Niche cloud services supplier Beeks Financial Cloud (BKS:AIM) has joined AIM after raising £7m from investors.

The £24.5m company provides communication and data storage to foreign currency and derivatives trading organisations. Growth plans include geographic expansion and adding equity trading capabilities, the latter most likely to come through acquisitions.

Beeks recorded a 48% jump in revenue for the year to 30 June to £4m, although it pluged into a pre-tax loss of £761,000. (SF)