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TechX Technologies Inc. (CSE: TECX, OTC: TECXF) has signed a definitive agreement to acquire Mobilum OÜ for C$16 million. Mobilum, a fintech startup, provides fiat-to-crypto payment processing solutions and has an average daily processing volume between C$100,000 and C$250,000. This acquisition will enhance TechX's capabilities in the cryptocurrency sector, including access to Mobilum's Xcard digital wallet technology expected to launch in Q3 2021. Mobilum's innovative technology aims to bridge fiat and crypto transactions, fostering mass cryptocurrency adoption.
TechX Technologies has announced its acquisition of a 100% interest in XPort Digital Limited, a merchant services provider specializing in fiat-to-crypto gateway solutions. The acquisition, valued at C$5,000,000, will allow TechX to enhance its offerings in the rapidly growing crypto space. The transaction involves issuing 5,252,100 common shares at a price of $0.952 per share. CEO Aaron Carter will continue to lead XPort, focusing on providing efficient credit card processing for cryptocurrency transactions.
On April 27, 2021, TechX Technologies Inc. (CSE: TECX, OTC: TECXF) announced a Definitive Agreement to acquire Cryptobuddy.ai, a predictive cryptocurrency trading signals platform, for a total of $5,000,000. The deal involves issuing 5,341,880 common shares at a deemed value of $0.936 per share. Following the acquisition, Cryptobuddy will rebrand as Alt Signals, enhancing its market presence. The platform features AI-generated trading signals with a 70-77% prediction accuracy and aims to provide retail investors with a competitive edge in the cryptocurrency market.
On April 15, 2021, TechX Technologies Inc. announced the appointment of Michael Vogel, founder of Netcoins, as an Independent Director, alongside his brother, Dominic Vogel, as Advisor. Michael Vogel brings extensive experience in cryptocurrency, having scaled Netcoins to millions in revenue and led its public listing in 2018. Dominic Vogel is recognized for his expertise in cybersecurity. TechX aims to leverage their insights to foster growth in the cryptocurrency sector. The company also granted 450,000 stock options at $1.19 per share, operationalizing its strategy to attract industry leaders.
TechX Technologies Inc. (CSE: TECX, OTC: TECXF) announced significant Q1 2021 growth for its portfolio company, Catalyx Exchange. Key metrics include a 1,542% increase in trading volume from C$2.88 million in Q4 2020 to C$47.3 million in Q1 2021, and a 545% increase in revenue from C$82,172.97 to C$529,725.03. Deposits rose 1,050% QoQ, showcasing Catalyx's strong market position. The CEO highlighted user acquisition and revenue growth, reflecting optimism for future performance amid a booming crypto market.
TechX Technologies Inc. has successfully closed a fully-subscribed non-brokered private placement financing, raising $10,000,000. The company issued 20,000,000 units at $0.50 per unit, each consisting of one common share and one-half of a transferable warrant. Holders can purchase an additional share at $1.00 for five years. TechX plans to use the proceeds for operational expenditures, strategic acquisitions, and general working capital. Additionally, they will engage Market IQ Media Group for a $200,000 digital advertising campaign.
TechX Technologies Inc. (CSE: TECX) announced that its portfolio company, Catalyx Exchange, will list its Canadian dollar-backed stablecoin, CADX, on Bittrex Global, one of the top 10 cryptocurrency exchanges by liquidity. The CADX, launched in 2020 in partnership with Stably, is fully backed by Canadian dollars, held in an audited account by Prime Trust. Listing on Bittrex is expected to provide crypto traders increased options and enhance the visibility of Catalyx Exchange.
TechX Technologies Inc. (CSE: TECX, OTC: TECXF) announces the launch of FastBitCash.ca by its portfolio company, Catalyx Exchange. This platform promises the fastest Bitcoin purchases and withdrawals in Canada, allowing transactions of up to $1,000 with limited KYC requirements. FastBitCash.ca aims to cater to non-crypto traders, featuring the lowest transaction fees and robust cybersecurity. Additionally, TechX has appointed Ms. Zara Kanji as CFO and granted 300,000 stock options at $0.46 per share.
TechX Technologies Inc. (CSE:TECX, OTC:TECXF) announced that its investment in CatalX CTS Ltd. has resulted in impressive growth metrics for February 2021. CatalX reported a 271% increase in trading volume, from $4,014,760 in January to $14,886,305. Monthly transactions surged by 2,281%, daily average users grew by 75%, and deposits increased by 182%. Revenue also rose by 61%. This strong performance underscores CatalX's position as a leading cryptocurrency exchange in Canada, supported by TechX's investment of C$2,000,000.
TechX Technologies Inc. (CSE: TECX, OTC: TECXF) announced a letter of intent (LOI) to explore the acquisition of CryptoBuddy Technologies Inc., a crypto signals platform that utilizes AI for market predictions. CryptoBuddy's features include predictive analytics with 70-75% accuracy, an easy-to-navigate dashboard, and a subscription model for recurring revenue. The deal's completion depends on due diligence and regulatory approvals, with no assurance it will finalize. CEO Peter Green highlighted the potential for CryptoBuddy to enhance trader performance and capitalize on the growing crypto investment interest.
