Mode Global Holdings PLC (LSE:MODE, FRA:MOC) (LSE:MODE, FRA:MOC) Ryan Moore joins Proactive London to explain their first half performance as the group moved to a gross profit margin of 19% and ended the period with a strong balance sheet including £5.7mln of cash.
The company was granted an Electronic Money Institution licence from the Financial Conduct Authority and was also recognised by the regulator as a Registered Cryptoasset Firm under Money Laundering Regulations.
The focus now is on revenue growth which as he explains 'will have a new avenue for us to go out and execute on'. He says they have successfully built a strong platform of regulated and innovative products to drive growth.