Fintech Select Ltd. Enters Into a Joint Venture Agreement With Raseed in Libya

Concord, Ontario, CANADA

TORONTO, May 21, 2019 (GLOBE NEWSWIRE) -- Fintech Select Ltd. (“Fintech Select” or the “Company”) (TSX-V: FTEC) is pleased to announce that it has signed a five years definitive Joint Venture Agreement (the “JV Agreement”) with Raseed (“Raseed”), a Libyan company, and a provider of innovative financial payment solutions in Libya.

Raseed is a well-established leader in financial payment services, serving government, local banks, and telecom companies and aims to help modernize the country’s financial services and telecom sectors by bringing such up to international standards.

With the ability to leverage Fintech Select’s wide spectrum of payment capabilities, including prepaid card, e-wallet services along with bill, mobile, online and international payments, Raseed will be able to offer a full suite of fintech solutions to its local customers.

“We believe that there is tremendous opportunity in the Libyan market including unprecedented growth prospects for Fintech Select through its partnership with Raseed. With this partnership we are able to open up new revenue opportunities.” stated Mohammad Abuleil, President and CEO of Fintech Select.

Dr. Omar Shuran, CEO of Raseed, added “Raseed is very excited to be partnering with Fintech Select to provide innovative financial payment technology solutions to our strategic customers in Libya, and we look forward to monetizing various opportunities in the pipeline with Fintech Select”.


Mohammad Abuleil, President & CEO or
Shelley Alliet @ -

About Fintech Select Ltd.

Fintech Select is a provider of robust and disruptive Pre-Paid Card programs and mobile banking solutions. Fintech Select has enabled these core assets which operate through separate divisions to work together harmoniously to create a new and ubiquitous environment for consumers and businesses alike. Fintech select also operates an international call centre that provides fulfillment and customer service support to customers across all three platforms mentioned. Our mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.