Unlocking the Future of Fintech Through Strategic E-Gift Card Innovation and Aggressive Expansion to 2025 Investing.com
NEW YORK – (NewMediaWire) – December 31, 2024 – Accredited Solutions, Inc. (OTC: ASII) (“Accredited Solutions” or the “Company”), the parent company of Diamond Creek Water LLC, a forward-thinking innovator in the fintech space, is excited to share this year-end message with our valued shareholders, outlining our vision to capitalize on the transformative the potential of the digital payment landscape.
Dear shareholders,
As 2024 draws to a close, I am filled with great optimism for the future of Accredited Solutions. This year was not only a turning point in the e-gift card market; it was about strategically positioning our company at the forefront of the rapidly developing fintech revolution. Your unwavering support has been crucial along this journey and I am deeply grateful for the trust you have placed in us.
2024: key year – establishment of our Fintech foundation
We didn’t just participate in the e-gift card market in 2024; we strategically used it as a springboard into the wider world of financial technology. We have achieved significant milestones that have enabled us to capitalize on the vast opportunities within the digital payments ecosystem:
Record Revenue: A Sign of Things to Come: November 2024 saw a phenomenal 37% increase in revenue compared to October. This isn’t just a number, it’s a testament to the power and scalability of our evolving fintech platform powered by Globetopper’s API.
Globetopper Acquisition: Our Gateway to the Fintech Universe: Our strategic acquisition of Globetopper in October was a defining moment. The fintech powerhouse’s API technology is the key, unlocking seamless integration with a large network of partners, including e-wallets, payment processors and other fintech innovators. We now have a powerful engine to facilitate digital transactions far beyond traditional gift cards. This is similar to other major players, as evidenced by Giftee’s $30 million acquisition of YOUGotaGift.
E-Gift Cards: A Springboard for the Bigger Fintech Game: While the e-gift card market, projected to reach $2.1 trillion by 2030, is a significant opportunity in itself, it is also a strategic entry point. Globetopper’s API allows us to take advantage of the growing use of gift cards as a form of stored value, similar to digital currencies, that consumers use for platforms such as Amazon (NASDAQ: ), Best Buy (NYSE: ), and other major retailers. Ease of use and affordability of e-gift cards turn them into powerful financial tools.
Balance Sheet Cleaning and Net Income Positive by 2024: Paving the Way for Financially Sustainable Growth: We have dramatically strengthened our financial health, improving our equity from approximately -$7,164 million to -$1,176 million. This significant balance sheet cleanup, including the elimination of all outstanding convertible debt, provides a solid foundation for aggressive growth. The acquisition of Globetopper is expected to bring a positive balance sheet soon, further strengthening our financial foundations for continued aggressive fintech expansion. Additionally, based on the balance sheet cleanup and consolidation of Globetopper, the company is expected to post positive net income in 2024.
Visionary Leadership for the Future of Fintech: Bringing Ben Farzam as our COO has infused our team with invaluable Fintech and Telecom expertise. Ben’s strategic vision is focused on leveraging the full potential of our platform to become a dominant force in the digital payments landscape.
USD 750 million revenue target: proof of our Fintech ambition: Our ambitious five-year target to reach USD 750 million in revenue is not just a goal; it is a reflection of our deep belief in our potential to revolutionize the fintech space through strategic acquisitions and organic growth, powered by our innovative platform.
The future is Fintech: beyond e-gift cards to global digital payments and accelerated growth through acquisitions
While 2024 has been a year of remarkable achievements, what truly excites me is the enormous fintech opportunity that lies ahead. We’re not just riding the wave of the e-gift card boom; we are using it to push ourselves into a much larger and more transformative market. Furthermore, now that we have a comfortable journey with Globetopper, the management team is positioned for additional acquisitions. Shareholders can expect further acquisitions over the next year, as well as other fintech initiatives that we look forward to announcing, hopefully in the first quarter. This fits perfectly with our organic growth and acquisition strategy.
Our competitive advantage in the Fintech revolution:
Globetopper’s API: Universal Connector: Globetopper’s API acts as a universal connector, seamlessly integrating with e-wallets, remittance platforms and a wide range of fintech solutions. This allows us to facilitate secure and efficient digital transactions across borders and across platforms.
Gift Cards as Stores of Value and International Remittances: We are capitalizing on the growing trend of using gift cards as a form of stored value and tool for international remittances. Globetopper’s API allows us to capitalize on this trend, offering a faster, cheaper and more accessible alternative to traditional remittance methods, especially in underbanked communities, as they can be used as a much cheaper remittance instrument than traditional methods.
Data-driven fintech innovation: We use data analytics to understand consumer behavior and optimize digital payment experiences, providing valuable insights to our partners and driving innovation in areas such as microloans, loyalty programs and personalized financial services.
Beyond the numbers: A culture of Fintech innovation and people-centric growth
Our success is built on the foundation of our exceptional team. Their passion, dedication and ingenuity are the driving force behind our innovations in the fintech space. We are dedicated to fostering a culture of collaboration, creativity and continuous learning, where each individual feels empowered to contribute to shaping the future of finance with their unique talent.
Thank you for being an integral part of the Accredited Solutions journey. The future is bright, and together we will achieve extraordinary things in the world of financial technology.
Best regards,
Eduardo Brito, Chief Executive Officer
Relevant links:
Globetopper Acquisition Press Release
Details of convertible debt restructuring
Plan to reach $750 million in annual revenue
Safe harbor statement:
Statements in this press release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements expressing our intentions, beliefs, expectations, strategies, predictions or any other statements regarding our future operations or other future events or conditions. These statements are based on current expectations, estimates and projections about our business that are based in part on management’s assumptions. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and likely will, differ materially from those expressed or anticipated in the forward-looking statements due to a number of factors. All forward-looking statements speak only as of the date of this news release, and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
Accredited Solutions, Inc. Contact:
info@accreditedsolutions.com
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Twitter: @asii_Inc
Source:
Accredited Solutions, Inc.
https://www.globetopper.com/
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