StockWireNews
(FDCT) Update: Today's Fintech Past Champ Trends Green Early, Dropped Major News This Week
June 18th
Good Morning,
FDCT is trending green early today and requires your immediate attention.
Yesterday, the company released this major press release that could draw major attention to this fintech profile:
FDCTech's Subsidiary Genesis Financial, Inc. Reaches Agreement to Sell Mortgage Broking Business for Over $1.75Mn
Could this news be triggering today's early green trend?
At this moment, FDCT is trading above 3 key lines of potential support:
- 5-Day Simple Moving Average
- 20-Day Simple Moving Average
- 50-Day Simple Moving Average
This could be a major sign that FDCT is heating up...
If you haven't read my initial report below, do so now and get FDCT on your radar now.
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Let's dive in because there is a ton to digest.
Previously, I brought a different past champ profile to your attention for the morning of January 27th, 2021.
That day it opened at $.3480 and shot to a high of $.44 for a 26% move.
But it didn't stop there...
Fast-forward to February 10th. On that day, roughly 2 weeks after my alert, this profile hit a 52-week high of $.945.
Let's do some quick math. In about 2 weeks, this profile rocketed 171%.
I agree. Wow.
Do you know what else has been exploding in record breaking fashion? The crypto markets.
In case you haven't been following in 2021, Bitcoin and many other altcoins soared to new highs.
In fact, just a few months back, Bitcoin rocketed to over $63K.
It was less than 12 months ago that BTC was trading around the $10K mark at the beginning of October 2020.
There was even a time recently when Berkshire Hathaway's CEO, Warren Buffett, once famously mocked BTC as “probably rat poison squared."
But, here we are roughly 11 years in from its initial creation and BTC couldn't be a more talked about subject.
Are We Still In The Early Stages Of The Crypto Revolution?
Many signs are pointing to yes.
Throughout 2020, we watched as the Dow Jones Industrial Averages blazed a way to record highs along with news highs for the spot price of gold.
Long story short, people are inves ting and are looking for new ways to make a return on their hard-earned money.
And, it's not just retail. Institutional money is now joining the game.
“Bitcoin price is being driven by institutional money and there is not enough supply,” Laurent Kssis, managing director at 21Shares, told CoinDesk. “The number of family offices asking to inv est in our ETP is just staggering. I’ve never seen this before. In 2017 it was just retail knocking at the door now it’s only institutional."
Seeing that were in the throws of a crypto-craze, I want you to get this profile back on your radar again now:
*FDCTech, Inc. (FDCT)*
FDCTech, Inc. is a US-based, fully integrated financial technology company. FDC develops and delivers a full suite of technology infrastructure solutions to FX, Crypto, Wealth Management, and other future-proof fin-ancial sectors.
The Company’s flagship product is the Condor FX Pro Trading platform, a fully customizable multi-asset trading platform for forex, crypto, st-ocks, and commodities.
And here's why you need to pay attention to FDCT now:
No. 1 Potential FDCT Driver Indicator - Transformative Acquisition This Month
FDCTech Completes Transformative Acquisition of Genesis Financial, Inc.
The acquisition of Genesis Fin-ancial is a step-change in creating a diversified global fin-ancial services company with annualized revenue of $15Mn and well-positioned for long-term growth through FDCTech's proprietary Condor trading infrastructure, complementary multi-jurisdiction regulatory licenses, proven executive team, and pipeline of potential acquisitions.
Irvine, CA, June 07, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech company with a full suite of digital fin-ancial services solutions, today announced that it had entered into a purchase agreement ("Agreement") under which the Company will acquire up to 100% equity interest in Genesis Fin-ancial, Inc. ("GFNL") in a st-ock-for-st-ock transaction.
Under the terms of the Agreement, GFNL shareholders will receive 70Mn shares of the Company, representing an equity value of approximately $35Mn based on a $0.50 per share price. The board of directors of each of the Company and GFNL has approved the transaction. Accordingly, the GFNL board recommended that GFNL st-ockholders approve the transaction and adopt the merger agreement effective June 2, 2021. The GFNL st-ockholders voted all of GFNL shares in favor of the transaction at the special meeting. Under the Agreement, the Company entered into a voting agreement with certain st-ockholders of GFNL common st-ock. Accordingly, the GFNL shares subject to the Agreement represent approximately 96% of the current outstanding equity interest and voting power of the GFNL common st-ock.
The acquisition highlights include but not limited to:
- Topline growth with annualized forecasted revenue run-rate of over $15Mn in fees from wealth management and tax/accounting advisory business.
- Advising $540Mn funds under advisement (FUA) and managing $62Mn funds under management (FUM) through approximately 114 licensed advisers and implementing the digital platform.
- Access to the Australian Fin-ancial Services License (AFSL) enables the Company to provide a wide variety of fin-ancial services, including but not limited to fin-ancial product advice for various asset classes and deal in fin-ancial products with retail and wholesale clients.
- Access to the Australian Credit License (ACL) enables the Company to provide aggregator, mortgage, and finance broker services for various loans, leases, and C.C. services.
- Access to the Australian wealth management market, which is the fourth-largest in the world valued at over $2.1Tn, and other Association of Southeast Asian Nations (ASEAN), a group of ten nations with favorable trade and regulatory relationships with Australia.
- A platform to execute the Company's merger & acquisition strategy in the Australian independent dealer group market to add significant revenue growth, FUA, FUM, and other economies of scale.
- Ability to upgrade AFSL license to FX/CFDs brokerage license under Australia Securities and Investments Commission (ASIC) by meeting net tangible assets and other te-rms and con-ditions.
"We are pleased to achieve this transformative milestone for the Company, its employees, shareholders, and the clients we serve," said Mitchell M. Eaglstein, Co-Founder and CEO, FDCTech. He further added, "Our new GFNL colleagues should be commended for their efforts, along with those of our team, to achieve this turning point for the Company. As a result, the new direction will create a fintech driven well-diversified fin-ancial services powerhouse with the focus on high growth fin-ancial categories, with a global footprint, and access to US capital markets."
Please visit our SEC filings or Company's website for more information on the full results and management's plan.
Read the full article here.
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No. 2 Potential FDCT Driver Indicator - Major Software Integration With Flagship Platform
FDCTech partners and integrates award-wi-nning SkaleCRM software with Condor FX Trading Platform
SkaleCRM is a leading and award-wi-nning third-party customer revenue management (CRM) solution for FX Brokerages. Skale provides business solutions to over 90 plus FX Brokers worldwide.
Irvine, CA, June 11, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech company with a full suite of digital fin-ancial services solutions, today announced that it has partnered and successfully integrated SkaleCRM with Condor FX Pro Trading Platform. The Skale CRM is powered by Fintech Solutions Limited (“Fintech Solutions”) based in Herzliya, Israel. Fintech Solutions provides software solutions, inter-alia, development, design, and web solutions for retail FX brokerages and provides back-office solutions and CRM integration with third-party trading technologies such as the Condor FX Pro Trading platform.
The collaborative effort between the two companies aims to provide cross-selling opp's for the Company to offer the Condor FX Trading platform with SkaleCRM to its network of FX brokers. In addition, FDC's Condor FX Pro Trading platform licensees will handle and automate various customer management processes using SkaleCRM software solutions. On the other hand, the partnership and successful integration allow Fintech to present the Condor FX Trading platform in its Skale FX Marketplace for potential licensing deals with the Company.
"I am are very pleased to announce our collaboration with the FDCTech and the addition of their flagship trading platform, Condor FX Pro, to the Skale FX Marketplace. Using the 'plug-and-play' Skale FX Marketplace, we have connected our brokers to the best of breed trading platforms and trading-related applications. Condor FX Pro is another best-of-breed platform allowing traders a true multi-asset trading experience. In these competitive times, each broker is looking for that edge to gain clients, and Condor FX Pro might be the solution for many brokers. This is a big addition to the Skale family of platforms supported, and we thank FDCTech for trusting in us to deliver excellence to their clients," said David Nussbaum, Skale Founder, and CEO.
"SkaleCRM is the leading client portal and revenue optimization tool for FX brokers to seamlessly provide access to the world's leading platform and payment solutions. FX brokers can select and license Condor FX Pro Trading Platform via Skale FX Marketplace and immediately offer thousands of trading symbols across multiple asset classes into customizable web, mobile, and desktop trading terminals. In addition, FDC as a trusted trading platform technology provider, allows FX brokers to add platform functionality on the fly to enable them to invest in their brand," said Mitchell Eaglstein, Co-Founder and CEO of the Company.
Please visit our SEC filings or Company's website for more information on the full results and management's plan.
Read the full article here.
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No. 3 Potential FDCT Driver Indicator - Accepting Bitcoin As Customer Payment
FDCTech Accepts Payment in Bitcoin (BTC) as Market Acceptance of Digital Currency as a Medium of Exchange Grows Rapidly
Irvine, CA, March 03, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech company with a full suite of FX technology and business solutions, today announced that it is accepting Bitcoin (BTC) as a customer payment option. This initiative will allow non-US customers to seamlessly pay technology and software development fees while avoiding the financial intermediaries and transaction fees associated with payment using local currencies. To those customers choosing to pay in Bitcoin, FDC will offer discounts for any invoice over ten thousand ($10,000). The ease of cross-border payments via BTC also reduces the set-up time for non-US customers.
The Company sees several benefits to adopting BTC as a payment method – faster payment, decreased chargebacks and reduced transaction fees. The overall transaction fees can rise to 4% of the invoice amount if paid through bank cards via a third-party. Further, the Company may avoid the costs associated with managing multiple currency accounts for non-US customers. As more and more clients adopt and accept cryptocurrency, the Company expects cash flow to benefit from faster settlement and significantly reduced credit risks since bitcoin payments require funds to be present in digital wallets at the time of the payment.
The Company expects to expand its services in developing economies where the uncertainty of CV19 brings the potential for currency volatility. For businesses operating in these countries, the use of bitcoin, a digital currency with a universal settlement, offers an attractive alternative to holding currency balances that may be subject to adverse movements in local currencies.
FDCTech is a business based in the United States, and as such, holds most of its liquid assets in USD at an FDIC-ins. institution.
Read the full article here.
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No. 4 Potential FDCT Driver Indicator - Adding PayPal To Condor FX Pro
FDCTech adds a leading payment gateway to Condor FX Pro Trading Platform
Irvine, CA, Jan. 27, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech company with a full suite of FX and Crypto technology and business solutions, today announced that it had added PayPal – the leading payment gateway to Condor FX Pro Trading Platform. Consequently, FX/Crypto traders can fund their trading account with small to large payments instantly and securely while keeping transaction fees lower and following all regulatory policies, and adhering to strict international Anti-Money Laundering laws.
FX/Crypto brokers widely offer PayPal to fund trading accounts. PayPal connects the trader's forex account with their bank card or bank account. PayPal is used in over two hundred countries and has 346 million active accounts worldwide.
PayPal's announcement in October 2020 to allow customers by early 2021 to buy, sell and hold bitcoin and other virtual coins using the digital payments company's online wallets may enable Cryptocurrency as a funding source for funding FX/Crypto trading accounts worldwide. The trend appears positive for FX/Crypto brokers as Cryptocurrencies tend to be volatile, making them attractive to speculators and margin traders.
Read the full article here.
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No. 5 Potential FDCT Driver Indicator - Low Float
According to Yahoo Finance, FDCT has a small float.
The website reports this profile to have 34.27Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
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More About FDCTech, Inc. (FDCT)
With a full suite of FX and Crypto technology and business solutions, FDCTech, Inc. (FDCT), the company’s flagship product is the Condor FX Pro Trading platform, which is a fully customizable multi-asset trading platform for forex, crypto, sto-cks, and commodities.
