Xalles Holdings Inc (OTC:XALL) Stock Continues To Trend Lower

Among some of the modern industries to have emerged over the past couple of decades, the fintech industry is perhaps one of the more promising. It is no wonder that investors are almost always on the lookout for companies in the sector, and one of the companies that could be worth tracking at this point is Xalles Holdings Inc. (OTC:XALL).

The company, a noted leader in the fintech industry, announced yesterday that it had inked a share exchange agreement with CashXAI Inc. The company noted that the acquisition was a strategic milestone and that CashXAI would turn into a fully owned subsidiary unit of Xalles Financial Services Inc. The company noted in the news release that the reason why it was such a major milestone was because it signified a new period of expansion in the fintech sector for Xalles.

The CashXAI acquisition was described as particularly important yesterday since it would boost the extent of fintech offerings from Xalles. It is expected to especially help in reaching many of the unbanked and underbanked communities in the country. CashXAI has been successful in the creation of an innovative network backed by high-tech self-service kiosks. The kiosks help the users turn cash into digital currency and gain easy access to financial services.

Additionally, the mobile app from CashXAI offered financial management in real time without requiring users to go through time-consuming barriers like fees and background checks. CashXAI’s operations are currently spread across the United States and Mexico and are all set to make an entry into Asia, Africa, and the Middle East. The Chief Executive Officer of CashXAI, Stephen Combe, stated that he was excited at the possibility of joining the portfolio companies of Xalles Holdings. The Chief Executive Officer of Xalles Holdings, Thomas Nash, noted that the integration of CashXAI with the current applications of the company would enrich the experience for consumers considerably.

The company has been involved in making acquisitions recently, and another one was announced on November 16. At the time, the company announced that it had acquired the leading education consulting firm, University Consultants of America Inc. (UCA). It was a significant development for the company since it was going to lead to the establishment of an education business group in the Xalles portfolio of businesses. At the time, it was announced that UCA would operate in the form of a fully owned subsidiary unit.

Robert LeVine, a Harvard University alumnus, founded UCA, and over the past decade, the company has emerged as a major player in the education consulting industry. In the 2022 financial year, it managed to generate $1 million in revenues and profits to the tune of $250,000. The transaction could prove to be a significant one for the future of UCA and its growth. The support of Xalles Holdings and the natural benefits of being a constituent of a public company could help the company gain considerable growth as well as expansion. It could particularly expand its international operations.