Stock Commentary: Squidpay gets e-wallet license revoked by BSP
There are no “good guys” here; PHA and its leadership obviously failed to do sufficient due diligence on this feral investment group.
Source: philstar.com
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Premiere Horizon outlines growth trajectory after SquidPay
Premiere Horizon Alliance Corporation (PHA) has withdrawn its fold-in plans of SquidPay Technology Inc. (SPTI), citing self-proclaimed technopreneur Marvin Dela Cruz’s inability to operate a viable business and his being embroiled in recent financial troubles.
Source: philstar.com
Premiere Horizon Alliance sued by its own director for non-payment of debt
SquidNoPay, amirite!? What a mess.
Source: philstar.com
LDA Capital and existing creditors back Premiere Horizon's growth strategy through a PHP 2.8 billion funding commitment and debt reduction
July 21, 2021 PASIG CITY, Philippines, July 22, 2021 /PRNewswire/ -- Premiere Horizon Alliance Corporation (PHA), listed on the Philippine Stock Exchange (PHA:PM), is pleased to announce it has entered into a Put Option Agreement (POA) with LDA Capital (LDA) for up to PHP 2,800,000,000 in committed equity over the next thirty-six months. LDA's investment will help accelerate PHA's expansion projects focused on the growing real estate sector and emerging fintech industry. The capital will also be used to advance the development of SquidPay Technology, a convenient and efficient payment experi...
Source: asiaone.com
SquidPay Technology and Phil Star Development Bank jointly files application for digital banking license
February 1, 2021 | 11:45 am Font Size AAA Homegrown fintech startup SquidPay Technology Inc. (SquidPay) has entered into last stage negotiations for the acquisition of a 60% stake in Phil Star, a development bank headquartered in Batangas City. Upon finalization of its majority stake, SquidPay will increase bank capitalization to P1.5 billion, the BSP requires a total of at least P1.0 billion for digital bank license applicants. Phil Star Development Bank (Phil Star), Inc. is a subsidiary of Philippine Regional Investment Development Corporation (PRIDE), a wholly-owned subsidiary of ...
Source: bworldonline.com