Fintech Scion Limited, holding company of FintechCashier, an innovative global digital payment gateway and solution provider, new parent company, HWGC Holdings Limited (“HWGC”) announces its intention to raise USD25 million of equity capital, through issuance of redeemable convertible preference shares (RCPS) to expand operations in Europe and Asia and fuelling its global growth of financial technology ecosystem.
This news follows the recent announcement of HWGC’s ongoing process to acquire two Fintech companies, Fintech Scion Limited and HWGG Capital P.L.C.
HWGC has acquired approval from United States Securities and Exchange Commission for the issuance of USD25 million RCPS at price of USD1.00 per share. The company has secured most of the USD25 million via private investment based on the investors’ Letter of Intent (LOI) provided. HWGC expects funding round to be completed within a month upon the approval of RCPS issuance by the authority.
About FintechCashier Group
FintechCashier Group is an international financial technology company delivering financial payment services through its ONE Application, ONE Integration, GLOBAL REACH Payment Gateway. Their solution providers include licensed and authorised entities worldwide including UK holding company Fintech Scion as well as UK Fintech Digital Solutions who are authorised by the Financial Conduct Authority, as an EMD Agent (FRN: 902993) and are permitted to distribute/redeem electronic money (e-money) and can perform certain other payments services, within the United Kingdom under the Electronic Money Regulations 2011 and the Payment Services Regulations 2017. FintechCashier guarantees a seamless, transparent, and fast portal for their clients around the world to receive the transaction related funds of their customers, to manage their cash flow, and to make settlements. FintechCashier supports a wide spectrum of payment services, ranging from credit card processing, foreign exchange, eCommerce and wire solutions. ONE Application, ONE Integration, GLOBAL REACH. www.fintechcashier.com
About HWGC Holdings Limited
HWGC Holdings Limited’s common stock is quoted on the OTCQB Market. Along with its subsidiaries, the company has set out to engage in the provision of emerging technologies, such as big data, artificial intelligence, blockchain and edge computing to make financial services more accessible and more efficient. This will allow the company to offer and deliver diverse clients with advanced solutions in the areas of application as a service (AaaS), infrastructure as a service (IaaS), finance as a service (FaaS) and related financial technology services.
Street, W1 6DU, London, United Kingdom. wwwfintechcashier.com