Raize goes from profit to loss of 90.6 thousand euros in 2023 – Markets

Raize goes from profit to loss of 90.6 thousand euros in 2023 – Markets
Raize goes from profit to loss of 90.6 thousand euros in 2023 – Markets
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Last year, the company processed 254,823 payments, down from 244,308 in 2022.

Raize had a loss of approximately 90.6 thousand euros in 2023, which compares to a profit of 21.2 thousand euros, recorded in the previous year, this Wednesday was communicated to the market.

According to information sent to the Securities Market Commission (CMVM), in 2023, results before depreciation, amortization and taxes were negative at 47,320.58 euros, whereas in 2022 they had been 95,923.88 euros.

In the period under analysis, the banking product of ‘fintech’ (financial services technology company) stood at 1,207,770 euros, below the 1,274,225 euros in 2022. “Raize’s main costs are in personnel, technologies and systems , marketing, advertising, insurance intermediation, servicing and recovery and administrative costs. In terms of total costs, there was an increase of 6% compared to 2022”, he detailed.

Last year, the company processed 254,823 payments, down from 244,308 in 2022.

The total number of registered users increased by 5,776.

In 2023, the company had 15 workers, one more than in the same period last year.

The article is in Portuguese

Tags: Raize profit loss thousand euros Markets

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