FFG 8.33% 1.1¢ fatfish group limited

FFG bought Jazzypay, page-7

  1. 285 Posts.
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    Some further information on the recent JazzyPay acquisition.
    ASEAN Fintech Group (“AFG”), is a venture corporation that concentrates in accelerating fintech adoption through accretive value.
    AFG has acquired JazzyPay Inc for US$1.8m (approx AU$2.54m).

    JazzyPay is a digital payments provider that allows businesses of various sizes and types to accept cashless payments securely and seamlessly.

    The acquisition builds on AFG’s vision to create a regional omnichannel platform in the fintech space.
    AFG’s 2022 goals include expansion into Vietnam and Cambodia.
    AFG is 53% owned by Abelco which in turn is 50.1% owned by Fat Fish Group.
    In 2021,AFG spent over US$10m on investing in the ASEAN region.
    AFG also owns 36.5% of Fatberry and 49.4% of Smartfunding.
    Fatfish Group's MV currently ascribes no value to holdings apart from ownership of approx.30% of ICI and 50.1% of Abelco.
    IMO, FFG is significantly undervalued.
    DYOR

 
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