Vipera sees the future with mobile banking

Mobile banking is the main means of commerce in certain markets and Vipera may well make hay
Thursday 18 May 2017 Author: David Stevenson

Interest is building in mobile financial services specialist Vipera (VIP:AIM). Its shares have increased in price by 56% in just over a month to 6.25p.

Vipera secured its largest contract to date in April worth $2.4m. It generated €7.9m revenue in 2016 and a €1.5m pre-tax loss.

Mobile banking is popular in emerging markets which simply don’t have the infrastructure for retail banks.

FinnCap says Vipera has an €8m+ pipeline of work on top of the recent contract win.

‹ Previous2017-05-18Next ›

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team
Disclaimer

Advertising feature

Issue contents

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.