Fintech Select Ltd (FTEC)

[JonnyRBuck12]

Fintech Select earns $329,212 in 2023

2024-04-29 18:18 ET - News Release

Mr. Mohammad Abuleil reports

FINTECH SELECT LTD. PUBLISHES RESULTS FOR FISCAL YEAR 2023

Fintech Select Ltd. has released its financial results for the fiscal year ending 2023, reporting a net income of $329,212 mainly driven by operational activities. This contrasts with a net income of $1,196,385 for the preceding fiscal year, primarily driven by a gain on settlement.

Under the leadership of Fintech Select's management, the company achieved a significant milestone in revenue generation, reaching $3,822,182 for fiscal year 2023, compared with $2,587,867 in 2022. Management is confident this 47-per-cent increase on a year-over-year basis vindicates the company's emphasis on leanness and remaining laser focused on evolving customer needs.

"We are thrilled to report such strong financial results for the fiscal year 2023," said Mohammad Abuleil, chief executive officer of Fintech Select. "These outcomes are a testament to our strategic initiatives, operational efficiencies, and unwavering dedication to delivering value to our customers and shareholders."

About Fintech Select Ltd.

Fintech Select is a provider of robust and disruptive prepaid card programs and e-wallet payment solutions. Fintech Select has enabled these core assets, which operate through separate divisions to work together harmoniously, to create a new and ubiquitous environment for consumers and businesses alike.

Fintech Select also operates an international call centre that provides fulfilment and customer service support to customers across all the company's platforms. The company's mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.

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