Business
Xalles Capital to Launch Fintech Growth Center
Xalles Capital to Launch Fintech Growth Center.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"\n WASHINGTON, DC, June 16, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, today announces that it is launching a Fintech Growth Center. Xalles Capital Inc., a wholly owned subsidiary of Xalles Holdings Inc., is creating the world’s first virtual growth center for fintech firms.  Many small fintech companies are searching for assistance to grow from startup or seed financing to mid-tier financing and ultimately achieve a major financial event. Along the way those firms require access to capital, business development assistance, networking, and help to grow those businesses. The Xalles management team is constantly searching for qualifying fintech candidates to add to Xalles’ asset portfolio as well as receiving numerous inquiries from fintech start-ups. Businesses that are not yet mature enough to meet Xalles’ acquisition specifications will now have the opportunity to be a part of our new Fintech Growth Center Program, which can assist and nurture those companies, while guiding them on a pathway for a successful key financial event such as an initial public offering (IPO), merger or acquisition (M&A). The global fintech market is approximately $200 billion in size and has a 25% annual growth rate. There are going to be an estimated 20,000 new fintech startups in 2020 alone. Throughout 2019, 24 fintech companies achieved unicorn status. Despite this tremendous market size, many fintech firms fail each year. The primary causes can often be attributed to being underfunded, having the wrong investment partners, developing the wrong business model, or neglecting compliance issues. Some businesses are stagnating and unsure of how to take the next step or are not ready for the next investment or simply need help to better develop their value proposition.  These types of companies are ideal candidates to participate in the Fintech Growth Center Program. The Fintech Growth Center will offer fintech companies from around the world the opportunity to learn about a few proprietary roadmaps to lead them to a new financial level. These roadmaps are supported in the growth center through education, networking, capital access, business development and shared services resources, all conveniently delive...