TechFinancials announces a 42% YoY decrease in revenues in FY18 LeapRate

TechFinancials converts loan into Footies

June 20, 2019 BY Valentina Kirilova

TechFinancials announces a 42% YoY decrease in revenues in FY18

Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced earlier this week its results for the year ended 31 December 2018, and as expected, they don't look good at all. Financial Highlights Revenues of US$7.8 million (2017: US$13.4 million) a decrease of 42% Blockchain trading technology revenues of US$3.8 million (2017: US$0.24 million) increased…

January 16, 2019 BY Valentina Kirilova

TechFinancials sells its holding in MarketFinancials to Proverial Ltd

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has entered into legally binding, conditional Share Purchase Agreement (SPA) with the Cyprus incorporated company Proverial Ltd. The SPA is conditional inter alia on the consent of the SFSA which is to be received by no later than 30 June 2019. TechFinancials has informed that…

December 17, 2018 BY Valentina Kirilova

CySEC warns against Ace Trade Options and Binary Trade Plus websites

Cyprus financial regulator CySEC has become aware that the websites acetradeoptions.com and binarytradeplus.com, do not belong to an entity which has been granted an authorization for the provision of investment services. acetradeoptions.com and binarytradeplus.com are performing investment activities without the authorization to do so. Both websites illegally use the name and license number of the…

July 04, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of B.O. Tradefinancials Ltd

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on its meeting of 25th June 2018, has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 (ΝI87(I)/2017), as in force (‘the Law’), to wholly withdraw the Cyprus Investment Firm authorisation with number CIF 216/13 of the…

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