How Swifty Global Grew the Businesses Profit in Its First Year Of Operation
In the fast-paced world of technology and innovation, one company has emerged as a true trailblazer – Swifty Global. Formerly known as Dear Cashmere Holding Co (DRCR), Swifty Global is a London, New York, and Dubai-based technology powerhouse that has been making waves with its groundbreaking blockchain and cryptocurrency solutions, forms of payment that some online bookmakers and sportsbooks are now accepting. In this article, we delve into the remarkable journey of Swifty Global, exploring how it has achieved remarkable growth in just its first full year of operations.
Swifty Global, previously operating under the name Dear Cashmere Holding Co (DRCR), underwent a significant transformation to become the dynamic entity it is today. This technology-oriented company, under the umbrella of Swifty Global, has redefined itself, focusing on creating highly scalable and innovative solutions in the Sports Betting Sector through its subsidiary, Swifty Gaming. With operations spanning across five countries and licenses in multiple jurisdictions, Swifty Global has set the stage for a remarkable journey.
In 2022, Swifty Global, through its subsidiary, Swifty Gaming, unveiled its proprietary swipe betting Sports Predictions App, Sportsbook, and Online Casino platforms. The industry took note as Swifty Gaming made its foray into the world of sports betting, and the results were nothing short of extraordinary. Within the first 12 months of trading, Swifty Gaming, under the Swifty Global umbrella, achieved a remarkable milestone – a staggering $68 million in revenue and profitable cash flow.
Swifty Global’s growth trajectory has been nothing short of impressive. The company’s ability to implement its technology seamlessly and prove the scalability of its products has set it on a course to becoming a global leader in the gambling sector through its subsidiary, Swifty Gaming. With new licenses in the pipeline and a commitment to territorial expansion, Swifty Global is poised for continued success.
As Swifty Global aims to solidify its position in the market, it is diligently working on its name and ticker change with FINRA. This transition has faced some challenges due to historical company records from previous management. However, the company is dedicated to navigating through the administrative processes required for a smooth transition.
In light of current market conditions and macro-economic factors, Swifty Global has made a strategic decision to delay the filing of its S-1 Registration Statement. While the company is fully prepared for the filing, it believes that the timing is not optimal as it explores potential up list plans. Swifty Global remains committed to becoming fully reporting and has a contingency plan in place to file a Form 10 should the need arise.
Swifty Global’s valuation is a topic of considerable interest. Management believes that the company’s true worth exceeds $40 million, considering global industry standards, EBITDA, and current year metrics. This valuation is a testament to Swifty Global’s proprietary technology, scalability, intellectual property, and licenses.
Swifty Global has already set its sights on expanding into new territories through its subsidiary, Swifty Gaming. The company has applied for gambling licenses in South Africa and Ireland, with the approval process typically taking between six to nine months. This strategic move reflects Swifty Global’s commitment to establishing a global presence in the industry.
James Gibbons, the CEO of Swifty Global, shared his insights on the company’s performance amidst challenging market conditions. He expressed confidence in the company’s growth trajectory, especially with the impending release of the new Swifty platform. Despite market fluctuations, Swifty Global remains bullish about its future.
Swifty Global’s success is not only attributed to its innovative technology but also to its dedicated team. With offices in the UK, Eastern Europe, South Africa, and Dubai, the company’s high-caliber technical, management, and operational staff are instrumental in supporting its growth plans.
Nicolas Link, the Chairman of Swifty Global, has a strong vision for the company’s future. He sees Swifty Global as a lean, efficient, and technologically advanced operation ready to scale. While acknowledging market challenges, he believes that the company’s stock is significantly discounted, presenting a unique opportunity for investors. For those looking to acquire or trade such discounted stock, need only to check out the current ticker “DRCR” on OTC markets.
Swifty Global’s journey from Dear Cashmere Holding Co to its current identity is a testament to its unwavering commitment to innovation and growth, especially in the realm of gambling and sports betting through its subsidiary, Swifty Gaming. With remarkable achievements in its first year of operations and a vision for continued expansion, Swifty Global is set to leave an indelible mark on the technology and gambling sectors. This is certainly an area that those interested in horse racing and betting should keep an eye on, as the more account options people can have the better. As the company navigates administrative processes and explores new territories, the future looks promising for this dynamic technology powerhouse.