Fdctech Inc Stock Price, News & Analysis

FDCTech, Inc. announced awareness of promotional activities related to its stock, specifically an electronic newsletter from Cryptocurrencyalerts.com, which occurred on June 11, 2021. The company had no prior knowledge of the newsletter and is uncertain of its impact on trading, which saw over 2 million shares traded on June 7, 2021, following the announcement of their acquisition of Genesis Financial, Inc. The newsletter makes speculative claims about the stock's price potential, highlighting factors such as Bitcoin's performance. FDCTech engaged various marketing consultancies since June 2020 but denies any involvement with the newsletter's distribution.

FDCTech, Inc. (OTCQB: FDCT) announced its successful partnership with SkaleCRM, integrating its CRM solution with the Condor FX Pro Trading Platform. This collaboration enables cross-selling opportunities, allowing FX brokers to access a comprehensive suite of trading and customer management tools. With the new integration, brokers can offer thousands of trading symbols across multiple asset classes through customizable platforms, enhancing their client offerings. This strategic partnership aims to improve operational efficiency and expand market reach for both companies in the competitive FX brokerage sector.

FDCTech, Inc. has appointed Warwick Kerridge as the new Chairman of the Board. Kerridge brings over 30 years of experience in legal and corporate financial services, focusing on M&A strategies. He previously chaired Genesis Financial and advised organizations on transactions valued over $10 billion. His leadership is expected to enhance the company's governance during a rapid growth phase driven by recent acquisitions. The board now comprises three directors: two executives and one non-executive.

FDCTech has announced the acquisition of Genesis Financial, aiming to create a diversified global financial services company with projected annualized revenue of $15 million. The deal involves a stock-for-stock transaction, granting Genesis shareholders 70 million shares valued at approximately $35 million. This acquisition provides access to the Australian Financial Services License and Credit License, expanding FDCTech's service offerings in wealth management and financial advisory, and facilitates the execution of its merger and acquisition strategy in the Australian market.

FDCTech, Inc. (FDCT) reported Q1 2021 results showing revenues of $64,353, down from $83,907 in Q1 2020. The company incurred a net loss of $221,838, compared to $59,585 in the same period last year. In February 2021, FDCT executed an Assignment of Debt Agreement, eliminating $1,256,908 in convertible notes by issuing 12,569,080 shares. Total stockholders' equity improved to $537,026 from a deficit of $1,038,044. Additionally, a non-binding agreement was made for the acquisition of Genesis Financial, Inc. for $35 million in stock.

FDCTech, Inc. (FDCT) has announced the acceptance of Bitcoin (BTC) as a payment option, enabling non-US customers to pay technology and software fees without local currency transaction costs. Discounts will be offered for invoices over $10,000 paid in BTC. This initiative aims to streamline cross-border payments, reduce transaction fees by up to 4%, and lower chargeback risks. The company also intends to expand into developing economies where currency volatility is a concern, further boosting cash flow and reducing credit risks.

FDCTech, Inc. announced on February 25, 2021, that FRH Group converted $1,256,908 of affiliate convertible notes into 12,569,080 common shares. This conversion reduces total liabilities by 72.35%, improving the company's net asset position for a potential uplisting. The CEO expressed gratitude towards FRH Group for their support and indicated that eliminating secured debt is a crucial step towards growth and completing the acquisition of Genesis Financial, Inc. The company aims to strengthen its financials for future expansion.

FDCTech, Inc. (FDCT) has successfully integrated Condor FX Pro 5.0 with oneZero Financial Systems' liquidity hub, enabling enhanced connectivity for FX brokers. This integration allows access to over 200 liquidity providers and supports advanced analytics, facilitating better trading execution and risk management. The installation of this technology in data centers in London, New York, and Tokyo will further enhance the operational capabilities of FX brokers, positioning FDCT as a key player in the fintech sector.

FDCTech, Inc. (FDCT) announced a non-binding letter of intent to acquire Genesis Financial, Inc., a diversified financial services company specializing in fintech-driven Wealth Management and D2C Lending. The transaction will be stock-for-stock, with Genesis shareholders receiving restricted shares. Genesis reported a consolidated revenue of $15.6 million and EBITDA of $1.2 million for FY 2020. This acquisition aims to enhance FDCT's fintech capabilities and market position in Australia’s wealth management sector, creating synergy with Genesis’ existing operations.