Xalles Holdings Inc. announces the broadcast of its exclusive audio interview with NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) solution that delivers clients unparalleled visibility, recognition and brand awareness in the investment community.
Xalles Holdings CEO Thomas Nash joins NNW’s Stuart Smith for a look at the company’s unique position as a fintech holding company well-positioned to leverage blockchain and other technologies to create recurring revenue streams.
“Our specialty areas are really around commerce and the financial transactions related to commerce, payment systems and solutions primarily, and other related technologies that support financial services,” Nash explains, noting that Xalles has a number of operating subsidiaries as well as strategic partners to drive revenue and asset appreciation.
The common element to all acquired entities and projects is a business model that involves setting up a payment or financial transaction “toll gate,” thereby creating a recurring revenue stream. Xalles’ business plan focuses on consumer, business and government-oriented payment and financial reconciliation transactions. By combining its proprietary blockchain decentralized financial ledger platform, X2X Solutions, with the company’s existing transaction reconciliation system design, Xalles is building technology that supports payment audits, exchanges, and new business models and opportunities worldwide.
Xalles is now concluding its acquisition of LYC Mortgage, LLC, a multistate-licensed, direct mortgage lender headquartered in the northeastern U.S, and recently entered into a revenue sharing agreement with ATN Trading (All The Numbers Trading Company, LLC).
“ATN Trading has an automated cryptocurrency trading engine. We’re very excited about getting deeper into this market,” Nash said, adding that there is a revenue sharing agreement for clients and institutions that Xalles can bring to the ATN Trading engine. “But we also plan on expanding our own company’s use of it for additional growth.”
In conclusion, Nash said Xalles is uniquely positioned in the fintech space to partner with or acquire established financial services companies and to help cross-pollinate or provide crossover technical expertise and solutions to some of the newer startups and disruptors.