Bango: Delivers revenue growth ahead of expectations
Bango delivered revenue of $20.7M, up 31.5% on the previous year and ahead of expectations,
Paul Larbey, Chief Executive Officer of Bango, commented:
“Once again, Bango delivered revenue growth ahead of expectations. The transactional payments business continues to grow, as we added new telco routes and mobile wallets and our merchant customers delivered new products and services. Just as exciting is the accelerating adoption of the Bango platform licensing solution by tier 1 telcos and utility providers for all of their 3rd party bundling. In 2021 we have seen our platform licensed by market leaders including BT and Verizon and the pipeline of opportunities is impressive. The recurring revenue this business brings to Bango is incremental and is expected to accelerate our growth in the coming years.
2021 saw the range of customers using Bango Audiences diversify from predominantly mobile gaming app developers to financial trading, cryptocurrency and metaverse trading apps. Our investment in sales & marketing is growing awareness of Bango Audiences, as a powerful disruptor in the market, attracting this wider range of customers.
With three powerful growth engines in the business working synergistically, Bango is well positioned to continue taking market share and moving further towards our goal of becoming the technology behind every payment choice.”
The management at AIM-listed Bango (LON: BGO) talk through full year results in the video below: