Vaycaychella Inc (OTCMKTS:VAYK) Stock Gains: Company’s Alternative Property Finance App Garners New Investment Interest
Technology company, Vaycaychella Inc (OTCMKTS:VAYK) is engaged in the short-term vacation property rental market in the United States. Through Vaycaychella solution, a peer-to-peer software application, the company supports entrepreneurs in financing acquisition as well as renovation of short-term vacation rental properties. Based in Las Vegas, Nevada, the firm was earlier known as World Series of Golf Inc but changed the name to Vaycaychella Inc. in November 2021.
Market Stats
On Tuesday, VAYK stock moved up 5.56% to $0.0019 with more than 302K shares, compared to its average volume of 1.6 million shares. The stock moved within a range of $0.0018 – 0.0019 after opening trading at $0.0019.
VAYK Alternative Property Finance App Garners New Investment Interest
Vaycaychella Inc had introduced an award-winning Peer-2-Peer Alternative Finance Application for sourcing financing and purchasing income-producing vacation properties. The firm released updates on plans for adding new functionality to the app. The firm on July 26, 2022, announced an update on new functionality that had got interest from the new investor. The company-initiated discussions that can result in fresh strategic investment before the end of quarter three.
VAYK Expands App Development For Alt Income Producing Vacation Property Finance
Vaycaychella Inc on July 12, 2022, announced that the firm is focusing efforts on software development as well as making new functionality, which it would launch when economic conditions are ideal for supporting new products.
Bill Justice, CEO of VAYK said that the market, as well as the economy, are not suitable for early-stage companies aiming at funding fresh developments and introducing new products. Justice he confident in the company’s vision for introducing technologies that can grow the short-term rental vacation property market.
The CEO said that the firm has deferred launching fresh functionality waiting for improved market conditions. Justice also said that the firm is developing fresh functionality, which would be launched under improved market conditions. VAYK is anticipating soft launching fresh functionality for micro-testing market receptivity. It is conserving resources and monitoring economic conditions to look at the introduction of new functionality.
VAYK Plans To Expand In Cuba As Biden Administration Expands Access To Microfinance
The company on May 27, 2022, published a presentation on its plans for integrating alternative short-term vacation rental purchase finance technology into an existing portfolio of properties in Cuba. The U.S State Department had earlier announced rolling back several sanctions against Cuba. These include the opening of U.S. flights to multiple Cuban airports, higher remittances to Cuban citizens from U.S. residents as well an initiative to ameliorate Cuban entrepreneurs access to microfinance.
VAYK launched a pilot short-term vacation rental business in Cuba in 2018. The company backed the renovation of ten Art Deco-style beach properties built in the 1930s and 1940s. Since then, it has added a small boutique hotel in Havana.
The Cuba pilot served as a model for its design and launch of the award-winning Peer-2-Peer Alternative Finance Application. This will source financing to purchase income-producing vacation properties. The company is participating in a fresh program for expanding the pilot and opening opportunities to more entrepreneurs and investors.
Traders Corner
VAYK stock is trading below the 20-Day and 50-Day Moving averages of $0.0020 and $0.0025. Moreover, the stock is trading below the 200-Day moving average of $0.0062.
