Equals Group completes material payments transaction for large corporate client
Equals Group plc (LON:EQLS), a technology-led international payments group focused on the SME marketplace, today announces it has completed a material international payments transaction for a large corporate client that will contribute circa £1.5 million to Group revenues in the current financial year.
Equals notes that the transaction is one-off in nature but sees it as evidence of the ability of the Group to attract large corporate clients through its state-of-the-art platforms. That, coupled with highly professional service levels, translates into increased credibility for the Group’s ability to act as a financial counterpart in major transactions.
Equals has worked on the transaction for several months. It undertook extensive and extended levels of due diligence, with the support of external legal advice, and the transaction was cleared by the Group’s partner bank prior to completion.
Ian Strafford-Taylor, Chief Executive Officer, commented:
“I am exceptionally proud that, following significant investment, the Equals Group has the infrastructure, capability and knowhow to undertake a transaction of this size and complexity. It represents the largest single transaction ever completed by the Group and is a clear demonstration of our credibility among large corporates, the quality of our service proposition, and the level of commitment of our people.”