Shore Capital appointed as Nominated Adviser and Sole Broker to Cornerstone FS plc

Shore Capital is delighted to be appointed as Nominated Adviser to Cornerstone FS (AIM: CSFS). Shore Capital were appointed Sole Broker in July 2023 and we are pleased to have broadened our existing relationship with Cornerstone.

Cornerstone is a foreign exchange and payments company offering multi-currency accounts and payment solutions to businesses and individuals. Headquartered in the City of London, Cornerstone combines a proprietary technology platform with a high level of personalised service to support clients with payments in over 150 countries in 58 currencies. With a track record of over 12 years, Cornerstone has the expertise, experience and expanding global partner network to be able to execute complex cross-border payments. It is fully regulated by the Financial Conduct Authority as an Electronic Money Institution through its wholly owned subsidiary company Cornerstone Payment Solutions Limited, and through a subsidiary holds a Money Services Business licence in Canada.

Cornerstone saw revenue growth of 100% in 2023 and generated a maiden full-year EBITDA of £1.4m on improved gross margins. It has a market cap of c.£17m.

For further information please contact:  

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Daniel Bush / Tom Knibbs

Corporate Broking: Guy Wiehahn

For Shore Capital media enquiries, please contact:  

[email protected]