Sparta Coml Svcs Stock Price, News & Analysis

Sparta Commercial Services, Inc. (SRCO) is a fintech and technology company that operates through multiple business segments spanning financial services, e-commerce and mobile technology, and health and wellness. According to company disclosures, Sparta was founded in 2004 and is headquartered in New York City. Its common stock trades on the OTCQB Venture Market under the ticker symbol SRCO, following an uplisting from the OTC Pink Market.

Business Model and Core Segments

Sparta describes itself as a fintech and private credit solutions provider with diversified operations. Its activities are organized around three primary areas: Financial Services, E-Commerce & Mobile Technology, and Health and Wellness. The company operates through several subsidiaries that focus on specific markets and technology platforms.

Financial Services and Agoge Global USA

Within financial services, Sparta operates Agoge Global USA, Inc., a subsidiary that focuses on cross-border trade finance and payments, particularly in the Brazilian import and export market. Agoge works in partnership with WeDev Group Ltda., a Brazilian software and blockchain developer. The partnership uses stablecoins and blockchain technology to decrease the cost and improve the speed of international transactions between exporters and importers.

Agoge’s activities include a proprietary platform called EZBroker360, which the company describes as a centralized, integrated system designed to manage the financial and operational aspects of Brazilian importers and exporters. According to company news, EZBroker360 combines a Merchant of Record model with services such as invoice management, bill of lading processing, import and export declarations, and a staged financing module. The platform is intended to handle freightage, taxation, and compliance-related costs, while offering staged private credit and automated payment solutions.

Sparta reports that Agoge targets loans under a specified size and duration to align with regulatory frameworks in Brazil, and that the platform has been tested, validated, and fully automated with multiple corporate clients completing full loan cycles. The company has highlighted that early adopters have increased their transaction volume and referred new clients, contributing to a growing pipeline of prospects. Sparta also notes that Agoge’s lending capacity has grown over time, reflecting increased usage of EZBroker360 by Brazilian importers in sectors such as automobiles, textiles, machinery, vehicle components, wines, and specialty goods.

Blockchain and Stablecoin-Based Trade Platform

Through Agoge and its joint venture with WeDev Group, Sparta has launched an integrated blockchain-based platform that uses stablecoins to facilitate cross-border payments. Company communications state that this platform aims to reduce payment transaction times from days to hours, address currency risk, and lower costs for both U.S.-based importers and Brazilian exporters. The platform incorporates industry-standard anti-money laundering (AML) and know-your-customer (KYC) compliance procedures and is designed to mitigate various risk factors that importers and exporters face.

Sparta indicates that corporate customers have begun using this platform for a full suite of products related to international trade, including staged financing for freightage, taxation, and compliance. The company positions this initiative as part of its broader strategy to expand its portfolio of crypto and digital asset offerings for businesses across multiple markets.

Municipal Leasing and Traditional Financial Services

In addition to its fintech and blockchain initiatives, Sparta operates a Municipal Leasing Division. This division offers and administers a specialized municipal leasing program for local and state agencies and other jurisdictions seeking ways to finance essential equipment needs. Company materials describe financed assets such as police motorcycles and cruisers, emergency medical services equipment, buses, and other types of essential municipal equipment.

This leasing activity reflects Sparta’s long-standing involvement in equipment finance for public-sector and non-profit entities. The company has stated that it continues to offer lease finance programs to municipalities and non-profit organizations alongside its newer fintech and digital initiatives.

E-Commerce and Mobile Technology

Sparta’s E-Commerce & Mobile Technology segment is primarily conducted through its subsidiary iMobile Solutions, Inc. and related offerings. According to company descriptions, iMobile Solutions provides mobile application development, website design, e-commerce solutions, and vehicle history reports. The company has highlighted its iMobileApp product, which is used to develop and service custom mobile apps for a range of businesses, including restaurants, liquor stores, racetracks, clubs, and vehicle dealerships.

Sparta also notes that iMobile Solutions offers website design, development, hosting, search engine optimization services, and text messaging and alert services. These offerings are positioned as tools for businesses seeking mobile and digital communication capabilities.

Within its e-commerce activities, Sparta has launched ZooZilo, an online store that the company describes as focused on customers who view life as an adventure. ZooZilo features collections such as Adventure Gear, Daily Must-Haves, Urban Attire, and Self-Care, with an emphasis on style, functionality, and versatility. The company positions ZooZilo as part of its broader e-commerce family.

Health and Wellness Products

Sparta’s Health and Wellness segment operates through its subsidiary New World Health Brands, Inc. Company communications describe New World Health Brands as offering wellness supplements designed to support overall health, with products characterized as premium wellness supplements that deliver nutrients in amounts intended to support users’ health objectives.

Sparta has also indicated that it previously participated in the CBD marketplace but later withdrew from that area in order to focus on other high-growth prospects and to strengthen its position in its chosen sectors.

Cryptocurrency and Digital Payments

Another part of Sparta’s business is conducted through Sparta Crypto, Inc. and related payment technology. The company manages SpartaPayIQ, a payment gateway that allows businesses to accept cryptocurrencies. This activity aligns with Sparta’s broader strategy of offering crypto and digital asset-related services and integrating these technologies into trade finance and payment workflows, particularly through Agoge’s cross-border payment solutions.

Corporate Strategy and Growth Focus

Sparta has publicly stated that it is concentrating on developing high-growth prospects while maintaining a core group of established goods and services. The company has emphasized streamlining operations and focusing on areas such as private credit, blockchain-based trade platforms, mobile applications, e-commerce, wellness supplements, and cryptocurrency payment solutions. Management communications describe a goal of expanding into markets that the company views as promising and using its subsidiaries to introduce new products and services.

Through its joint venture with WeDev Group and the development of EZBroker360, Sparta aims to address specific challenges in the Brazilian import and export market, such as slow payment settlements, high transaction costs, and complex tax and compliance requirements. At the same time, its municipal leasing, mobile technology, e-commerce, and wellness operations provide additional revenue-generating activities that are distinct from, but complementary to, its fintech initiatives.

Regulatory Filings and Public Company Status

Sparta Commercial Services, Inc. files periodic reports with the U.S. Securities and Exchange Commission. The company has submitted notifications of late filing (Form 12b-25 / NT 10-Q) for certain quarterly periods, explaining that additional time was needed to complete financial statements and obtain review by accountants and attorneys. In those filings, Sparta stated its intention to file the related Form 10-Q reports within the allowed extension period.

Summary

Overall, Sparta Commercial Services, Inc. (SRCO) presents itself as a diversified fintech and technology company with operations in private credit and trade finance, municipal equipment leasing, mobile and web solutions, e-commerce retail, wellness supplements, and cryptocurrency payment processing. Its Agoge Global USA subsidiary and EZBroker360 platform are central to its strategy in cross-border trade finance for Brazilian importers and exporters, while iMobile Solutions, New World Health Brands, Sparta Crypto, and ZooZilo contribute to its broader presence in technology, consumer products, and digital payments.