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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 Urbanion Jun 09, 2021 10:10am
197 Views
Post# 33354486

RE:RE:BNXA

RE:RE:BNXARight BNXA does not seem to hav eany cash burn rate at this point. As revenues and the business model keep growing and more B2B and services are added .... More revenues will come sooner then later as well....

So why did BNXA do a $15 Million raise ?

That was the question back then as well....

Before that, it was projected that BNXA did NOT need to raise any additional capital... Clearly that is true and more Growth in the company is continuing

I guess when you are making cash and have another $25 Million in the Black ... that's good too !

BNXA is not getting the attention yeet it warrants as a market cap and not even given added share price increase to reflect the cash it has ... never mind a growing revenue model ....






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