|
|
|
|
|
MELBOURNE, AU / ACCESSWIRE, Feb 12, 2020 - (ACN Newswire) - Corporate advisory and investment firm Shape Capital announced today that its Brisbane based client SQID Technologies Limited successfully completed listing on the Canadian Securities Exchange "CSE" on January 21, 2020 under the symbol CSE:SQID.
SQID is a payment processor enabling merchants to receive debit or credit card payments. For the fiscal year ended June 2019, SQID reported total transaction value of $163 million and revenues of $5,403,525 and profit before income tax of $1,147,722 reflecting a 72% increase in revenues and 85% increase in its profit before income tax over the same period for the fiscal year 2018.
A team of advisors handled the listing with Shape Capital acting as the Australian corporate advisor to the transaction in collaboration with TriPoint Global Equities/BANQ(R) in NY and Australian based First Growth Funds Limited.
"Listing Australian companies on the CSE is cost effective and a more streamlined process compared to listing on the ASX. The CSE provides Australian companies with a great launch pad into North America to gain market exposure, access to new investors and help create shareholder value, said Anoosh Manzoori, CEO of Shape Capital."
SQID's technology provides merchant services and transaction processing to business merchants and ecommerce customers across both 'Business to Business' (B2B) and 'Business to Consumer' (B2C) segments to bridge both retail and wholesale transactions through its platform. Its technology is powerfully structured to allow layered access to payment and merchant transaction data, and integrates these retail and wholesale layers (creating many separate customer nodes within the network), providing split settlements between each layer. This provides a broad platform for commission structures and transaction-based rewards that are settled at the same time as the underlying transaction is settled. The business model is applicable to significant business channels including affiliate marketing, rewards programs, franchises, marketplace apps, agencies, etc.
SQID has established itself as a relationship payment provider and payment facilitator in the Payment Processing industry, which specialises in delivering ecommerce solutions to businesses that have their 'card-not-present' commercial outcomes dependent on two or more businesses. This has delivered sizeable growth in revenue as the model is based on engaging one referrer who then refers additional merchants. The Company has concentrated on building relationships with merchants and providing incentives to merchants for referrals to new business opportunities. This has resulted in substantial growth with minimal overhead and resources.
The SQID business has a proven business model of delivering sustained profitability over time. Revenue growth has been achieved through strong growth from merchants in industries related to training and education.
For further information please visit the company's corporate website at www.sqidpay.com.
About Shape Capital
Shape Capital is an investment and corporate advisory firm that positions, prepares and shapes clients for specific events, including mergers and acquisitions, capital raisings and IPOs. As an independent advisory firm, Shape Capital advises private and public companies and has extensive experience in cross-boarder transactions with a strong focus on the technology sector. Shape Capital works with high growth companies to assist with strategy, timing, structure, valuation, and provides access to a large global network of investors. Shape Capital holds an Authorised Corporate Representative of an Australian Financial Services License (AFSL) with head office in Melbourne, Australia. For more information, please visit http://www.shape.capital
For further information please contact:
Anoosh Manzoori
CEO
Shape Capital Pty Ltd
Level 8, 90 Collins Street,
Melbourne, Victoria, 3000, Australia
m. +61.3.966 6338
e. anoosh@shape.capital
or:
SQID Directors: Peter Hall / John O'Connor
investors@sqidpay.com
SOURCE: SQID Technologies Limited (SQID)
Topic: Press release summary
Source: SQID Technologies Limited (SQID)
Sectors: Exchanges & Software, Daily Finance, Funds & Equities, PE, VC & Alternatives, Legal & Compliance
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Affiliate of Pacific Avenue Capital Partners Completes Acquisition of Care.com from IAC
Mar 19, 2026 15:15 HKT/SGT
|
|
|
MHI Thermal Systems Expands Lineup of Air-to-Water Heat Pumps for the European Market
Thursday, March 19, 2026 2:14:00 PM
|
|
|
HKTDC launches GreenBiz HK campaign in Bangkok
Mar 19, 2026 13:33 HKT/SGT
|
|
|
DENSO Invests in Next Core Technologies to Enhance Performance of Electric Vehicles
Thursday, March 19, 2026 1:25:00 PM
|
|
|
NEC Completes Design of Equipment for Technology Demonstration Satellite Aimed at Creating Japan's First Optical Communication Satellite Constellation
Thursday, March 19, 2026 10:05:00 AM
|
|
|
Eisai: Regarding Discontinuation of Administration of "Tazverik(R) Tablets 200mg" (tazemetostat hydrobromide)
Thursday, March 19, 2026 9:54:00 AM
|
|
|
Hitachi is recognized as one of the World's Most Ethical Companies(R) for a second consecutive year
Thursday, March 19, 2026 9:41:00 AM
|
|
|
Aleen Inc. Insights: Exploring LOINC Standard to Enhance Wellness Data Consistency
Mar 18, 2026 23:40 HKT/SGT
|
|
|
Illuminance announces global expansion and launch of its international platform
Mar 18, 2026 23:20 HKT/SGT
|
|
|
COSCO SHIPPING Ports Announces 2025 Annual Results
Mar 18, 2026 18:36 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
