Fintech holding company, Xalles Holdings Inc. (OTCMKTS:XALL), has announced on March 31, 2023, that it has completed all three of its acquisitions, which were previously announced in March, via Share Exchange Agreements. Xalles Holdings Inc. is involved in direct investments in disruptive fintech companies. It focuses on acquisition targets where it can invest and boost growth, while seeking out organizations that have stellar management teams, solid business models, large total attainable markets (TAM), and lucrative exit opportunities.
Xalles Completes Acquisitions Announced During March
Xalles Holdings CEO Thomas Nash is thrilled with the three acquisitions. He is confident their strategic contributions will ensure excellent financial growth in the year 2023. It is projected that these companies are going to lead to approximately $25 million in revenue.
One of the transactions includes Florida-based Loyalty Superstore, Inc. that has brands of National Mall, National Mall Plus and Local Thanks, under its umbrella. It is now a wholly owned subsidiary under Xalles Financial Services Inc. The other acquisitions are Texas-based Capital Innovations Management, LLC and InnovationsHR, Inc., which are both wholly owned subsidiaries under Xalles Technology Inc. The former provides domestic staffing services, while the latter is in the Professional Employer Organization (PEO) market and has partnered with Ovation Health.