Tag: MarketFinancials

TechFinancials converts loan into Footies
October 01, 2019 BY Valentina Kirilova

TechFinancials provides an update to the MarketFinancials deal

Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) has today provided the market with another update relating to the sale of its shareholding in MarketFinancials Limited (MF). The Company has agreed to extend the completion date of the conditional Share Purchase Agreement to sell its entire holdings in MF, a non-core loss-making asset, for €100,000…

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 converts loan into Footies
December 21, 2017 BY LeapRate Staff

TechFinancials gets another $1.1 million payout from China binary options JV DragonFinancials

It looks like TechFinancials Inc (LON:TECH) isn't done quite yet with the Binary Options business. TechFinancials announced that it has received dividends totaling $1.46 million from two subsidiaries - $1.12 million from its 51% owned joint venture DragonFinancials, which operates a China-focused binary options brokerage business, and $340,000 from its (formerly) fully owned subsidiary MarketFinancials, which provides…

Read more