Finger Motion Annouces $115 million Record GTV

Finger Motion (OTCQB:FNGR) announced record $115 million gross transaction volume over the quarter. This marks a 32% increase from the previous quarter. Finger Motion, based in China provides mobile payments and recharge platform solutions.

As quoted in the press release:

“One of the benefits of uplisting to the OTCQB is greater access to the capital markets” said Martin Shen, CEO of Finger Motion. “We saw this direct benefit come in the form of quick equity infusions, which allowed us to ramp up operations. We are achieving positive sustainable revenue growth in this quarter along with profitability. We are pleased to report that our e-commerce partners are extending to us a small amount of credit, in the form of expedited settlement of transactions, which affords us the opportunity to increase the number of transactions daily. Other large e-commerce players have been closely monitoring our progress, and have started preliminary discussions with us. We expect that additional capital infusions or debt placement will allow us to quickly onboard these very large e-commerce platforms.”

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