Fintech Select Reports $6 Million Reduction in Working Capital Deficit During The Last 12 Months
November 30, 2017 (Source) — Fintech Select Ltd. (“Fintech Select” or the “Company”) (TSX-V:FTEC) is pleased to announce that its working capital deficit has decreased significantly from $12.1 million on September 30, 2016 to $10.5 million on December 31, 2016 and further to $6.1 million on September 30, 2017 as stated in the Company’s Q3 Financial Statements.
The Q3 financial statements and MD&A have been filed on SEDAR.
“We remain committed to continue making progress to reduce the Company’s working capital deficiency and debt as we move forward with the development of our disruptive solutions,” stated Mohammad Abuleil president and CEO.
About Fintech Select Ltd.
Fintech Select is a provider of robust and disruptive Pre-Paid Card programs, mobile banking solutions and Cryptocurrency technologies. Fintech Select has enabled these core assets which operate through separate divisions to work together harmoniously to create a new and ubiquitous environment for consumers and businesses alike. Fintech select also operates an international call centre that provides fulfillment and customer service support to customers across all three platforms mentioned. Our mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.
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