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Fineqia Achieves First Full Quarter of Revenue from Consulting Services

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Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA), a digital asset and fintech investment business, has reported its first full quarter of revenue from consulting services. The company generated $121,348 in the second quarter of 2024 by advising corporates on blockchain technologies and tokenisation, with a focus on decentralised financing options in the insurance industry.

Fineqia's CFO, Warren Sergeant, highlighted this milestone as a significant step in their growth strategy. The company plans to expand its consulting services, particularly in the tokenisation of real-world assets (RWAs) such as real estate, private credit, and insurance products. This expansion aims to increase liquidity, transparency, and accessibility in financial markets.

During the same period, Fineqia incurred expenses of $965,799. The company's expertise in DeFi and blockchain technologies positions it to deliver innovative financial solutions for partners and clients.

Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA), un'azienda che opera nel settore degli asset digitali e del fintech, ha riportato il suo primo trimestre completo di ricavi da servizi di consulenza. L'azienda ha generato 121.348 dollari nel secondo trimestre del 2024 fornendo consulenze a imprese sulle tecnologie blockchain e sulla tokenizzazione, con un focus su opzioni di finanziamento decentralizzato nell'industria assicurativa.

Il CFO di Fineqia, Warren Sergeant, ha sottolineato questo traguardo come un passo significativo nella loro strategia di crescita. L'azienda prevede di espandere i suoi servizi di consulenza, in particolare nella tokenizzazione di beni del mondo reale (RWAs) come immobili, credito privato e prodotti assicurativi. Questa espansione mira ad aumentare la liquidità, la trasparenza e l'accessibilità nei mercati finanziari.

Durante lo stesso periodo, Fineqia ha sostenuto spese di 965.799 dollari. L'esperienza dell'azienda nelle tecnologie DeFi e blockchain la colloca in una posizione favorevole per fornire soluzioni finanziarie innovative ai partner e ai clienti.

Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA), una empresa de activos digitales y de inversión en fintech, ha reportado su primer trimestre completo de ingresos por servicios de consultoría. La empresa generó 121.348 dólares en el segundo trimestre de 2024 asesorando a corporaciones sobre tecnologías blockchain y tokenización, con un enfoque en opciones de financiamiento descentralizado en la industria de seguros.

Warren Sergeant, CFO de Fineqia, destacó este hito como un paso significativo en su estrategia de crecimiento. La empresa planea expandir sus servicios de consultoría, particularmente en la tokenización de activos del mundo real (RWAs) como bienes raíces, crédito privado y productos de seguros. Esta expansión tiene como objetivo aumentar la liquidez, la transparencia y la accesibilidad en los mercados financieros.

Durante el mismo período, Fineqia incurrió en gastos de 965.799 dólares. La experiencia de la empresa en DeFi y tecnologías blockchain la posiciona para ofrecer soluciones financieras innovadoras a sus socios y clientes.

Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA)는 디지털 자산 및 핀테크 투자 사업체로, 최초의 전체 분기 수익을 컨설팅 서비스에서 보고했습니다. 이 회사는 2024년 2분기 동안 121,348달러를 발생시켰으며, 블록체인 기술과 토큰화에 관해 기업을 자문하고, 보험 산업의 탈 중앙화 금융 옵션에 중점을 두었습니다.

Fineqia의 CFO인 Warren Sergeant는 이 이정표를 성장 전략의 중요한 단계로 강조했습니다. 이 회사는 컨설팅 서비스의 확대를 계획 중이며, 특히 부동산, 사모 크레딧 및 보험 상품과 같은 현실 자산(RWAs)의 토큰화에 중점을 두고 있습니다. 이 확장은 금융 시장에서의 유동성, 투명성 및 접근성을 증가시키는 것을 목표로 합니다.

같은 기간 동안 Fineqia는 965,799달러의 비용을 발생시켰습니다. DeFi 및 블록체인 기술에 대한 회사의 전문성은 파트너 및 고객을 위한 혁신적인 금융 솔루션을 제공할 수 있는 위치에 있습니다.

Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA), une entreprise d'actifs numériques et d'investissement fintech, a rapporté son premier trimestre complet de revenus provenant de services de conseil. L'entreprise a généré 121.348 dollars au deuxième trimestre de 2024 en conseillant des entreprises sur les technologies blockchain et la tokenisation, en se concentrant sur des options de financement décentralisées dans le secteur de l'assurance.

Warren Sergeant, le CFO de Fineqia, a souligné ce jalon comme un pas significatif dans leur stratégie de croissance. L'entreprise prévoit de développer ses services de conseil, notamment dans la tokenisation d'actifs du monde réel (RWAs) tels que l'immobilier, le crédit privé et les produits d'assurance. Cette expansion vise à augmenter la liquidité, la transparence et l'accessibilité sur les marchés financiers.

Au cours de la même période, Fineqia a engagé 965.799 dollars de dépenses. L'expertise de l'entreprise dans les technologies DeFi et blockchain la positionne pour offrir des solutions financières innovantes à ses partenaires et clients.

Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA), ein Unternehmen für digitale Vermögenswerte und Fintech-Investitionen, hat sein erstes volles Quartal mit Einnahmen aus Beratungsdiensten berichtet. Das Unternehmen erzielte 121.348 Dollar im zweiten Quartal 2024, indem es Unternehmen zu Blockchain-Technologien und Tokenisierung beriet und sich auf dezentralisierte Finanzierungsoptionen in der Versicherungsbranche konzentrierte.

Warren Sergeant, CFO von Fineqia, hob diesen Meilenstein als einen bedeutenden Schritt in ihrer Wachstumsstrategie hervor. Das Unternehmen plant, seine Beratungsdienste auszubauen, insbesondere im Bereich der Tokenisierung von realen Vermögenswerten (RWAs) wie Immobilien, Privatkrediten und Versicherungsprodukten. Diese Expansion zielt darauf ab, die Liquidität, Transparenz und Zugänglichkeit auf den Finanzmärkten zu erhöhen.

Im selben Zeitraum hatte Fineqia Ausgaben von 965.799 Dollar. Die Expertise des Unternehmens in DeFi und Blockchain-Technologien ermöglicht es, innovative Finanzlösungen für Partner und Kunden zu liefern.

Positive
  • First full quarter of revenue generated from consulting services ($121,348)
  • Expansion of consulting services into tokenisation of real-world assets (RWAs)
  • Demonstrated expertise in DeFi and blockchain technologies
Negative
  • Expenses ($965,799) significantly exceed revenue ($121,348) for the quarter

London, United Kingdom--(Newsfile Corp. - September 27, 2024) - Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA)  (the "Company" or "Fineqia"), the digital asset and fintech investment business, announces its first full quarter of revenue of $121,348, generated from its consulting services advising corporates on blockchain technologies and tokenisation.

In the second quarter of 2024, Fineqia's consulting services focused on exploring and implementing decentralised financing options, particularly the tokenisation of insurance industry assets including Insurance Linked Securities (ILS). This engagement reflects Fineqia's strength in advising clients on the potential and risks of decentralized finance (DeFi) platforms and blockchain-based financial solutions.

"Our ability to generate revenue from consulting services underscores our expertise in the DeFi and blockchain industry," said Fineqia's CFO Warren Sergeant. "This milestone marks a significant step in our growth strategy, proving our capacity to deliver innovative financial solutions that drive value for our partners and clients."

Building on this momentum, Fineqia plans to expand its consulting services further by focusing on the tokenisation of real-world assets (RWAs). The Company aims to help clients unlock new opportunities by converting traditional assets, like real estate, private credit and insurance products, into digital tokens, thereby increasing liquidity, transparency, and accessibility in the financial markets.

Tokenisation is the process by which digital tokens on a blockchain represent underlying digital or physical assets. The second quarter represents the period from April to June 2024, during which the Company incurred expenses of $965,799.

About Fineqia International Inc.

Fineqia (www.fineqia.com) is a digital asset business that builds and targets investments in early and growth stage technology companies that will be part of the next generation of the Internet. Publicly listed in Canada (CSE: FNQ) with quoted symbols on the Nasdaq and the Frankfurt Stock Exchange, Fineqia's portfolio of investments includes businesses at the forefront of tokenization, blockchain technology, RWAs, AI, and fintech. Fineqia's VC fund in formation, Glass Ventures, backs category-defining Web 3.0 and Web 4.0 companies built by world-class entrepreneurs. https://twitter.com/FineqiaPlatform and https://www.linkedin.com/company/fineqia/.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Katarina Kupcikova, Marketing & Communications Manager
E. katarina.kupcikova@fineqia.com
T. +44 7806 730 769

FORWARD-LOOKING STATEMENTS

Some statements in this release may contain forward-looking information (as defined under applicable Canadian securities laws) ("forward-looking statements"). All statements, other than of historical fact, that address activities, events or developments that Fineqia (the "Company") believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement except to the extent required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224847

FAQ

What was Fineqia's (FNQQF) revenue in Q2 2024?

Fineqia (FNQQF) reported revenue of $121,348 in the second quarter of 2024, marking its first full quarter of revenue from consulting services.

What services did Fineqia (FNQQF) provide to generate revenue in Q2 2024?

Fineqia (FNQQF) generated revenue by providing consulting services on blockchain technologies and tokenisation, focusing on decentralised financing options in the insurance industry, including Insurance Linked Securities (ILS).

What are Fineqia's (FNQQF) plans for expanding its consulting services?

Fineqia (FNQQF) plans to expand its consulting services by focusing on the tokenisation of real-world assets (RWAs), including real estate, private credit, and insurance products, to increase liquidity, transparency, and accessibility in financial markets.

What were Fineqia's (FNQQF) expenses in Q2 2024?

Fineqia (FNQQF) incurred expenses of $965,799 during the second quarter of 2024, which covers the period from April to June.

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