25 Aug 2023
Readen Holding Corporation (OTC Pink: RHCO) Announces Filing of June 30, 2023 Annual Financial Statements with OTC Markets, Earnings Up 364%
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation active in the Fintech, Online Payment, and E-commerce industries, announced today that the Company has filed its financial statements for the year ending June 30, 2023, with OTC Markets Disclosure & News Service.
RHCO reported a significant increase in Revenue of 44% compared to 2022. The Company also achieved remarkable Earnings, up 364% year-over-year, demonstrating its robust performance and potential for sustainable growth.
These outstanding results are a direct consequence of RHCO's steadfast commitment to evolving into a formidable Fintech enterprise. By harnessing the synergies within its portfolio, comprising fully-owned subsidiaries such as OkePay, Oke Partners (OkeApp), and Readies, RHCO is exceptionally well-positioned to capitalize on the burgeoning global E-payment sector.
In particular, Readies, the evolutionary payment solution which made a significant contribution to the Company's revenue in early 2022, has gained momentum again with its new upgraded version utilizing blockchain technologies. The number of merchants and customers using Readies has significantly increased in the past few months, as it caters specifically to merchants operating in high-risk sectors, including Gaming, Gambling, Adult Entertainment, Nutraceuticals, Forex, Online Courses, and more.
In addition to its Fintech endeavors, RHCO's E-commerce and Retail segment shines brightly, with Neckermann Direct operating at full capacity. Neckermann Direct has successfully connected European customers with a wide array of Asian products, adding thousands of popular items daily through a strategic collaboration with AliExpress to facilitate cross-border orders. The growing popularity of Neckermann Direct has brought significant revenue to the Company.
Earlier this week, RHCO announced a full-scale extension of its various payment gateways, allowing merchant partners to accept cryptocurrencies in addition to all conventional payment methods. With this comprehensive extension and upgrade, OkePay, RHCO's primary payment platform, and Readies will offer an expansive array of payment methods. In addition to conventional payment options like Visa, Mastercard, American Express, Union Pay, PayPal, and more, merchants can now seamlessly accept payments from e-wallets (e.g. SEPA, Alipay, WeChat Pay, etc.), direct banking, and, notably, all major cryptocurrencies. This includes but is not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Stellar (XLM), Dash (DASH), Cardano (ADA), and many others. The Company anticipates providing the largest selection of payment options available to merchants and customers in all sectors and markets, with over 200 payment options available. This spectacular development would add extra momentum to the Company, and its growth will certainly accelerate in the coming year.
Harry Westbroek, COO of Fintech RHCO, stated, “We are absolutely thrilled to share these fantastic results that underscore our firm commitment to making waves in the Fintech industry. Our relentless drive for innovation and the strong collaboration among our subsidiaries have paved the way for impressive growth. We're gearing up for even more success as we expand our payment options to include cryptocurrencies, offering a comprehensive solution for our partners and customers. To our valued shareholders, I want to express our sincere gratitude for your unwavering support on this journey. These remarkable achievements wouldn't have been possible without your trust and belief in our vision. We firmly believe that our dedication to excellence and adaptability will keep propelling our growth, placing us squarely at the forefront of the ever-evolving financial technology landscape. Our commitment to creating value for our shareholders remains steadfast, and we look forward to delivering even more promising results in the future."