Strands Doubles Annual Profits
Strands, the FinTech partner for banks, today announces its most successful year to date. Reporting a total figure of 28,095,000 USD in CY revenue and a 100% increase in annual profits, the software vendor for financial services saw record-breaking growth in 2015.
Strands also expanded its client base throughout the year with more Tier-1 and 2 customers in Latin America, Western Europe, the Middle East and Africa. Additionally, Strands extended its geographic reach having opened an office in the fintech hub of Singapore in order to better service the APAC market.
Remarking on these significant achievements, Strands CEO Erik Brieva said: “This year has been one of exceptional growth. I am incredibly proud of the hard work our team has put into ensuring our customers’ success. With all the momentum we have gained this year, we expect 2016 results to be even better.”
The company is also continuing to grow its international team, hiring data scientists and senior engineers to support a rapidly growing customer base.
Strands is the FinTech partner for banks. With the mission of delivering best-in-class digital money management software (PFM, BFM), Strands leverages more than 10 years of expertise in Big Data, Machine Learning and User Experience. Today, Strands powers FinTech innovation in over 180 banks and serves more than 100 million banking customers worldwide.
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