TALLINN,
Estonia, Dec. 24, 2024 /PRNewswire/ -- XData
Group, a B2B software development firm and a rising fintech
innovator based in Tallinn,
Estonia, has celebrated a year of exceptional achievements
in 2024. Compared to the previous year, the company has doubled its
revenue, jumping from €3.3M to €7.8M, while the net profit is
expected to be in the €3-3.5 million range. This is a remarkable
leap for a growing business, cementing XData's position as a
prominent rising player in the B2B software development space.
The past year has been transformative for XData Group: despite
facing challenges in attracting top talent, the company
successfully grew its team from 27 to 79 employees, nearly tripling
in size. This expansion reflects XData's ability to draw skilled
professionals motivated by a shared vision of reshaping the banking
industry through cutting-edge technology.
A significant milestone of 2024 was the release of the company's
flagship banking suite, designed to enhance user experience and
operational efficiency in online banking.
Additionally, XData Group expanded its global presence by
opening new offices in Spain and
Armenia, two emerging tech hubs
that align well with the company's vision and forward-thinking
approach.
The company's client base has also grown as XData secured
partnerships with several European banks and financial institutions
in the Middle East, showcasing its
growing reputation as a trusted partner.
"We are proud of everything we've achieved this year and
XData's growing role in driving the adoption of AI and automation
in the banking space. As 2025 draws near, our team is committed to
scaling our operations even further, doubling down on our
proprietary AI-driven solutions and making sure our clients get the
best that XData has to offer," – stated Roman Eloshvili, CEO of XData Group.
XData Group has ambitious plans for the upcoming year: among
other things, the company aims to achieve €14 million in revenue
and expand its team to 120–130 employees. The company will also
shift focus from outsourcing projects to enhancing its internal
product development, driving innovation in AI-powered solutions for
banking and financial services.
As automation and AI reshape the financial landscape, XData
Group intends to stand at the forefront of this transformation,
empowering its partners to transition seamlessly into a new age of
technology, where financial services become more accessible,
efficient, and user-centric.
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SOURCE XData Group