Banxa Holdings Inc. (TSXV: BNXA)

Summary

Banxa has been operating cryptocurrency exchanges in Australia and abroad since 2014. For six years, it’s been the company’s mission to make cryptocurrency accessible to people around the world. In this time, Banxa has established offices in Australia and throughout Europe, developed exclusive partnerships with retail networks, and built a robust global payment and compliance infrastructure. Now, expert team of Banxa is offering its seasoned cryptocurrency gateway platform to other businesses in the industry.

Stock Chart

Share Structure

As of Jan 6, 2021
Shares Issued 40,710,704
Warrants
Options
Fully Diluted 40,710,704

Investment Highlights

  • Bitcoin & Crypto in general is moving from domain of tech nerds to HNWs, family offices and institutions as a new asset class
  • Banxa has exclusive strategic alliance with Australian Post’s 3500 locations across the country, providing easy-to-use payment and bitcoin delivery function
  • The Total Transaction Volume continues on rapid growth and was over AUD 100 M in the latest quarter (Fiscal year 2021 Q2)
  • Company is currently undervalued comparing to its peers that are listed on Canadian exchanges

Products:

Banxa’s flagship product is a Plug-and-Play fiat onramp which allows seamless access to digital currencies via multiple payment methods.

Banxa’s product line is diversified by a B2B offering via partners, or wholly owned, B2C (direct-to-consumer) websites.  Upcoming products will focus around further development of digital payments, transfers and storage.

Currently, Banxa is charging 0–5% commission on order value, and 0–3% on spread depending on the supplier and partner

Management Profiles

Dominic Carosa Founder & Chairman

Domenic is Founder and Chairman of BANXA. He is a tech pioneer, having founded or invested into over 50 technology companies over the last 25 years, both private and public. Domenic holds a Masters of Entrepreneurship and Innovation (MEI) from Swinburne University Australia.

HOLGER ARIANS CEO

Holger has previously built and run several startups. Prior to BANXA, Holger oversaw and worked closely with a portfolio of 30 early stage technology companies as CEO of Dominet Venture Partners. Holger holds an Executive MBA from Manheim and Essec Business Schools and is an Alumni of Harvard Business School.

Konstantin Lichtenwald CFO

Konstantin has extensive experience as chief financial officer and specializes in providing corporate finance, taxation and financial reporting. Mr. Lichtenwald previously worked at Ernst & Young and holds a BBA from Pforzheim University, Germany.

Matthew Cain Director

Mr. Cain is the Committee Director at Melbourne Racing Club, and has extensive experience at the board level of a number of Australian technology companies. Mr. Cain holds a Bachelor of Commerce from the University of Melbourne.

Josh D’Ambrosio General Manager

Josh is an experienced risk and compliance executive serving in Ernst & Young’s IT Risk Advisory Team for 5 years prior to joining BANXA in July 2017. Prior to these roles, Josh founded and scaled a social sports company to become the Australian market leader in its industry.

Iain Clark CTO

Iain was previously the CTO of public listed company Crowd Media for 7 years. Before that he was a Vice President at Goldman Sachs in London. He is focussed on technical excellence, platform security and executing the companies strategic vision.