A wealth management SaaS launch, a portfolio company posting its twelfth consecutive quarter of revenue growth, and a CFO appointment at Raspberry Pi headlined a busy Monday for tech-focused small and mid-caps. Leadership continuity at Ocado and a contract extension at BATM rounded out a day rich in corporate news.
RC365 builds wealth management SaaS platform for multi-million revenue target
RC365 Holding (AIM:RCGH) launched a new wealth management SaaS platform developed for approximately US$150,000, with management targeting multi-million dollar annual revenues from the product. Executive Director Chi Kit Law described the investment-to-potential-return ratio as a defining opportunity for the group, positioning the platform as a scalable revenue driver beyond RC365's existing payments infrastructure.
The announcement lifted the shares 3.6% to 2.85p. The platform targets a segment of financial services where recurring subscription revenues and low marginal costs can generate outsized returns on modest development spend, a model RC365 is now explicitly pursuing.
Innovative Eyewear posts 71% revenue jump and two new wholesale deals
Innovative Eyewear, a portfolio company of Tekcapital (AIM:TEK), reported a 71% year-over-year revenue increase in its second quarter, marking the company's twelfth consecutive quarter of year-on-year growth. Two new wholesale partnerships were announced alongside the results, with management expecting those agreements to provide a material lift to second-half sales.
Tekcapital shares slipped 4.7% to 5.004p on the day, though the underlying portfolio news was firmly positive. Innovative Eyewear's sustained growth trajectory and expanding distribution footprint reinforce the investment case for the smart eyewear category that Tekcapital has been building around.
Ocado confirms Tim Steiner as CEO through start of 2028
Ocado Group (LSE:OCDO) confirmed that Chief Executive Tim Steiner will remain in post through the start of the 2028 financial year, with an advisory role extending his involvement into 2029. The announcement provides a defined leadership horizon for a business in the midst of executing its international technology licensing strategy, giving partners and investors a clear view of continuity at the top.
Ocado shares eased 1.9% to 180.2p. The planned transition timeline, rather than an abrupt departure, suggests the board is managing succession deliberately, with Steiner's advisory presence designed to smooth the handover when it comes.
BATM wins three-year US broadband contract extension worth $1.3m
BATM Advanced Communications (LSE:BVC) secured a three-year extension to a network support services contract with one of the largest cable operators in the United States, covering operations across 23 states. The deal is valued at approximately $1.3m and extends a relationship that underpins BATM's networking division revenue base.
BATM shares were quoted at 14.5p. While the contract value is modest in isolation, the geographic breadth of the agreement, spanning nearly half of US states, reflects the operational scale of the client relationship and the embedded nature of BATM's support services within that infrastructure.
Raspberry Pi appoints Tim Powell as CFO from October
Raspberry Pi (LSE:RPI) named Tim Powell as its incoming Chief Financial Officer, with the appointment effective from October. Powell succeeds Richard Boult in the role. Chairman Martin Hellawell cited Powell's experience scaling fast-growing businesses and managing periods of significant strategic development as central to the appointment.
The shares rose 5.0% to 889.5p on the news. The hire signals that Raspberry Pi's board is focused on bringing in financial leadership capable of supporting the company's next phase of growth following its stock market debut, with Powell's background aligned to the operational and strategic demands of a business expanding rapidly beyond its hobbyist origins.
