Due to the strategic spinoff of its emerging markets business units and M&A that will improve growth for its DataLogiq business, Logiq Inc (OTCMKTS: LGIQ) – dedicated to providing award-winning e-commerce and fintech solutions, is all set to make a significant impact.
DataLogiq has been integrated into three leading ecommerce platforms in the year 2020, and has become a leader in data-driven consumer intelligence and automated marketing technology. Spearheaded by Logiq Consumer Marketplace (LCM), these business units are gathering steam on the customer front and exploring opportunities on the strategic partnership and potential M&A side too.
With recent acquisitions of Push Interactive, Fixel AI, and Rebel AI, Logiq has provided a solid platform for small to medium-sized businesses, which is all set to make a big splash in the next few years. Strategic alternatives are being assessed as well, such as a possible spinoff of its AppLogiq business (includes ayLogiq e-Wallet, GoLogiq hyper-local food delivery, mobile fintech platform for microlending and other mobile ecommerce solutions) within the next few months that focuses on burgeoning emerging markets fintech opportunity.
Matthew Brent, chief strategy officer at AppLogiq, believes this business is perfectly positioned to attract the right growth capital with the correct investors, with PayLogiq and GoLogiq going strong in Indonesia.