Finance

FireUp Finance Launches Its Alpha Mainnet on Binance Smart Chain(BSC)

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    Hong kong, Hong Kong, July 18th, 2024, FinanceWire

    FireUp Finance announces the launch of its Alpha Mainnet. This highly anticipated milestone signifies the platform’s transition from development to a live, operational environment. Early adopters and enthusiasts can now experience FireUp’s user-friendly interface and explore the exciting world of high-frequency options trading on a decentralized platform. This launch marks a significant step forward for FireUp Finance, ushering in a new era for DeFi options with its focus on user experience, self-custody, and transparent pricing.

    Waveslab Ventures firmly believes in FireUp Finance’s infrastructure and its potential to contribute to the DeFi ecosystem. For Waveslab Ventures, investing in high-growth blockchain companies goes beyond profit. They see it as a mission to drive innovation and unleash the transformative potential of blockchain technology. They Sibelieve that blockchain has the power to disrupt industries, reshape existing models, and empower individuals with greater financial and data control.

    FireUp Finance stands out in the DeFi realm by placing user experience and self-custody at its heart. The intuitive interface makes it easy for all traders to get started, whether they are experienced futures veterans or investors new to the derivatives market. Unlike traditional centralized exchanges, FireUp Finance operates in a non-custodial mode. This means that users do not need to undergo KYC verification and always retain full control over their own assets. The platform cannot suspend, blacklist, or freeze accounts, ensuring traders’ trust and autonomy.

    Driven by a belief in the future of cryptocurrency and blockchain technology, Benford Blumer, CEO of Waveslab Ventures, wholeheartedly supports the development of the FireUp platform. He believes that FireUp Finance will serve as a bridge connecting blockchain technology to real-world applications, laying a solid foundation for the widespread adoption of blockchain technology.

    Blumer envisions the FireUp Finance platform empowering developers to build the next generation of blockchain solutions while ensuring compliance and safeguarding user data. This will propel the widespread adoption of blockchain technology across various industries, including finance, supply chain, delivering more convenient, secure, and efficient service experiences for users.

    About FireUp Finance

    FireUp Finance, a decentralized protocol that revolutionizes the realm of decentralized finance by introducing lightning-fast order execution and enhanced liquidity. Its innovative infrastructure caters to traders seeking to capitalize on market fluctuations and optimize their strategies.

    Contact

    Mr
    Simon blanc
    Fireup
    [email protected]

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    Luminar Media Group/ Fortun Reports 3rd Quarter Results, Surpassing Forecasts and Demonstrating Impressive Growth

    2024-10-03T13:00:00Z

    MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Luminar Media Group, Inc. (OTCMARKETS: LRGR), a small business revenue-based finance company with a focus on Hispanic and minority-owned businesses, has released its financial results for the 3rd Quarter of 2024. The report highlights substantial growth across key financial and operational metrics, further solidifying Fortun's expanding presence in providing essential capital to underserved markets.

    Key Financial Highlights for Q3 2024:

    • Funding Volume:
      • Q3: $1,138,000
      • Forecasted: $1,108,700
      • Result: Surpassed Forecast
    • Receivables:
      • End of Q3: $1,428,281.47
      • Collected Receivables Q3: $352,729.33
      • Forecasted: $1,650,963  
      • Result: Surpassed Forecast
    • Revenue:
      • Q3: $307,211.00
      • Forecasted: $298,540 (Commission and Fee Income)
      • Result: Surpassed Forecast
    • Assets:
      • Total Assets End of Q3: $1,926,507
      • Cash on Hand: $498,226.39

    Funding Metrics:
                     o   July: $258,700
                     o   August: $389,700 (51% MoM Growth)
                     o   September: $489,600 (25% MoM Growth)
                     o   Number of Deals Funded in Q3: 169
                     o   Average Deal Size: $6,733
                     o   Total States Funded Since Inception: 17 (76% of total funding-Florida)
                     o   Industries Served: 35
                     o   Top 3 Industries: Trucking/Transport: 23.34%-Construction:18.14% -Auto Sales/Repair: 13.2%

    Strategic Outlook

    Fortun remains focused on creating long-term value as it expands its funding operations with a particular emphasis on Hispanic-owned and underserved small businesses. With strong financial results and an expanding operational footprint, the company is well positioned to capitalize on continued growth opportunities as it heads into the final quarter of 2024.

    “Our 3rd Quarter results highlight the continued success of our core funding strategies and our commitment to delivering results for our shareholders,” said Yoel Damas, Chairman and President. “We believe these numbers would have been even stronger if not for Hurricane Helene, which impacted Florida—our largest funding market—in the last week of September, affecting our deal flow as the state dealt with the storm’s devastating effects. Despite these challenges, we are proud to announce that we met all our goals for the quarter and remain committed to supporting Floridians as they rebuild. Our thoughts and prayers are with all those affected by this horrific storm. We look forward to a strong finish to the year and continued growth as we move into the fourth quarter.”

    About Luminar Media Group, Inc.

    Luminar Media Group, Inc., headquartered in Miami, Florida, is a pioneering fintech company providing tailored financial solutions to underserved communities, particularly Latino and minority-owned enterprises. Through its subsidiaries, FortunCo and Fortun Advance, the company empowers small businesses by offering the funding they need to thrive.

    Forward-Looking Statements

    This release contains forward-looking statements that reflect Luminar Media Group's current strategies and expectations for future performance. Actual results may differ materially due to various risks and uncertainties. Investors should review the company’s filings with the SEC for further information.

    The financial data presented herein is subject to review by our independent accountants and may be adjusted prior to final reporting. Please note that the information provided is preliminary and should not be considered final until it has undergone the complete review process.

    For more information, please contact:
    Robert Rico
    Investor Relations
    Phone: 305-283-9237
    Email: [email protected]
    Follow us on X: @FortunCorp


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