HWGC Holdings Limited
HWGC
Other OTC3.00
USD
+0.01
- -
HWGC Holdings Limited
HWGC
(Other OTC)
Recent
price
3.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- HWGC Holdings Limited (HWGC) operates as a fintech holding company providing digital banking and payment processing solutions through subsidiaries including Fintech Scion Limited and HWGG Capital P.L.C.; it offers a layered merchant payment ecosystem (MPE) encompassing payment services provider (PSP) solutions under the FintechCashier brand, business accounts in multiple currencies, SEPA and SWIFT settlements, foreign exchange conversions, debit and credit card acquiring, and white-label platforms for customized merchant back offices. The company delivers these via a PCI DSS Level 1 compliant gateway supporting end-to-end transactions, mobile/contactless/QR payments, virtual IBAN issuing, integrated POS, risk management, and reporting tools across business-to-business, business-to-consumer, and consumer-to-business verticals such as hospitality, e-gaming, retail, and e-commerce; services target SMEs, enterprises, and online businesses seeking global pay-in/pay-out capabilities with SaaS delivery and pay-as-you-go pricing. Founded in 2013 as Albero Corp. in Nevada, USA, it rebranded to Vitaxel Group Limited in 2016—shifting from multi-level marketing in travel, entertainment, and e-commerce via subsidiaries like Vitaxel Sdn Bhd—to HWGC Holdings Limited in March 2022, with headquarters at 2 Portman Street, London, W1H 6DU, United Kingdom, and operations in Malaysia, Labuan, and Kazakhstan. Recent developments include the July 2022 share exchange acquiring HWGG Capital P.L.C. (closed November 2022) for blockchain-enhanced finance; August 2022 share exchange acquiring UK-based Fintech Scion Limited (closed November 2022) in a $61 million reverse merger establishing it as a payment consultancy; and December 2022 divestiture of Vitaxel Sdn Bhd and Vitaxel Online Mall Sdn Bhd to streamline focus on payments, alongside pursuits of a USD 25 million funding round for global expansion. HWGC serves merchants globally with multilingual support, GDPR compliance, and integrations to over 280 providers, generating revenue primarily from transaction processing fees, fixed per-transaction charges, and value-added services while emphasizing high merchant retention through automated onboarding and customer support.