READEN HOLDING CORP (OTC PINK: RHCO) ANNOUNCES PAYMENTS EXPANSION: FOXLEY & CARR INC. ACQUISITION, NIGERIA LICENSING, AND EU MICA STRATEGY
Readen Holding Corporation (OTC PINK: RHCO), a venture capital specializing in Fintech, Digital Payments, and E-commerce, today announced key strategic updates that reinforce its goal to become a major global player in the payments industry.
Nigeria market entry
Following extensive due diligence conducted by Resolution Law Firm (Lagos, Nigeria), RHCO has discontinued and canceled the previously announced acquisition of Morrich Lottery Limited. The review found that the licensing position of Morrich Lottery Limited did not align with the terms and expectations agreed for the transaction. In parallel, there is an internal dispute among Morrich’s management regarding authority and governance. While legal discussions between counsels are ongoing, RHCO has elected to proceed independently with its Africa strategy.
RHCO remains fully committed to entering the Nigerian lottery, sportsbook, and casino sector. The Company has initiated applications for its own operating licenses in Nigeria, including a Sports Betting License, a Casino License, an Interactive Mobile Gaming License, and a Public Online Lottery License. Securing these licenses will enable RHCO to launch and manage operations as originally planned under its own structure and governance framework.
Acquisition of a licensed Money Services Business (MSB)
At the same time, RHCO has completed the acquisition of Foxley & Carr Inc., a licensed Money Services Business (MSB). This is a transformational step that embeds regulated payment infrastructure directly into RHCO’s core operations.
Foxley & Carr Inc. is registered with the U.S. Financial Crimes Enforcement Network (FinCEN) as an MSB (Registration No. 31000301949652), with authorized activities that include money transmission, dealing in foreign exchange, and the sale of prepaid access. The company is currently registered for activities in Montana, USA with foreign-flag capabilities. This compliance posture provides RHCO with a solid regulatory foundation in the United States for payments enablement, cross-border flows, and value‑added financial services.
With Foxley & Carr Inc., RHCO can operate as a payment service provider across major global card networks, including Visa, Mastercard, American Express, Discover, JCB, and UnionPay, as well as alternative payment rails and regional schemes. Bringing these capabilities in-house, alongside enterprise‑grade KYC/AML, transaction monitoring, and settlement operations, creates a robust backbone for high‑volume merchant acquiring and improves control over onboarding, compliance, and unit economics.
The platform also enables faster, more reliable cross-border remittances and payouts, improving speed, cost efficiency, and service quality for merchants and consumers. By reducing reliance on third parties, RHCO gains tighter control over onboarding, compliance, and unit economics.
Integrated with RHCO’s broader fintech strategy, including e-commerce and gaming initiatives, and complemented by its European regulatory path, Foxley & Carr Inc. becomes the cornerstone of a unified, multi-rail, multi-region payments ecosystem. These advantages accelerate go-to-market, strengthen regulatory trust, and expand global reach, placing RHCO on a clear path to category leadership in global payments.
MiCA license and EU strategy (Finexeble and Readies)
Further advancing its regulated fintech roadmap, RHCO has applied for authorization under the EU’s Markets in Crypto-Assets (MiCA) license regime via Finexeble S.R.O., RHCO’s European fintech subsidiary and the developer of Readies. Finexeble has historically operated in the Czech Republic under a digital asset license, under which Readies has matured into a hybrid payments platform that blends traditional fiat rails with blockchain-enabled capabilities and incorporates alternative payment methods to drive global merchant adoption and distribution.
MiCA authorization will align Finexeble and Readies with the EU’s harmonized framework and provide passportable, EU-wide permissions to operate legally as regulated crypto-asset service providers. This includes compliant digital-asset payments, regulated custodial wallets, and fiat–crypto on/off-ramp infrastructure under a single, consistent rulebook.
Combined with Foxley & Carr Inc.’s MSB‑based card acquiring and account‑to‑account capabilities, MiCA brings Readies into full regulatory alignment across Europe while unifying fiat and digital‑asset rails in one operating stack. The result is faster merchant onboarding, deeper regulatory confidence, and access to higher‑value cross‑border and enterprise use cases. Together, these developments elevate RHCO’s competitive position and momentum, supporting its rise as a consequential force in the global payments landscape.
Ridzky Berg, CEO of RHCO, commented: “Our actions reflect disciplined execution and long‑term focus. By transitioning to our own Nigeria license, integrating the regulated infrastructure of Foxley & Carr Inc., and aligning Finexeble and Readies with the MiCA license regime, we are building a single, compliant payments stack that spans cards, bank transfers, and digital assets. This strategy enhances speed, trust, and scalability for our merchants and partners worldwide and positions RHCO to compete and win on a truly global stage.”
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
OkePay: www.okepay.biz
OkePay VPOS: www.okepay.biz/vpos
Oke Partners / OkeApp: www.okepartners.com
Oke Travel Club: www.oketravelclub.com
OkToken: oktoken.biz
Readies: www.readies.biz
Neckermann Direct: www.neckermanndirect.eu
Two Percent: www.twopercent.hk
Finexeble: www.finexeble.com
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com
or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Contact
Readen Holding Corp.
info@readenholdingcorp.com
+852 3950 5911
Readen Holding Corp., RHCO announcement