(Boursier.com) — VAZIVA, pioneer in the dematerialization of social grants, today publishes its 2023 annual turnover. In 2023, Vaziva achieved an annual turnover of 25.6 ME, a sharp increase of 79% compared to 2022. Privileged partner of the Social and Economic Committees (CSE), the fintech continued the deployment of its 360 degree offer combining technological innovation and a solid partnership with Mastercard to a growing number of companies wishing to tailor-made solutions in line with the new expectations of their employees.
Spearheading this growth, holiday grants generate a turnover of 13 ME, up 85% compared to 2022. Social grants show a level of activity of 12.6 ME (+72 %).
The development of marketing and commercial actions including the increase in staff numbers and the evolution of offers have enabled Vaziva to pass the milestone of 500 client companies, an increase of 25% compared to 2022. Fintech also recorded growth continues in the number of card holders, increasing from 165,000 in 2022 to 200,000 at the end of 2023, a significant increase of 21.2%. In line with its strategy, Vaziva has also considerably increased its share of Large Account customers which now reaches 43% of its turnover compared to 25% in 2022.
Outlook
Building on the very good direction of activity observed for several years, Vaziva displays its full confidence in the new financial year.
In order to expand coverage of the French market, Vaziva will intensify sales and marketing efforts by recruiting salespeople to anchor the offer throughout the territory and ultimately become a leading partner for French companies in the provision of social grants. dematerialized and personalized, adapted to the specific needs of the French market.
At the same time, Vaziva is considering a change of compartment on Euronext Growth accompanied by fundraising to finance commercial development in France and Europe.
Vaziva thus intends to put its expertise at the service of companies and employees in a growing number of countries with the long-term objective of becoming a key player in the dematerialization of social grants in Europe.
©2024 Boursier.com