Andre Itwaru and his stellar team at First Global (TSX,V: FGD)/ FSE: 1G5) have a knack for signing lucrative partnerships, none bigger than the one announced yesterday with LianLian. Click here (https://clicks.aweber.com/y/ct/?l=9xuzM&m=3dR_UCw2Iet7g7l&b=iRLN6jVn3682NJl4fanZiQ)
"First Global has partnered with LianLian Pay to launch a co-branded remittance service that enables Chinese living in the USA and Canada to make person to person international money transfers to China utilizing the social media messaging platform WeChat."
According to Wikipedia (https://clicks.aweber.com/y/ct/?l=9xuzM&m=3dR_UCw2Iet7g7l&b=ZDNZcvKS9ZgjFiek5Ifakw) , "WeChat is a social media (instant messaging (https://clicks.aweber.com/y/ct/?l=9xuzM&m=3dR_UCw2Iet7g7l&b=5M73Ut5DtyiQtcK40Wnelg) , commerce and payment services) application developed by Tencent (https://clicks.aweber.com/y/ct/?l=9xuzM&m=3dR_UCw2Iet7g7l&b=EavNNZuIDWLoMX_mfKdnSA) . It was first released in 2011 and by 2016 it was one of the largest standalone messaging apps by monthly active users with over 889 million active users. However, as of 2017, WeChat has not been successful in penetrating international markets outside of China."
We are pleased to share the interview with President Andre Itwaru on the LianLian deal:
Kal: Andre, congratulations on an epic fintech partnership.
The scale is indeed staggering--100 million potential users is a large number to comprehend. How long did it take to set up this innovative and disruptive remittance paradigm?
Andre: We met with LianLian in February and have worked steadily since to construct a disruptive mobile money transfer model that leverages China's largest social messaging platform, WeChat.
Kal: Please explain the mechanics of the money transfer/remittance. Is it that senders will be Chinese outside of China sending money to people in China?
Andre: Simply put within the messaging platform Wechat, an environment is being created whereby users will be able to send money to friends and family in China.
Kal: It sounds like LianLian pay is going to spend money to market this program.
Marketing to 100 million people and a ton of merchant partners and 1000 Outplacement Employment Agencies sounds intense.
Andre: LianLian is committed, that's clear. The remittance metrics are highly lucrative and therefore its worth spending some big dollars on marketing.
Kal: It's interesting that FGD lands a deal like this notwithstanding being a small Canadian Fintech enterprise.
Andre: FGD is a nimble organization and we are able to move quickly. For example, we were competing with 3 much larger enterprises for the LianLian businesses. At First Global we don't suffer from layers of hierarchy or bureaucracy and therefore we are able to accelerate while others are standing still.
Kal: How lucrative could this deal be for FGD?
Andre: Let's just say at even a 1% penetration on a monthly recurring basis, the revenue numbers will be large enough to satisfy even the most hardened fundamental investors.
Kal: Do you expect any more large and pleasant surprises from China?
Andre: You can expect to see many more partnerships globally. While China has become the de facto Global Fintech leader, there is much geography we are looking to cover and penetrate. We have a full blown user aggregation strategy in play and we are going after large numbers regardless of the geographic region.
Kal: Wow. Andre, you are indeed one of the most ambitious and proactive Ceo's I've come across in a very long time. So tell us Andre, what is your 'secret sauce'? Why are all these companies so willing to partner with FGD?
Andre: We have an incredible Fintech suite of capabilities that we have brought together to create a high value proposition for our many global partners.
Kal: So it's clear to see FGD has the fintech goods. Andre, you are doing a good job for your company and its' shareholders. Keep up the good work!
Best of luck and let's talk again soon.
We are looking forward to keeping you informed on future news and partnerships First Global announces.
Happy Investing!
Dr. Kal KoTECHa
Disclaimer
© 2010 Junior Gold Report and TechMoney360
Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report’s and Tech Money 360’s Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (TM360). No Guarantee as to Content: Although JGR/TM360 attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR/TM360, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site and receiving this email, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Junior Gold Report and TechMoney360 sites or accept this email. Consideration for Services: JGR/TM360, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR/TM360 as such our opinions are biased. We may hold potions in and trade these stocks of the companies we profile and as such our opinions are biased. In this case, we have been compensated 200,000 stock options of First Global Data vesting at $.45/$.50/$.55 over two years. JGR/TM360 and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR/TM360 has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. JGR/TM360 aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: JGR/TM360 is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR/TM360 is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR/TM360 may contain links to related websites for stock quotes, charts, etc. JGR/TM360 is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading and/or watching videos by JGR/TM360, you agree to hold JGR/TM360, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.
Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including "will", "believes", "may", "expects", "should", "seeks", "anticipates", "has potential to", or "intends' or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company's business model; future operations, products and services; the impact of regulatory initiatives on the Company's operations; the size of and opportunities related to the market for the Company's products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report/TechMoney360 does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.