Three is the magic number for Amazing AI as a deal is imminent
“…so we have been very careful and taken extensive legal advice before
we initiate a deal. We will be announcing a deal within the next couple of weeks…”
Amazing AI plc – a prophecy of things to come or an astute idea to get the top-of-the-alphabet ticker AAI containing the valuable abbreviation for artificial intelligence?
It’s early days for the Aquis-listed crypto treasury and AI financial services innovator, but Paul Mathieson founder and chief executive wants the fintech’s mission to ‘maximize upside and limit downsides’ to pan out and not be a mere platitude.
Mathieson and the word ‘amazing’ have long association with his bricks-and-mortar U.S. consumer finance company Amazing Loans founded in 2008 and now one of the three business that Amazing AI currently offers.
“We have our existing long-term lending business in the US that’s 100% owned,” says Mathieson. “We have a new subsidiary 100% owned in Mauritius that is Amazing AI Services and the Amazing AI Services part of the business not only does the crypto treasury, it also does the future growth in selling Amazing AI Services.”
Mathieson has already demonstrated he can make the lending element work and says it makes ‘a lot of money.’ Many investors though are wanting to know more about the crypto treasury asset element of the business which takes the company’s excess capital or recently raised capital and utilises Mathieson’s extensive fund management experience to buy a portfolio of crypto assets. That fund management business made investors an average of 500% over five years and Mathieson is keen to repeat and exceed that kind of performance.
With the appointment of global bitcoin treasury custodian BitGo Trust Company, the opening of AAI’s bitcoin cold wallet custodian account and the launch of its bitcoin treasury is imminent as is the intended path towards leveraging returns for investors.
Mathieson is one of those shareholders and has a substantial double digit holding. He’s also backed the business further by providing a debt facility that is larger than the company’s market cap. As he explains to Sarah Lowther in this video interview, despite the current size of the business it has attracted top talent including Fintern “one of the top fintech capital raisers in the U.K. and Starling Bank. None are in the business of losing money.
Come and meet Paul in London over lunch on October 8th and learn about #AAI’s strategy
The author was remunerated but does not hold shares in the company
