established in California, USA, in 2005. It boasts a daily trading volume of over US $12.1 billion and services an extensive client base of over 1,000,000 clients across 100 countries. Since its launch, MultiBank Group has evolved into one of the largest online financial derivatives providers worldwide, offering brokerage services and asset management. The Group offers its valued customers award-winning trading platforms, with up to 500:1 leverage on products including Shares, Commodities, Indices, Digital Assets, Metals, and Foreign Exchange.
