Business
Exxe Group Announces Formation of Multi-Million Dollar FinTech Trading Services Operation
Exxe Group Announces Formation of Multi-Million Dollar FinTech Trading Services Operation.
About this update from Exxe Group Inc.
[{"type":"text","content":"\n\n\n\nExxe Group Announces Formation of Multi-Million Dollar FinTech Trading Services Operation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nExxe Group Announces Formation of Multi-Million Dollar FinTech Trading Services Operation\n- AXXA to combine certain FinTech assets into its AXXAInvest real estate services platform\n- AXXAInvest to double AXXA's combined Quarterly revenue from $4.5 million to $9 million\n- AXXA asset combination uniquely positions for growth with new cross-sale opportunities\nPR Newswire\nNEW YORK, Aug. 12, 2020\n\n\n\nNEW YORK, Aug. 12, 2020 /PRNewswire/ -- Exxe Group, Inc. (OTC PINK: AXXA) a diversified company focused on acquisitions in real estate, financial services, digital platforms, and agribusiness, announced today that it is combining certain FinTech assets into its AXXAInvest financial services trading and investments group that can immediately generate millions of dollars of revenue annually. AXXAInvest will have a multi purpose peer-to-peer (P2P) real estate services platform at its core and it will benefit customers by providing easier access to high quality real estate projects and investment capital while lowering costs associated with the transactions. \nAXXA is targeting an immediate boost to its $4.5 million quarterly gross revenue by rolling its 1031 exchange real estate, currency exchange, and digital alternative investment software into its AXXAInvest real estate platform. AXXA's unique approach uses AI software and blockchain technologies to simplify the identification of real estate offerings and to match potential access to capital. The company estimates AXXAInvest will result in a doubling of AXXA's combined quarterly revenue base to approximately $9 million, as well as providing additional revenue growth once the new service is fully rolled out.\nEduard Nazmiev, PhD, CEO of Exxe Group, said: \"Our goals with AXXAInvest are to provide easier access to projects and capital and reduce consumer costs by leveraging the transformative characteristics of ...