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Friday, January 27, 2023

FDC Tech Inc (OTCMKTS: FDCT) Heats Up After Co Acquires 50.10% Equity Interest in Online Trading Brokerage Firm; NSFX Ltd (More on Condor Pro)

FDC Tech Inc (OTCMKTS: FDCT) is making a big move up the charts after the Company announced it has acquired a 50.10% equity interest in New Star Capital Trading Ltd., and its operating subsidiary NSFX Ltd, an online trading brokerage firm regulated by the Malta Financial Services Authority. NSFX trading platform services in the English, French, German, Italian, and Arabic markets, whereby customers can trade in currency, commodity, equity, and cryptocurrency-linked derivatives in real time. NSFX 2022 revenues were $17 million and the Company is debt free. 

FDCT does have a history of making big moves running to highs over $0.90 per share back in early 2021 when os was around 68 million shares but floundering since dropping below a penny shortly before the NSFX acquisition was announced. FDCT also acquired CIM Securities, LLC, a FINRA and SIPC member firm. On September 30, 2022, the Company paid a $20,000 non-refundable deposit and transferred $180,000 to the escrow account to complete the transaction. We will be updating on FDCT when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below. 

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FDC Tech Inc (OTCMKTS: FDCT) operating out of Irvine, California, FDCT is a fintech-driven acquisition company with a full suite of digital financial services solutions. FDC also develops and delivers technology infrastructure solutions to forex, crypto, wealth management, and other future-proof financial sectors. The Company provides customizable, innovative, and cost-efficient financial technology (‘fintech’) and business solutions to legacy financial services companies in the online regulated brokerages, wealth management, and cryptocurrency businesses (“customers”). 

FDCT intends to build a diversified global financial services company driven by proprietary Condor trading technologies, complementary regulatory licenses, and a proven executive team. The Company plans to acquire, integrate, transform, and scale legacy financial service companies. FDCT believes that its proprietary technology and software development capabilities allow legacy financial services companies immediate exposure to –forex, stocks, ETFs, commodities, crypto, social/copy trading, and other high-growth fintech markets. 

FDCT owns a 51% stake in AD Financial Services, an Australian-regulated wealth management company with 20 offices, 28 advisors, $530+ million funds under advice. ADS’ audited revenues, cost of sales, and gross profits were $5.91 million, $5.43 million, and $0.48 million for the fiscal year ended June 30, 2021. ADS’ audited revenues, cost of sales, and gross profits for the fiscal year ended June 30, 2020, were $3.26 million, $2.95 million, and $0.32 million, respectively. ADS increased its revenue and gross profit by 78.79% and 51.79% from 2020 to 2021. From July 1, 2021, to December 31, 2021, ADS’ unaudited revenues, sales cost, and gross profits for the six months were $3.03 million, $2.73 million, and $0.29 million, respectively. 

FDCTech, Inc. | LinkedInThe Company has completed the Condor Pro Multi-Asset Trading Platform is a commercial trading platform targeted at day traders and retail investors. The Condor Pro Multi-Asset Trading Platform further includes risk management, pricing engine and connectivity to multiple liquidity providers or market makers. FDCT has tailored the Condor Pro Multi-Asset Trading Platform to different markets, such as forex, stocks, commodities, cryptocurrencies, and other financial products. The Company has developed the Condor Back Office API to integrate third-party CRM and banking systems to Condor Back Office. 

FDCT currently has 6 licensing agreements for its Condor Pro Multi-Asset Trading Platform. The Company is continuously negotiating additional licensing agreements with several retail online brokers to use the Condor Pro Multi-Asset Trading Platform. Condor Pro Multi-Asset Trading Platform is available as a desktop, web, and mobile version. The Company’s upgraded Condor Back Office (Risk Management) meets various jurisdictions’ regulatory requirements. Condor Back Office meets the directives under Markets in Financial Instruments Directive (MiFID II/MiFIR), legislation by European Securities and Market Authority (ESMA) implemented across the European Union on January 3, 2018. 

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FDCT

FDCT is developing Condor Investing & Trading App, a simplified trading platform for traders of varied experiences in trading stocks, ETFs, and other financial markets from their mobile phone. The Company is currently commercializing the Condor Investing & Trading App.  The Company and its subsidiary, ADS, are developing a digital wealth management company, which will initially include a Robo Advice Platform catering to Australia’s wealth management industry. The Company is commercializing the Robo Advice Platform. 

In November FDCT announced Q3 results for the quarter ended September 30, 2022, as compared to the corresponding period of last fiscal year. Revenues generated for the nine months ended September 30, 2022, and 2021 were $4,597,097 and $221,003, respectively. Cash on hand was $246,064 as of September 30, 2022, compared to $93,546 on December 31, 2021. 

On July 19, 2022, the Company signed a non-binding letter of intent to acquire 80% equity interest in CIM Securities, LLC, a FINRA and SIPC member firm. On September 30, 2022, the Company paid a $20,000 non-refundable deposit and transferred $180,000 to the escrow account to complete the transaction. The FINRA Rule 1017 requires the Company to file continuing membership applications (CMAs) as it plans to apply for changes in ownership, control, and business operations. The Company expects to file the CMA form by the end of fiscal 2022. 

On January 6 FDCT announced it has acquired a 50.10% equity interest in New Star Capital Trading Ltd., a British Virgin Island company and its operating subsidiary NSFX Ltd, an online trading brokerage firm regulated by the Malta Financial Services Authority. NSFX is authorized to deal on its account as a Category 3 licensed entity by the MFSA, receive and transmit orders on behalf of retail and professional clients, and hold and control clients’ money and assets. NSFX trading platform services in the English, French, German, Italian, and Arabic markets, whereby customers can trade in currency, commodity, equity, and cryptocurrency-linked derivatives in real time. NSFX 2022 revenues were $17 million and the Company is debt free. 

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Currently trading at a $4.1 million market valuation FDCT os is 178,275,550 shares outstanding with a small flout of 14.5 million shares. FDCT is an SEC filer with a strong balance sheet and growing revenues recently reporting Revenues generated for the nine months ended September 30, 2022, and 2021 were $4,597,097 and $221,003, respectively. FDCT spiked to over $0.90 per share in early 2021 when os was 68 million and although os has increased to 178 million shares FDCT has a significant gap to fill from current levels. The stock was up over 180% on Friday after the Company announced it has acquired a 50.10% equity interest in New Star Capital Trading Ltd., and its operating subsidiary NSFX Ltd, an online trading brokerage firm regulated by the Malta Financial Services Authority. NSFX trading platform services in the English, French, German, Italian, and Arabic markets, whereby customers can trade in currency, commodity, equity, and cryptocurrency-linked derivatives in real time. NSFX 2022 revenues were $17 million and the Company is debt free. We will be updating on FDCT when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in FDCT either long or short and we have not been compensated for this article.

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