Fast Finance Pay Corp. develops communication and digital payment services built around the OK.secure platform and related brands. Company updates focus on encrypted messaging, chat and video calls, file sharing, cloud storage, non-custodial crypto wallets, crypto-to-fiat conversion, and digital payment features for consumer and business users.
News also covers the rollout of OK.pay, including personal IBAN accounts, Visa debit card access and payment services within the OK.secure app, as well as OK.ai assistant features, OK.de services, quarterly financial results, capital-structure actions and audit-related reporting developments.
Fast Finance Pay Corp (OTC PINK:FFPP) has announced the appointment of Wolf & Company, P.C. as its new independent registered public accounting firm, effective immediately. The firm, registered with the Public Company Accounting Oversight Board (PCAOB), brings extensive experience in financial services, particularly in crypto and digital payments sectors.
CEO Ole Jensen highlighted Wolf & Company's expertise in working with industry peers as valuable assets for FFPP's growth strategy and financial reporting excellence. Fast Finance Pay Corp operates as a global provider of communication and digital payment solutions, offering a messenger platform with integrated crypto wallet and debit card services. The company's brand portfolio includes OK.de, OK.secure, OK.merchants, OK.pay, and DigiClerk, providing B2C and B2B payment processing solutions.
Fast Finance Pay Corp (FFPP) has reported strong financial results for fiscal year 2024. The company achieved significant growth with revenues reaching $10.4 million, marking a 130% increase from $4.5 million in 2023. Gross profit rose to $4.5 million from $1.8 million, while net profit increased to $568 thousand from $244 thousand in the previous year.
The company recently implemented a reverse stock split to strengthen its capital structure, aiming to uplist to a major stock exchange. Despite challenging market conditions and high interest rates, all business units performed successfully. The company operates as a fintech gateway provider offering payment solutions for e-merchants, and maintains OK.de Services, which includes a free email platform and OK.secure, an encrypted messaging service.
Fast Finance Pay Corp. (OTC PINK:FFPP) has engaged a New York-based investment bank to assist with its planned up-listing to a national stock exchange. CEO Rahul Mital stated that this move aligns with the company's aggressive growth strategy, which includes becoming a fully SEC-reporting company. The company is currently evaluating NYSE-American and Nasdaq Capital Markets as potential options for the up-listing. This engagement marks an important step in Fast Finance's process to transition to a major exchange, potentially increasing visibility and access to capital markets.
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