Access Holdings’ Hydrogen posts first profit in two years
- Hydrogen declared profits of ₦161 million at the end of 2023, its first profitable year since its launch in 2022.
- The company aims to build Africa's most powerful payment business network and competes with other fintech players in the market.
- Hydrogen claims to have processed ₦15 trillion in transactions in 2023 and launched eight payments products in the same year.
Hydrogen's profitability in 2023 is a significant achievement for the company, indicating its successful strategic investments and efforts in building a sustainable business model. With its ambitious goal of becoming Africa's leading payment business network, Hydrogen faces competition from other fintech players but believes its unique approach and partnerships will set it apart. The company's impressive transaction volume and product launches further demonstrate its growth potential.
