IQSTEL's Acquisition of GlobeTopper Accelerates Global Fintech Expansion Targeting $1 Billion

Accelerating Towards $1 Billion: IQSTEL Acquires GlobeTopper

In a groundbreaking move that heralds a new chapter in the fintech landscape, IQSTEL Inc. (NASDAQ: IQST) has announced its acquisition of a 51% stake in GlobeTopper, a progressive fintech innovator. This agreement, set to take effect on July 1, 2025, positions IQSTEL on a significant trajectory towards achieving its ambitious goal of generating $1 billion in revenue.

The Vision Behind the Acquisition

Emerging from a Memorandum of Understanding signed on March 21, 2025, this strategic acquisition reflects IQSTEL’s pledge to expand its global footprint in the fintech sector. This ambition is evident as GlobeTopper alone is projected to yield over $65 million in profitable revenue in 2025. The strong market performance of GlobeTopper reinforces IQSTEL's strategic vision to scale its high-tech fintech offerings beyond current borders.

Leandro Iglesias, CEO of IQSTEL, expressed his enthusiasm, stating, "We didn’t just acquire a company—we partnered with a growth engine. We aim to elevate GlobeTopper’s innovative fintech services utilizing IQSTEL’s extensive platform, which already collaborates with over 600 of the largest telecom operators globally."

This acquisition is not merely a business decision; it symbolizes a comprehensive strategy to blend fintech services with telecommunications for deeper market penetration, particularly within enterprise applications.

Opportunities and Synergies

GlobeTopper brings with it a wealth of opportunities due to its established client base featuring major global brands. This partnership significantly enhances IQSTEL's ability to access new industries and markets, thereby deepening its reach in the global marketplace. Iglesias elaborated, stating, "This isn't just an acquisition—it's a synergistic partnership that paves the way for groundbreaking developments in fintech and telecommunications across Africa, Europe, and the Americas."

Continuity in leadership plays a crucial role in the transition, with Craig Span continuing as GlobeTopper's CEO. This decision aims to ensure a seamless integration of the two companies, aligning their visions and operational strategies.

Craig Span remarked, "Joining forces with IQSTEL represents a pivotal moment for GlobeTopper. Their backing empowers us to expedite our growth trajectory and transform into a formidable player within the global fintech space."

Aiming for New Heights in Financial Performance

IQSTEL’s acquisition plan includes a financial commitment of up to $700,000, structured to align the performance of GlobeTopper with the goals of its new parent company. This will consist of $200,000 in cash payments and $500,000 in shares of IQSTEL stock. Additionally, performance-based earn-outs tied to EBITDA growth are also on the table for the first two years following the acquisition.

Iglesias added, "Our experience with scaling subsidiaries showcases our capability, and we are committed to replicating this success with GlobeTopper. The deal places us firmly on track to achieve a revenue run rate of $400 million while maintaining a balance of 80% telecom and 20% tech revenue by year-end."

IQSTEL plans to funnel a further $1.2 million over the next two years into GlobeTopper's growth initiatives, contingent upon meeting quarterly milestones. This performance-aligned investment serves to encourage aimed collaboration and rapid progression post-acquisition.

The Road Ahead

With the joining of GlobeTopper to the IQSTEL family, the company is poised for significant acceleration towards its vision of becoming a tech-empowered enterprise, maximizing shareholder value while simultaneously pursuing high-growth opportunities across various sectors.

"We're building something substantial," Iglesias concluded, reflecting the collective optimism across the IQSTEL ecosystem. The merger is not only a step towards financial goals but rather a strategic leap that could define the future of fintech solutions in a rapidly evolving digital economy.

About GlobeTopper

Specializing in advanced B2B Top-Up solutions, GlobeTopper facilitates international financial transactions and digital prepaid products, placing it at the forefront of the fintech revolution. Under IQSTEL’s stewardship, GlobeTopper is primed for exponential growth, ready to reshape the financial technology landscape across borders.

About IQSTEL Inc.

As a key player in the telecommunications and technology sectors, IQSTEL is dedicated to providing state-of-the-art solutions in various domains, including fintech and cybersecurity. With a forward-looking approach and strategic partnerships, IQSTEL anticipates reaching $340 million in revenue for FY-2025, steadily progressing towards its goal of becoming a billion-dollar enterprise by 2027.