Baku: Global Innovations, the company developing the Epoint fintech platform, has announced an increase in its share capital to AZN 1,275,191.16, bringing its total capital to AZN 1,355,668.00.
According to Azeri-Press News Agency, the increase in share capital represents a significant milestone in Epoint's development. It demonstrates the sustainability of the company's financial model, its responsible approach to fulfilling obligations to business clients, and its readiness to expand operations further. A stronger capital position enhances the company's financial stability and its ability to manage operational and financial risks effectively, providing additional reliability and security for its payment infrastructure.
For Epoint's business clients, this step is a crucial indicator of the company's stability and the reliability of transactions processed through the platform. It underscores the protection of funds in accordance with applicable legislation and financial regulators' requirements. Epoint, a fintech startup, provides entrepreneurs and companies with comprehensive solutions for accepting and managing payments, developing e-commerce, and digitalising sales processes. Operating under a licence issued by the Central Bank of the Republic of Azerbaijan, the company complies with regulatory requirements relating to financial stability, risk management, information security, and the protection of clients' interests.
Zeynal Karimzada, Chief Executive Officer of Epoint, stated, "The increase in our share capital is not merely a financial indicator; it is also a confirmation of Epoint's long-term commitment to the business community and the fintech market. It is particularly important to us that our clients view Epoint as a stable and reliable technology partner capable of ensuring a high level of payment security and safeguarding their funds. We will continue to invest in technology, infrastructure, risk management systems, and the development of new digital products for businesses."
The company is also expanding its international operations through its subsidiary in Georgia. Epoint's Georgian company operates under a licence issued by the National Bank of Georgia and in accordance with local legal and regulatory requirements. This demonstrates Epoint's regional scale and the consistency of its development strategy. The company continues to advance modern fintech infrastructure, expand businesses' access to digital financial tools, and implement solutions that contribute to the development of e-commerce and cashless payments.
The increase in share and total capital strengthens Epoint's position in the financial market, enhances confidence among business clients and partners, and creates a solid financial foundation for the company's continued growth in Azerbaijan and beyond.