Nvidia AI chips targeted in China customs crackdown- FT
LOUISVILLE, KY - Alpha Modus Holdings, Inc. (NASDAQ:AMOD), a micro-cap fintech company currently valued at $15.2 million, has installed its first CashX Financial Services Kiosk at Afia Grocery, an African specialty retailer in Louisville, according to a press release statement issued Tuesday. According to InvestingPro data, the company trades at an attractive P/E ratio of 10.7x despite facing significant market challenges this year.
The deployment represents the initial phase of the company’s planned rollout targeting over 250 diaspora-centered locations across the United States. The AI-powered retail fintech platform aims to provide services including check cashing, international money transfers, bill payments, mobile top-ups, and gift cards through automated kiosks. This expansion comes as InvestingPro analysis shows the company operating with concerning liquidity metrics, including a current ratio of 0.13, highlighting the importance of successful execution in this rollout phase.
The Louisville installation operates under a signed lease and revenue-share agreement, marking what the company describes as a shift from individual pilot placements to a broader national strategy focused on diaspora communities.
"We are positioning CashX at the heart of diaspora communities that move billions of dollars internationally each year," said Tim Matthews, Head of Strategic Deployment at Alpha Modus.
The company plans to expand its kiosk presence beyond African specialty grocers to include Latino, Caribbean, and Southeast Asian community retailers. Alpha Modus states it is targeting a share of the U.S. diaspora remittance market, which it values at over $150 billion annually.
Chris Chumas, Chief Sales Officer, said the company’s approach involves "meeting them where they already shop, send money, and transact."
The company reports having over a dozen additional deployments either under contract or in active installation, following ecosystem integrations with VSBLTY, Shelf Nine, and Genmega. With the stock down over 63% year-to-date, investors seeking deeper insights into AMOD’s growth potential can access additional analysis and 8 more key investment tips through InvestingPro’s comprehensive financial analysis platform.
In other recent news, Alpha Modus Holdings, Inc. announced that CEO William Alessi has committed up to $3 million in debt financing to support the company’s operations through the end of 2025. This move is part of a broader strategy that includes converting preferred shares into common stock, thereby aligning the CEO’s interests with those of the shareholders. Additionally, Alpha Modus plans to convert Series C Preferred Stock into Class A Common Stock, enhancing shareholder equity by approximately $31 million and improving the company’s capital structure. The company has also entered into a U.S. reseller agreement with Genmega, Inc. to expand the deployment of its CashX platform through AI-enabled kiosks, marking a significant milestone in its rollout strategy.
Furthermore, Alpha Modus Ventures, LLC, a subsidiary of Alpha Modus Holdings, has filed a patent infringement lawsuit against Cisco Systems, Inc., alleging unauthorized use of its Fibre Channel over Ethernet technology. In a strategic move to bolster its kiosk rollout, the company has appointed Tim Matthews, a fintech expert, as the new Head of Deployment Strategy. These developments are part of Alpha Modus’ ongoing efforts to strengthen its financial position and expand its market presence. The company continues to focus on monetizing its patent portfolio and driving shareholder value through strategic partnerships and technology adoption.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.