MAJOR MILESTONE ACHIEVED!
“We believe initiation of the U.S. NEXICART-2 study is an important advancement in AL Amyloidosis. NXC-201 has the potential to become a first-in-class safe and durably-effective therapy for patients with relapsed/refractory AL Amyloidosis. We are humbled by the enthusiasm across the U.S. AL Amyloidosis community and look forward to robust enrollment for NEXICART-2,”
– Ilya Rachman, M.D., Ph.D., Chief Executive Officer of Immix Biopharma
Immix Biopharma Doses 1st Patient in U.S. AL Amyloidosis Trial with CAR-T NXC-201
- Lead site Memorial Sloan Kettering Cancer Center (MSKCC)
- Timing of milestone in-line with mid-2024 guidance
- Data from ex-US clinical trial reported at ASGCT 2024 showed a 92% overall response rate
SURGPAYS, INC - NASDAQ: SURG
The SurgePays fintech platform is more than just a technological solution; it’s a bridge connecting the underbanked to the financial mainstream. It’s a testament to how technology can be harnessed to create not only business value but also social impact
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H.C. Wainwright Analyst Gives Buy Rating and $7.00 price target for Immix Biopharma Backed by Promising N-GENIUS Platform and Strong NXC-201 Sales Potential
5 Reasons to Get on Board
Innovative Business Model
SurgePays’ unique approach of transforming local stores into fintech and telecom hubs specifically targets the underserved population. This innovative model not only addresses a crucial societal need but also taps into a large, underserved market.
Diverse Revenue Streams
The company’s varied sources of income across fintech, telecommunications, and software services offer financial stability and reduce dependence on any single market segment.
Strong Financial Performance
SurgePays demonstrates robust profitability metrics, including a healthy net margin and return on equity, signaling effective management and financial health.
Technological Leadership
With its advanced fintech platform and software solutions, SurgePays is at the forefront of technological innovation in financial services, making it a potential leader in this rapidly growing sector.
Social Impact and Market Potential
Investing in SurgePays also means contributing to a greater cause – financial inclusion. By supporting a company that’s making a tangible difference in underbanked communities, investors are part of a socially responsible movement, aligning profits with purpose.
NASDAQ: SURG
The greatest market opportunity in fintech? — low-cost, high-tech financial services for the underbanked
Join the revolution in financial inclusion with SurgePays, a pioneering force in providing essential fintech and telecom solutions to underbanked communities.
Seize the opportunity to invest in a future where technology bridges the gap in financial accessibility, promising both impactful social change and robust growth potential.
SURG Market Potential
SurgePays, Inc. finds itself in a unique position within the fintech and telecommunications industries, primarily due to its strategic focus on underbanked and underserved communities.
Size and Scope of the Underbanked Market
According to a 2019 report by the Federal Reserve, 22% of American adults (63 million) are either unbanked or underbanked.
The underbanked population represents a significant portion of the global market, often underserved by traditional banking institutions. SurgePays targets this expansive market, which is ripe for innovative financial solutions. The potential for growth in this sector is substantial, given the increasing demand for accessible financial services.
Emerging Trends in Fintech
According to Fortune Business Insights, the global fintech market size is projected to reach USD 882.30 billion in 2030, at a CAGR of 17% during the forecast period, 2023-2030
The fintech industry is witnessing rapid growth and transformation, driven by technological advancements and changing consumer behaviors. SurgePays is well-positioned to capitalize on these trends, offering a range of services from mobile broadband to financial products that align with the evolving needs of modern consumers.
Regulatory Landscape
The regulatory environment for fintech and telecommunications is a critical factor in assessing market potential. SurgePays operates within a framework that favors innovation while adhering to regulatory standards, positioning the company to navigate the complexities of financial regulations effectively.
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Target Demographics
This analysis underscores the immense potential and relevance of SurgePays in the current financial landscape. The company’s focus on a niche yet substantial market segment, combined with the burgeoning growth of fintech, positions it as a compelling investment opportunity with a promising future.
The Underbanked Consumer
SurgePays’ primary target demographic includes individuals who lack sufficient access to traditional banking services. This group is characterized by a reliance on alternative financial services and a preference for convenient, accessible solutions.
Community-Centric Approach
SurgePays’ primary target demographic includes individuals who lack sufficient access to traditional banking services. This group is characterized by a reliance on alternative financial services and a preference for convenient, accessible solutions.
Digital Adoption Among the Underbanked
There is a growing trend of digital adoption among underbanked populations, particularly in mobile technology usage. SurgePays leverages this trend by offering digital solutions that are easily accessible through mobile devices, aligning with the preferences of its target demographic.
Business Model
SurgePays’ business model is multifaceted, blending financial technology with telecommunications to serve underbanked communities. Here’s a closer look:
B2B Fintech Platform
Central to its model, SurgePays uses its fintech platform to offer various financial products and services, catering to businesses and consumers who lack traditional banking access.
Telecommunications Services
The company provides mobile broadband services, integrating these with its fintech offerings to enhance value for consumers.
Retail Integration
Unique to SurgePays, the integration of services with local convenience stores transforms these locations into tech hubs, fostering community-based financial access.
Software Solutions
SurgePays also develops software, like the ShockWave SaaS, broadening its reach and utility in the telecommunications sector.
LEADERSHIP AND MANGEMENT TEAM
Kevin Brian Cox
Chairman and CEO
CEO since July 2017, with a tenure of over 6.5 years. An accomplished entrepreneur with over 19 years of experience, Cox has a strong background in telecom, having founded his first prepaid telephone company in 2004. He has directed over $500 million in sales from his fintech, software, and telecom companies, leveraging his expertise in underserved consumer markets.
Jeremy Gies
President of Surgepays Fintech
Gies has extensive experience in the telecommunications and fintech industries, with past roles including Senior Channel Business Manager and Senior Account Manager for Honeywell Voice Solutions, Vice President of Business Development for Wave Crest Payment Services, and CEO of telSPACE. He started his career with AT&T Wireless.
Anthony Evers, CPA, CIA
Chief Financial Officer
Evers is a seasoned financial executive with over 30 years of experience in various sectors, including non-profit, private-equity-backed, and publicly traded companies. His most recent role before joining SurgePays was as the CFO for Vista Health System.
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