LM PAY Achieves Robust Growth Amid Expanding Customer Base

LM PAY, a prominent Polish FinTech company, reported significant growth for the financial year 2024. Revenue surged by 29% to PLN 22.7 million, with operating profit (EBIT) notably increasing over 35-fold to PLN 7.0 million. These results stem from a strategic partnership network and rising demand in Poland for healthcare and beauty services.

The company continued this momentum into Q1 2025, achieving a 22% rise in sales, though EBIT dipped by 4% due to costs associated with product and partner expansions. Despite this, LM PAY is optimistic for 2025, targeting loan volumes up to PLN 170 million and sales revenue up to PLN 42 million.

Strategic moves include new product lines and entry into the automotive insurance market to bolster competitive positioning and boost revenue. The company's focus on partnerships and market reach is pivotal to achieving its ambitious growth targets.