PRESS RELEASE
PFSTECH closes 2024 with a 50% increase in revenue compared to 2023, driven by strategic acquisitions
Innovation, international expansion, and a sustainable work model mark a record-breaking year for PFS’ technology division
Bilma Building: new headquarters of the PFS group in Madrid
Madrid, 30 December 2024 – PFSTECH, the technology division of the PFS group, concludes an exceptional year with 50% growth in revenue, reaching €45 million. This increase, 75% driven by strategic acquisitions, consolidates its position in the Americas and Europe. EBITDA also recorded a significant rise, reaching €15 million, 40% more than in 2023.
International expansion and growth strategy
The integration of four key companies in the Americas and Europe has been fundamental to this success. These include EMC Software Jurídico, a specialist in Artificial Intelligence and process automation for legal matters; Buro365, a leader in credit lifecycle data management in Peru; AIS, an expert in advanced analytics for financial entities; and INNOVA, an Andalusian company that optimises processes for SMEs using SaaS technology.
“This growth is the result of our integration strategy, which has expanded our international presence and enhanced our technological offering,” says Jorge Giner Calabuig, CFO and Deputy CEO of PFSTECH.
The company has also maintained its commitment to innovation, allocating 5% of its revenue to R&D projects and making a substantial investment in staff training. Following these integrations, PFSTECH now employs approximately 490 staff and has a presence in eight offices across six countries.
Looking ahead to 2025, PFSTECH aims to reach €52 million in revenue and €20 million in EBITDA, with a 60-40 split between organic and inorganic growth.
With a solid presence in Spain and Latin America, the company plans to expand further into Europe, focusing on businesses with intellectual property that allow the delivery of advanced solutions for the comprehensive management of the credit lifecycle, adds Giner.
eWork model: flexibility, sustainability, and efficiency
In 2024, PFSTECH strengthened its flexible eWork model, enabling employees to work from anywhere with schedules tailored to their needs. This internally developed system has improved productivity and workplace wellbeing.
The offices in Madrid, Valencia, and Mexico have been redesigned as collaborative and sustainable spaces, optimising resources and reducing environmental impact.
“The eWork model has allowed us to reduce our carbon footprint by 94%, improve work-life balance, and enhance employee satisfaction. It reflects our vision of sustainability and efficiency,” explains Giner.
PFSTECH’s commitment to sustainability has been recognised with the EcoVadis bronze medal, ranking in the top 20% of over 130,000 companies evaluated globally and in the top 10% within its sector.
“These achievements reinforce our leadership in sustainability and demonstrate our commitment to creating a more balanced and responsible work environment,” concludes Giner.
About PFSTECH: PFSTECH is a multinational leader in advanced technology solutions for the credit lifecycle. With nearly 500 employees and a presence in six countries, PFS drives innovation, sustainability, and flexible working through its eWork model.
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Press Contact: Ana Salvá | ana@comms-studio.com | +34 652799707
