Palayan Resources Inc (OTCMKTS: PLYN) En route North as Co-Signing Memorandum of Understanding to Acquire Global FinTech Company

Palayan Resources Inc (OTCMKTS: PLYN) is heading north on a recent trade from its $ 0.05 base where it had held steady for some time. The action was quickly noticed by investors and the volume increased significantly, with PLYN trading at $ 750,000 in dollar volume on Friday alone.

PLYN is on the move after the company announced it signed a “memorandum of understanding” to acquire a global FinTech company in the money transfer industry. The company, which has asked not to be identified at this time, is present in the global market. PLYN CEO James E. Jenkins said, “The company with which Palayan signed the MoU is expected to reach over $ 1 billion in transaction volume by 2023. The company has established a vast global network of partners and has an experienced management team. in place to create shareholder value. It is a FinTech company that has developed a robust platform for digital payment, financial technology and private lending solutions, including blockchain technology. Their global market opportunity is excellent.

Palayan Resources Inc (OTCMKTS: PLYN) operating out of Lady Lake, Fla., Is a fully reporting, publicly traded, emerging growth company focused on seeking acquisition opportunities that can benefit private companies through PLYN’s public status, by acquiring income-generating transactions. PLYN was incorporated on July 26, 2013 under the laws of the State of Nevada. The company has a healthy balance sheet with very little debt on the books and a tight stock structure with only 35,973,557 shares outstanding and a total market valuation of $ 3,093,726.

The company is led by CEO James Jenkins, a seasoned executive with many years of work in senior management, manufacturing operations, public company SEC experience to include CEO and COB, investment bank, real estate and the commodities market. Over the past 5 years, Mr. Jenkins has primarily structured financial transactions as an independent consultant, structured financial transactions, drafted business plans, private placement memorandums and held executive positions as chairman through Interim, CEO, CFO and Compliance Officer as well as serving on Boards of Directors and Advisors. He has over 26 years of experience raising capital and structuring financial transactions in the manufacturing, real estate and commodities sectors. He has extensive trading experience including public offerings, private placements and M&A transactions, bond offerings, commercial real estate construction and commodities. He has managed multiple functions including finance, operations, due diligence, and has experience with financial institutions, investors and stock exchanges.

To find the inside scoop on PLYN, subscribe to Microcapdaily.com now by entering your email in the box below

PHIL

On December 15, PLYN announced the signing of a “Memorandum of Understanding” for the acquisition of a global FinTech company in the money transfer industry. The company, which has asked not to be identified at this time, is present in the global market. The transaction was initiated by C2C Business Strategies, LLC, which serves as strategic advisor to Palayan Resources. C2C Business Strategies is the management arm of C2C Private Investment Company. The transaction is subject to standard due diligence, including audited financial statements for the FinTech company.

PLYN CEO James E. Jenkins said, “The company with which Palayan signed the MoU is expected to reach over $ 1 billion in transaction volume by 2023. The company has established a vast global network of partners and has an experienced management team. in place to create shareholder value. It is a FinTech company that has developed a robust platform for digital payment, financial technology and private lending solutions, including blockchain technology. Their global market opportunity is excellent.

FinTech is a great place; according to a recent report from ResearchAndMarkets.com offering: “The growing popularity of digital payments, increasing investment in technology solutions, favorable government regulations, increased adoption of IOT devices are expected to positively influence the global market for financial technologies in the years to come. The global FinTech market was valued at USD 7301.78 billion in 2020 and is expected to grow at a CAGR of 26.87% during the forecast period.

To learn more about PLYN, subscribe now!

PLYN is heading north on a recent trade from its $ 0.05 base where it had been stable for some time. The action was quickly noticed by investors and the volume increased significantly, with PLYN trading at $ 750,000 in dollar volume on Friday alone. PLYN is on the move after the company announced it signed a “memorandum of understanding” to acquire a global FinTech company in the money transfer industry. The company, which has asked not to be identified at this time, is present in the global market. PLYN CEO James E. Jenkins said, “The company with which Palayan signed the MoU is expected to reach over $ 1 billion in transaction volume by 2023. The company has established a vast global network of partners and has an experienced management team. in place to create shareholder value. It is a FinTech company that has developed a robust platform for digital payment, financial technology and private lending solutions, including blockchain technology. Their global market opportunity is excellent. We’ll be updating on PLYN, so be sure to subscribe to Microcapdaily so you know what’s going on with PLYN.

Disclosure: We do not hold any position in PLYNE long or short and we were not paid for this article.



Source link

Comments are closed.