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Prodigy Ventures Inc. (V:PGV)

Business Focus: Financial Technology (Fintech) (NEC)

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