Fintech SPAC Boom Could Ignite Existing Fintechs Like IQST
October 19 2020 - 11:11AM
InvestorsHub NewsWire
October 19, 2020 -- InvestorsHub NewsWire --
via pennymillions/IQST -- This past summer saw multiple special purpose
acquisition company (SPAC) IPOs targeting the Fintech
market:
Fintech catching up on the recent SPAC IPO
boom
The
acquisitions to be made by these SPACS are still on the
horizon. Once those acquisitions start to hit, small public
companies already in the Fintech sector could catch the wave to be
generated by the coming Fintech SPAC
mania.
The
Electric Vehicle (EV) sector has already demonstrated this trend
where EV SPACs generate overall sector enthusiasm that is reflected
in existing small public companies already in the sector.
Alternet Systems, Inc. (ALYI),
for instance, a small start-up electric mobility company focusing
on the electric vehicle market in Africa saw its PPS go from sub
penny to $0.05.
iQSTEL, Inc.
(IQST)
a fully reported public company with audited financials, has been laying down record
revenue growth. IQST recently announced setting yet another
service level record in the month of September delivering 14.5
million service minutes compared to 12.7 million the month
prior. The company reported $4,067,807 in 2016, $7,615,819 in
2017, $13,775,361 in 2018, and $16,327,871 in 2019.
Management confidently anticipates reporting another year of
dramatic revenue growth for
2020.
At the same time
that IQST’s core revenue continues to grow dramatically, the
company recently announced the official launch of its new Fintech
Division.
Below are of some of
the targeted Fintech products and services designed specifically
for the global immigrant population:
* Send money
domestically and internationally with low
fees.
* Send money via SMS
using a customized SMS service (smartphone not
required).
* Pay utility bills
with minimal payment fees (mobile, electricity, gas
services).
* VISA debit card
solution.
Now could be a good
time to start accumulating IQST in anticipation of a coming Fintech
SPAC boom.
By Paul Martin
Other stocks on the move today:
CTYX,
HALB, and OPTI
SOURCE: pennymillions/IQST
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