Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Bitcoin and Blockchain Stocks


#Fintech / #AI news: LongFin Corp. IPO ("LFIN") poised to start trading on NASDAQ in the beginning of December 2017

 

New York City, NY - November 21, 2017 (Investorideas.com Newswire) LongFin Corp., a Global Fintech company providing Finance and FX hedging solutions to importers/exporters and SMEs powered by Artificial Intelligence (AI) and Machine Learning, is offering Class A Shares of its common stock at $5.00 per share.

LongFin's Low Latency Network is connected to multiple exchanges and banks across the regions to provide the cheapest Forex hedging and Low-cost Financing to small and medium-size importers/exporters across the globe.

Network 1 Financial Securities Inc. is acting as the lead underwriter. Network 1 Financial Securities, Inc. was the lead underwriter for Hexindai, Inc. IPO (HX) a Chinese FinTech company and also acted as an underwriter for China Internet Nationwide financial services IPO ("CIFS").

The Global Trade Finance gap has reached $1.6 Trillion; SMEs Hardest Hit- Asian Development Bank, The Survey notes that small and medium-sized enterprises (SMEs) face the greatest obstacles in accessing affordable trade financing. Globally, 57% of trade finance requests by SMEs are rejected. High rejection rates lead many firms to turn to FinTech companies that can help to bridge the financing gap.

Longfin Founder Venkata S. Meenavalli says, "We are one of the few FinTech Companies supporting Trade finance solutions, all the way from forex hedging to financing. With demand outpacing the supply side, we see great velocity in rotating capital 25 to 50 times a year and we are confident in achieving Return on Capital Employed (ROCE) 50 to 100% per annum.

LongFin's IPO is anticipating that it will begin trading at the beginning of December, 2017.

About LongFin

In 2016, Longfin grew its revenues to $27.7 million with an EBIT of $6 million. Furthermore, the company increased its geographical presence to provide FX and financial solutions to SMEs in trade finance across North America, Middle East, and Asia Pacific.

LongFin Artificial Intelligence(AI) and Machine Learning powered global network connected to multiple ECNs, Banks, and Exchanges providing the cheapest Forex hedging solutions to SMEs across the globe.

By expanding geographically, the company leads the Trade Finance FinTech sector, offering clients unprecedented distribution access to the nuances of the local financial markets and a gateway to the global markets. Learn more at www.longfincorp.com.

About LongFin: http://longfincorp.com/about.html

What we do: http://longfincorp.com/business.html

Investor Relations: http://longfincorp.com/investors.html

Offering materials and presentations: www.ipoflow.com

Twitter: https://twitter.com/longfin_corp

Any questions, please contact the Underwriter:

Keith Testaverde
KTestaverde@netw1.com
(732) 758-9001
www.network1financial.com
Network 1 Financial Securities, Inc.
The Galleria, Penthouse
2 Bridge Avenue, Building 2
Red Bank, NJ 07701


TechSectorStocks.com - investing ideas in tech stocks - mobile payments, social media, AI and Robotics, Drone Stocks, GPS, Internet of Things (IoT)

Like Tech Stocks? View our Tech Stocks Directory  Get News Alerts on Tech Stocks


More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max



Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner