RC365 Holding plc’s (LSE:RCGH) subsidiary, Regal Crown Technology, has entered into a five-year strategic partnership with Hong Kong-based Blacksilver Trust to provide a comprehensive suite of fintech services. The agreement covers multi-currency business virtual accounts, secure API connectivity and the modernisation of Blacksilver’s trust management platform. The partnership also marks another commercial rollout of RC365’s recently soft-launched RC3.0 platform.
Work under the agreement will begin immediately, with RC365 set to receive recurring monthly SaaS revenue of US$5,000 per client for each service provided, subject to annual price increases. The contract also offers the potential for additional mandate-related fees. Management said the partnership represents an important commercial achievement, expanding the use of the RC3.0 platform, strengthening the company’s position in the regulated B2B financial services market and creating a growing base of recurring revenue.
RC365’s outlook continues to be affected by weak financial performance, including declining revenue, ongoing losses, elevated leverage and negative cash flow. Technical indicators also remain negative, with the shares trading below key moving averages and a bearish MACD reading. Valuation support remains limited due to the company’s negative earnings and the absence of a dividend.
More about RC365 Holding plc
RC365 Holding plc is a London-listed fintech and payment solutions provider serving customers across East and Southeast Asia through its subsidiaries Regal Crown Technology and HC Capital. The company offers payment gateway services, IT development and support for financial and enterprise resource planning systems, digital remittance, foreign exchange solutions and asset-linked credit card products for multinational businesses, SMEs and individual customers. It also plans to expand into virtual banking services and European markets.
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