YONDR FY23 Half-Year Update - Celebrating Strong Results and Focused Growth

For the first half of 2023, Yondr is thrilled to announce outstanding growth and significant milestones achieved. Through a dedicated team effort and a commitment to innovation, Yondr has witnessed impressive increases in customers, transaction volume, and transaction value, solidifying our position as an emerging fintech in the industry.‍

CEO Update

Yondr CEO Shane Chanel said:
"I am delighted to share with you the exceptional results that Yondr has achieved in the first half of 2023. I am proud of the team's unwavering commitment and dedication, which have propelled us to new heights in our journey towards sustainable growth. 

Amidst a dynamic business landscape characterised by rising interest rates and high inflation, our strong results demostrates the increasing relevance of our products and services to our customers. We understand the challenges they face and strive to provide innovative solutions that address their evolving needs.

Yondr continues to focus on growth and scaling. We are leveraging AI to enhance personalisation and the customer experience and continue to roll out our banking as a service solution for retailers, fintech, and banks alike. These initiatives will help us achieve our goal of becoming a leading provider of financial technology solutions.

I am confident that Yondr is well-positioned for continued success in the years to come. We have a strong team, a clear vision, and a commitment to innovation. I am excited to see what we can accomplish together."

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First half of 2023 Highlights

A Phenomenal 59.76% Customer Growth:

• We are proud to report a staggering 59.76% half-on-half increase in our customer base. This remarkable growth reflects the market's recognition of our exceptional products/services and their growing demand among consumers.

70.12% Surge in Transaction Volume:

• Our platform experienced a substantial 70.12% half-on-half increase in transaction volume. This upswing showcases the trust and confidence our customers place in our services, resulting in heightened engagement and increased usage.

Transaction Value Increase of 54.14%:

• We have witnessed a significant 54.41% half-on-half increase in transaction value, a testament to the financial impact we are making in the lives of our customers. Our commitment to providing high-value solutions continues to drive our success.

Significant Growth in FX Transactions:

• We witnessed a remarkable surge in foreign transactions. FX transaction volumes increased by 60%, while transaction amounts soared by an impressive 142%. This growth underscores our ability to deliver seamless cross-border transactions globally.

Strategic Partnerships:

• We are thrilled to have forged over 20 partnerships with companies such as Tiger Brokers, Chemist Warehouse and Qatar Airways during this half. These collaborations enable us to provide additional value to our customers as we prepare to roll out exciting retail offerings soon.

Yondr operations continue to be extremely lean maximising efficiency during these challenging markets. While celebrating our achievements, we acknowledge the ongoing challenges that motivate us to strive for continuous improvement.

Yondr remains committed to the following:

Strengthening Partnership:

• We are dedicated to bringing even more value to our customers and investors through strategic partnerships and distribution networks.

Enhancing Customer Success:

• Our relentless focus on customer success drives us to optimise our support systems, providing prompt and effective assistance whenever needed.

Advancing Product Intelligence:

• We are investing in cutting-edge product enhancements to provide our customers with easy access to financial intelligence and insights, empowering them to make informed decisions.

"We are incredibly proud of the exceptional growth achieved in the first half of 2023," said Shane Chanel. "This success is a testament to the hard work and dedication of our team, who consistently go above and beyond to deliver innovative solutions that meet the evolving needs of our customers."

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Appreciation for Our Team, Partners and Investors:

None of our accomplishments would have been possible without the exceptional efforts of our talented team, the support of our partners, and the trust placed in us by our investors.

We want to express our sincere gratitude to NIUM, Visa, Microsoft, Stone & Chalk, Incode, and Fintech Australia for their ongoing support, collaboration, and guidance. Their expertise, resources, and shared commitment to innovation have been invaluable in our journey towards success.

As we celebrate these strong results, it is crucial to acknowledge the challenges that lie ahead. We remain vigilant and committed to delivering even greater value to our customers, refining our products and services, and strengthening our position as a leader in the industry.

Looking forward, we will continue to invest in research and development, fostering strategic partnerships and harnessing technological advancements to deliver cutting-edge solutions. We are committed to driving positive change, empowering individuals and businesses to thrive in an ever-evolving financial landscape.

Once again, we extend our heartfelt appreciation to our exceptional team, partners, and investors for their continued support and hard work. Together, we will navigate the challenges, seize opportunities, and shape a brighter future for Yondr and our valued customers.

For more information, please contact:

Andrew Ly - Head of Marketing & Growth, Yondr Money

Email: Andrew.ly@yondr.money

About Yondr

Yondr's mission is to help people achieve more by providing them with an intelligent financial management platform. Using cutting-edge technology, Yondr is transforming the way people think about and manage their finances, empowering them to make smarter decisions and achieve their financial goals.

https://www.yondr.money/

Things you should know

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