Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 616.7K |
Gross Profit | -616.7K |
Operating Expense | 616.7K |
Operating I/L | 1,554.4K |
Other Income/Expense | -605.8K |
Interest Income | 1,269.1K |
Pretax | 948.5K |
Income Tax Expense | 256.0K |
Net Income/Loss | 692.5K |
Fintech Ecosystem Development Corp. is a blank check company that focuses on identifying and acquiring businesses in the financial technology sector. As a blank check company, it raises capital through an initial public offering (IPO) and then seeks to merge with a private company, thereby taking it public without going through the traditional IPO process. Fintech Ecosystem Development Corp. generates revenue through the acquisition and subsequent growth of the companies it merges with, aiming to capitalize on the opportunities within the fintech industry.