Fast Finance Pay Corp. (FFPP)
Fast Finance Pay Corp. specializes in providing an extensive range of financial technology services, encompassing merchant payment processing, electronic banking for individual consumers, and swift money transfer options that support numerous international currencies. Their platform's core features include bank accounts equipped with International Bank Account Numbers (IBANs), the provision of debit cards, robust multi-currency transaction capabilities, and the facilitation of both SEPA and SWIFT interbank transfers, alongside services for automated recurring payments. This Berlin, Germany-based firm, which operates as an affiliate of Fast Finance 24 Holding AG, was formerly known as Standard Vape Corporation.
Sector: Services-Business Services, NEC
Industry: Software - Infrastructure
Fast Finance Pay Corp.
OTC:FFPPTechnology · Software - Infrastructure
Mkt Cap-
Float27.43M
O/S-
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$11.27M
Net Income-$6.97M
Total Assets$20.02M
Free Cash Flow-$1.76M
Debt & Equity
Debt 2%
Equity 96%
Preferred 2%
Total Debt$349K
Total Equity$15.5M
Preferred Stock$250K
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:40
Nasdaq bars a compliance period at 1:250
- 1:40Reverse splitJan 27, 202540 shares → 1
- 1:25Reverse splitMay 4, 202325 shares → 1
Balance Sheet Details
Assets$20.02M
Liabilities$4.53M
Accounts Receivable$3.96M
Accounts Payable$184K
Inventory$0
PP&E (Net)$3.83M
Goodwill$0
Intangible Assets$1.02M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $11.27M | $10.43M | $4.52M | $1.15M | $1.36M | $195K |
| YoY Growth | 8.0% | 130.9% | 292.6% | -15.4% | 597.1% | - |
| Cost of Revenue | $6.08M | $5.88M | $2.65M | $890K | $1.23M | $165K |
| Gross Profit | $5.19M | $4.55M | $1.86M | $261K | $130K | $30K |
| Gross Margin | 46.1% | 43.6% | 41.3% | 22.7% | 9.5% | 15.4% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $5.37M | $3.82M | $1.47M | $113K | $129K | $221K |
| Other | $0 | $143K | $128K | $0 | $0 | $0 |
| Total Operating Expenses | $5.37M | $3.96M | $1.6M | $113K | $129K | $221K |
| Operating Income (EBIT) | -$175K | $593K | $267K | $148K | $1K | -$191K |
| Operating Margin | -1.6% | 5.7% | 5.9% | 12.9% | 0.1% | -97.6% |
| Interest Expense | $25K | $29K | $411 | $1K | $0 | $87 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$6.8M | -$29K | -$411 | -$1K | -$163K | $753K |
| Income Before Tax (EBT) | -$6.97M | $563K | $266K | $147K | -$162K | $563K |
| Income Tax Expense | $1K | -$5K | $22K | $5K | $60K | $10K |
| Net Income | -$6.97M | $568K | $245K | $142K | -$222K | $552K |
| Net Income Margin | -61.9% | 5.4% | 5.4% | 12.3% | -16.3% | 282.9% |
| Supplementary Data | ||||||
| EPS | -0.25 | 0.02 | 0.01 | 0.01 | -0.01 | 0.03 |
| Diluted EPS | -0.25 | 0.02 | 0.01 | 0.00 | -0.01 | 0.02 |
| Weighted Average OS | 28.30M | 27.72M | 32.16M | 18.62M | 18.62M | 18.62M |
| EBITDA | $200K | $736K | $395K | $195K | -$162K | $567K |
| EBITDA Margin | 1.8% | 7.1% | 8.7% | 16.9% | -11.9% | 290.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $314K | $422K | $170K | $45K | $29K | $31K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $314K | $422K | $170K | $45K | $29K | $31K |
| Accounts Receivable | $3.96M | $2.17M | $950K | $1.81M | $1.49M | $190K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $27K | $452K | $487K | $0 | $0 | $0 |
| Total Current Assets | $4.3M | $3.08M | $1.63M | $1.85M | $1.51M | $234K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $3.83M | $22K | $41K | $201K | $0 | $0 |
| Goodwill | $0 | $3.96M | $3.96M | $0 | $0 | $0 |
| Intangible Assets | $1.02M | $3.8M | $4.15M | $7.16M | $95K | $225K |
| Long-Term Investments | $10.52M | $1.57M | $1.57M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $352K | $0 | $0 | $37K | $40K | $43K |
| Total Long-Term Assets | $15.72M | $9.36M | $9.73M | $7.4M | $135K | $268K |
| Other Assets | $0 | $0 | $0 | $0 | $1 | $0 |
| Total Assets | $20.02M | $12.44M | $11.36M | $9.25M | $1.65M | $502K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $184K | $1.1M | $964K | $4.83M | $1.46M | $166K |
| Short-Term Debt | $60K | $125K | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $1.76M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $2.08M | $128K | $193K | $146K | $12K | $431K |
| Total Current Liabilities | $4.24M | $1.36M | $1.16M | $4.97M | $1.47M | $597K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $288K | $360K | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $3.43M | $3.65M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $288K | $3.79M | $3.65M | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.53M | $5.15M | $4.81M | $4.97M | $1.47M | $597K |
| Stockholders' Equity | ||||||
| Preferred Stock | $250K | $30 | $408 | $404 | $10 | $12 |
| Common Stock | $3K | $3K | $40 | $21K | $14K | $46K |
| Retained Earnings | -$9.39M | -$76K | -$644K | -$889K | -$1.03M | -$809K |
| Comprehensive Income & Other | $1.02M | -$13K | $66K | -$7K | -$4K | $6K |
| Other Stockholders' Equity | $24.88M | $7.36M | $7.2M | $5.14M | $1.19M | $668K |
| Total Equity | $15.5M | $7.29M | $6.56M | $4.27M | $175K | -$95K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $20.02M | $12.44M | $11.36M | $9.25M | $1.65M | $502K |
| Supplementary Data | ||||||
| Total Debt | $349K | $485K | $0 | $0 | $0 | $0 |
| Net Debt | $34K | $63K | -$170K | -$45K | -$29K | -$31K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$6.97M | $568K | $245K | $142K | -$222K | $552K |
| Depreciation & Amortization | $375K | $143K | $128K | $46K | $0 | $5K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $57K | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$2.67M | -$1.22M | $456K | $327K | -$1.29M | -$224K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$458K | $0 | $0 | -$333K | $0 | $161K |
| Other Working Capital | $1.55M | -$46K | -$152K | $136K | -$402K | $206K |
| Total Working Capital Change | -$1.57M | -$1.27M | $304K | $130K | -$1.69M | $142K |
| Other Non-Cash Items | $6.77M | $138K | -$463K | $21K | $1.36M | -$753K |
| Net Cash from Operating | -$1.4M | -$416K | $214K | $340K | -$495K | -$54K |
| Investing Activities | ||||||
| Capital Expenditures | -$365K | $0 | -$925K | -$247K | $0 | $0 |
| Acquisitions | $0 | $235K | $0 | -$73K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$3.49M | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$3.86M | $235K | -$925K | -$320K | $0 | $0 |
| Financing Activities | ||||||
| Debt Repaid | $212K | -$360K | $79K | - | - | $19K |
| Common Stock Issuance | $4.46M | $245K | $388K | $0 | $502K | $43K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$94K | $454K | $0 | $0 | $56K |
| Net Cash from Financing | $4.25M | $511K | $764K | $0 | $502K | $80K |
| Forex Effect | $897K | -$78K | $72K | -$3K | -$9K | $4K |
| Net Change in Cash | -$108K | $252K | $125K | $16K | -$2K | $30K |
| Supplementary Data | ||||||
| Operating Cash Flow | -$1.4M | -$416K | $214K | $340K | -$495K | -$54K |
| Capital Expenditure | -$365K | $0 | -$925K | -$247K | $0 | -$3 |
| Free Cash Flow | -$1.76M | -$416K | -$712K | $92K | -$495K | -$54K |
| Cash at Beginning | $422K | $170K | $45K | $29K | $31K | $1K |
| Cash at End | $314K | $422K | $170K | $45K | $29K | $31K |