MFSA

FDCTech Provides Updates on the Definitive Agreement for the Acquisition of Alchemy Group Companies and Direct Investment

Retrieved on: 
Thursday, December 7, 2023
ADS, MFSA, Law, The Company, Companies House, DMCC, Companies Act, Acquisition, FCA, Education, Common stock, Financial Conduct Authority, ETF, Bank statement, License, OTC, Contract for difference, Environment, Security (finance)

Irvine, CA, Dec. 07, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced that the Company's Directors have approved the shareholders' actions ("Actions") from holders of approximately 89.01% of the 333,584,729 shares of Company stock issued and outstanding.

Key Points: 
  • The Company will receive $5,500,000 in direct investment from Alchemy Prime Holdings Shareholder for Common Stock valued at $0.11 per share.
  • Series A Preferred Investment: Alchemy Prime Holdings shareholders will provide the Company $2,500,000 in direct investment for Series A preferred shares, valued at $1.00 per share, totaling 2,500,000 shares.
  • The Company's acquisition involves purchasing shares of Alchemy UK and Alchemy Malta from Alchemy Prime Holdings Limited and its sole shareholder, Gope S. Kundnani.
  • Mr. Kundnani is a related and affiliated party with a controlling interest in the Company, Alchemy UK and Alchemy Malta.

FDCTech's Quarterly Release for the Third Quarter (FY23 Q3) Results

Retrieved on: 
Tuesday, November 14, 2023
ALGO, Companies Act, ETF, MFSA, The Company, Law, Malta Financial Services Authority, Contract for difference, License, Hand, Growth, Financial condition report, OTC, Education, Clothing, Cryptocurrency, Financial services

Irvine, CA, Nov. 14, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the following results for the three and nine months ending September 30, 2023, as compared to the corresponding period of September 30, 2022:

Key Points: 
  • The Company reported a net income of $638,084 and $1,366,777 for the three and nine months ending September 30, 2023.
  • The gross margin generated for the three months ending September 30, 2023, and 2022 were $2,311,165 and $198,702, an increase of 1,063% from the previous period.
  • Please visit our SEC filings or the Company's website for more information on the full results and management's plan.
  • A dedicated team of qualified financial planners brings expertise and a commitment to servicing metropolitan and regional practices across Australia.

UPAY Inc. Announces the Election of Jaco Fölscher, CEO of ACPAS, to the Board of Microfinance South Africa (MFSA)

Retrieved on: 
Thursday, October 26, 2023
African, Policy, MFSA, UPAY, Microfinance, Management

(Microfinance is a type of banking service provided to low-income individuals or groups who otherwise wouldn't have access to financial services.)

Key Points: 
  • (Microfinance is a type of banking service provided to low-income individuals or groups who otherwise wouldn't have access to financial services.)
  • Jaco Fölscher is widely recognized as a highly respected professional in the specialized domain of microfinance.
  • "I am deeply honoured and excited to join Microfinance South Africa's board," said Jaco Fölscher.
  • Jaco Fölscher's appointment underscores UPAY Inc.'s commitment to being at the forefront of advocating for excellence in microfinance.

Blockchain E-Ticketing Platform UTIX Announces Major Exchange Listing On BitMart

Retrieved on: 
Thursday, October 26, 2023
Ethereum, Blockchain, BTC, Sale, UTX, MFSA, Malta Financial Services Authority, Ecosystem, Cryptocurrency and crime, USDT, Cryptocurrency, Online shopping

The UTIX platform is a software-as-a-service offering that provides comprehensive and highly customizable e-ticketing solutions to event organizers.

Key Points: 
  • The UTIX platform is a software-as-a-service offering that provides comprehensive and highly customizable e-ticketing solutions to event organizers.
  • UTIX generates revenue by charging small fees on each ticket sold, meaning its platform is completely free for event organizers to use.
  • By earning $UTX every time they purchase e-tickets via UTIX, users can obtain discounts on future events listed on the platform.
  • With $UTIX now available to trade on our platform, it’s a project that’s rapidly approaching maturity,” said a BitMart representative in a statement.

FDCTech Signs the Definitive Agreement to Merge with Alchemy Group, Seeks Uplist

Retrieved on: 
Thursday, October 5, 2023
DMCC, Dubai Multi Commodities Centre, OTC, NYSE, Acquisition, The Company, Malta Financial Services Authority, Alchemy, Financial Conduct Authority, FCA, Companies House, Contract for difference, Companies Act, ETF, ADS, Law, Education, NYSE American, Environment, New York Stock Exchange, License, Investment Company Act of 1940, AD, MFSA, Machine tool, Security (finance), Financial adviser, Financial services

Irvine, CA, Oct. 05, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the definitive agreement with Alchemy Group where the Company acquired 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and 49.90% of Alchemy Markets Ltd. (Alchemy Malta). After the acquisition of 49.90% of Alchemy Malta, the Company will control 100.00% of all issued outstanding shares of Alchemy Malta. The acquisition of Alchemy UK and Alchemy Malta is subject to regulatory approval by the Financial Conduct Authority (FCA UK) and Malta Financial Services Authority (MFSA), respectively.

Key Points: 
  • The Company acquires 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and 49.90% of Alchemy Markets Ltd. (Alchemy Malta).
  • Irvine, CA, Oct. 05, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT ), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the definitive agreement with Alchemy Group where the Company acquired 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and 49.90% of Alchemy Markets Ltd. (Alchemy Malta).
  • After the acquisition of 49.90% of Alchemy Malta, the Company will control 100.00% of all issued outstanding shares of Alchemy Malta.
  • The acquisition of Alchemy UK and Alchemy Malta is subject to regulatory approval by the Financial Conduct Authority (FCA UK) and Malta Financial Services Authority (MFSA), respectively.

FDCTech Signs a Binding Letter of Intent to Merge with Alchemy Group

Retrieved on: 
Thursday, September 28, 2023
ETF, Education, Financial Conduct Authority, Malta Financial Services Authority, ADS, Law, Alchemy, Linn, DMCC, Acquisition, Companies Act, OTC, Companies House, FCA, Dubai Multi Commodities Centre, License, The Company, Contract for difference, AD, Environment, MFSA, Companies Act 2006, Machine tool, Security (finance), Financial services, Bank, Financial adviser

Irvine, CA, Sept. 28, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the legally binding agreement with Alchemy Group where the Company will acquire 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and the remaining 49.90% of Alchemy Markets Ltd. (Alchemy Malta), collectively known as Alchemy Group. The Company will issue 1,700,000 shares of its Series B Preferred stock, or such other number of shares that the parties agree upon to shareholder(s) of Alchemy Group, for the acquisition. Upon finalizing the merger, the existing management team and board of directors will continue to oversee and manage the Company's operations. This transaction is the result of extensive negotiations commencing in September 2022.

Key Points: 
  • The Company plans to acquire 100% of Alchemy Markets DMCC (UAE), 100% of Alchemy Prime Ltd. (UK), and the remaining 49.90% of Alchemy Markets Ltd. (Malta).
  • Irvine, CA, Sept. 28, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT ), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the legally binding agreement with Alchemy Group where the Company will acquire 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and the remaining 49.90% of Alchemy Markets Ltd. (Alchemy Malta), collectively known as Alchemy Group.
  • The combined expertise of FDCTech and the Alchemy Group can lead to operational efficiencies, cost savings, and the potential for innovative product and service offerings.
  • Please visit our SEC filings or the Company's website for more information on the full results, management's plan, and the binding letter of intent.

FDCTech's Quarterly Release for the Second Quarter (FY23 Q2) Results

Retrieved on: 
Monday, August 14, 2023
ETF, Education, ADS, Malta Financial Services Authority, Law, Companies Act, OTC, Contract for difference, Growth, License, The Company, AD, Hand, MFSA, Investment Company Act of 1940, Rare-earth element, Cryptocurrency, Financial adviser

Irvine, CA, Aug. 14, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the following results for the three and six months ending June 30, 2023, as compared to the corresponding period of June 30, 2022:

Key Points: 
  • The Company reported a net income of $922,343 and $685,168 for the three and six months ending June 30, 2023.
  • The gross margin generated for the three months ending June 30, 2023, and 2022 were $442,657 and $155,121, an increase of 185% from the previous period.
  • The cash on hand was $127,057 as of June 30, 2023, compared to $264,829 on December 31, 2022.
  • Please visit our SEC filings or Company's website for more information on the full results and management's plan.

FDCTech's Quarterly Release for the First Quarter (FY23 Q1) Results

Retrieved on: 
Monday, May 15, 2023
Financial Industry Regulatory Authority, ETF, CIM, Securities Investor Protection Corporation, Education, ADS, Malta Financial Services Authority, Law, Broker-dealer, The Company, SIPC, Companies Act, OTC, FINRA, Contract for difference, Growth, License, AD, Hand, MFSA, Investment Company Act of 1940, Cryptocurrency, Financial services, Financial adviser

Irvine, CA, May 15, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the following results for the three months ending March 31, 2023, as compared to the corresponding period of last fiscal year:

Key Points: 
  • During the three months ending March 31, 2023, and 2022, the Company incurred a net loss of $237,176 and $403,944, a decrease of 41% from the previous period.
  • The net loss as a percentage of revenue decreased from 26% to 15% for the three months ending March 31, 2023, compared to the previous period.
  • The cash on hand was $139,844 as of March 31, 2023, compared to $264,829 on December 31, 2022.
  • Please visit our SEC filings or Company's website for more information on the full results and management's plan.

FDCTech's 2022 Annual Report Highlights: Record revenue and gross margin set the platform for future profitable growth

Retrieved on: 
Tuesday, April 18, 2023
Agreement, BVI, Financial Industry Regulatory Authority, CMAS, CIM, CMA, Securities Investor Protection Corporation, Education, ADS, AJB, Malta Financial Services Authority, Law, Broker-dealer, Acquisition, SIPC, FDC, Companies Act, FINRA, Growth, The Company, License, AD, Letter, Hand, Virgin Islands, MFSA, Investment Company Act of 1940, Cryptocurrency, Security (finance), Financial adviser

Irvine, CA, April 18, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the following results for the fiscal year ending December 31, 2022, as compared to the corresponding period of last fiscal year:

Key Points: 
  • The Company’s successful integration of wealth management and enhanced technology businesses drive a 1,310% increase in annual revenue and a staggering 2,310% increase in gross margin.
  • The gross margin generated for the fiscal year ended December 31, 2022, and 2021 were $1,018,940 and $42,277, an increase of 2,310% from the previous period.
  • The net loss as a percentage of revenue decreased from 379% to 16% for the fiscal year ending December 31, 2022, compared to the previous period.
  • The cash on hand was $264,829 as of December 31, 2022, compared to $93,546 on December 31, 2021.

UPAY Inc. - MFSA Conference Sponsorship

Retrieved on: 
Friday, April 14, 2023
FIC, ADRA, National Credit Regulator, Growth, African, Partnership, PASA, MFSA, Mobile phone, Tourism

DALLAS, April 14, 2023 (GLOBE NEWSWIRE) -- UPAY Inc. (“UPAY” or the “Company”) (OTCQB: UPYY) is pleased to announce that its South African subsidiary, ACPAS, sponsored the MFSA Industry Engagement Session & Workshop held on March 16, 2023.

Key Points: 
  • DALLAS, April 14, 2023 (GLOBE NEWSWIRE) -- UPAY Inc. (“UPAY” or the “Company”) (OTCQB: UPYY) is pleased to announce that its South African subsidiary, ACPAS, sponsored the MFSA Industry Engagement Session & Workshop held on March 16, 2023.
  • The MFSA team expressed their gratitude for ACPAS's sponsorship and acknowledged their invaluable support and contribution to the MFSA and its vision, mission, and values.
  • The MFSA team praised ACPAS's inspiring presence at the event, which was enjoyed by many MFSA members.
  • UPAY Inc. is proud of ACPAS's involvement in the event and appreciates the recognition from the MFSA team.