Sector: Technology | Industry: Financial Technology (Fintech) |
Company Contact | |
Address: | 80 Richmond Street West, Suite 1401 TORONTO ON M5H 2A3 |
Tel: | N/A |
Website: | https://genifi.com |
IR: | See website |
Key People | ||
Thomas Beckerman Executive Chairman of the Board, Chief Executive Officer | Andrew Hilton Chief Financial Officer | George Colwell Senior Vice President |
Business Overview |
Genifi Inc., formerly Prodigy Ventures Inc., is a Canada-based company. It delivers fintech innovation, with its platforms, namely IDVerifact for digital identity verification; tunl. for open banking, and tunl.chat for AI-driven chat. The Company's platforms provide integration of multiple fintech platforms offered by its partners. The IDVerifact provides users with access to digital identity solutions that help them to detect fraud, prove identity, and gather rich data attributes in order to assess risk and adhere to all compliance requirements. IDVerifact delivers a complete suite of digital identity solutions to individuals and organizations, which includes fraud, identity verification, compliance, risk mitigation, data cybersecurity, consumer consent management, working capital management, underwriting, transactions, and CRAVEIW. The tunl. enables financial services providers to accelerate innovation by providing digital services to support financial institutions across Canada. |
Financial Overview |
For the nine months ended 30 September 2023, genifi inc revenues decreased 84% to C$1.7M. Net loss before extraordinary items decreased 53% to C$1.7M. Revenues reflect Technology services segment decrease of 84% to C$1.1M, Canada segment decrease of 87% to C$1.1M. Lower net loss reflects Impairment loss decrease from C$2.6M (expense) to C$0K, Compensation decrease of 12% to C$2.3M (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $-6.85M as of Sep 30, 2023 |
EBITDA (TTM): | -$4.08M as of Sep 30, 2023 |
Net annual income (TTM): | -$5.04M as of Sep 30, 2023 |
Free cash flow (TTM): | -$9.35M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 144,287,403 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |