Mr. David Wong reports
MIDPOINT ANNOUNCES 80% INCREASE IN TRANSACTION VOLUME
Midpoint Holdings Ltd. has released its unaudited results for the period ended March 31, 2018.
For three months ended March 31, 2018
Revenue increased 59 per cent to $157,237 as compared with the three months ended March 31, 2017, to $98,777 with the following business highlights:
- Transaction volume increased over 80 per cent quarter on quarter to $79-million;
- Record KPIs (key performance indicators), including highest monthly (January) and quarterly volume and revenue;
- Average transaction size of $65,000;
- Won excellence in on-line foreign exchange award by corporate insider;
- Basic and diluted loss per share of 0.15 cent.
As of this writing, over $395-million has been matched on the Midpoint platform since inception in 2013, and over $130-million was matched in the last six months.
The full text of Midpoint's audited financial statements for the quarter ended March 31, 2018, and the related management's discussion and analysis are available electronically on Midpoint's profile on SEDAR.
About Midpoint Holdings Ltd.
Headquartered in London, Midpoint is an FCA-(Financial Conduct Authority)-authorized payment institution specializing in cross-border payments and foreign exchange. SMEs (small- and medium-sized enterprises), overseas professionals, property owners, foreign students, individuals and anyone involved in international payments use Midpoint's U.S. patent-protected platform for transparent, multiparty, multicurrency services.
Midpoint is currently handling transactions in 23 currencies with the ability to collect and transfer across 72 countries. This highly secure platform provides customers with the most cost-effective foreign exchange at the midpoint of the interbank buy/sell rate, therefore removing the spread, as well as hidden costs and fees.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.