|
|
|
MELBOURNE, AU / ACCESSWIRE, 2020年2月12日 - (JCN 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
Sectors: Exchanges & Software, Funds & Equities, Blockchain Technology, PE, VC & Alternatives, Legal & Compliance
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
Internationally Renowned Botulinum Toxin Experts Join WizMedi Bio's New Botulinum Toxin Development Project
Apr 26, 2024 14:34 HKT/SGT
|
|
|
スパークス・グループによる「宇宙フロンティア2号ファンド」の設立について
Apr 26, 2024 14:00 HKT/SGT
|
|
|
トヨタ、2023年度 販売・生産・輸出実績を発表
Apr 25, 2024 16:16 HKT/SGT
|
|
|
《"株のアルゴリズム取引"を個人投資家も実現可能に!》 株の自動売買アプリ「Trade Stand(トレスタ)」が 大幅アップデートを発表
Apr 25, 2024 12:00 HKT/SGT
|
|
|
三菱重工、タイの超大型複合火力発電所プロジェクトでM701JAC形GTCCの7系列目が運転開始
Apr 24, 2024 14:30 HKT/SGT
|
|
|
トヨタ・モビリティ基金、「自転車事故削減に向けた新たな官民連携のあり方」に関するシンポジウムを開催
Apr 24, 2024 14:00 HKT/SGT
|
|
|
Honda、新型SUV「WR-V」受注状況について
Apr 24, 2024 10:00 HKT/SGT
|
|
|
三菱みなとみらい技術館に「空・宇宙ゾーン」を新設、リニューアルオープン
Apr 24, 2024 10:00 HKT/SGT
|
|
|
China Medical System: New Drug Application of Desidustat Tablets Accepted in China
Apr 23, 2024 23:06 HKT/SGT
|
|
|
「富士通SX調査レポート2024」を公開、サステナビリティ経営成功のカギはデータ利活用
Apr 23, 2024 10:00 HKT/SGT
|
|
|
|
More Press release >> |
|
|
|