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Close of 30 Oct 2026, in USD
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About Upay
From its filings with the US Securities and Exchange Commission
Upay is based in Dallas, Texas and is incorporated in Nevada. Its shares trade on OTC under the ticker UPYY. The SEC classifies its business as prepackaged software. In the fiscal year to 28 February 2026, it reported revenue of $746,311 and a net loss of $1.4m. At that date it held total assets of $227,409 and shareholders' equity of −$513,858.
The consumer lending and alternative financial services industry in the United States represents a significant market segment that includes payday lending, installment lending, check cashing, and other short-term consumer finance products. According to IBISWorld, the U.S. check-cashing and payday-loan services industry generated approximately $21.4 billion in revenue during 2023, reflecting continued consumer demand for short-term and alternative credit products and related financial services.
While the Company is not currently engaged in consumer lending operations within the United States, it believes the U.S. consumer finance and credit management market may present future opportunities for expansion of its software platforms, technology solutions, and related financial services offerings. The Company currently conducts its principal lending software and credit management operations in South Africa through its ACPAS loan management software platform.
The financial compliance and anti-money laundering (“AML”) software industry in the United States continues to experience significant growth driven by increasing regulatory oversight, financial crime prevention requirements, digital banking expansion, and enhanced customer due diligence obligations imposed on financial institutions and other regulated entities.
Quoted from its 10-K, filed 2 Jun 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- N/A
- Industry
- N/A
- Listed since
- 16 Nov 2020
- Employees
- 16
- Website
- upaytechnology.com ↗
- Head office
- 3010 LBJ FWY, DALLAS, TX, 75234
- Incorporated in
- NV
- Classification
- Services-Prepackaged Software
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Jacob FolscherPresident, Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer, Director, since 2016$107,911
- Mr. Randall GreeneChief Operating Officer, Director, since 2023
- Mr. Pieter SwanepoelDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- One of the major strengths of Upay Inc is its technologically advanced payment processing system. This enables seamless and secure transactions, providing convenience to both users and businesses.
- Another strength is the company's strong network of partner merchants. This allows Upay Inc to offer a wide range of products and services, increasing its customer base and revenue streams.
Weaknesses
- One weakness of Upay Inc is its relatively limited market presence compared to some of its competitors. This may result in lower brand recognition and customer trust in certain regions.
- Another weakness is the company's dependency on technology. Any technical glitches or system failures can potentially disrupt services and negatively impact customer satisfaction.
Opportunities
- An opportunity for Upay Inc is the increasing trend towards cashless transactions. As more people adopt digital payment methods, there is a growing market for the company to tap into.
- Expansion into emerging markets presents another opportunity. Upay Inc can leverage its payment processing expertise to enter new regions with high potential for growth.
Threats
- One significant threat for Upay Inc is the intense competition in the payment processing industry. Competition from established players and new entrants could potentially erode market share and impact profitability.
- Another threat is the increasing concern over cybersecurity. Any data breaches or security incidents can severely damage Upay Inc's reputation and lead to loss of trust from customers and partners.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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