BERLIN, GERMANY / February 28, 2023
Fast Finance 24 Holding AG: Fast Finance Pay Corp. presents a solid balance sheet for the 2022 financial year and is pleased to announce the successful acquisition of the company OK.de.
Despite extensive capital expenditures, a positive financial statement was achieved with a net profit of 140 thousand US dollars (USD). Equity increased to USD 4.3 million in the 2022 financial year (previous year: USD 1.5 million).
Trade accounts receivable were reduced to USD 580,000, which is only a third compared to the same period last year. At USD 340,000 in 2022, net cash from operations are profitable again too. Detailed company report can be seen here: https://ff24pay-corp.com/filings/
The acquisition of OK.de, achieved by Fast Finance Pay Corp. in Q4 2022, completes Fast Finance Pay Corp. range of e-finance services.
OK.de is a free GDPR compliant email provider based in Germany with currently 2.3 million registered users. In addition to a free e-mail inbox, a professional organizer, the cloud storage OK-Drive and a video and entertainment package, OK.de offers many additional functions.
A particular unique selling point of OK.de is the messenger service OK.secure (as an app for Android and IOS). As such, it offers an unrivaled range of functions: telephony, video calls, chat and messages. All communications are secured end-to-end with military-grade encryption based on blockchain technology.
The Fast Finance Pay Corp. sees itself very well positioned for the new financial year 2023 and is pleased to be able to focus on operational business in 2023 after making necessary strategic decisions in 2022.