Blockchain

Multipool Secures Strategic Investment from Industry Giant Kronos Research

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    Majuro, Marshall Islands, July 23rd, 2024, Chainwire

     

    Multipool, a leading innovator in the blockchain and cryptocurrency industry, today announces a strategic investment from Kronos Research. This investment solidifies Kronos’s stance of on-chain order books being the future of the industry and marks a significant milestone in strategic cooperation between the two companies and their commitment to decentralized finance.

    “We’re absolutely thrilled to be working with Kronos Research, with our expertise in the DeFi sector and the potential of our fully trustless decentralized on-chain orderbook, we envision an eventful future working with some of the best and brightest in the industry at Kronos Research.” Steve Murray, Core Contributor at Multipool.

    “At Kronos, we have been leading the charge in liquidity provision, driven by our belief in trustless transactions and their transformative potential. We are thrilled to partner with Multipool to advance the digital asset landscape, providing enhanced solutions for global traders and investors.” Vincent Liu, COO of Kronos Research

    The Future of Decentralized Finance

    Multipool’s aim of delivering a fully on-chain trustless orderbook to the DeFi industry aligns with Kronos’s vision of democratizing access to compliant advanced financial tools. This marks the first step in a long and fruitful partnership that will bring stability, awareness and access to a suite of full decentralized tools currently in high demand industry wide.

    To learn more about Multipool and its features, users can visit:

    Website – www.multipool.finance

    Telegram – t.me/multipoolfi

    X – https://x.com/multipoolfi

    CMC-Community – https://coinmarketcap.com/community/profile/multipool/

    About Multipool

    Multipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in the user’s trading journey with Multipool – The DEX with CEX appeal.

    Website: https://www.multipool.finance/

    About Kronos Research

    Kronos Research is a technology and data-driven trading firm transforming the digital asset landscape by cultivating a dynamic financial ecosystem with exceptional trading performance, advanced cryptocurrency investment strategies, and extensive liquidity provision capabilities.

    Their advanced machine-learning techniques and state-of-the-art trading infrastructure form the backbone of our quantitative trading operations. These enables them to deliver precise data and insights, bolster risk management, develop effective trading strategies, and empower informed investment decisions.

    By leveraging our expertise, they strive to foster strong partnerships and deliver significant value through continuous advancement and innovation.

    For further information or media inquiries, users can contact:

    Marketing Department

    [email protected]

    Website: www.kronosresearch.com

    Social Media: [LinkedIn] [Twitter] [Facebook] [Instagram]

     

    Contact

    Public Relations Manager
    Angie Hermosa
    Multipool
    [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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