TechFinancials reports 56% fall in revenues for the financial year LeapRate

June 19, 2020 BY Steffy Bogdanova

TechFinancials reports 56% fall in revenues for the financial year

TechFinancials invested resources in its subsidiary Footies for the development of a blockchain driven ticketing software and app, for Sports Venues and teams. Footies has continued to add new software components to serve Event Creators allowing them to establish and manage events while controlling the tickets. The Footies development expenses were included in the reports…

May 04, 2020 BY Steffy Bogdanova

Techfinancials gives termination notice to all its B2B brokerage services activities

TechFinancial also announced its separation agreement with Footies.Tech. As per the agreement, TechFinancial will buy all of the Footies.Tech shares at no cost, so that following the purchase TechFinancials holdings will increase from 82.5% to 100% of the issued share capital of Footies Ltd. on a fully diluted basis. Footies.Tech will, in return, receive the…

March 05, 2020 BY Steffy Bogdanova

TechFinancials converts loan into Footies

Fintech provider TechFinancials, Inc., announced that following 15 July 2019 funding agreement with for subsidiary Footies Ltd, the company has converted its $300,000 loan into 4,285 new shares of £0.01 in Footies Ltd. The transaction was at approximately $70.00 per share and amounted to valuation of US $1,000,000 post-money for Footies. After the transaction TechFinancials…

December 20, 2019 BY Valentina Kirilova

TechFinancials to remain listed only on NEX

Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced earlier this month that it is about to cancel the admission of the Ordinary Shares to trading on AIM and remain listed only on NEX. TechFinancials has taken the decision to make substantial adjustments to its operating structure and cost base while seeking to develop its newer…

December 03, 2019 BY Valentina Kirilova

TechFinancials to close DragonFinancials, focus business efforts in blockchain applications

Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced that they have decided to make substantial adjustments to their operating structure and cost base while seeking to develop its newer blockchain based businesses. The company's 51% owned B2C subsidiary, DragonFinancials has suffered from an increasingly challenging regulatory and business environment, resulting in losses which started in…

April 06, 2017 BY Valentina Kirilova

TechFinancials release annual results, revenue increase by 57% YoY to $21.3 million

Binary options platform provider and operator TechFinancials Inc (LON:TECH) today announced its results for the year ended 31 December 2016. The financial highlights are: Revenue increased by 57% to US$21.3 million (2015: US$13.6 million) Core software licensing revenue increased by 22% to US$10.4 million (2015: US$8.6 million) Trading platform revenues increased by 117% to US$10.9…

June 08, 2016 BY Mike Fox

TechFinancials invests $1.5M in APAC binary options joint venture

TechFinancials Inc (LON: TECH), a software developer that supplies binary option trading solutions to online brokers, announced the establishment of a joint venture with the owners of Optionfortune Trade Limited, a company registered in Hong Kong which would be responsible for running a B2C binary options trading platform focused on the Asia Pacific region. Under the…

February 22, 2016 BY LeapRate Staff

TechFinancials CEO Asaf Lahav adds to shareholding in company

LeapRate has learned via filings made with the London Stock Exchange that Asaf Lahav, CEO of binary options platform and operator TechFinancials Inc (LON:TECH), has added to his position in the company, albeit marginally. Filings show that Mr. Lahav bought 25,000 TechFinancials shares on February 18 (last Thursday) via an off-market purchase, at a price of 12p per…

January 05, 2016 BY Maria Nikolova

TechFinancials completes establishment of binary options JV in Hong Kong

Binary platform provider and operator TechFinancials Inc (LON:TECH) today updated on the formation of its binary options joint venture in Hong Kong. TechFinancials said that it has completed the formation of the JV with the owners of Optionfortune Trade Limited, a company registered in Hong Kong to operate a B2C binary options trading platform focused on the…

October 21, 2015 BY Maria Nikolova

TechFinancials forms Hong Kong binary options JV

Binary platform provider and operator TechFinancials Inc (LON:TECH) is growing bigger in the Asian market. The company has just reported that it has entered into a joint venture agreement with the owners of Hong Kong-registered Optionfortune Trade Limited, provider of binary options trading services. Under the terms of the agreement a new business entity will…

Tag: TechFinancials