Company Interview / Change Financial's record revenue after strategic pivot

Tony Sheehan of Change Financial (ASX:CCA) highlights the company's strong performance in its March quarterly update, achieving a record revenue of US$3.9 million. Change Financial focuses on card management solutions with Vertexon and payments testing with PaySim, serving over 150 clients worldwide.

Tony mentions Change Financial's (ASX:CCA) strategic withdrawal from the US due to regulatory challenges post-Silicon Valley Bank collapse, saving US$1.6 million annually. Their primary growth focus is now on Australia and card issuing success in New Zealand. The company continues to enhance existing products rather than expand into new ones.

With a presence in 40 countries and partnerships with major players like Visa and Mastercard, Change Financial is well-positioned for growth. Though the US exit impacts minimally, Tony plans aggressive expansion in the Australian market and maintains strong ties in Southeast Asia.