FingerMotion, Inc.

FingerMotion, Inc.

Overview

FingerMotion is a Delaware holding company headquartered in Singapore that operates through subsidiaries and contractually controlled entities in the PRC, including a variable interest entity (VIE). The group provides technology-enabled platforms and services in China and selected international markets.

Core business

The company offers mobile payment and recharge solutions, data analytics services, and platform-based digital applications and solutions. Operations are organized into four primary segments:

• Telecommunications products and services
• Marketplace platform and digital commerce infrastructure
• Data and analytics platform solutions
• Advanced technology and platform solutions

Business segments

1. Telecommunications Products and Services

• Mobile payment and recharge: airtime and data recharge, prepaid mobile credits, data plans and subscriptions.
• Enterprise messaging (SMS/MMS) provided via Beijing XunLian TianXia Technology Co., Ltd. (Beijing Technology).
• Upstream partnerships with major Chinese telecom operators, including China Mobile and China Unicom, with revenue largely from rebates and commissions on transactions.
• Loyalty and rewards programs with telecom operators and a real-time payment and recharge platform for third-party businesses and online marketplaces (for example, TMall and PingDuoDuo).
• Additional telecom-related services include device protection programs and online sales platforms delivered in collaboration with China Unicom and China Mobile.

2. Marketplace Platform and Digital Commerce Infrastructure

• Mobile-first, online-to-offline (O2O) marketplace platform solutions that connect consumers with service providers and product vendors.
• Core platform modules: service discovery, provider matching, booking, payment processing, and post-transaction feedback.
• DaGe Platform: a digital automotive marketplace connecting vehicle owners with service providers and vendors for maintenance, repairs, EV charging, and related products.
• JiuGe Procurement Platform: enterprise procurement support for procurement workflows and centralized supplier catalogs to support mobile recharge operations and promotions.

3. Data and Analytics Platform Solutions

• Sapientus platform for data mining and analytics, targeting insurance, financial services, and enterprise customers.
• Transforms telco data into components and behavioral insights for risk assessment, customer segmentation, marketing analysis, and reporting.
• Focus on insurtech and fintech applications, with sales pursued through direct business development, pilots, proofs of concept, and enterprise procurement cycles.

4. Advanced Technology and Platform Solutions

• C2 Platform: a command and control platform for mobility-related, mission-critical operations such as emergency response, logistics, and field operations.
• Supports real-time data transmission, remote monitoring, and coordination across fleets and public-sector or enterprise environments.
• Target customers include government and public-sector agencies, municipalities, industrial operators, and automotive partners.
• Ongoing pilots, live demonstrations, and government procurement activity.

Business strategy and growth

• Strengthen core operations and platform reliability while expanding the telecom ecosystem to increase transaction volumes.
• Expand data analytics capabilities (Sapientus) and broaden applications in insurtech and fintech.
• Scale marketplace and digital commerce infrastructure with monetization via transaction fees, subscriptions, and advertising.
• Expand C2 and other advanced technology offerings into additional critical infrastructure areas such as public safety, transportation, and emergency response.
• Productize and regionalize IP, data models, and platform capabilities for new regional deployments.
• Pursue strategic partnerships, investments, and mergers and acquisitions to broaden distribution and service offerings.

Intellectual property

The company holds 16 patents covering systems related to mobile payment and recharge, big data analytics, insurance risk assessment, and related platforms (for example, SMS integrated systems, JiuGe risk and insurance modules, and mobile protection platforms).

Staffing and global footprint

• Total employees (as of February 28, 2026): 48 full-time employees.
• Geographic distribution: 40 in China, 4 in Malaysia, 2 in Hong Kong, 1 in Taiwan, 1 in Canada.
• Corporate headquarters: 111 Somerset Road, Level 3, Singapore 238164.
• Operations are largely centered on PRC subsidiaries and the VIE structure; the group also maintains international entities and activities.

Financial snapshot

• Net operating losses:
  • 2026: approximately $7.0 million
  • 2025: approximately $5.1 million
  • 2024: approximately $3.8 million
• Accumulated deficit: approximately $41.2 million as of February 28, 2026.
• The company has a history of net losses and expects continued investment in growth, platform development, and expansion.
• The SMS Integrated System processes more than 150 million SMS transactions per month via Beijing Technology operations.

Customer and market characteristics

• Revenue and growth are linked to two primary PRC telecom customers: China Unicom and China Mobile; the company identifies concentration risk related to these relationships.
• The DaGe platform and related marketplace activities target large end-user volumes through online storefronts and distribution channels and use existing telecom and platform partnerships for user acquisition.
• The DaGe platform supports EV charging networks and mobility services as part of its automotive marketplace focus.

Regulatory and corporate structure

• The company operates through a VIE structure with JiuGe Technology (VIE) contractually controlled by JiuGe Management (WFOE). The enforceability of these agreements under PRC law is uncertain.
• The company relies on MIIT licenses for mobile payment, recharge, and SMS/MMS services in China.
• Overseas listings and filings are governed by PRC rules (Overseas Listing Trial Measures) and related CSRC guidelines; ongoing regulatory developments may affect future securities offerings and the ability to repatriate funds.

Partners and governance

• Strategic cooperation with China Unicom and China Mobile through the VIE structure.
• Beijing XunLian TianXia Technology Co., Ltd. operates under MIIT licensing for SMS/MMS and is integrated with JiuGe Technology operations.
• A Risk and Information Security Committee and board-level governance oversee cybersecurity and data protection initiatives.

Key risk factors

• Dependence on the VIE structure and potential regulatory changes affecting its enforcement or validity.
• History of net losses and the need for ongoing capital to fund deposits with telecom operators and growth initiatives.
• Regulatory changes in China related to data security, cybersecurity, and foreign listings that could affect operations or access to capital.
• Concentration risk tied to China Unicom and China Mobile and potential impacts if those relationships change.
• Cross-border exposure and currency or transfer restrictions between RMB and USD.