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New Listing: SQID Technologies Limited (CSE:SQID)

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Headquartered in Australia, SQID is a payment processor with proprietary software for online debit or credit card payments for both retail and wholesale transactions.

Additional Information:

Company: SQID Technologies Limited
Website: http://www.sqidpay.com
Stock Symbol: CSE: SQID
Date Published: Jan 21, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

SQID Technologies Limited is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “SQID”.

Headquartered in Australia, SQID is a payment processor with proprietary software for online debit or credit card payments for both retail and wholesale transactions.

It provides merchant services and transaction processing to business merchants and e-commerce customers across both ‘Business to Business’ and ‘Business to Consumer’ segments to bridge both retail and wholesale transactions through its platform.

Peter Hall, CEO, stated: “Our public listing on the CSE is a great accomplishment for the team and shareholders in creating shareholder value allowing investors to participate in our continued success. We can now continue to execute on our business plan to expand our platform and continue to work in becoming a leading global payment processor.”

SQID provides a powerful API and integration tools, including wordpress integration, to help merchants customize their payment solutions to fit their business needs.

The company differentiates itself from its competitors by solving specific payment challenges faced by merchants.

It attracts quality merchants and services them at a much higher margin than its competitors.

SQID's uniqueness is its tools that allow the referrer to onboard their clients and a merchant account at the same time and then share in the fee revenue through smart settlements.

This is ideal for partners like franchisors that enroll new franchisees, provide a merchant account and have a fee from franchisee revenue.

The model also applies to the merchants who have downstream customers such as education companies and SaaS businesses that license their software but seek to also share in the fee revenue from their clients.

These partner customers often sign up additional merchants to the SQID payment platform providing growth in transaction volume for SQID while maintaining attractive margins.

The company has reported eight consecutive quarters of profitability.

For the fiscal year 2019, the company handled 794,000 transactions for a total of $163 million.

The shares are current bid at $0.22 with no shares offered.

For more information, please visit the company’s website www.sqidpay.com, contact John O’Connor, Director, at 604-594-5868 or by email at investors@sqidpay.com.

I’m Megan Edwards for Investmentpitch Media