TROOPS Stock

TROOPS, Inc., together with its subsidiaries, engages in the money lending business in Hong Kong.

The company engages in providing mortgage loans to high quality target borrowers; property investment to generate additional rental income; and the development, operation and management of an online financial marketplace that provides one-stop financial technology solutions, including Application Programming Interface (API) services by leveraging artificial intelligence, big data and blockchain, and cloud computing (SaaS).

Money Lending Business

Giant Credit Limited is a Hong Kong incorporated company, which has the money lenders license for carrying on money lending business in Hong Kong. Giant Credit Limited has been providing personal loans and corporate loans to its customers since 2016. Since the commencement of business, Giant Credit Limited has continued to record growth in its personal loans and corporate loans receivable along with satisfactory interest income.

First Asia Finance Limited (FAF), which is a Hong Kong incorporated company and a licensed money lender in Hong Kong. The principal business of FAF is money lending, which is similar to Giant Credit Limited but with a larger customer base.

Property Investment Business

The company has investments in four real properties in Hong Kong (held under Giant Credit, 11 Hau Fook Street Limited and Vision Lane Limited) and 19 storey building in Hong Kong (held under Suns Tower, a wholly owned subsidiary of Paris Sky Limited). These investments generate additional rental income to enhance the company's cashflow. The properties are managed by the company's team with experience in property management and rental management, which operates in a cost-effective manner.

Fintech Service and IT Support Service Business

Giant Financial Services Limited (GFS), a Samoa company and wholly owned subsidiary of the company, provides an online financial marketplace connecting financial institutions and users worldwide via its unique mobile application, which features state-of-the-art functions to boost financial accessibility to financial and insurance products and services. The company intends to integrate GFS into its existing platform to support its business lines.

By leveraging technologies, including artificial intelligence, big data and blockchain technology, machine learning, fingerprint ID, facial recognition, and cloud computing (SaaS), GFS strives to create recurring and growing revenue streams and larger market share for businesses on one hand, and instilling trust and confidence in investors and consumers on the other hand.

The mobile application is fully integrated with financial institutions, including licensed money lenders, asset management companies, securities firms, and banks, under strategic partnerships to facilitate seamless and low-cost payments and transfers in a secure and privacy protected digital environment. GFS also seeks to provide businesses with the peace of mind via the integration of cyber security and where necessary, the adoption of KYC and AML processes. It also offers an AI-powered innovative reward program that helps businesses to acquire and retain customers, and to expand into previously uncharted markets thereby increasing sales revenue and market share.

GFS has contractual relationship with third-party business partners, which have agreed to render their financial products and services to the registered users via the GFS's mobile application.

Products

The company's product lines on sale include money lending; property investment; and Fintech service and IT support service.

Intellectual Property

Trademarks

The Trademark are the intangible assets of a recognizable sign, symbol and design under the name GFS, which is established by use of representing the products and services of the Business Enterprise for the provision of the fintech service and IT support service. The trademark was registered in Hong Kong on June 6, 2019, with the trademark number of 304951224.

History

The company was founded in 2005. It was formerly known as SGOCO Group, Ltd. and changed its name to TROOPS, Inc. in 2021.