Fintech Sector Reports

psss. want annual reports you can read in 30 seconds?
UPAY
Filing Date: 2024-07-15
TL;DR
  • 💼 Business Focus: Provides loan management software in South Africa and the US.
  • 📉 Revenue Drop: Saw a decrease in revenue to $257,249 for the quarter.
  • 🔄 New Ventures: Acquired Huntpal LLC and AML GO (Pty) Ltd.
  • 🌱 Sustainability: Committed to environmental initiatives and compliance.
Major Announcements

UPAY announced the acquisition of Huntpal LLC and AML GO (Pty) Ltd. They also launched a new website for Huntpal, targeting the US hunting and adventure travel industry.
Lever Global Corp
Filing Date: 2024-07-23
TL;DR
  • 📉 No Significant Revenue: The company did not generate significant revenues in 2023.
  • 🚀 App Launch: Soft-launched their app in 2022, with a full launch planned for 2024.
  • 💰 Financial Struggles: Operating losses and need for additional capital.
  • 📈 Growth Plans: Focused on expanding user base and entering new markets.
Major Announcements

The company announced plans to officially launch the Lever App in the App Store and Play Store in 2024. They also plan to raise significant additional capital to support their growth.
Netcapital Inc.
Filing Date: 2024-07-29
TL;DR
  • 💼 Business Model: Netcapital helps private companies raise money online.
  • 📉 Revenue Drop: Revenue decreased from $8.49 million in 2023 to $4.95 million in 2024.
  • 🌍 Market Expansion: Focus on growing in emerging markets.
  • ♻️ Sustainability: Committed to environmental initiatives and social impact.
Major Announcements

In 2024, Netcapital announced the launch of a beta version for a secondary trading platform and applied for a broker-dealer license. These initiatives aim to expand their service offerings and improve liquidity for investors.
BM Technologies, Inc.
Filing Date: 2024-08-14
TL;DR
  • 📉 Financial Loss: Net loss of $4.8 million in Q2 2024.
  • 💡 New Tech: Launched NextGen technology platform.
  • 📈 Revenue: Revenue increased by 10% in the first half of 2024.
  • 🌍 Market Expansion: Focus on expanding digital banking services.
Major Announcements

BM Technologies announced the launch of its NextGen technology platform, which is expected to significantly improve customer experience and operational efficiency.
LESAKA TECHNOLOGIES INC
Filing Date: 2024-09-11
TL;DR
  • 📈 Revenue Growth: Revenue increased to $564.2 million in 2024.
  • 💡 New Acquisition: Announced the acquisition of Adumo, enhancing market presence.
  • 🌍 Market Expansion: Expanding into Kenya, Namibia, Botswana, and Zambia.
  • 🌿 Sustainability Goals: Focus on financial inclusion and digitalization.
Major Announcements

In May 2024, Lesaka announced the acquisition of Adumo RF (Pty) Ltd, which is expected to close in October 2024. This acquisition will strengthen Lesaka's position in the Southern African fintech sector.
psss. want annual reports you can read in 30 seconds?