Stock is illiquid and lays under the radar. The company has a mobile platform for peer to peer lending on a truley free market. Company is disruptive to the global financial system and poses many medium term risks due to regulators. Company is equivalent to bitcoin, but this time the jobs act signed by Obama could send this company parabolic through crowd funding. The company has a subsidary called MoneyTech who is forecasting $420million in loans underwrote 2013-2014. Other partners include Hubbed Murdoch Media big $$$. Hubbed will offer many services including wikipay products in kiosk machines at news agents. Revitalizing the convenient store.
WikiPay Payment Network at www.wikipay.com, a proprietary mobile and online cash-based money transfer and payment service ("WikiPay"). WikiPay enables all consumers, banked or unbanked, with any PC or mobile device to send money for $1.00 on any phone, anytime, anywhere.
About Source Financial:
How WikiPay Works
A WikiPay transaction can be completed within minutes in four simple steps:
Visit www.wikipay.com
Sign up for an account
Link your bank account
Send/Receive money
Source Financial, Inc., through its two subsidiaries Moneytech Limited and WikiTechnologies, offers a complete suite of financial products for Consumers and Businesses.
Moneytech offers four main products to the Australian business community : 1) Credit Express - trade finance facilities for SMEs of $25,000- $250,000, 2) Confirmed Capital - 100% Accounts Receivables funding for SMEs up to $5 million, 3) Card Solutions- Wholesale gift and prepaid debit card solutions, and 4) Foreign Exchange solutions - Spot Transactions, Forward Cover, Derivatives and Options. Moneytech's targeted financings are $3-$5 million dollars
Moneytech funded over AUD$ 200 million in loans in 2012 and is forecasting AUD$ 280 million and AUD$ 420 million in funding in 2013 and 2014 respectively. Moneytech currently services more than 5,000 business customers in Australia.
HUBBED partnered with Moneytech, who developed and delivered the majority of the financial services and systems backbone, which allow the Kiosks to conduct transactions.
HUBBED is backed by Matt Handbury of Murdoch Media (related to Rupert Murdoch and News Limited)
HUBBED is a one stop product and service aggregator, working with clients to develop consumer offerings and business solutions to deliver growth and profitability within channels such as the Australian Newsagents Federation, bringing in-store, online and mobile solutions for new products and services to be promoted through the Newsagency channel in Australia.
