Fintech Ecosystem Development Corp. (NASDAQ: FEXD) is a special-purpose acquisition company formed to develop a global financial technology system. “FEXD’s goal is to identify and engage in a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with a business – or more – that has developed or is developing technology that enables communities and companies to store and transfer money within developing countries and across international borders. To achieve this, the company, led by CEO and Founder Dr. Saiful Khandaker, plans to leverage its management team’s experience in the fintech sector to identify high-growth targets primarily operating in South Asia with a high volume of customers and growing demand… FEXD hopes this team’s significant operating and transaction experience, a broad network of contacts around the world, and relationships with companies will help it identify – and potentially close – a number of business combination targets. So far, these factors have led to the identification and entry into a definitive agreement with Mobitech International LLC (dba Afinoz), a limited liability company organized in the United Arab Emirates,” a recent article reads. “Beyond identifying the potential targets, FEXD also aims to leverage emerging technologies to reduce costs and processing times, improve the money delivery process, and create real-time settlements.”
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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 business and technology innovators. For more information about the company, please visit www.FintechEcosys.com.
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