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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 Vancity1on Nov 17, 2024 8:26pm
50 Views
Post# 36317421

RE:$$$ ;

RE:$$$ ;They could use some cash but if they did a private placement around this valuation I'm seeing that as bullish because it gives them a runway into the future and alieviates some of the financial pressure. Although I do think that convertible debt at a low rate would be better. Also the fully diluted share count is very low and the company has been very careful about dilution in the pat 4 years so I don't imagine they would do a massive dilutive transaction at this point. 
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