Welcome to our dedicated page for Fdctech news (Ticker: FDCT), a resource for investors and traders seeking the latest updates and insights on Fdctech stock.
FDCTech, Inc. (FDCT) generates a steady flow of company news centered on financial performance, acquisitions, product launches, and regulatory milestones. As a regulatory-grade financial technology infrastructure developer quoted on the OTC PINK market, FDCTech uses press releases to update investors on its progress in investment and brokerage, wealth management, and technology & software development segments.
Recent news highlights include audited and unaudited financial results, where the company reports revenue growth and profitability measures across its segments. FDCTech also issues announcements when it completes or agrees to significant transactions, such as the acquisition of Alchemy International Ltd., a Seychelles-licensed securities dealer, and the signing of a non-binding Letter of Intent to acquire Steven AB (Xoala), an Electronic Money Institution in Sweden. These updates provide insight into how the company is executing its growth-through-acquisition strategy.
Operational and product news is another key focus. FDCTech publishes updates on initiatives at its subsidiaries, including Alchemy Markets Limited’s launch of a Copy Trading mobile application and the integration of TradingView for direct chart-based trading. These releases describe new platform capabilities, regulatory achievements, and infrastructure enhancements across jurisdictions such as Malta and Mauritius.
Corporate and capital markets developments also appear in FDCTech’s news flow. The company reports shareholder-approved actions related to authorized share increases and potential reverse stock splits, as well as advisory engagements with firms like E.F. Hutton & Co. LLC to explore financing options and a potential uplisting to a senior national securities exchange. Investors and observers who follow FDCTech’s news can track how management communicates its strategy, regulatory progress, and segment performance over time.
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.