ASX payments company Cirralto ‘couldn’t be more proud’ of growth results

Special Report: Cirralto says it continued its strong growth in August, setting the software-as-a-service firm up for the rest of the year.

Cirralto (ASX:CRO) says it experienced a 10.8 per cent growth in customers in August, with merchant turnover up 50.8 per cent, compared to a month earlier.

The revenue growth means Cirralto will no longer qualify for JobKeeper payments, the company said.

Managing director Adrian Float said he “couldn’t be more proud of the team and Company’s performance. The team has worked at an elite level again and enabled the company to return another positive set of results, highlighting we are working on the right things that deliver value to our customers.”

Floate said the company has received more than 400 applications from people looking to join the team in a variety of sales and technical roles.

The company plans to start more than 10 new employees in its virtual workplace over the next four to six weeks.

“Our new staff additions will build upon the depth of talent and expertise within the Company which we believe makes us unique,” Floate said.

“Innovation is not common. It takes the right kind of person with a forward-thinking mindset to deliver excellence to our customers.

“It’s taken a lot of hard work for the company to get to where we are today. We will welcome the new starters and what they bring to the team during this exciting period of growth.”

Years of development groundwork

As previously reported, Cirralto is well-positioned to capitalise on its deep market knowledge in B2B payment services.

In August last year the company agreed to an integrated platform partnership with Sydney-based fintech Invigo, which provides a suite of services across B2B lending, data analytics and automated payments.

In October, Cirralto will complete the acquisition of Perth-based SaaS platform Appstablishment, which will give CRO ownership of a new Spenda technology suite which the company currently licenses – the point-of-sale processing app that has full integration with Xero (ASX:XRO), MYOB and QBO amounts it’s integration offerings.

This article was developed in collaboration with Cirralto, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.