Fintech Ecosystem Development Corp. (NASDAQ: FEXD) is constantly exploring new ways to grow and improve the financial sector, specifically in line with creating and growing a global financial services ecosystem that addresses unmet mobile needs. “One area that FEXD is exploring is blockchain technology, an advancement in tech that is changing the remittance industry by doing away with intermediaries in the money transfer process, ultimately making transactions cheaper, faster and more secure… FEXD’s focus on this technology is reflective of the general direction that the industry is taking,” a recent article reads. “FEXD plans to adopt this technology by making strategic acquisitions, which it is confident will also significantly help its annual revenues. ‘We are seeking to acquire and merge with high growth global fintech acquisition targets primarily operating in South Asia with a high volume of customers and a large network of agents,’ noted FEXD’s official communication. FEXD’s management is confident that this approach and these investments will give the company a ‘solid competitive position,’ especially in the emerging Fintech 3.0 global markets, allowing it to provide neo-banking services in the U.S., Mexico, Brazil, and India.”
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About Fintech Ecosystem Development Corp.
Fintech Ecosystem Development is a special purpose acquisition company formed for the purpose of effecting one or more business combinations with an intent to focus on the financial technology sector. The company is sponsored by Revofast LLC and the management team led by CEO, president and founder Dr. Saiful Khandaker and a group of experienced fintech business and technology innovators. For more information about the company, please visit www.FintechEcosys.com.
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