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Monday, March 08, 2021 5:51:21 PM
About ff24payments.com:
ff24payments.com offers innovative collection and payment processing services solutions, including for one-time purchases and recurrent subscriptions, for large and small on-line merchants and for operators of the expanding range of websites which derive revenue from the “freemium” subscription model.
About ff24pay.com:
“Making banking instant and mobile”
ff24pay.com provides consumer banking and instant money transfer solutions across a broad spectrum of the world’s major convertible currencies. The initial target consumer groups for ff24pay.com are individuals and SMEs that use as their base currencies either the Euro (EUR; €) or the pound Sterling (GBP; £). The combined population of the 19 Eurozone countries which use EUR is 340 million and GBP is the everyday unit of account for 67 million people.
In ff24pay.com’s target geographies, easily accessible Apps for Android and iPhone are currently downloadable from mobile subscribers’ App stores; desktop and laptop versions of the Apps that may better meet the needs of SME business users are also downloadable.
For SVAP, the Board expressed its satisfaction with the transaction and wished the incoming Board and management every success in their future endeavors in the rapidly growing FinTech sector.
Andreas Garke, leader of the management team and a co-founder at FF24 Holding, said, “My colleagues and I are delighted that the transaction with Standard Vape Corporation has presented the opportunity for two of our promising young FinTech businesses to grow and flourish within the environment of a separate, publicly-traded company. ff24payments.com’s and ff24pay.com’s solutions will continually strengthen and refine the technology deployed and introduce additional user functionality. Through SVAP, these businesses will have access to the largest global equity capital market for technology enterprises, while at the same time allowing the FF24 Holding stakeholders to continue to participate very significantly in their future success.”
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