The development of a proprietary multi-asset trading platform is complicated & expensive. Robinhood spent close to $176 million in development and marketing at the launch. Several legacy financial companies license from off-the-shelf software providers thus offering identical trading experiences and increasing the potential for errors.
Legacy financial companies face challenges in wining the digital race, expanding digital customer base, increasing profits while decreasing costs, going to market fast with new fintech offerings, reducing operational risks, and maintaining regulatory compliance.
Legacy financial companies need infrastructure modernization, rapid implementation of digital fintech capabilities, unique end-user experiences, minimize technical errors, and expertise in development of future-proof fintech solutions.
End-users of legacy financial companies expect to trade multi-assets from a single account, gamified user-experience, mobility, analytics, data quality and integrity, speed, accuracy, and security.
FDC is led by a team with in-depth knowledge of building successful FX broker businesses.
The Company has developed over 8 million codes with 15+ years of fintech software development, including a multi-asset margin trading platform for FX/Crypto/Stock/ETF, risk management, back-office, pricing/liquidity hub, and other fintech solutions.
Condor Multi-Asset Pro
A fully customizable multi-asset trading platform, back-office, CRM, and brokerage Software Solutions to legacy financial companies.
FDC develops all components of technology infrastructure in-house and assigns a dedicated team and a senior developer to each client.
FDC offers a full suite of multi-asset trading technology infrastructure and Software Solutions at a competitive price.
License or Own
Through the sale of basic source code, legacy financial companies can customize and brand the platform as a proprietary offering.
CEO's Interviewon FDC's Business
ABOUT FDCTECH, INC.
FDC was established on January 21, 2016, in the state of Delaware and became a fully reporting company effective August 6, 2018. FDC began trading as of Q4, 2019 on OTCQB.
Fintech & Business Development
Mitch Eaglstein and Imran Firoz co-founded the Company in 2016. Each member of FDC’s senior management has dedicated over fifteen years C-level experience in the fintech industry.
As of 09/30/21, the market value of FDC is $8.54 million (88,911,264 shares @ $0.096). Officers & Directors as a group of five = 56.50%, assuming all shares are sold based on S-1/A dated 10/13/21.
Technology, Software, and Consulting
The Company generates revenue through license/white-label/volume-based platform fees and customized software development for customers.
Common & Preferred
As of September 30, 2021, total common issued and outstanding = 88,911,264, float = 17,979,667, and total Series A preferred issued and outstanding = 4,000,000.
FDC earns fees on volume traded if a Forex Broker is connected to FDC's liquidity hub using the robust Condor Gateway. The hub connects multi-asset market participants to over 200 leading providers of Forex, cryptocurrencies, and CFD at a fractional cost compared to other conventional trading technology.
Ours is an exceptional Company with an extraordinary team of industry experts and a promising future. To be sure, our brightest days are before us; we look to execute our go-to-market strategies, seek strategic acquisitions, build industry partnerships, and increase shareholder value.
We are aggressively signing licensing agreements and onboarding brokers to our trading platform.
VOLUME BASED FEES
We have tested and integrated Condor Multi-Asset Pro to several liquidity hubs in the FX and Crypto markets where we expect to earn volume-based fees.
We are actively seeking acquisition opportunities to acquire, integrate, transform, and scale small to medium size legacy financial services companies.
2021 & BEYOND
The Company expects to lauch a simplified and gamified Condor For All platform for US and non-US brokerages by Q1/22 and Robo Advice Platform for the Australian market in Q2/22.