Bango revenues rise

Bango, the mobile payments company, says revenues for year ended 31 December was £2.6m compared to £1.3m for FY2015.

Bango is focused on increasing end user spend (EUS) through the Bango Payment Platform, to capitalise on the rapidly expanding global market for digital content and services.

The exit EUS at the end of 2016 was £195m/yr compared with £67m/yr at the end of 2015, a growth of 191% year-on-year. Total EUS for 2016 was £132m compared to £45m for 2015.

FY2016 EUS revenue was £2.4m, (FY2015 £0.84m), which is 1.8% of EUS. Revenue from platform fees was £0.2m (FY2015 £0.5m).

At 9:12am: (LON:BGO) Bango PLC share price was +5.5p at 83p