In the first quarter of 2018, the Company entered into an Agreement to acquire Kelevra Digital Solutions, S.A. de
C.V. ("Kelevra"), a Mexico City-based custom software technology developer. Under terms of the Agreement,
Full Alliance Group may acquire up to 99% of Kelevra, including substantially all operations, technologies, and
intellectual properties, in exchange for a combination of cash and stock. Upon completion of the proposed
acquisition, Kelevra will operate as a subsidiary of the Company.
In the second quarter of 2018, the Company acquired the intellectual properties of MYPAY technologies: MY
PAY, is an innovative POS Banking Financial Services and payment solution that provides competitive technology
tools for the unbanked, micro and small businesses (i.e., grocery stores, drug stores, hardware stores, etc.) in
Mexico; providing Money transfers; Smartphone banking; eWallet and online payments solutions for utilities,
water, electricity, telephone, and prepaid cell phones; Non-depository Banking; a Gateway to lending platform.
In the third quarter of 2018, the Company signed a “LOI” with a New York based FINRA and SIPC Member
investment banking company (the “IBC”), upon completion, IBC will become a wholly-owned subsidiary of the
Company. Under terms of the Agreement, the Company shall issue new restricted common shares to the IBC,
extinguish all outstanding convertible notes, reduce the conversion of the preferred shares into common shares and
a portion of the preferred shares shall be surrendered to the treasury and the Company shall complete a private
placement of restricted common shares. The IBC, is an active PIPE agent with a consistent track record – 100+
Transactions, a FINRA and SEC Registered Member, its permitted business activities includes; Private Investments
in Public Equity (PIPE’s), Regulation A/A+, Regulation D/Rule 506, Private Placements, IPOs and Follow-on
Offerings etc.
Currently the Company is acquiring GBE Grupo Empresarial de Tamaulipas SAPI de CV (“GBE”), a Mexicobased,
nationally licensed hard money lender. The Company is acquiring GBE for its “Mexican Federal banking
and commercial lending license”, allowing the Company to provide funding to individuals and businesses with the
potential of an approved for interest rise up to 60% annualized.
The Company will focus on leveraging technology to provide modern financial services to individuals and
companies worldwide with web based equity funding, lending, and payment and money transfer services.
Additionally, we plan on partnering and acquiring technology and marketing operations to further leverage our
growth.
Fintech is predicted to be one of the fastest-growing industries globally, the Company over the long term intends to
build a leading Fintech company focused on leveraging financial transactions with the implementation of present
and future technology.
FAGI executives have decided not proceed with the Grupo Richard acquisition.
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