JR Holding ASI acquired a total of 1.34 million shares of Femion Technology listed on NewConnect for over PLN 1.2 million, the company said. As a result of the investment, JR Holding will achieve 7.76% of the share capital of Femion.
JRH’s capital involvement in Femion is the result of the implementation of JRH’s development strategy for 2020-2022 consisting in investments in prospective industries, including those related to new technologies and modern media, digital business, artificial intelligence, renewable energy sources, production and publishing of computer games and biotechnology.
“Femion as a pioneer in the fintech industry, and in particular in open banking, is part of our strategy of investing in prospective entities operating in the digital business area. We are convinced that this company, operating in strongly growing segments of the financial market, will be a strong element of our portfolio,” said Artur Jedynak, vice president of JR Holding.
Femion is intensively developing software and services in its subsidiaries using open banking, artificial intelligence, money transfers, deferred payments, e-scoring or B2B debt collection in the subscription model, also having the authorization of the Polish Financial Supervision Authority to provide payment services, it was reported.
“The funds obtained from this issue will allow us to further dynamic development of our digital services, and will bring us closer to achieving our strategic goals. We also hope that we will be able to benefit from the experience and support of JR Holding in our further plans. We believe that the investment in our the company will bring JR Holding and all other shareholders high rates of return,” added the president of Femion Technology, Jarosław Olejarz.
A few days ago, Femion announced the launch of the Vibil platform for monitoring and collection of invoices for small entrepreneurs. The service will be offered in a subscription model.
JR Holding ASI S.A. is a company listed on the NewConnect market since 2012, focusing on investment activities and involvement in companies from the following industries: digital business, renewable energy sources, computer games, medical, biotechnology and modern media. According to the strategy, the company intends to achieve the value of assets in the investment portfolio at the level of PLN 3 billion by the end of 2022, start first investments in foreign and global companies, and in the years 2021-2022, invest PLN 200-500 million, including in projects in the area of digital business. The company has started the process of transferring quotations from NewConnect to the main market of the Warsaw Stock Exchange.
Source: JR Holding ASI and ISBnews
