DRP Journal

Discover Research Profit

Finance 

XTM Inc (OTCMKTS:XTMIF) Stock In Focus After Acquisition News

Ian Leigh

Given the developments from last Friday, it could be a good time for investors to consider taking a look at the XTM Inc
(OTCMKTS: XTMIF) stock. The company is based out of Toronto and Miami and is involved in the financial technology sector. It is focused on developing disruptive payment products.

XTM Announces Proposed Acquisition of Certified EWA Solution & Processor, QRails

Last Friday the company announced that it was looking to acquire the payments issuer-processor firm QRails Inc. Additionally, QRails is also one of the few companies to offer vertically integrated earned wage access. It currently boasts operations in both the United States and the United Kingdom and is registered as per the laws of the state of Delaware.

QRails has come up with its state-of-the-art issuer-processor platform named AnyDay. The product has been white-labeled by a number of Human Resources and Payroll Solutions Providers all over the world. Additionally, the product is fully compatible and integrated with a number of payroll and time and attendance systems which are in use in many parts of the world. Hence, if XTM does manage to acquire QRails then it could well prove to be a major move for the company and could help the company bring about considerable growth.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.