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● VCI Global, a Malaysia basedFintechand consulting group, frequently raisesCapitalthrough securities offerings.
● Zhibao Technology is a small China based company providing digital insurance brokerage and technology services.
● OLB shares rose 41.86% to $0.55 in Thursday’s October 8 session, placing the sub-dollar stock high on the day’s percentage leaderboard.
● The gain came as theNasdaqComposite fell about 1.25% and only the Dow managed a small gain.
●GAAPNet Incomewas $47,000, though the six-month result was a $15.7 million loss.
● Net interestMarginwidened to 4.00% from 3.78% a year earlier.
● AdjustedEarnings Per Sharerose 36% to $7.00, despite a $100 million FTC settlement charge.
● Total paymentVolumerose 38.2% to $8.2 billion, with Adjusted EBITDA up 44.5%.
● Cash collections rose 4% to $559 million, with portfolio purchases of $297 million in the quarter.
● SendVolumerose 27% to $23.5 billion, while active customers grew 20% to 10.2 million.
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