Tag: CEDEX

techfinancials
March 26, 2020 BY Steffy Bogdanova

TechFinancials issues Cedex update and board changes

Additionally, TechFinancials announced that Eitan Yanuv will move from independent Non-Executive Director to Non-Executive Chairman of the Company effective 1 April 2020. Yanuv has been Chairman of the Audit Committee for 5 years and has substantial experience in the company. His predecessor, Chris Bell, has been the Non-Executive Chairman since IPO and is now stepping…

Read more
TechFinancials converts loan into Footies
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…

Read more
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…

Read more
TechFinancials sells its holding in MarketFinancials to Proverial Ltd
February 06, 2018 BY LeapRate Staff

TechFinancials cancels sale of OptionFair and Binary Options holdings

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has cancelled the planned sale of its Binary Options holdings, after the buyers were unable to secure the necessary regulatory approvals for the deal by a self-imposed deadline of January 31, 2018. As we reported in late November, TechFinancials came to an…

Read more
Cedex blockchain diamond exchange
December 28, 2017 BY LeapRate Staff

TechFinancials puts more cash into Blockchain based online diamond exchange Cedex.com

After receiving more than $1 million in dividends from its China JV DragonFinancials, binary options platform provider TechFinancials Inc (LON:TECH) is continuing its diversification away from binaries by plowing some of that cash into its Cedex.com joint venture. As we reported in October, TechFinancials set up Cedex.com as a JV with private banking expert Saar Levi. Cedex (CErtified…

Read more
TechFinancials sells its holding in MarketFinancials to Proverial Ltd
November 24, 2017 BY LeapRate Staff

TechFinancials sells OptionFair binary options brand for $400K as it focuses on Blockchain and Crypto technologies

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) is getting out of the broker side of the business. TechFinancials today announced that it has agreed to sell its CySEC licensed subsidiary B.O. TradeFinancials Limited which operates the OptionFair binary options brokerage brand, as well as another related subsidiary MarketFinancials Limited, to a Cyprus incorporated company called…

Read more