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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

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

Comment by Tuco110on Mar 20, 2021 2:17am
343 Views
Post# 32844294

RE:CATCH OF THE DAY

RE:CATCH OF THE DAYIf you look at previous quarterly reports it seems BNXA revenue is approximately 4% of TTV. If they can score $90mil in TTV for March we'd be looking at about $8.5mil in rev. Hopefully they can average $100mil TTV for the rest of 2021(at a minimum) that's $1.1bil TTV, $900mil +$215mil. At 4% margin that's $44mil. Standard valuation multiple is 20 times revenue, 20 x $44mil is $880mil market cap valuation, $22/sh.
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