TechFinancials sees revenues drop 15% in 2H-2015 as it faces a CySEC AML fine LeapRate

May 26, 2016 BY LeapRate Staff

TechFinancials sees revenues drop 15% in 2H-2015 as it faces a CySEC AML fine

Binary platform provider and operator TechFinancials Inc (LON:TECH) reported its 2015 financials today, indicating a fairly slow second half of the year amid tough conditions for regulated binary options brokers. For the full year 2015, TechFinancials saw Revenues of $13.6 million, down 12% from 2014. The company's revenue decline which it saw in the first half…

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…

February 03, 2016 BY Maria Nikolova

TechFinancials forms JV with Hong Kong's IBID Holdings

Less than a month after binary platform provider and operator TechFinancials Inc (LON:TECH) completed formation of a joint venture with the owners of Optionfortune Trade Limited, a company registered in Hong Kong to operate a B2C binary options trading platform focused on the Asia Pacific region, TechFinancials makes another move towards beefing up its binary options…

November 19, 2015 BY Maria Nikolova

TechFinancials' shareholders approve proposals regarding Hong Kong binary options JV

Shareholders in binary platform provider and operator TechFinancials Inc (LON:TECH) have voted in favor of proposals regarding the financing of the new binary options joint venture whose establishment was agreed with Hong Kong-registered Optionfortune Trade Limited in October this year. At a General Meeting held earlier today all resolutions put to shareholders were duly passed. This means…

October 28, 2015 BY Maria Nikolova

TechFinancials' shareholders to vote on financing of Hong Kong binary options JV on Nov 19th

Binary platform provider and operator TechFinancials Inc (LON:TECH) has scheduled a General Meeting of shareholders for November 19, 2015. The main purpose of the meeting, to be held at 11:00am at the offices of Grant Thornton UK LLP, 30 Finsbury Square, London EC2P 2YU, will be to get shareholder consent for an amendment to the…

September 17, 2015 BY Maria Nikolova

TechFinancials stays downbeat on FY 2015 prospects, as OptionFair weighs on results

The company confirms that it will not be able to meet profit and revenue forecasts for the year to December 31, 2015, as its binary options brands OptionFair fails to deliver anticipated level of business.

August 21, 2015 BY LeapRate Staff

TechFinancials shares drop 25% after Revenues disappoint for first half 2015

Binary platform provider and operator TechFinancials Inc (LON:TECH) saw its shares tumble more than 25% Friday after a Trading Update revealed disappointing Revenues for the first half of 2015. TechFinancials - which sells a turnkey binary options platform solution and also operates its own regulated binary options brokerage OptionFair - said that first half revenues…

August 21, 2015 BY Maria Nikolova

Tag: TechFinancials Inc (LON:TECH)