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GOLOGIQ INC - GOLQ STOCK NEWS

Welcome to our dedicated page for GOLOGIQ news (Ticker: GOLQ), a resource for investors and traders seeking the latest updates and insights on GOLOGIQ stock.

GOLOGIQ INC (Symbol: GOLQ) is a U.S.-based global provider of fintech and mobile solutions aimed at facilitating digital transformation and enhancing consumer data analytics. The company offers an array of innovative software platforms that cater to small-to-medium sized businesses and emerging markets. These platforms include CreateApp, a mobile app development and publishing platform; AtozGo™, a ‘hyper-local’ app-based delivery platform; AtozPay™, an eWallet for mobile top-up, e-commerce purchases, bill payment, and microfinance; and Radix™, a Big Data analytics platform.

Recently, GoLogiq has been making headlines with significant strategic maneuvers. In an anticipated asset purchase by Recruiter.com Group, Inc. (NASDAQ: RCRT), GoLogiq's fintech assets are set to realign under the umbrella of Recruiter.com, enhancing the operational synergy of both companies. This move aims to streamline the transition of Recruiter.com's existing assets and operations to the OTC Markets, thereby offering a unique investment proposition to shareholders.

In another landmark deal, Stephen R. Jones, co-founder and CEO of Symplefy, has been appointed as the CFO of GoLogiq. Symplefy, a firm dedicated to revolutionizing HR processes and payroll management in Southeast Asia, will now operate as a wholly owned subsidiary of GoLogiq. This acquisition strengthens GoLogiq's footprint in the fast-growing economies of Southeast Asia, particularly in Vietnam, where Symplefy aims to mitigate the complex regulatory challenges businesses face.

GoLogiq's strategic acquisition of DragonLend, a lending platform for Vietnamese SMEs, further complements its existing fintech ecosystem. DragonLend addresses the substantial financing gap in Vietnam's SME sector by offering quick and fair access to short-term working capital. This acquisition is expected to enhance GoLogiq's service offerings, fostering economic growth and providing scalable solutions for SMEs in Vietnam and beyond.

As the company continues to expand its suite of fintech products and services, it remains focused on leveraging its Big Data analytics capabilities to deliver enhanced customer experiences and cross-selling opportunities. The synergy between Symplefy’s data generation and GoLogiq’s Radix™ platform exemplifies this approach, promising to offer unparalleled insights and efficiencies to their clients.

Rhea-AI Summary
GoLogiq, Inc. to present at H.C. Wainwright Global Investment Conference, discussing market leadership in financial services. Proposed sale of fintech assets to Recruiter.com Group announced.
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GoLogiq, Inc. plans to acquire Fram Venture 7 AB, a Swedish fintech corporation, for $6 million in an all-stock transaction. The total consideration could increase to $20 million depending on earn-out targets. The acquisition includes Fram Venture 7's subsidiary, DragonLend, a lending platform for profitable SMEs in Vietnam. DragonLend provides short-term working capital finance solutions to Vietnamese SMEs. The acquisition is expected to complement GoLogiq's existing fintech ecosystem.
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GoLogiq, Inc. (GOLQ), a mobile fintech solutions provider, is actively pursuing growth through major acquisitions. Recently, it entered into non-binding letters of intent to acquire 100% of Shape Super Australia PTY LTD, enhancing its service offerings in self-managed super funds, and Applied Positive Psychology Learning Institute (APPLI), which focuses on mental health and wellbeing. Both acquisitions are expected to close in Q2 2023. Interim CEO Brent Suen emphasized the company’s commitment to shareholder value and transparency, while also updating on the status of shares post-spin-off from Logiq, Inc. GoLogiq also appointed Mitchell Savage as Chief Marketing Officer, aiming to enhance its marketing strategies. The company anticipates a potential listing on NYSE American, which could increase investor interest and improve liquidity for shareholders.

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GoLogiq, Inc. (OTC:GOLQ) has appointed Mitchell Savage as its new Chief Marketing Officer, effective April 18, 2023. Savage brings over 24 years of experience in marketing, sales, and business development, having successfully launched six startups and facilitated significant mergers and acquisitions. He aims to leverage his expertise to enhance GoLogiq's marketing strategies, particularly following the acquisition of GammaRey. Interim CEO Brent Suen expressed confidence in Savage's leadership and its potential to drive growth in GoLogiq's fintech ecosystem. Savage’s previous role was as Director of Marketing at Logiq, from which GoLogiq was spun off. This leadership change is expected to positively impact GoLogiq's strategic direction and marketing capabilities.

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FAQ

What is the current stock price of GOLOGIQ (GOLQ)?

The current stock price of GOLOGIQ (GOLQ) is $0.2405 as of April 16, 2024.

What is the market cap of GOLOGIQ (GOLQ)?

The market cap of GOLOGIQ (GOLQ) is approximately 13.3M.

What does GoLogiq Inc do?

GoLogiq Inc provides fintech and mobile solutions for digital transformation and consumer data analytics, catering to small-to-medium sized businesses and emerging markets.

What recent acquisitions has GoLogiq Inc made?

GoLogiq recently acquired Symplefy, a company focused on HR and payroll management in Southeast Asia, and DragonLend, a lending platform for Vietnamese SMEs.

Who is the new CFO of GoLogiq Inc?

Stephen R. Jones, co-founder and CEO of Symplefy, has been appointed as the CFO of GoLogiq Inc.

What is the strategic significance of GoLogiq’s asset purchase by Recruiter.com?

The asset purchase by Recruiter.com aims to streamline the transition of Recruiter.com's existing assets to the OTC Markets, enhancing operational synergy and offering unique investment opportunities.

How does GoLogiq’s Radix™ platform enhance its services?

The Radix™ Big Data analytics platform provides key insights that enhance the client experience and offer cross-selling opportunities with GoLogiq’s other fintech platforms.

What industries does Symplefy target?

Symplefy focuses on simplifying HR processes and payroll management, particularly in the fast-growing economy of Vietnam and other Southeast Asian markets.

What are GoLogiq’s primary software platforms?

GoLogiq's primary platforms include CreateApp, AtozGo™, AtozPay™, and Radix™, offering solutions for mobile app development, local delivery, eWallet services, and Big Data analytics.

What is DragonLend’s role in GoLogiq’s ecosystem?

DragonLend provides short-term working capital to Vietnamese SMEs, complementing GoLogiq’s fintech ecosystem by addressing the substantial financing gap in the SME sector.

What growth opportunities does GoLogiq see in Southeast Asia?

GoLogiq sees significant growth opportunities in Southeast Asia, particularly in markets like Vietnam, where there is a rising demand for innovative HR, payroll, and financial services solutions.

How can investors stay updated on GoLogiq’s developments?

Investors can stay updated by visiting GoLogiq’s website, following their social media channels, and registering for upcoming virtual events and conference calls.

GOLOGIQ INC

OTC:GOLQ

GOLQ Rankings

GOLQ Stock Data

13.25M
5.46%
Software - Application
Technology
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United States of America
New York