Business
Xalles Holdings Announces Strategic Acquisition of Fluid Tech
Xalles Holdings Announces Strategic Acquisition of Fluid Tech.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"Acquisition will enhance Fintech offerings with advanced AI-powered payment solutionsXalles Holdings Inc. (“Xalles”) (OTC: XALL), a well-established holding company with a focus on technology and financial services, today announced its intention to acquire Fluid Tech Inc. (“Fluid Tech”), a leader in the payments and financial services sector. This strategic acquisition is poised to significantly enhance Xalles' existing financial services offerings, leveraging the combined intellectual property and expertise of both companies, including Fluid Tech's predecessor, APG-IT.Fluid Tech, operating under its Fluid FinTec division, is at the forefront of AI-backed payment solutions, offering seamless integration with banking software and payment platforms. This capability positions Fluid Tech as a key player in the market, providing financial institutions, merchants, and consumers with fast access to a fully integrated, lower-risk payments platform. The company's advanced and easily integrable APIs enable businesses to access over 182 unique payment programs, encompassing services such as cross-border transactions, international money transfers, and the innovative Instant Confidential Exchange Payment System technology (I.C.E.) which enhances security and consumer data privacy.Jonathan Lee, President and CEO of Fluid Tech, is a transformative leader in the fintech sector, known for revolutionizing payment solutions and banking systems. His diverse background, including a Bachelor of Science in Business Administration, and roles in various fintech companies, underscores his significant contributions to the industry.\"Aligning with Xalles opens doors to a wealth of technology partners and opportunities. This partnership is expected to bring substantial benefits to both parties,\" Stated Mr. Lee, Fluid Tech CEO. He continued, \"Fluid Tech is committed to delivering proprietary financial technology solutions, particularly to fundraising organizations and educational institutions. Our focus is on streamlining fundraising processes and creating value-added, AI-enhanced programs.\"The Share Exchange Agreement between Xalles Holdings and Fluid Tech outlines a period for an extensive due diligence review. This review is scheduled to be completed by January 31, 2024, after which Fluid Tech is expected to become a wholly owned subsidiary within the...