Fintech PR
JCET Q2 2024 Net Profit Attributable to the Parent Increased by 258% Quarter-on-Quarter, Hitting a Record High for Revenue

Q2 2024 Financial Highlights:
- Revenue was RMB 8.64 billion, an increase of 36.9% year-on-year and 26.3% quarter-on-quarter. A record high Q2 in the company’s history.
- Generated RMB 1.65 billion cash from operations. With net capex investments of RMB 0.93 billion, free cash flow for the quarter was RMB 0.72 billion.
- Net profit attributable to owners of the parent was RMB 0.48 billion, an increase of 25.5% year-on-year and 258.0% quarter-on-quarter.
- Earnings per share was RMB 0.27, as compared to RMB 0.22 in Q2 2023.
1H 2024 Financial Highlights:
- Revenue was RMB 15.49 billion, an increase of 27.2% year-on-year.
- Generated RMB 3.03 billion cash from operations. With net capex investments of RMB 1.87 billion, free cash flow for the first half of 2024 was RMB 1.16 billion.
- Net profit attributable to owners of the parent was RMB 0.62 billion, an increase of 25.0% year-on-year.
- Earnings per share was RMB 0.35, as compared to RMB 0.28 in 1H 2023.
SHANGHAI, Aug. 23, 2024 /PRNewswire/ — Today, JCET Group (SSE: 600584), a leading global provider of integrated circuit (IC) back-end manufacturing and technology services, announced its financial results for the first half year of 2024. The financial report shows that in the first half of 2024, JCET achieved revenue of RMB 15.49 billion, and net profit attributable to owners of the parent of RMB 0.62 billion, both increased over 25%. In Q2 2024 JCET achieved revenue of RMB 8.64 billion, an increase of 36.9% year-on-year, a record high Q2 in the company’s history, and net profit attributable to owners of the parent of RMB 0.48 billion, an increase of 25.5% year-on-year and 258.0% quarter-on-quarter, generating RMB 1.65 billion cash from operations.
During the reporting period, the company’s capacity utilization has significantly increased, with enlarged investment to expand production capacity of core production lines. In the first half of the year, the revenue of communications, computing, and consumer electronics businesses increased respectively by 48%, 23%, and 33% year-on-year. The company is consistently strengthening the research and development in advanced packaging technologies, with R&D investment of RMB 0.82 billion in 1H 2024, a year-on-year increase of 22.4%.
JCET is also actively promoting strategic projects to enhance its smart manufacturing. After two years construction, the new advanced packaging factory “JCET Microelectronics Wafer-level Microsystems Integration High-end Manufacturing Base” with an area of over 130,000 square meters is progressing with equipment mobilization. The new automotive chip back-end manufacturing base has completed building the factory structure. The acquisition of a high-density memory chip packaging factory has obtained necessary approvals, and the project is progressing towards completion.
Mr. Li Zheng, CEO of JCET, said, “JCET actively promotes innovative applications of advanced packaging technologies and continues to expand its production capacity in China, Singapore and South Korea, with steady growth in performance in the first half of 2024. The company will continue to increase investment in R&D and strategic projects, strengthen innovation cooperation in the industrial chain and sustainable development, and create higher value for shareholders, customers, employees and society.”
For more information, please refer to the JCET 1H FY2024 Report.
About JCET Group
JCET Group is the world’s leading integrated-circuit manufacturing and technology services provider, offering a full range of turnkey services that include semiconductor package integration design and characterization, R&D, wafer probe, wafer bumping, package assembly, final test and drop shipment to vendors around the world.
Our comprehensive portfolio covers a wide spectrum of semiconductor applications such as mobile, communication, compute, consumer, automotive, and industrial, through advanced wafer-level packaging, 2.5D/3D, System-in-Package, and reliable flip chip and wire bonding technologies. JCET Group has two R&D centers in China and Korea, eight manufacturing locations in China, Korea, and Singapore, and sales centers around the world, providing close technology collaboration and efficient supply-chain manufacturing to our global customers.
CONSOLIDATED BALANCE SHEET (Unaudited) |
RMB in millions |
||||||||
Jun 30, 2024 |
Dec 31, 2023 |
||||||||
ASSETS |
|||||||||
Current assets |
|||||||||
Currency funds |
10,621 |
7,325 |
|||||||
Trading financial assets |
1,605 |
2,306 |
|||||||
Derivative financial assets |
0 |
4 |
|||||||
Accounts receivable |
4,066 |
4,185 |
|||||||
Receivables financing |
71 |
38 |
|||||||
Prepayments |
132 |
104 |
|||||||
Other receivables |
115 |
87 |
|||||||
Inventories |
3,408 |
3,195 |
|||||||
Other current assets |
393 |
375 |
|||||||
Total current assets |
20,411 |
17,619 |
|||||||
Non-current assets |
|||||||||
Long-term receivables |
31 |
33 |
|||||||
Long-term equity investments |
666 |
695 |
|||||||
Other equity investments |
434 |
447 |
|||||||
Investment properties |
84 |
86 |
|||||||
Fixed assets |
18,408 |
18,744 |
|||||||
Construction in progress |
2,039 |
1,053 |
|||||||
Right-of-use assets |
519 |
563 |
|||||||
Intangible assets |
659 |
662 |
|||||||
Goodwill |
2,262 |
2,248 |
|||||||
Long-term prepaid expenses |
13 |
17 |
|||||||
Deferred tax assets |
377 |
364 |
|||||||
Other non-current assets |
66 |
48 |
|||||||
Total non-current assets |
25,558 |
24,960 |
|||||||
Total assets |
45,969 |
42,579 |
|||||||
LIABILITIES AND EQUITY |
Jun 30, 2024 |
Dec 31, 2023 |
|||||||
Current liabilities |
|||||||||
Short-term borrowings |
467 |
1,696 |
|||||||
Derivative financial liabilities |
2 |
0 |
|||||||
Notes payable |
300 |
223 |
|||||||
Accounts payable |
5,773 |
4,782 |
|||||||
Contract liabilities |
260 |
185 |
|||||||
Employee benefits payable |
732 |
781 |
|||||||
Taxes and surcharges payable |
116 |
167 |
|||||||
Other payables |
368 |
354 |
|||||||
Current portion of long-term liabilities |
1,806 |
1,491 |
|||||||
Other current liabilities |
2 |
3 |
|||||||
Total current liabilities |
9,826 |
9,682 |
|||||||
Non-current liabilities |
|||||||||
Long-term borrowings |
7,749 |
5,777 |
|||||||
Lease liabilities |
480 |
530 |
|||||||
Long-term payables |
3 |
0 |
|||||||
Long-term employee benefits payable |
14 |
14 |
|||||||
Deferred income |
438 |
384 |
|||||||
Other non-current liabilities |
38 |
41 |
|||||||
Total non-current liabilities |
8,722 |
6,746 |
|||||||
Total liabilities |
18,548 |
16,428 |
|||||||
Equity |
|||||||||
Paid-in capital |
1,789 |
1,789 |
|||||||
Capital reserves |
15,228 |
15,237 |
|||||||
Accumulated other comprehensive income |
591 |
543 |
|||||||
Specialized reserves |
1 |
0 |
|||||||
Surplus reserves |
257 |
257 |
|||||||
Unappropriated profit |
8,680 |
8,239 |
|||||||
Total equity attributable to owners of the parent |
26,546 |
26,065 |
|||||||
Minority shareholders |
875 |
86 |
|||||||
Total equity |
27,421 |
26,151 |
|||||||
Total liabilities and equity |
45,969 |
42,579 |
|||||||
CONSOLIDATED INCOME STATEMENT (Unaudited) |
RMB in millions, except share data |
||||||||
Three months ended |
Six months ended |
||||||||
Jun 30, 2024 |
Jun 30, 2023 |
Jun 30, 2024 |
Jun 30, 2023 |
||||||
Revenue |
8,645 |
6,313 |
15,487 |
12,173 |
|||||
Less: Cost of sales |
7,410 |
5,359 |
13,417 |
10,525 |
|||||
Taxes and surcharges |
22 |
27 |
35 |
47 |
|||||
Selling expenses |
64 |
51 |
118 |
100 |
|||||
Administrative expenses |
209 |
175 |
433 |
347 |
|||||
Research and development expenses |
438 |
360 |
819 |
669 |
|||||
Finance expenses |
(19) |
(7) |
(11) |
51 |
|||||
Including: Interest expenses |
99 |
68 |
192 |
131 |
|||||
Interest income |
80 |
27 |
141 |
35 |
|||||
Add: Other income |
47 |
40 |
86 |
73 |
|||||
Investment income / (loss) |
(4) |
(24) |
(14) |
(21) |
|||||
Including: Income / (loss) from investments in associates and joint ventures |
(12) |
(10) |
(29) |
(21) |
|||||
Gain / (loss) on changes in fair value of financial assets/liabilities |
0 |
37 |
(5) |
46 |
|||||
Credit impairment (loss is expressed by “-“) |
(14) |
(6) |
(7) |
(1) |
|||||
Asset impairment (loss is expressed by “-“) |
(20) |
(5) |
(38) |
0 |
|||||
Gain / (loss) on disposal of assets |
2 |
13 |
5 |
16 |
|||||
Operating profit / (loss) |
532 |
403 |
703 |
547 |
|||||
Add: Non-operating income |
0 |
2 |
1 |
3 |
|||||
Less: Non-operating expenses |
2 |
0 |
2 |
4 |
|||||
Profit / (loss) before income taxes |
530 |
405 |
702 |
546 |
|||||
Less: Income tax expenses |
47 |
19 |
85 |
50 |
|||||
Net profit / (loss) |
483 |
386 |
617 |
496 |
|||||
Classified by continuity of operations |
|||||||||
Profit / (loss) from continuing operations |
483 |
386 |
617 |
496 |
|||||
Classified by ownership |
|||||||||
Net profit / (loss) attributable to owners of the parent |
484 |
386 |
619 |
496 |
|||||
Net profit / (loss) attributable to minority shareholders |
(1) |
0 |
(2) |
0 |
|||||
Add: Unappropriated profit at beginning of period |
8,374 |
7,264 |
8,239 |
7,154 |
|||||
Less: Cash dividends declared |
178 |
358 |
178 |
358 |
|||||
Unappropriated profit at end of period (attributable to owners of the parent) |
8,680 |
7,292 |
8,680 |
7,292 |
|||||
Other comprehensive income, net of tax |
36 |
481 |
48 |
350 |
|||||
Comprehensive income attributable to owners of the parent |
36 |
481 |
48 |
350 |
|||||
Comprehensive income not be reclassified to profit or loss |
(8) |
6 |
(13) |
17 |
|||||
Remeasurement gains or losses of a defined benefit plan |
0 |
0 |
0 |
1 |
|||||
Change in the fair value of other equity investments |
(8) |
6 |
(13) |
16 |
|||||
Comprehensive income to be reclassified to profit or loss |
44 |
475 |
61 |
333 |
|||||
Exchange differences of foreign currency financial statements |
44 |
475 |
61 |
333 |
|||||
Total comprehensive income |
519 |
867 |
665 |
846 |
|||||
Including: |
|||||||||
Total comprehensive income attributable to owners of the parent |
520 |
867 |
667 |
846 |
|||||
Total comprehensive income attributable to minority shareholders |
(1) |
0 |
(2) |
0 |
|||||
Earnings per share |
|||||||||
Basic earnings per share |
0.27 |
0.22 |
0.35 |
0.28 |
|||||
Diluted earnings per share |
0.27 |
0.22 |
0.35 |
0.28 |
|||||
CONSOLIDATED CASH FLOW STATEMENT (Unaudited) |
RMB in millions |
||||||||
Three months ended |
Six months ended |
||||||||
Jun 30, 2024 |
Jun 30, 2023 |
Jun 30, 2024 |
Jun 30, 2023 |
||||||
CASH FLOWS FROM OPERATING ACTIVITIES |
|||||||||
Cash receipts from the sale of goods and the rendering of services |
8,784 |
6,178 |
16,590 |
13,162 |
|||||
Receipts of taxes and surcharges refunds |
81 |
122 |
198 |
216 |
|||||
Other cash receipts relating to operating activities |
181 |
110 |
283 |
163 |
|||||
Total cash inflows from operating activities |
9,046 |
6,410 |
17,071 |
13,541 |
|||||
Cash payments for goods and services |
6,078 |
4,069 |
11,254 |
8,454 |
|||||
Cash payments to and on behalf of employees |
1,056 |
878 |
2,248 |
2,072 |
|||||
Payments of all types of taxes and surcharges |
197 |
254 |
289 |
466 |
|||||
Other cash payments relating to operating activities |
61 |
22 |
253 |
128 |
|||||
Total cash outflows from operating activities |
7,392 |
5,223 |
14,044 |
11,120 |
|||||
Net cash flows from operating activities |
1,654 |
1,187 |
3,027 |
2,421 |
|||||
CASH FLOWS FROM INVESTING ACTIVITIES |
|||||||||
Cash receipts from returns of investments |
4,800 |
4,350 |
9,050 |
8,280 |
|||||
Cash receipts from investment income |
2 |
38 |
15 |
52 |
|||||
Net cash receipts from disposal of fixed assets, intangible assets and other long-term assets |
2 |
7 |
5 |
32 |
|||||
Total cash inflows from investing activities |
4,804 |
4,395 |
9,070 |
8,364 |
|||||
Cash payments to acquire fixed assets, intangible assets and other long-term assets |
937 |
749 |
1,870 |
1,588 |
|||||
Cash payments for investments |
4,650 |
3,200 |
8,350 |
5,980 |
|||||
Total cash outflows from investing activities |
5,587 |
3,949 |
10,220 |
7,568 |
|||||
Net cash flows from investing activities |
(783) |
446 |
(1,150) |
796 |
|||||
CASH FLOWS FROM FINANCING ACTIVITIES |
|||||||||
Cash proceeds from investments by others |
6 |
230 |
776 |
230 |
|||||
Including: Cash receipts from capital contributions from minority shareholders of subsidiaries |
0 |
86 |
765 |
86 |
|||||
Cash receipts from borrowings |
728 |
1,317 |
3,007 |
1,664 |
|||||
Total cash inflows from financing activities |
734 |
1,547 |
3,783 |
1,894 |
|||||
Cash repayments for debts |
657 |
755 |
1,963 |
1,740 |
|||||
Cash payments for distribution of dividends or profit and interest expenses |
272 |
414 |
352 |
467 |
|||||
Other cash payments relating to financing activities |
34 |
16 |
53 |
48 |
|||||
Total cash outflows from financing activities |
963 |
1,185 |
2,368 |
2,255 |
|||||
Net cash flows from financing activities |
(229) |
362 |
1,415 |
(361) |
|||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS |
2 |
45 |
4 |
37 |
|||||
NET INCREASE IN CASH AND CASH EQUIVALENTS |
644 |
2,040 |
3,296 |
2,893 |
|||||
Add: Cash and cash equivalents at beginning of period |
9,977 |
3,306 |
7,325 |
2,453 |
|||||
CASH AND CASH EQUIVALENTS AT END OF PERIOD |
10,621 |
5,346 |
10,621 |
5,346 |
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Fintech PR
Banking at the Bottom of the World: Diebold Nixdorf ATMs Now Serving Antarctica

With the addition of ATMs in McMurdo Station, Diebold Nixdorf now boasts a presence on all seven continents.
NORTH CANTON, Ohio, April 2, 2025 /PRNewswire/ — Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, announces the successful installation of two DN Series® ATMs at the U.S. National Science Foundation (NSF) McMurdo Station, Antarctica. Operated by Wells Fargo, the new cash dispensers replace the previously installed units, further enhancing accessibility to cash in one of the world’s most remote locations.
NSF McMurdo Station is Antarctica’s largest research and logistics hub, supporting a fluctuating population ranging from fewer than 200 residents in the winter to up to 1,100 individuals during the summer months (October through February). The ATMs play a crucial role in the station’s economy, providing residents with access to cash for daily transactions at cafes, the general store and the post office.
Chris Mande, Head of Branch Transaction Management at Wells Fargo, said: “Wells Fargo is proud to continue supporting the community at NSF McMurdo Station by providing reliable access to cash. The new Diebold Nixdorf ATMs will help ensure that all personnel there have the cash they need to participate in the local economy effectively. This is essential since the next closest ATMs are thousands of miles away.”
DN Series was designed for always-on availability and provides consumers with a more secure banking experience. While one ATM at the station is actively in use, the second serves as a backup for spare parts, facilitating uninterrupted service in this isolated area. With no conventional banking infrastructure in Antarctica, these machines are the only ATMs on the entire continent.
The ATMs are connected to DN AllConnectSM Data Engine, which leverages Internet of Things (IoT) connectivity, machine learning and artificial intelligence (AI) to ensure availability. A dedicated team monitors technical data that is continuously aggregated and analyzed to identify an impending failure, enabling remote diagnostics. The ATM can be repaired by the trained staff at NSF McMurdo Station, or the Diebold Nixdorf service team can remotely guide them through the repair process.
Joe Myers, EVP of Global Banking at Diebold Nixdorf, said: “Our service team’s commitment to not only transporting and installing the DN Series ATMs but also thoroughly training the staff at NSF McMurdo Station underscores our commitment to delivering essential banking services where they are needed most. By focusing on service excellence and maintaining a strong global supply chain, we can deliver seamless banking solutions to even the most isolated locations.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.
X: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf
DN-B


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Fintech PR
Sapiens Introduces Next-Generation Enhancements for Life & Annuities Insurers with Updated IllustrationPro and ApplicationPro

Latest releases elevate automation, risk intelligence, and customization to drive seamless policy management and superior agent experience
ROCHELLE PARK, N.J., April 2, 2025 /PRNewswire/ — Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the latest release of Sapiens IllustrationPro and Sapiens ApplicationPro, which deliver cutting-edge enhancements designed to meet the evolving needs of insurers. Driven by industry trends and direct user feedback, the updates provide greater automation, risk intelligence, and operational efficiency to transform how agents and advisors illustrate policies to applicants, manage business users, and integrate with underwriting and sales platforms, optimizing the agent/advisor experience.
As part of the new release, Sapiens IllustrationPro for Life & Annuities – a recipient of Celent’s prestigious Luminary Award and two XCelent Awards – takes illustration capabilities to the next level. This update provides insurers with unprecedented flexibility, control, and intelligence in managing illustrations and integrating with underwriting and sales platforms. Advanced solve capabilities allow for greater customization of premium and face amount searches, and a powerful new Report Editor enables effortless modifications to reports without IT intervention. Enhanced APIs and deep-linking functionality streamline workflows, ensuring a seamless and connected experience for agents and advisors.
With the latest release of ApplicationPro for Life & Annuities, insurers benefit from a more streamlined, compliant, and user-friendly process that enhances automation, risk assessment, and policy change management. New features such as Manager Review for oversight and compliance, AI-driven risk detection, and seamless API integrations empower insurers to accelerate underwriting, reduce errors, and improve agent efficiency. The upgraded user management interface simplifies administration, eliminating manual configurations and offering real-time access to application data.
“By continuously evolving our solutions, we enable insurers to meet market demands with agility, efficiency, and confidence,” said Roni Al-Dor, President and CEO of Sapiens. “The latest releases of IllustrationPro and ApplicationPro reinforce our commitment to innovation, providing insurers with the tools to drive superior agent and customer experiences while optimizing their operations.”
Both solutions are now available, empowering insurers to modernize their digital ecosystems and enhance operational performance.
Sapiens IllustrationPro is an award-winning, cloud-based illustration and quoting solution that delivers a fast, intuitive experience for advisors. Powered by a robust calculation engine, it supports complex new business and in-force illustrations with a library of more than 4,500 calculations for life, health, and annuity insurance.
Sapiens ApplicationPro is an award-winning, web-based eApp solution available as a modular, standalone system or seamlessly integrated with Sapiens Insurance Platform. It enhances efficiency by reducing time-to-issue, eliminating Not in Good Order (NIGO) applications, and lowering policy acquisition costs.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance SaaS-based software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our SaaS- based Solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success. For more information visit https://sapiens.com or follow us on LinkedIn.
Investor and Media Contact :
Yaffa Cohen-Ifrah
Sapiens Chief Marketing Officer and Head of Investor Relations
Email: Yaffa.cohen-ifrah@sapiens.com
Forward Looking Statements
Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic, and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.
While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
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View original content:https://www.prnewswire.co.uk/news-releases/sapiens-introduces-next-generation-enhancements-for-life–annuities-insurers-with-updated-illustrationpro-and-applicationpro-302418431.html
Fintech PR
Wirex Private Introduces $10 Million Crypto-Backed Loans for Enhanced Wealth Management

MILAN, April 2, 2025 /PRNewswire/ — Wirex Private, an award-winning platform for High-Net-Worth clients, has announced the launch of crypto-backed loans, now offering loans of up to $10 million as part of its expanding suite of exclusive services.
This new offering provides high-net-worth individuals with greater financial flexibility, allowing them to unlock liquidity without selling their digital assets. Clients can now leverage not just Bitcoin (BTC) but also other major cryptocurrencies, including Ethereum (ETH), XRP, and more, for tailored loan solutions.
The service is designed to help clients optimize their wealth management strategies by offering:
- Custom Loan Terms: Structured to align with individual financial goals.
- Tailored Credit & Liquidity Solutions: Responsible capital access for strategic wealth management.
- Flexible Repayment Options: No early repayment penalties, ensuring maximum financial control.
- Strategic Liquidity Access: Enabling clients to leverage their crypto assets without selling holdings.
Pavel Matveev, Co-Founder of Wirex Private, commented: “We’re always looking for ways to make digital assets more practical for everyday financial management. This loan service is a natural step in helping investors use their crypto holdings—whether BTC, ETH, or stablecoins—without giving them up.”
Wirex operates under strict financial regulations across multiple jurisdictions, ensuring the highest compliance and security standards. Unlike short-term speculation, this loan service is designed for long-term financial planning and responsible asset management.
Ronald Loh, Head of Wirex Private, added: “Our clients want flexible ways to access funds without having to sell their crypto. These crypto-backed loans give them the liquidity they need while keeping their long-term investments intact, whether they hold Bitcoin, Ethereum, or other major digital assets.”
High-net-worth clients benefit from priority handling, streamlined compliance processes, and personalized financial solutions. As Wirex continues to expand its premium services, these crypto-backed loans reinforce its position as a leader in digital asset finance.
For more information about Wirex Private’s crypto-backed loan offerings, please visit the website.
Wirex’s commitment to innovation has been recognized with over 20 different industry awards, including Best Digital Banking Platform at the Fintech Breakthrough Awards 2025 and Best Use of Digital Currencies – Assets in Financial Services at the Pay 360 Awards 2024.
As part of its ongoing mission to enrich the Wirex Private program and provide added value to its members, Wirex has recently introduced Wirex Travel. This exclusive travel booking platform is designed to meet the needs of high-net-worth clients by offering luxury holiday experiences at exceptional discounts. Additionally, Wirex Travel offers users up to 65% off hotel prices and up to 8% cashback, making premium getaways more rewarding than ever.
Whether looking for a serene retreat or an adventurous getaway, Wirex Private members can now enjoy unparalleled travel benefits tailored to their lifestyle.
About Wirex
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
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View original content:https://www.prnewswire.co.uk/news-releases/wirex-private-introduces-10-million-crypto-backed-loans-for-enhanced-wealth-management-302418409.html
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