Mmtec, Inc. (NASDAQ: MTC)

MMTEC, INC. is a holding company incorporated in the British Virgin Islands that provides Internet based technology services and solutions to Chinese language speaking hedge funds mutual funds registered investment advisors proprietary trading groups and brokerage firms engaged in global securities market transactions and settlements. The company was founded on January 4 2018 and conducts its operations primarily through its PRC based operating entity Gujia located in Beijing China. MMTEC offers a suite of platforms including a Securities Dealers Trading System a Private Fund Investment Management System and Mobile and PC Client Systems that enable clients to trade settle and manage funds across borders.

MMTEC generates revenue principally from fees for its technology platforms licensing of its white label trading interface and provision of value added services such as fund establishment issuance custody transaction settlement and financial advisory. The company also earns income from investment banking activities MOM fund management and from the sale of interests in subsidiaries as seen in its recent transactions.

MMTEC competes with established technology providers such as Hundsun Technology Ayers Solutions iAsia Online Systems and eBroker Systems in the Hong Kong and mainland China markets. The company differentiates itself by offering free open technology platforms localized Chinese language support and a focus on small and medium sized private equity funds seeking overseas market access. Its competitive strengths include rapid product development a professional team with diversified backgrounds and the ability to provide customized services through cloud based infrastructure.

MMTEC serves Chinese language speaking hedge funds mutual funds registered investment advisors proprietary trading groups and brokerage firms that wish to participate in overseas securities markets. The company also works with Hong Kong based broker dealers and PRC based financial institutions looking for white label solutions and modular trading functionalities. Specific customer names are not disclosed in the filing but the client base consists primarily of institutional investors and financial intermediaries operating in China Hong Kong and other Asian regions.