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Fintech Select Ltd. (V:FTEC)

Business Focus: Banks (NEC)

Sector:  Financials Industry:  Banks
 
Company Contact
Address: 100 King St., W; T201a
CHATHAM ON L4K 4M2
Tel: N/A
Website: selectcore.com
IR: See website
Key People
Mohammad Abuleil
President, Chief Executive Officer, Director
Yu Zhang
Chief Financial Officer
 
Business Overview
Fintech Select Ltd. is a Canada-based company engaged in providing financial payment services. The Company is a provider of robust and disruptive payment solutions, including prepaid card programs, crypto-currency point-of-sale (POS), e-wallet and online payment. It operates through various divisions: Prepaid, Twifty, Selectcoin and Call Center. The Company also operates a 24/7/365 multi-lingual call center that provides customer service support to third party customers in Canada and the United States and to the Company's customers across the platforms. Its corporate and government-facing MasterCard programs include Canada's robust infrastructure, including a large POS footprint that allows consumers to fund their cards. Its Twifty platform offers an online and e-wallet payment solution that specializes in e-commerce processing, corporate disbursements, and remittances. Its Selectcoin platform allows anyone to buy and sell cryptocurrencies through its POS footprint.
Financial Overview
For the nine months ended 30 September 2023, Fintech Select Ltd revenues increased 61% to C$3.2M. Net income applicable to common stockholders decreased 72% to C$477K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Gain on settlement of accounts payable decrease from C$2.2M (income) to C$0K, Salaries and Benefits increase of 11% to C$2.3M (expense).
Employees: 10 as of Dec 31, 2005
Reporting Currency: Canadian Dollars
Enterprise value: $3.99M as of Sep 30, 2023
Annual revenue (TTM): $3.79M as of Sep 30, 2023
EBITDA (TTM): $0.48M as of Sep 30, 2023
Net annual income (TTM): -$0.04M as of Sep 30, 2023
Free cash flow (TTM): $0.05M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 80,049,515 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization