LAS VEGAS, NV / ACCESSWIRE / July 10, 2024 / Star Alliance International Corp. (OTC Pink:STAL), ("STAR or the Company"). STAR is pleased to confirm that a new agreement with DigiPro Payments, LLC dba NetSimple updated terms has been signed. The effective date to close is on or before July 31, 2024 based on certain milestones to be achieved.
NETSIMPLE is a comprehensive fintech company providing innovative software solutions tailored to small and medium sized businesses. The company's proprietary, cloud-based Web Platform-as-a-Service (PaaS) offers scalable, customizable solutions for payment processing, web design, and SaaS development. With a focus on customer experience and retention, the company's processor/agent agnostic system allows for seamless integration and third party ISOs, enabling them to leverage the Company's platform for market advantage and recurring revenue.
The NetSimple management team is a strong mix of experience bringing a wealth of knowledge in their market areas. The Company is currently generating approximately $150 to $200,000 monthly revenue and is profitable. With the financial support being provided by Star it is expected that revenues will increase to $5 to 600,000 monthly within the next twelve months.
Tim Renfroe, President of NetSimple stated "We are excited to at last be able to finalize this transaction with Star. They add business acumen and financial support to our business. We are looking forward to working together and increasing revenues and profit."
NetSimple has served hundreds of clients around the world including some of the largest hospitality chains. The global fintech market was valued at USD 294.74 billion in 2023 and is projected to be worth USD 340.10 billion in 2024. This growth can largely be attributed to the dramatic rise in digital payments this decade as e-commerce continues to overtake traditional brick and mortar retailers.
Richard Carey, President and Chairman of Star Alliance International Corp., commented, "We have been discussing our planned acquisitions in both our Fintech areas and Gold mining and technology divisions. We are now positioned to start closing the transactions that we have discussed. More information on NetSimple and other acquisitions will be provided as soon as possible. We are pleased that we will be revenue positive in the first quarter of fiscal 2025.
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