FinTechFunding

BetMakers: Records strongest quarter to date

BetMakers: Records strongest quarter to date

  • BetMakers (BET) records its strongest quarter to date following $8.9 million in cash receipts for the fourth quarter of FY21
  • This marks a just over 71 per cent increase on the previous quarter and a 272 per cent increase on this time last year
  • The revenue growth is from a significant increase in activity in the Australian market and from BetMaker implementing its international expansion plans
  • The company finished the period with more than $120 million in cash and no debt
  • CEO Todd Buckingham said the past quarter was a very “pleasing result for the company.”
  • The company was down 1.08 per cent to trade at 91.5 cents per share
Previous article
BARD1 Life Sciences: Raises $15m for cancer tests
Next article
Digital Wine Ventures: Increases revenue over Q4 FY21
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...
FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...