Sparta Commercial Services, Inc. reports developments across a fintech and private-credit business with diversified operations in financial services, e-commerce and mobile technology, and health and wellness. Its Agoge Global USA subsidiary operates EZBroker360, a platform for staged financing, compliance, invoicing, settlement and cross-border payment support for Brazilian import and export activity.
Company news also covers municipal and commercial financing transactions, credit-line relationships, lending capacity updates, platform adoption, technology partnerships and product launches. Sparta has also reported its completed move of SRCO common stock to the OTCQB Venture Market.
Sparta Commercial Services (OTC PINK:SRCO) has secured another contract with the Town of Candor, NC, marking the 11th time since 2014 that the municipality has utilized Sparta's Municipal Finance Program. The program allows towns to finance essential equipment such as police and fire equipment over time, enhancing budgetary flexibility. Tammy Kellis, the Town Clerk, praised Sparta's smooth collaboration. Sparta's financial services cater to various North Carolina jurisdictions, including major cities like Charlotte and Raleigh, aiming to support municipalities in managing their essential equipment needs efficiently.
Sparta Commercial Services (OTC PINK:SRCO) announced the addition of a premier private car club in the Southwest as a user of its iMobileApp technology, highlighting the growing demand from various clubs. The iMobileApp offers essential features for private and public clubs, enhancing member experience and communication. CEO Anthony Havens emphasized the importance of secure access for club members, indicating a commitment to improving app functionalities. The company continues to explore opportunities for expanding its client base as club interest in mobile solutions rises.
Sparta Commercial Services (OTC PINK:SRCO) has successfully completed 9 contracts with both new and returning jurisdictions, expanding its Municipal Lease Program to 99 municipalities, including Inman, SC, and Navassa, GA. The program supports local governments by providing affordable financing for essential equipment. CEO Anthony Havens noted a significant increase in demand for their leasing options, attributing it to the current budget constraints faced by agencies. The program's effectiveness is evidenced by multiple returning clients seeking to expand their fleets.