GSTechnologies Ltd

The primary focus for the Group has, since early 2021, been on the GS Fintech Ltd and GS Fintech PTE Ltd subsidiaries in the UK and Singapore respectively, and the Company's expansion into blockchain related technologies applied to the financial services sector, specifically its plans to launch a borderless neobanking platform providing next-generation digital money solutions under the GS Money banner based on three initial use-cases: international money transfers, borderless accounts, and private stablecoin.
Deal price
1.05p
Discount of 14 %
Last Price 1.225p p

Key information

Key information

Sector

Industrial Support Services

Close date

Delivery

Placing price

Last price

Discount

Amount raised

1.05p

1.225 p

14 %

£1,250,000

Company description

The primary focus for the Group has, since early 2021, been on the GS Fintech Ltd and GS Fintech PTE
Ltd subsidiaries in the UK and Singapore respectively, and the Company's expansion into blockchain
related technologies applied to the financial services sector, specifically its plans to launch a borderless
neobanking platform providing next-generation digital money solutions under the GS Money banner
based on three initial use-cases: international money transfers, borderless accounts, and private
stablecoin.

Use of proceeds

The funds raised from the Placing will be principally used to accelerate the implementation of the Group's GS Money strategy, including potentially via further acquisitions.

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