Business
Fast Finance Pay Corp Announces Fiscal 2023 Financial and Operating Results
Fast Finance Pay Corp Announces Fiscal 2023 Financial and Operating Results.
About this update from Fast Finance Pay Corp.
[{"type":"text","content":"BERLIN, GERMANY / ACCESSWIRE / January 24, 2024 / Fast Finance Pay Corp. (OTC PINK:FFPP) today announced its financial results for the fiscal year ended December 31, 2023.Rahul Mital, President of Fast Finance Pay Corp. stated, "As we continue to navigate through some challenging markets which included higher interest rates and inflation, we committed ourselves to delivering value for our shareholders and partners. I am pleased with our efforts throughout 2023, all of which resulted in record revenues, operating income and net income. Our customer centric focus has resulted in obtaining more customers throughout numerous markets while delivering a higher level of customer satisfaction at all levels."Operating Results for the Fiscal Year Ended December 31, 2023Revenues for the twelve months ended December 31, 2023 were $4.5 million, an increase of 292% from $1.2 million in the same period of 2022.Gross profit was $1.8 million, compared to $307 thousand in the same period in 2022.Net profit was $180 thousand, as compared to $142 thousand in the same period of 2022."When I came on board in mid-December we were in the process of our soft launch of DigiClerk.com. I could not be happier with the launch, the feedback and more importantly success we have attained in such a short period of time. The platform specializes in Artificial Intelligence powered document processing tailored for accountants, lawyers and various sectors within real estate," continued Mr. Mital. "Our balance sheet improved throughout the year which resulted in a $2.2 million increase in our shareholder equity which was $6.4 million at the end of the year. This improvement provides us the flexibility to continue expansion plans and to explore uplisting opportunities onto a major stock exchange."About Fast Finance Pay Corp.Fast Finance Pay Corp. is a gateway provider and nascent FinTech, Fast Finance Pay Corp offers a flexible payment platform to assist e-merchants with their online ventures. It allows e-merchants to process all popular payment methods with just one partner instead of installing a multitude of "payment plugins".OK.de Services contains the OK.de mobile 'free-mailer' e-mail and end-to-end secure, encrypted, instant messaging service. Ok.de is a free email provider with news, comparison portal and numerous other f...