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Fintech Ecosystem Development Corp.

Fintech Ecosystem Development Corp.

FEXDW
Fintech Ecosystem Development Corp.US flagNASDAQ Global Market
0.00
USD
+0.00
- -
74.36MMarket Cap
Fintech Ecosystem Development Corp.
FEXDW
(NASDAQ Global Market)

Recent

price

0.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
TTM
FRC
- -
- -
- -
Revenue per Share
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
Dividend per Share
- -
- -
- -
Book Value per Share
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
Basic Weighted Avg Shares
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Operating Margin (%)
- -
- -
- -
Depreciation Expense
- -
4
2
Net Income, GAAP
- -
7.03
17.16
Effective Tax Rate (%)
- -
- -
- -
Profit Margin (%)
1
-2
-4
Working Capital
- -
- -
- -
LT Debt
108
112
35
Total Equity
- -
- -
- -
Return on Invested Capital (%)
- -
3.48
2.48
Return on Capital (%)
- -
3.49
2.46
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'22
Mar'23
Jun'23
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
7
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Dec'22
Mar'23
Jun'23
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
2
3
4
Payables & Accruals
1
2
3
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
4.56%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
- -
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
- -
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
- -
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
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Business
Fintech Ecosystem Development Corp. Fintech Ecosystem Development Corp. (NASDAQ:FEXDW) operates as a blank check company focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations, primarily targeting financial technology companies in South Asia; it plans to develop a global fintech ecosystem encompassing payments, lending, blockchain solutions, wealth technology, and cashless services for consumers and businesses. Incorporated in 2021 and headquartered at 100 Springhouse Drive, Suite 204, Collegeville, Pennsylvania, the company targets operations across the United States, South Asia, East Asia, Latin America, Africa, and Europe through acquisitions of innovative platforms with scalable potential, large customer bases, and advanced technologies such as artificial intelligence, Web 3.0, and metaverse applications. Core intended offerings include mobile money platforms, cross-border remittances, AI-driven digital lending for middle- and lower-income borrowers via partnerships with banks and non-banking financial companies, and integrated payment technologies to support cashless societies. In September 2022, the company announced definitive agreements to merge with Rana Financial Inc., a U.S.-based money transfer provider serving Latin America corridors with 30,000 active users, and to acquire Mobitech International LLC (dba Afinoz), an AI-enabled digital lending platform in India supporting over two million consumers through top banks and fintech lenders, at combined implied enterprise values of $78 million and $120 million, respectively, with Rana and Afinoz expected to operate as wholly owned subsidiaries; multiple deadline extensions through 2024 reflect ongoing efforts to complete these transactions amid regulatory and stockholder approvals. Sponsored by Revofast LLC and led by CEO Dr. Saiful Khandaker, Fintech Ecosystem Development Corp. continues to pursue strategic growth via mergers in the fintech sector amid a market projected to exceed $3 trillion by 2026.