IQSTEL Inc. Acquires Majority Stake in GlobeTopper, Expanding Fintech Footprint Globally

IQSTEL Inc. has declared the acquisition of 51% of GlobeTopper, a dynamic fintech innovator with operations across America, Europe, and Africa. The acquisition, valued at up to $700,000, is set to take effect from July 1, 2025. GlobeTopper forecasts over $65 million in profitable revenue for 2025 and shows a promising outlook for the next three years. IQSTEL aims to leverage GlobeTopper's innovative fintech products and services to scale globally through its commercial platform.

The acquisition is expected to bolster IQSTEL's position as a high-margin, tech-focused growth platform, advancing its $1 billion revenue goal by 2027. GlobeTopper's CEO, Craig Span, will continue in his role and collaborate with GlobalMoneyOne.com to position the company as a top-tier player in the global fintech ecosystem. IQSTEL also plans to invest up to $1.2 million over the next 2 years to accelerate GlobeTopper's growth and product roadmap, contingent upon specific quarterly financial targets.

This strategic move allows IQSTEL to tap into new sectors and deepen its penetration into the enterprise and global brand markets. With operations in 21 countries and a team of 100 employees, IQSTEL forecasts $340 million in revenue for FY-2025, reinforcing its trajectory toward becoming a $1 billion tech-driven enterprise by 2027. The details of this acquisition will be disclosed in an upcoming Form 8-K filing.

Source: PR NewsWire