RC365 Holding PLC (LSE:RCGH, FRA:L2G) said it has signed a five-year strategic partnership that gives its recently soft-launched RC3.0 fintech platform another commercial deployment.
The fintech and payment solutions group said wholly owned subsidiary Regal Crown Technology Limited, or RC Tech, will provide Blacksilver Trust (Hong Kong) Limited with an integrated suite of financial technology services.
These will include business virtual account services, supporting API connectivity and modernisation of Blacksilver Trust’s existing trust management system through RC Tech’s proprietary fintech solutions.
Implementation is due to begin immediately. Commercial terms include recurring monthly SaaS service fees of US$5,000 per client for each service type provided, subject to an annual increase of 8%. RC365 may also charge separate mandate fees for additional client-requested services.
Chief executive Chi Kit Law said the agreement “marks a further step in the expansion of our B2B fintech offering” and demonstrates the breadth of RC3.0 by combining virtual account infrastructure, API integration and trust management system modernisation in a single client deployment.
RC365 operates payment and fintech services primarily in East and Southeast Asia through Regal Crown Technology and HC Capital.
In London, the small-cap share shot up 20.8% on Friday, changing hands at 2.96p.
