Xalles To Expand Fintech Portfolio With Protominds Acquisition

Xalles Holdings Inc. (OTC: XALL) is set to acquire Californian fintech Protominds, Inc. and its subsidiary Protominds Software Solutions Private Limited by February 28, 2021, in a bid to expand its fintech footprint.
Protominds’ financial accounting compliance automation solution FiNiCS aids in enterprise cost optimization for changes related to financial regulations.
It will also enable the enterprise clients to process large granular data volumes and output risk reports towards better analysis.
“The FiNiCS platform is a great fit with the Xalles mission to grow our fintech product and services offerings,” said Xalles CEO Thomas Nash.
Protominds will become a subsidiary of VGR Technology Partners within Xalles Technology upon the acquisition.