RC365 Holding plc (LSE:RCGH) has announced that its subsidiary, RCPAY, has formed a strategic partnership with Hong Kong-based Nexara Capital to provide multi-currency virtual banking accounts, API connectivity and fintech solutions designed to support Nexara’s international growth plans. The agreement marks RCPAY’s first collaboration with a securities and asset management firm licensed by Hong Kong’s Securities and Futures Commission (SFC), extending its RC3.0 virtual account platform into the wealth management sector.
Partnership broadens virtual banking and wealth management services
Under the agreement, RCPAY will deliver its virtual account infrastructure alongside standardised API integration and Wealth Management Software-as-a-Service (SaaS) solutions. The collaboration is intended to streamline financial operations while supporting Nexara’s cross-border business activities.
Both companies have also committed to maintaining rigorous compliance standards, including anti-money laundering (AML), sanctions screening and know-your-customer (KYC) procedures, ensuring the services meet regulatory requirements.
Agreement supports RC365’s regional growth strategy
The partnership strengthens RC365’s efforts to expand its B2B2C fintech ecosystem by increasing the reach of its payment and virtual banking solutions within Hong Kong’s financial services industry.
Management believes the agreement could create additional commercial opportunities as the company builds its presence across Hong Kong and the wider Asian fintech and wealth management markets, while further enhancing the capabilities of its RC3.0 platform.
Financial outlook remains under pressure
RC365 continues to face financial challenges, with declining revenue, ongoing losses, elevated leverage and negative cash flow weighing on its outlook. Market technicals also remain weak, with the share price trading below key moving averages and momentum indicators such as MACD remaining negative.
Valuation metrics provide limited support due to continued negative earnings, while the company does not currently offer a dividend.
About RC365 Holding PLC
RC365 Holding plc is a London-listed fintech and payment solutions provider operating primarily across East and Southeast Asia through its subsidiaries Regal Crown Technology and HC Capital. The group offers payment gateway services, enterprise software support, digital remittance, foreign exchange solutions and asset-linked credit card products for multinational businesses, small and medium-sized enterprises and individual customers. RC365 is also expanding into virtual banking services and pursuing growth opportunities in the UK and European markets.
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