Filing of March 31, 2025 Financial Statements with OTC Markets
- RHCO
- 3 days ago
- 2 min read
READEN HOLDING CORPORATION (OTC PINK: RHCO), a leading Venture Capital Corporation specializing in Fintech, Online Payment, and E-commerce, today announced the filing of its financial statements for the period ending March 31, 2025, with OTC Markets Disclosure & News Service.
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For the quarter, RHCO reported a net profit of $1,479,738, more than doubling the $709,052 reported for the prior period ending December 31, 2024. Total revenue rose to $8.97 million, up more than 56%, with gross profit reaching $2.31 million, reflecting increased demand for the company’s fintech and digital payment services. These results underscore RHCO’s continued ability to scale operations while delivering strong profitability.
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A major contributor to this performance remains Readies, RHCO’s blockchain-powered hybrid payment platform, operated through Finexeble S.R.O., a licensed subsidiary in the Czech Republic. Readies continues to evolve as a powerful ecosystem bridging traditional and crypto finance, offering faster transactions, lower fees, and expanded cross-border capabilities. Enhanced fraud protection and technical upgrades have further increased adoption and transaction volume across regions.
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RHCO is actively accelerating its international footprint. Notable recent developments include its entry into the Japanese market through a licensing agreement with TGG Ventures Limited and a business partnership with Japan’s Quantum Solutions Co., Ltd. (TSE Code: 2338). This alliance is designed to drive localized promotion and expansion of the Readies platform across Japan’s highly developed digital economy.
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In addition, RHCO is establishing a new operating office in Dubai, one of the world’s leading fintech and crypto hubs. Already licensed under a Virtual Asset Service Provider (VASP) framework, the company is now in the process of securing a Virtual Assets Regulatory Authority (VARA) license, enabling it to operate a broader range of regulated crypto activities in the UAE. This expansion is expected to increase RHCO’s crypto-related business volume by up to five times, leveraging Dubai’s robust and forward-thinking regulatory landscape.
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In line with its commitment to innovation and operational scalability, RHCO is also rapidly advancing its development of proprietary AI agents to automate key business functions, enhance customer interactions, and optimize internal workflows. The deployment of AI is already contributing to reduced operational costs and is expected to significantly increase revenue efficiency over the coming months. RHCO anticipates a month-over-month compounding benefit, as automation enables the company to scale revenue without a corresponding rise in expenses, creating a powerful multiplier effect on profitability.
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Ridzky Berg, CEO of RHCO, commented: "This was another strong quarter that validates our strategy and execution. Our expansion into key global markets, such as Japan and Dubai, is opening new frontiers for growth. Meanwhile, our investment in AI is rapidly transforming how we operate, helping us streamline costs and deliver more with less. We are confident that these AI-driven efficiencies will accelerate our revenue potential in the months ahead. As we move further into 2025, our focus remains on innovation, scale, and delivering sustainable value for our shareholders."