Fintech holding company Xalles Holdings (OTC: XALL) today announced the execution of a share exchange agreement to acquire Gateway Innovations Limited, a Ghana-based company investing in the fintech and information technology market in Africa. Per the agreement, Gateway will become a wholly owned subsidiary of XALL in exchange for restricted shares in the company. The agreement specifies a February 14, 2020 closing date for the transaction. Additional details of the projects will be released following the Closing event. “We are pleased to announce this acquisition as a step towards establishing a series of strategic global fintech centers and even more pleased that the first of its kind will be based in the high growth market of Ghana in West Africa,” Xalles Holdings CEO Thomas Nash stated in the news release. “I have known and worked with Gateways founders since 2006 and the combined skills and experience of the management team plus the unique opportunity this project presents financially will provide a considerable asset and income value to Xalles.”
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About Xalles Holdings Inc.
Xalles Holdings is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (“TAM”) and lucrative exit opportunities. The company places an emphasis on leveraging blockchain technologies to provide industry-leading financial reconciliation and auditing solutions that, over time, will allow for the capture of recurring revenue streams. For more information, visit the company’s website at www.Xalles.com.
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