Fintech SPAC Boom Could Ignite Existing Fintechs Like IQST

October 19, 2020 -- InvestorsHub NewsWire -- via pennymillions/IQST -- This past summer saw multiple special purpose acquisition company (SPAC) IPOs targeting the Fintech market:

Fintech catching up on the recent SPAC IPO boom

The acquisitions to be made by these SPACS are still on the horizon. Once those acquisitions start to hit, small public companies already in the Fintech sector could catch the wave to be generated by the coming Fintech SPAC mania.

The Electric Vehicle (EV) sector has already demonstrated this trend where EV SPACs generate overall sector enthusiasm that is reflected in existing small public companies already in the sector. Alternet Systems, Inc. (ALYI), for instance, a small start-up electric mobility company focusing on the electric vehicle market in Africa saw its PPS go from sub penny to $0.05.

iQSTEL, Inc. (IQST) a fully reported public company with audited financials, has been laying down record revenue growth. IQST recently announced setting yet another service level record in the month of September delivering 14.5 million service minutes compared to 12.7 million the month prior. The company reported $4,067,807 in 2016, $7,615,819 in 2017, $13,775,361 in 2018, and $16,327,871 in 2019. Management confidently anticipates reporting another year of dramatic revenue growth for 2020.

At the same time that IQST’s core revenue continues to grow dramatically, the company recently announced the official launch of its new Fintech Division.

Below are of some of the targeted Fintech products and services designed specifically for the global immigrant population:
* Send money domestically and internationally with low fees.
* Send money via SMS using a customized SMS service (smartphone not required).
* Pay utility bills with minimal payment fees (mobile, electricity, gas services).
* VISA debit card solution.

Now could be a good time to start accumulating IQST in anticipation of a coming Fintech SPAC boom.

By Paul Martin

Other stocks on the move today: CTYX, HALB, and OPTI