Finseta Plc (AIM:FIN) shares traded around 15% lower, at 8.5p, after announcing a £0.86 million placing and subscription, with scope to add a further £0.1 million from a retail offer, as the payments group looks to expand transaction capacity and push ahead with regulatory permissions in Europe.
The AIM-listed company priced the fundraising at 8.5p a share.
Finseta said the cash will help it handle larger business-to-business payment volumes and support its European licensing application.
The company said that approval is expected to deliver incremental steady-state revenue of about £2.8 million a year by the end of the second year after approval.
In its trading commentary, Finseta said customer acquisition has continued to grow in the first part of 2026, with corporate clients making up a larger share of active customers than high-net-worth individuals.
It also pointed to a strong start to the year in Dubai, helped by regulatory approval secured in March 2025, though it flagged some paused property transactions linked to the conflict in the Middle East.