FSB has de-prioritised its operations in the US market, focusing on the UKI, Europe and Africa as the company’s “bedrock”.
Announcing Adam Smith as its Interim CEO in the process, FSB has confirmed its commitments to the aforementioned markets in 2023 with its key objective of accelerating existing customer growth and leveraging new opportunities in those territories via partnerships.
“2022 has been a successful year for FSB across our core markets with new partnerships forged and existing customers enjoying strong growth and new market expansion,” explained Ian Freeman, Chief Revenue Officer at FSB.
“We feel privileged to work with exceptional operational teams within our customer base, and our primary goal is to ensure that FSB resources are aligned to support the best market conditions and the revenue opportunities for them.
“Within this context, we’re now de-prioritising investment in the cost prohibitive US market in the short to medium term.”
In March of this year, FSB became one of the first suppliers to receive regulatory approval in Ontario, Canada and that market, according to the firm, remains a committed focus amid hints at two significant launches being lined up for Q1 2023.
As previously stated, Smith will take an interim position as the company’s CEO for the foreseeable. On his appointment, he stated: “Leading FSB into 2023 is a great honour for me. The strength of our world class technology and the talent of our people means there is a huge opportunity ahead for the organisation.
“I look forward to working closely with this driven, determined leadership team who I have no doubt will secure us further success in our core markets.
“Our end of year strategic review has allowed us to further sharpen our laser focus when it comes to delivering for existing and new partners across our core markets in 2023 and we continue to work closely with our private equity partners Clairvest and share with them a huge sense of positivity for the year ahead.”