Finger's Sales Reach 90.1 Billion KRW Last Year... "Growth Expected with STO Market Expansion"

[Asia Economy Reporter Jang Hyowon] Finger (CEO An Inju) announced on the 13th through a disclosure that it recorded consolidated sales of 90.1 billion KRW and operating profit of 5.4 billion KRW last year. This year's net profit reached 1.9 billion KRW, a 120% increase compared to the previous year.

Finger actively developed fintech businesses such as custody, CBDC (Central Bank Digital Currency), simple payment, and metaverse in collaboration with numerous financial institutions. In the second half of last year alone, it consecutively secured large-scale projects worth a total of 17 billion KRW, and established a stable revenue structure through an annual ITO (IT Outsourcing, maintenance) contract, which is expected to be reflected in the next quarter's performance.

Due to the nature of fintech businesses, where the reflection of business results is not immediate, Finger's performance shows a "biennial growth pattern." Finger explained that it achieved a record-high consolidated sales of 94.8 billion KRW in 2021 by winning the financial sector MyData project and went through a stabilization and internalization period while conducting the project last year.

Finger is now able to expect a significant increase in performance once again. This is because the financial authorities fully permitted the issuance and distribution of security tokens (STO, Security Token Offering) this year and announced related guidelines, which is expected to benefit Finger, which succeeded in building a blockchain-based NFT trading (issuance and distribution) platform.

In fact, Finger possesses all the essential ABCDM (AI, Blockchain, Cloud, Data, Mobile & Metaverse) proprietary technologies required for building an STO platform, and is accelerating practical preparations such as applying for preliminary certification of the Information Security Management System (ISMS) and applying for a Virtual Asset Service Provider (VASP) license to expand financial services.

A Finger official stated, “We anticipated the activation of the STO market in advance and have been moving ahead of others,” and added, “Based on our know-how in building NFT trading platforms that can be utilized in various fields, we will prepare thoroughly to expand business opportunities in the STO market.”