Emerging Markets Report: Bigger and Better
A comment from emerging markets
ORLANDO, Fla., Jan. 04, 2023 (GLOBE NEWSWIRE) — GoLogiq, Inc. (OTC: GOLQ ), a global provider of mobile fintech solutions for digital transformation and consumer data analytics in Southeast Asia, announced its plans to join together with GammaRey, a privately held fintech ecosystem for the New World Digital Economy, in a merger valued at $320 million based on a price per share of $3.00.
So, what does this mean for the two companies?
We want to make it simple: Bigger and better.
Technological developments have made the trend of Fintech company collaboration and partnership more popular. 2021 was a big year for fintech mergers and acquisitions with deals totaling $348.5 billion, according to FT Partners, an investment banking firm focused on financial technology. Now, for 2022, this year could potentially be bigger.
Fintech companies merge for many reasons with the ultimate goal of scaling and growing into a larger and more robust company. Increased funding in the fintech market has enabled many companies to join forces and combine their skills. Fintech company mergers or acquisitions are also a potentially more cost-effective option compared to building an entirely new technology.
As for the specific plans for GoLogiq and GammaRey, the two companies are focusing on the high-growth wealth management market for Generation Z and Millennials, followed by the launch of a new digital payment platform designed for the sharing economy.
Here’s what GammaRey’s CEO, Timothy Alford, had to say about the merger: “Given the enormous opportunities for growth in wealth management, the time has come to address the market at a larger scale through this highly synergistic merger. As a publicly traded company with more favorable access to the capital markets, it provides our GammaRey shareholders, as well as those of GoLogiq, a number of benefits. These include greater liquidity, higher brand visibility and recognition of the tremendous value we have created with our proprietary fintech platform.”
GoLogiq CEO Matthew Brent also chimed in, “Combining forces with GammaRey along with its talented and talented leadership team represents a significant step toward realizing GoLogiq’s vision for a comprehensive fintech platform for underserved businesses and consumers when it went public last year. We see enormous opportunities as we look to integrate our respective powerful fintech platforms, and facilitate strong growth and profitability in the new year.”
The bottom line is that the merger between GoLogiq Inc. and GammaRey is huge for both companies, creating a potentially bigger, better and brighter future for the Fintech industry.
We will give you a couple of reasons why GoLogiq Inc. is a company with significant opportunities in the ever-growing Fintech industry.
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Profitable business with strong cash flow.
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Almost $800 million in financial assets to clients.
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Full-stack ecosystem for the New World Digital Economy: commodity-backed digital currency, digital wallet and proprietary transaction platform for securities, goods and services.
About GoLogiq, Inc.:
GoLogiq, Inc. provides mobile solutions for digital transformation and financial inclusion in Southeast Asia and emerging markets. The software platforms include CreateApp, a mobile app development and publishing platform for small businesses; AtozGo, a hyperlocal app-based delivery system for ordering and fulfilling needs for residential and office towers; and AtozPay, an e-wallet for mobile top-up, e-commerce purchases, bill payments and microfinance in Indonesia.
About the Emerging Markets report:
Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing many years of experience. Our network consists of stockbrokers, investment bankers, fund managers and institutions actively seeking opportunities in the micro and small cap equity markets.
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EMC has been paid $25,000 by GoLogiq, Inc. and has been paid an additional $25,000 by Lynette Hannahs on behalf of GoLogiq, Inc. EMC does not independently endorse the content linked to from this editorial. disclaimer/
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