KinerjaPay Corp. in Discussions With Strategic Investor to E
JAKARTA, Indonesia, March 17, 2020 /PRNewswire/ -- KinerjaPay Corp. (OTCQB: KPAY), an Indonesian-based fintech and mobile payment solution Company based in Jakarta, today announced that its Chief Executive Officer, Mr. Edwin W. Ng is in discussions to explore synergistic and collaborative alliances with strategic investor Kozjin International Group (Kozjin).
Kozjin is an innovative fintech company using blockchain technology across its portfolio of businesses including real estate, showbiz, business schools, and aesthetic products, spread across Taiwan, Japan, Malaysia and Singapore. Kozjin's recent success in Real Estate integration projects in Malaysia and Vietnam has transformed the Company into a fully capitalized Company in Blockchain technology.
Mr. Ng said, "This partnership will transform KinerjaPay Corp into a much stronger company. With Kozjin Group as our strategic investor, it will help KPAY grow beyond Indonesia to other markets such as Malaysia, Singapore, Vietnam, Taiwan and Japan."
Kozjin has a strong and growing presence in the region and is actively seeking to expand its footprint both in width and depth of market presence, and also in its portfolio of businesses using blockchain technology. The strategic investment will focus towards building up the business revenue of the Company in eCommerce sector, Peer-to-Peer Lending platform, and expansion to other regions such as Malaysia, Vietnam, Taiwan and Japan.
Kozjin's Founder and Group Chairman, Dato' Sri Francis Ang commented, "Upon the successful strategic investment, Kozjin will support KinerjaPay to enter into foreign markets which we currently have our foothold and presence, such as Malaysia, Vietnam, Taiwan and Japan. We will introduce KPAY's platform to our existing market, and help reinvent the business to a new level." Dato' Sri Francis Ang continued, "We believe that this potential strategic investment will create a strong synergistic growth momentum for both KPAY and also Kozjin as a group."
In view of the shared goal of creating greater values for clients, both parties are currently conducting in-depth discussions and the accompanying due diligence.
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides an easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company's services are available through its mobile applications and on its website at www.kinerjapay.com.
Notice Regarding Forward-Looking Statements
This press release may contain forward-looking statements, about KPAY's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing.
Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY 's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY 's filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the SEC on April 20, 2018 and most recently in our Registration Statement on Form S-1/A filed with the SEC on December 21, 2018, pursuant to which we are offering 300,000 Shares of 11% Series C Cumulative Redeemable Perpetual Preferred Stock at $25.00 Per Share.
For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this release.
Email: [email protected]
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SOURCE KinerjaPay Corp.