IntegraFin sees record inflows in first interim report since IPO

Fintech group IntegraFin saw revenues and profits improve across the first half of its trading year.

IntegraFin reported a 15% jump in revenue to £44.6m thanks to a 21% jump in gross inflows to £3bn in the first half of the year which helped push pre-tax profits ahead 8% to £18.7m.

The London-based firm saw "good levels" of client inflows onto Transact, its investment platform, despite market volatility in the second half of the period which affected growth in Funds Under Direction in the three months to 31 March; however, IntegraFin was able to end the interim period at £29.75bn - £1.8bn higher than it had a year earlier.

IntegraFin's operating expenses widened 20% to £25.7m and cost of sales doubled to £400,000 principally due to increased regulatory and professional fees in the months since its initial public offering back in February.

Earnings per share increased slightly to 4.4p from 4.2p.

Ian Taylor, chief executive of IntegraFin, said, "Following a successful IPO, we are pleased to announce a pleasing set of results for the first half of the year. Despite the backdrop of stock market volatility, Transact achieved its highest ever H1 inflows."

"Given our differentiated premium offering and the quality of the service we offer to advisers and their clients, we remain confident in our ability to sustain growth as we move into the second half of the year," he added.

As of 0920 BST, IntegraFin shares had ticked up 1.47% to 346p.