READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation active in the Fintech, Online Payment and E-commerce industries, released some excellent earnings on February 13th.
Revenue: Q4 2022 up 152% over Q3 2022
Revenue: FY 2022 up 665.25% over FY 2021
Q4 2022 PROFIT; USD$822,344% up 1,414% over Q3 2022
Richard Klitsie, CEO of RHCO, stated, “For many companies, the past two years have been very difficult due to Covid situations. Our Company managed to keep on building, developing and exploring under the same circumstances, because we always believe in the future of Fintech and E-Commerce and would not give in easily.”
What is Fintech?
- Fintech refers to integrating technology into offerings by financial services companies to improve their use and delivery to consumers.
- It primarily works by unbundling offerings by such firms and creating new markets for them.
- Startups disrupt incumbents in the finance industry by expanding financial inclusion and using technology to cut operational costs.
- Fintech funding is on the rise, but regulatory problems exist.
- Examples of fintech applications include Robo-advisors, payments apps, peer-to-peer (P2P) lending apps, investment apps, and crypto apps.
There is little doubt that the Fintech and Online Payments sector is growing. This growth provides the backdrop for the rapid growth YoY of Readen: Provides the stage for the Company’s exceptional short- and long-term growth.
Fintech Market Size 2023 to 2027.
- The global fintech market is estimated to be worth $165.17 billion
- The fintech space is set to surpass $400 billion by 2027
- The fintech market is growing at a CAGR of 25.18%
- Over 26,000 fintech startups were launched in 2021
- In total, an estimated $8.49 trillion of digital payments were made in 2022
As well, a development that caused Amazon to ban Chinese merchants, “Amazon has said that it issued the bans after repeated warnings over manipulated reviews and that no seller has been targeted by nationality. Meanwhile, in Chinese media, the sellers have different accounts. They describe paying ever-rising costs while struggling with restrictions on how they sell on the platform.”
This development provided an exploitable opportunity for Readen, which, through subsidiary Neckerman Direct’s platform, has resulted in significant sales growth as 150,000 plus products have been added to fill the Amazon/China void.
Certainly, a market with almost limitless potential. It appears Readen has already figured that out.
Bob Beaty
For over 30 years, Bob Beaty has been explaining concepts and companies to the global investment community. One of the original writers for Jim Cramer’s Thestreet.com, he also wrote for AOL (Can/US), the Globe and Mail, and the Huffington Post. Over that period, he illuminated small-cap companies to investors with wit and pith but mostly opinion and facts. Investing should be fun. Pedantic, staid content is no fun.
Before embarking on his writing career, Bob had a successful international journey in the finance industry. He served as a broker, derivatives product manager, and a Director of London's Credit Suisse subsidiary. His career spanned across major financial hubs including Toronto, Vancouver, and the UK, giving him a unique global perspective. (He is still fondly remembering those English client lunches.)
Other than everything Groucho Marx and George Carlin ever said, Bob lives by a simple credo;
‘Never do anything the person standing in front of you can't understand.’ Hunter S. Thompson.
Let’s go.
