Midpoint Holdings Ltd.
Midpoint Holdings Ltd.
Sector: Financial
Description
Midpoint Holdings Ltd. is a junior financial service firm that operates in the capital markets industry. The firm was incorporated in April 2010, with its head office in Kootenay street, Nelson, British Columbia.
Midpoint Holdings Ltd. is a public company listed on the Toronto Stock Venture Exchange (TSXV), where its ordinary shares are traded under the stock quote MPT. It’s also listed on the Frankfurt Stock Exchange (FSE) in Germany under the trading symbol 8MH1.
The Canadian financial service company provides web-based foreign exchange solutions to facilitate peer-to-peer (P2P) businesses, and also customers throughout Canada. The company operates a P2P matching platform, through which it integrates and matches the purchasers and sellers of foreign currency. Its platform enables the transfer of funds to the desired destination, in a cost-effective manner, via an intermediate third-party payment firm that facilitates the transaction.
Midpoint operates through its 100 per cent owned subsidiary Midpoint & Transfer Ltd., which is headquartered in London, United Kingdom. The company holds Financial Conduct Authority (FCA) authorization and specializes in international payments and foreign exchange flow.
Property owners, overseas students, foreign individuals, or any business engaged in cross-border payments can utilize the US-patented platform for transparent, multi-currency and multi-party payment solutions. The company offers fully integrated online foreign exchange solutions, which start from client registration and last till the funds are transferred to the beneficiary.
It allows individuals and businesses to register for free on its website by filling in the details, and submission of certain necessary documents, which it authorizes in more or less 15 minutes during office hours. After authorization, the clients are allowed to place their orders with all the fees transparently displayed.
Midpoint then aims to match the order within 24 hours along with bank transfer details. The funds are transferred only after the confirmation of beneficiaries’ contact and bank details.
On the completion of this process, the client will receive an email confirmation about the transaction. Currently, Midpoint Holdings, through its platform, supports foreign exchange in more than 24 currencies around the world. The company transfers forex to customers and businesses in over 200 countries worldwide.
Peers
FFH
Fairfax Financial Holdings Ltd
EQB
Equitable Group Inc
ELXR
Elixxer Ltd.
MIT
The Mint Corporation.
LIF
Labrador Iron Ore Royalty Corporation
WTE
Westshore Terminals Investment Corp
DELX
Delphx Capital Markets Inc
CFP
Canfor Corp
NA
National Bank of Canada
URC
Uranium Royalty Corp.
HCG
Home Capital Group Inc
HOT.UN
American Hotel Income Properties REIT LP