back Back

Logiq initiates restructuring, designed to expand DataLogiq Business Unit

By Edlyn Cardoza

September 28, 2021

  • AppLogiq
  • DataLogiq
  • E - Commerce

Logiq, DataLogiq, USA, Logiq Consumer MarketplaceLogiq, Inc., a global provider of e-commerce and FinTech solutions, forecasts strong growth driven by both strategic M&A that will accelerate growth in its DataLogiq business and the strategic spinoff of its emerging markets business units.

Over the past year, Logiq has acquired and integrated into DataLogiq three leading e-Commerce platforms. Through these key acquisitions, DataLogiq has become an e-Commerce industry leader in data-driven consumer intelligence and automated marketing technology.

These business units, led by Logiq Consumer Marketplace (LCM), are gaining traction on the customer front while also exploring steady opportunities on the strategic partnership and potential mergers and acquisitions side.

“Logiq, by way of the three recent acquisitions of Push Interactive, Fixel AI, and Rebel AI, has built an enviable platform for small to medium-sized businesses and is positioned to grow this business significantly over the next few years,” commented Brent Suen, president of Logiq. “Our feedback from customers, partners, research analysts and investors is highly encouraging yet a common theme is that they desire to see us operating at a larger scale – this combined with a promising pipeline of possible candidates for merger or acquisition opens up substantial opportunity.”

Tom Furukawa, CEO of Logiq, commented: “There are a large number of peers operating in our industry segment that are privately-held, generating solid revenue, operating profit and even net income, that could be acquired for compelling valuations while at the same time, offering accretive revenue growth, margins and earnings potential. We’re looking at a number of them currently and the pipeline is growing. Though we do not have any definitive agreements in place to make any such acquisitions at this current time, we firmly believe that growth through accretive acquisition is a strong path forward and endeavor to execute on it.”

As part of its M&A strategy, Logiq has begun to assess strategic alternatives, including a possible spinoff of its AppLogiq business within the next few months to better focus on DataLogiq’s abundant growth opportunities AppLogiq focuses on the burgeoning emerging markets FinTech opportunity. AppLogiq is the company’s mobile commerce platform-as-a-service (PaaS) and proprietary mobile FinTech solutions that have been deployed in emerging international markets, primarily in Southeast Asia.

AppLogiq includes the PayLogiq™ e-Wallet, GoLogiq™ hyper-local food delivery, and other mobile eCommerce solutions, as well as a recently announced mobile fintech platform for microlending.

While the global pandemic severely impacted AppLogiq’s business, the last few quarters have seen a significant turnaround as it focuses on higher-margin direct sales and delivering new mobile FinTech services under significant exclusive partnerships. In the company’s second-quarter of 2021, AppLogiq gross profit increased 38% to $901,000 or 31.7% of revenue from $653,000 or 11.6% of revenue in the same year-ago quarter—a nearly 3x lift in gross margin.

Matthew Brent, chief strategy officer at AppLogiq, commented: “As the result of this strengthening momentum in key areas of its business, combined with the presence of PayLogiq and GoLogiq in Indonesia, we believe AppLogiq is now ready to stand on its own — where it would be in a better position to attract the right growth capital, along with investors who appreciate the vast opportunities it enjoys in today’s emerging markets.”

“Recent transactions between emerging markets companies and U.S.-listed SPACs, IPOs in the U.S., and merger and acquisition activity with notable companies, such as Grab Holdings and Altimeter Growth Company, FinAccel and Victory Park Capital, Bukalapak, SEA Holdings, Jumia and others, demonstrate valuations that firmly reflect the significant opportunity abroad,” continued Brent.

Furukawa added: “Given that we believe the equity markets have significantly undervalued AppLogiq’s proprietary IP and its turnaround, as well as our investment and shareholdings in Weyland Indonesia Perkasa (WIP), we believe it is in the best interests of our shareholders to realize the value of what AppLogiq has achieved by evaluating strategic alternatives, including through a possible strategic spinoff. We expect to make additional announcements in the near future as definitive plans are made under the guidance of expert advisors in such transactions.”

Previous Article

September 28, 2021

Sharaf Exchange and Paykii partner to offer global bill payment services

Read More
Next Article

September 28, 2021

Nucoro’s cloud-native platform is now available on Finastra’s FusionStore

Read More

IBSi Daily News Analysis

February 20, 2024


GCC banking landscape: UAE and Qatar lead in net sentiment

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 21, 2024

OpenPayd bolsters instant payments solutions with TrueLayer

Read More

February 20, 2024

Flagright & Traxion team to offer digital transaction security

Read More

February 20, 2024

4 Banking Software providers accelerating digitisation in Europe

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023