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.

TSXV:BNXA - Post by User

Banxa Holdings Inc > BNXA

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Comment by YoEdweston Feb 24, 2021 12:50pm

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Post# 32647875

RE:BNXA

hey Urb, you are tlaking about NetCents right ?
they lost $7m in 2020 as per their IR deck and are at $1.06 today ?
I'm sure BNXA is undervalued but I'm also just as sure that NC is overvalued so the comparison is complex

Banx has half the float and 5x the TTV (and I'm not convinced user deposits generate gm)
using identical margins, sga & fixed costs, I see Banxa fmv of around $3 at January trending ttv and NC at close to -$2 (ya neg) using the same eps multiplier

thanks for all your input

edw

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