As a UK-incorporated fintech, we qualify to benefit from HMRC’s R&D tax credit scheme. This allows us to claim back a significant portion of our development spend as an annual cash rebate —rewarding our continued investment in proprietary technology and improving our capital efficiency.
To date, we’ve received the following cash R&D payments:
| Year | Annual Amount |
|---|---|
| 2020 | $220,656 |
| 2021 | $251,150 |
| 2022 | $400,551 |
| 2023 | $192,361 |
| 2024 | $209,252 |
| TOTAL | $1,273,969 |
We expect to continue to claim R&D cash credits until 2028.
| Year | Annual Amount |
|---|---|
| 2025 | $125,000 |
| 2026 | $125,000 |
| 2027 | $125,000 |
| 2028 | $125,000 |