Fintech Ecosystem Development Corp. FEXD Archives - Page 2 of 3

WednesdayAug 02, 2023 9:00 am

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Looking to Leverage Blockchain Technology’s Capabilities to Ease Cross-Border Money Transfers

FEXD is working to develop a global financial technology ecosystem comprising a network of mobile money platforms, technologies, applications, products, and services The company aims to use emerging technologies like blockchain, web 3.0, AI, and the metaverse to reduce costs and accelerate the processing of money transfers, loans, and other lifestyle services Blockchain is disrupting financial institutions in new ways, creating an entirely new market and an avenue to bank the unbanked It offers benefits such as speed, security, accessibility, transparency, and cost reductions FEXD hopes to leverage emerging technologies like blockchain to ease the process of moving money across…

MondayJul 24, 2023 12:36 pm

QualityStocksNewsBreaks – Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Announces Deadline Date Extension to Complete Initial Business Combination

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) today announced that its board of directors has decided to extend the date by which the company must consummate an initial business combination (the “deadline date”) from July 21, 2023, for an additional month, to August 21, 2023. The company’s sponsor, Revofast LLC, deposited $110,000 into its trust account in connection with the extension, the fourth of twelve potential one-month extensions of the deadline date available to the company. According to the update, the company’s amended and restated certificate of incorporation, as amended (the “charter”), provides the company with the right to extend the…

FridayJul 21, 2023 3:42 pm

QualityStocksNewsBreaks – Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Maintains Strategic Focus as World Moves to Seamless Digital Money and Mobile Transactions

Fintech Ecosystem Development Corp. (NASDAQ: FEXD), a company working to stay ahead of fintech innovation, is guided by the vision to develop financial service applications that allow its customers to move money easily whilst making it more affordable for people to conduct transactions without touching cash. “The company believes this is a moment in history when mobile money services are needed in a world moving to digital money and mobile transactions that are seamless across international borders. And with cryptocurrencies conveniently facilitating cross-border mobile transactions, even for users whose governments have restricted the movement of money out of their countries,…

FridayJul 21, 2023 9:45 am

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Continues to Support Cashless Society Technology by Meeting Mobile Money Needs Through Diverse Portfolio of Products and Services

Digital money is replacing physical cash and further supporting the growth of a growing cashless society driven by the pandemic and other factors FEXD supports the United Nations’ Sustainable Development Goals of reducing cross-border transaction costs from 7 percent to 3 percent FEXD plans to offer a diverse portfolio of products and services to consumers and businesses in the United States, South Asia, East Asia, Africa, Europe, and Latin America Financial technology, more commonly referred to as fintech, fuels economic growth and reduces inequality, poverty, and informality in underdeveloped companies. For impoverished people and small businesses without access to financial…

WednesdayJul 19, 2023 9:00 am

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Looking to Empower Populations As Fintech Shifts Consumer and Businesses Purchasing Power

FEXD, a company formed to develop a global financial technology ecosystem, continues to develop a diverse portfolio of FinTech-related products and services to consumers and businesses in the United States, South Asia, East Asia, Africa, Europe, and Latin America The goal is to empower underserved populations by providing FinTech solutions that boost and shift purchasing power Fintech innovations affect various dimensions of financial services, including domestic payments, credit, remittances, savings, insurance, and investment management Access to credit and remittances have been shown to have positive effects on purchasing power On its part, FEXD aims to develop products that help consumers…

FridayJul 14, 2023 1:25 pm

QualityStocksNewsBreaks – Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Eyeing Solid Competitive Position in Emerging Global Markets

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) is constantly exploring new ways to grow and improve the financial sector, specifically in line with creating and growing a global financial services ecosystem that addresses unmet mobile needs. “One area that FEXD is exploring is blockchain technology, an advancement in tech that is changing the remittance industry by doing away with intermediaries in the money transfer process, ultimately making transactions cheaper, faster and more secure… FEXD’s focus on this technology is reflective of the general direction that the industry is taking,” a recent article reads. “FEXD plans to adopt this technology by making…

MondayJul 03, 2023 10:30 am

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Advancing the Use of AI to Power Financial Solutions

FEXD acknowledges the recent big data boom that has introduced tech-driven solutions in the current financial services space AI, through its many forms, has proven to be a viable technology to integrate into the financial service space, a development that FEXD recognizes and welcomes Through its focus on the benefits of AI, the company is pushing its adoption while also pushing the conversation forward It is doing so while also exploring ways it can further develop this technology to address unmet mobile money needs, both in developing and industrialized countries and markets Fintech Ecosystem Development (NASDAQ: FEXD), a special purpose…

WednesdayJun 28, 2023 9:45 am

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) to Capitalize on the Power of Cryptocurrencies to Support Progress of Developing Countries

FEXD is a company working to stay at the forefront of fintech innovations by using the most advanced financial technologies in its platforms and applications The company is seeking to acquire and merge with high-growth global fintech organizations that leverage these advanced financial technologies as part of its goal to develop a global fintech ecosystem Among these technologies are crypto and the blockchain Cryptocurrencies have been known to facilitate faster and lower-cost transactions, increase financial inclusions, and store value, especially in emerging economies where unpredictable inflation substantially weakens the value of their national currencies FEXD is committed to supporting the…

MondayJun 26, 2023 9:00 am

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Makes Strategic Moves as Blockchain Continues To Influence the Remittance Industry

FEXD’s aggressive expansion plan not only lines up with its core mission but is also a step toward carving out a significant market share in the global fintech market, which is projected to hit $500 billion in valuation by 2028 The company is exploring blockchain technology, banking on how easier access to mobile phones has helped make money transfers more accessible FEXD is also optimistic that the technology it will not only cut down on the cost of transactions but also significantly grow its annual revenues Its management is confident in this approach, citing that the investments so far will…

ThursdayJun 22, 2023 1:24 pm

QualityStocksNewsBreaks – Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Announces Third Deadline Date Extension to Complete Initial Business Combination

Fintech Ecosystem Development Corp. (NASDAQ: FEXD) today announced that its board of directors has decided to extend the date by which the company must consummate an initial business combination (the “deadline date”) from June 21, 2023, for an additional month, to July 21, 2023. The company’s sponsor, Revofast LLC, deposited $110,000 into the company’s trust account in connection with this extension, the third of twelve potential one-month extensions of the deadline date available to the company. According to the update, the company’s amended and restated certificate of incorporation, as amended (the “charter”), provides the company with the right to extend…

Site Search

Company Search

Tag: Fintech Ecosystem Development Corp. FEXD