UPAY, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended August 31, 2022
October 18, 2022 at 08:07 am
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UPAY, Inc. reported earnings results for the second quarter and six months ended August 31, 2022. For the second quarter, the company reported sales was USD 0.320981 million compared to USD 0.358317 million a year ago. Net loss was USD 0.075322 million compared to USD 0.009866 million a year ago.
For the six months, sales was USD 0.696624 million compared to USD 0.693506 million a year ago. Net loss was USD 0.074265 million compared to USD 0.335837 million a year ago.
UPAY, Inc. is a software development company. It provides a cloud-based loan origination software system that is compliant with all applicable legislation and enables its customers to grant loans, sell products, pay bills or pay monthly subscriptions on terms, all within its software system. Its software platform features integrated third-party service providers, such as registered payment gateways, credit bureaus, two-way texting, credit protection insurance and decision-making platforms. Its products include Loan Origination System, Theme Studio Business Online, Credit Inquiries, and Credit Protection and Life Insurance, among others. The Loan Origination System provides Automated Credit Provider Administration System, a software system that leases on a monthly basis to customers to manage businesses, clients and processes. Theme Studio Business Online provides customized websites with ACPAS system to customers. It also specializes in providing anti-money laundering solutions.
UPAY, INC. 
