February 22, 2022 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”), an integrated platform for digital financial services, is pleased to announce that it has entered into a service agreement (the “Agreement”) with Haikanet Group S.A. de C.V. (“Haikanet”), an enterprise resource planning (“ERP”) software provider in Mexico. Newt’s technology and product offering will now expand the capabilities of Haikanet’s software, which is a well-established platform used by hundreds of businesses to maximize productivity and automate operations.
Under the terms of the Agreement, Newt will start offering its payment services and portfolio of digital products to Haikanet’s network of clients. Haikanet selected Newt as part of a strategy to digitize and automate their processes, such as logistics and payment systems for their large network of operations in Latin America, serving the growing construction industry in the regions.
Sergio Maya Aleman, CEO of Latin America of Newt, stated: “Our partnership with Haikanet further propels our growth strategy as we continue to increase our total number of points of sale and expand our network. Enabling organizations like Haikanet and many others to integrate with our software and digital catalogs of products and services, we are expanding our payment network across all segments and increasing transactions and revenue for both our customers and Newt.”
Haikanet has over 400 merchants and tens of thousands of customers in their network, who, thanks to Newt, will enable the network in all service regions, including remote areas such as the western region of Mexico, to conveniently pay their bills, purchase credit for mobile carriers, buy digital gift cards, and expand the range of digital products the customers can access.
Living in a largely cash-based economy, Mexicans look for vendors who offer easily accessible services. Newt continues to empower merchants like Haikanet’s clients to access a growing multi-billion payment marketplace, so they can generate revenue and offer their customers a convenient digital product ecosystem on the mobile app or directly at their stores.
About Newt
Newt Corporation is a digital payment and financial services platform enabling enterprises to serve the large underbanked population in the Americas with digital financial products and services and access to credit. Newt provides a fairer, faster, accessible ecosystem that fills the credit accessibility gap and reshapes the way businesses and consumers save, move money and conduct commerce. The Company’s financial ecosystem offers mobile and digital bill payments, cross-border money transfers, digital wallet, prepaid stored value cards, and access to a large leading catalog of digital gift cards and subscription services. Newt’s omnichannel distribution and processing capability allows consumers to conveniently connect through mobile, web, point-of-sale and Newt branded electronic payment center kiosks located across a network of merchant locations. Newt is also bringing credit financing for small to medium sized enterprises, payroll loans for consumers, credit cards, loan financing, and other credit services for those who lack access to traditional financing.
For more information, visit www.NewtFinancial.com
About Haikanet
Haikanet is a Mexican company located in the city of Tepic, in the western state of Nayarit, Mexico. It offers an ERP solution, which includes inventory control modules, a point of sale system, purchases, sales, banks, accounting, production and components that deliver to their clients competitive advantage by bringing them digital solutions at points of sale in the construction industry.
For more information, visit https://haikanetwork.com/
Contact
Alyssa Barry
Investor Relations
investors@getnewt.com
Forward-Looking Information
Certain information set forth in this news release may contain forward-looking information that involve substantial known and unknown risks and uncertainties. This forward – looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward – looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.
