Business
IQST - IQSTEL Sets Stage for Explosive Growth: Signs MOU to Acquire Majority Stake in Fintech Leader GlobeTopper, Driving Fintech Expansion and Strengthening Revenue Outlook
NEW YORK, March 21, 2025 /PRNewswire/ -- IQSTEL Inc. (OTCQX: IQST), the fast-growing multinational provider of Telecom, Fintech, Cybersecurity, and AI-driven
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[{"type":"text","content":"NEW YORK, March 21, 2025 /PRNewswire/ -- IQSTEL Inc. (OTCQX: IQST), the fast-growing multinational provider of Telecom, Fintech, Cybersecurity, and AI-driven services, is excited to announce the signing of a Memorandum of Understanding (MOU) to acquire a 51% equity interest in GlobeTopper, LLC (GT), a cutting-edge fintech company revolutionizing B2B Top-Up solutions.\n\n \n \n \n \n \n \n\n \nThis strategic acquisition marks another key milestone in IQSTEL's aggressive growth trajectory, reinforcing its Fintech division while setting the stage for long-term, high-margin revenue growth.\nA Brilliant Future Ahead: Accelerating Toward $1 Billion MilestoneFollowing its record-breaking $283 million revenue in FY-2024, iQSTEL has confidently forecasted $340 million in revenue for 2025, primarily driven by its robust Telecom Division. The acquisition of GlobeTopper is set to be a catalyst for exponential growth in the Fintech division, significantly boosting both revenue and EBITDA, and propelling iQSTEL closer to its ambitious goal of $1 billion in revenue by 2027.\nGlobeTopper is already a profitable business, with preliminary FY-2024 financials showing $39.4 million in revenue and $190,000 in EBITDA. Under the MOU, iQSTEL will secure a 51% majority stake in GT, with an additional $1.2 million capital infusion planned over 24 months to fuel expansion.\nStrategic Growth Plan for GT:\nFY-2025: $60 million revenue, $450,000 EBITDAFY-2026: $85 million revenue, $620,000 EBITDAIQSTEL will partner closely with GT's leadership, developing a targeted business plan aimed at scaling operations, penetrating new markets, and driving profitability. GT's proven, scalable platform combined with IQSTEL's financial strength and operational expertise sets a solid foundation for rapid and sustained growth.\nLeveraging the Power of Cross-Selling: Fintech Meets TelecomOne of the greatest synergies of this acquisition lies in IQSTEL's unique ability to integrate GT's fintech services across its extensive global telecom customer base, spanning 21 countries and 4 continents. This allows IQSTEL to unlock new, high-margin revenue streams while delivering enhanced value to existing clients.\nAdditionally, GT maintains valuable commercial relationships with some of the largest companies in the retail arena. IQSTEL plans to leverage these relationships as a strat...