- FEXD’s aggressive expansion plan not only lines up with its core mission but is also a step toward carving out a significant market share in the global fintech market, which is projected to hit $500 billion in valuation by 2028
- The company is exploring blockchain technology, banking on how easier access to mobile phones has helped make money transfers more accessible
- FEXD is also optimistic that the technology it will not only cut down on the cost of transactions but also significantly grow its annual revenues
- Its management is confident in this approach, citing that the investments so far will give the company a “solid competitive position”
Fintech Ecosystem Development (NASDAQ: FEXD), a special purpose acquisition company (“SPAC”), is constantly exploring new ways to grow and improve the financial sector, specifically in line with creating and growing a global financial services ecosystem that addresses unmet mobile needs. Its focus has been on industrialized and developed countries and markets, all built on the understanding that digital money is fast replacing physical cash.
To this effect, FEXD has embarked on an aggressive acquisition plan that has seen the announcement of definitive agreements for business combinations with companies such as Rana Financial Inc., a Georgia corporation, and Mobitech International LLC, a limited liability company organized in the…
NOTE TO INVESTORS: The latest news and updates relating to FEXD are available in the company’s newsroom at https://ibn.fm/FEXD
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