LM PAY Announces Robust Growth in 2024 Financial Results

LM PAY, a leading Polish FinTech company, reported significant growth in its audited 2024 financial results. Revenue rose by 29% to PLN 22.7 million, driven by an expanding network and increased demand for medical and aesthetic treatment financing. Operating profit surged from PLN 0.2 million to PLN 7.0 million, reflecting strong performance. The customer base grew by 16% to 38,500, with a slight increase in returning customers.

The positive trend continued into the first quarter of 2025, with a 22% rise in sales to PLN 7.2 million. Although EBIT decreased by 4%, the company considers it a temporary setback due to investment in product development and distribution partnerships. LM PAY remains optimistic for 2025, targeting higher loan volumes and revenue, supported by strategies to enhance partnerships and market presence in banking and insurance.

The company is also launching new products like Secure Pay and Medipay Mobile by VISA, along with ventures into the automotive insurance sector to bolster growth. An earnings call is scheduled for July 9 to discuss these developments further.