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 Urbanion Aug 10, 2021 3:58pm

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Post# 33679672

RE:RE:RE:RE:RE:RE:RE:RE:Bnxa

Not sure what the intect is on the financing part... I thought a posion pill perhaps... but company needs to note what that is....

Last report was that BNXA had $25 million cash on hand, which included the $15 million $4.00 a share private placement.

So, do not know why BNXA even did the private placement

But like VYGR who did cheap finacning at $7.00 per share for $58 Million, BNXA probably took advantage of the market at the time. Glad they kept it to $15 Million and not $58 Million ....

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