KinerjaPay Corp
Momentum & Growth

KinerjaPay Corp (OTCMKTS: KPAY) Can Hit New Highs After Securing $100 Million Equity Funding

Shares of KinerjaPay Corp (OTCMKTS: KPAY) have registered impressive gains on the confirmation of a huge investment by Indonesia-based PT. Investa Wahana Propertindo’s. The company’s balance sheet is on course to receive a $100 million boost on the confirmation of proof of banking instrument transmission.

KinerjaPay Corp Price Analysis

In addition, the company is in the process of strengthening its operations in Indonesia with a peer-to-peer lending platform. The digital payment and e-commerce company has already completed submissions of documents as it eyes a peer-to-peer license for operating in Indonesia.

Investors’ reaction to recent developments has been swift, as KinerjaPay has bottomed after a minor correction from this year highs. The stock is closing in on the $0.87 resistance level as part of the emerging uptrend.

KPAY Daily Chart

Given the strength of the upward momentum, the stock remains well positioned to breach the resistance level on its way to registering a new higher high. Above the $0.87 mark, KinerjaPay should be on its way to the $1.3 level, the next substantial resistance level.

Conversely, failure to break through the $0.87 resistance level would leave the stock susceptible to further drops probably back to the $0.40 mark, the immediate support level. A violation of the support level could result in the acceleration of the sell-off wave, a development that could result in the stock plunging back to 52-week lows.

About KinerjaPay

KinerjaPay operates an e-commerce platform in Indonesia. The company strives to make it easy for consumers in Indonesia to pay, plan and buy products through a secure web portal as well as mobile applications. Thanks to the Omnichannel platform on offer, users can perform various services from credit card bill payment to healthcare insurance and direct transfer.

$100 Million Investment

Shares of KinerjaPay have started surging on the confirmation that KinerjaPay is closing in on a $100 million investment from PT. Investa Wahana. The investment could not have a come at a better time as KinerjaPay is plotting a transformative year as it moves to launch its P2P platform in Indonesia. The management also intends to invest in other high growth areas in some of the world’s fastest-growing economies.

Under the terms of the agreement, the company is to issue $200 million with of preferred stock convertible at $1.80 a share. The investment is also subject to a 9.99% beneficial ownership limitation provision.

The Correspondent Bank of the recipient bank is currently processing the $100 million investment. Upon clearance, the amount should reflect in a week.

In addition to the $100 million investment, KinerjaPay has also completed the filling of documents for its Commissioner and directors, a requirement for it to secure Peer-to-Peer license for its wholly owned subsidiary in the country.

“In 2019, the Company will expand into the prepaid mobile business, p2p lending, mobile payment solutions, online gaming, and e-commerce services initially in Indonesia’s growing economy and expanding in SE Asia. Additionally, the company intends to make investments in certain related industries in other foreign countries,” stated Chairman and CEO, Mr. Edwin Witarsa.

Chief Corporate Strategist Appointment

KinerjaPay Cop has also moved to strengthen its prospects of becoming an excellent business structure following the $100 million investment with the appointment of Ms. Angela R. Wong as the Chief Corporate Strategist. A seasoned and professional financial advisor, Ms. Wong joins the company with vast experience, highly needed as the company moves to strengthen its operations in the Asia Pacific and Europe.

“With KinerjaPay presence in Europe and the Asia Pacific, an insurgence of corporate commercial collaboration counterparts and investors will see huge potential for the value of KinerjaPay Corp to exponentially soar,” affirmed Ms. Wong.

Bottom Line

A $100 million investment provides the much-needed financial muscle for KinerjaPay to pursue strategic acquisitions as well as investments as part of its 2019 expansion plan. With the finances, the company also remains well positioned to bring to fruition its peer-to-peer lending operations as it targets expansion in Europe and Asia.

The investment should also transform the company’s market presence when it comes to e-commerce and peer-to-peer lending operations. It thus does not come as a surprise that the stock is increasingly eliciting interest in the market, depicted by an uptick in share price and market activity.

KinerjaPay Corp remains well positioned to continue its excellent start to the year as it moves to put to work the $100 million investment.

We will be updating our subscribers as soon as we know more. For the latest updates on KPAY, sign up below!

Disclosure: We have no position in KPAY and have not been compensated for this article.

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KinerjaPay Corp (OTCMKTS: KPAY) Can Hit New Highs After Securing $100 Million Equity Funding
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