TORONTO, April 29,
2024 /CNW/ - Fintech Select Ltd. ("Fintech
Select" or the "Company") (TSXV: FTEC) is pleased to
announce its financial results for the fiscal year ending 2023,
reporting a net income of $329,212
mainly driven by operational activities. This contrasts with a net
income of $1,196,385 for the
preceding fiscal year, primarily driven by a gain on
settlement.
Under the leadership of Fintech Select's management, the Company
achieved a significant milestone in revenue generation, reaching
$3,822,182 for fiscal year 2023,
compared to $2,587,867 in 2022.
Management is confident this 47% increase on a year-over-year basis
vindicates the Company's emphasis on leanness and remaining
laser-focused on evolving customer needs.
"We are thrilled to report such strong financial results for the
fiscal year 2023," said Mohammad
Abuleil, CEO of Fintech Select. "These outcomes are a
testament to our strategic initiatives, operational efficiencies,
and unwavering dedication to delivering value to our customers and
shareholders."
About Fintech Select Ltd.
Fintech Select is a provider of robust and disruptive
Pre-Paid Card programs and e-wallet payment solutions. Fintech
Select has enabled these core assets, which operate through
separate divisions to work together harmoniously, to create a new
and ubiquitous environment for consumers and businesses
alike. Fintech Select also operates an international
call centre that provides fulfillment and customer service support
to customers across all the company's platforms. Our mission is to
provide customers with choice, convenience and cost-effective ways
to facilitate traditional and crypto financial
transactions.
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https://www.linkedin.com/company/fintechselect/
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Information:
This news release
contains "forward-looking information" within the meaning of
applicable securities laws. Readers are cautioned to not place
undue reliance on forward-looking information. Actual results and
developments, such as the Company's ability to continuing improving
its net income position, may differ materially from those
contemplated by these statements. The statements in this press
release are made as of the date of this release. Fintech undertakes
no obligation to comment on analyses, expectations or statements
made by third-parties in respect of its securities, financial or
operating results (as applicable) or prospects as to the effective
implementation of strategies or initiatives or future revenue
levels. Fintech disclaims any intent or obligation to update
publicly any forward-looking information, whether as a result of
new information, future events or results or otherwise, other than
as required by applicable securities laws.
SOURCE Fintech Select Ltd.