Banxa Holdings Inc V.BNXA

Alternate Symbol(s): BNXAF

Financial Services

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.

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Banxa Holdings Inc > news Q2 financials and explosive top line growth

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Post by YoEdweston Feb 25, 2021 9:09am

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Post# 32656364

news Q2 financials and explosive top line growth

remember recfent events won't hit the books until Q3

Banxa Reports Second Quarter Financial Results and Record Setting Revenue

Highlights:

Total Transaction Value (TTV) for December 2020 six months period increased by 780% to $195m from $25m for the same period in 2019
Revenue for the six months period increased by 124% to $7,399,281 from $3,308,586 for the same period in 2019
Revenue for the three months period increased by 228% to $4,496,380 from $1,371,529 for the same period in 2019
Adjusted EBITDA Profit of $95,959 for the three months period ending December 2020
December 2020 Quarter vs September 2020 Quarter TTV growth increased by 32% from $84m to $111m
$12.8m in Current Assets (Cash, Accounts Receivable and Coin Inventory)
Increase in Inventory holding; 136 Bitcoins as of December 31, 2020