iQSTEL expands fintech reach with GlobeTopper acquisition to bolster revenue growth

iQSTEL Inc., a multinational technology firm operating in telecom, fintech, artificial intelligence (AI), and cybersecurity, has taken a significant step toward strengthening its fintech footprint. The company has signed a Memorandum of Understanding (MOU) to acquire a 51% equity stake in GlobeTopper, LLC, a rapidly growing fintech firm specializing in B2B Top-Up solutions. The strategic move is expected to enhance iQSTEL’s fintech capabilities by integrating GlobeTopper’s cross-border payment solutions with its existing telecom services, opening up new high-margin revenue streams.

This acquisition aligns with iQSTEL’s broader vision of expanding beyond telecom services and leveraging its infrastructure to drive fintech innovation. GlobeTopper, already profitable with a scalable business model, brings a strong financial performance to the table. The acquisition is anticipated to significantly contribute to iQSTEL’s revenue goals, particularly as the company pushes toward its ambitious $1 billion revenue target by 2027.

Why Is iQSTEL Betting on Fintech for Future Growth?

Fintech has become an integral part of iQSTEL’s diversification strategy, complementing its telecom operations. As the global demand for seamless digital payment solutions rises, particularly in emerging markets, the company aims to capitalize on the synergy between telecom and fintech. iQSTEL’s existing infrastructure spans 21 countries across four continents, providing an extensive customer base that can be leveraged for fintech cross-selling opportunities.

GlobeTopper’s B2B Top-Up solutions enable businesses to facilitate cross-border transactions efficiently, making it a valuable addition to iQSTEL’s portfolio. The integration of these services into iQSTEL’s telecom business is expected to drive higher customer engagement while expanding the company’s fintech footprint.

The move also reflects a broader industry trend where telecom operators are increasingly investing in fintech to diversify their revenue sources. With mobile payment platforms and digital banking services becoming more mainstream, companies that can seamlessly integrate telecom and fintech stand to gain a competitive edge.

How Will GlobeTopper’s Acquisition Impact iQSTEL’s Financial Outlook?

iQSTEL’s financial performance has shown strong momentum, with the company generating $283 million in revenue for FY-2024. Looking ahead, the company has projected $340 million in revenue for 2025, with a significant portion of this growth driven by its telecom operations. However, the acquisition of GlobeTopper is expected to accelerate the expansion of its fintech division, further boosting revenue and EBITDA.

GlobeTopper reported preliminary FY-2024 revenues of $39.4 million, with an EBITDA of $190,000. Under iQSTEL’s ownership, the fintech firm is set for aggressive growth, with revenue projections of $60 million and an EBITDA of $450,000 for FY-2025. By 2026, GlobeTopper’s revenue is expected to reach $85 million, with EBITDA climbing to $620,000.

The acquisition aligns with iQSTEL’s strategy to maximize profitability by expanding into fintech, where margins are typically higher than in the telecom sector. By leveraging its existing infrastructure and customer base, the company aims to create an integrated ecosystem that drives sustained financial growth.

What Are the Terms of iQSTEL’s Investment in GlobeTopper?

Under the agreement, iQSTEL will acquire a 51% stake in GlobeTopper for $700,000. The payment structure includes an initial cash component of $200,000, distributed over three months. Additionally, $500,000 will be paid in iQSTEL common shares, subject to a six-month holding period.

Beyond the equity acquisition, iQSTEL has committed to providing up to $1.2 million in structured growth capital over 24 months. These funds will be disbursed in $50,000 monthly installments, contingent upon GlobeTopper achieving predetermined financial milestones. The capital infusion is intended to support GlobeTopper’s expansion plans, including scaling its operations and penetrating new markets.

How Will iQSTEL Leverage GlobeTopper’s Expertise and Market Reach?

One of the key advantages of this acquisition is the complementary nature of iQSTEL’s telecom business and GlobeTopper’s fintech solutions. The integration of fintech services within iQSTEL’s telecom ecosystem presents significant cross-selling opportunities, enabling the company to offer enhanced financial services to its existing customers.

GlobeTopper maintains strategic partnerships with major retail companies, providing iQSTEL with an opportunity to extend its service offerings beyond telecom. These relationships could serve as a gateway for iQSTEL to enter new verticals and strengthen its market presence in digital payments.

Furthermore, GlobeTopper’s scalable business model ensures that its fintech solutions can be rapidly deployed across multiple markets, allowing iQSTEL to accelerate its fintech expansion without the need for significant additional infrastructure investment.

What Are the Broader Implications for iQSTEL’s Growth Strategy?

The acquisition of GlobeTopper is a pivotal move in iQSTEL’s long-term strategy to diversify its business and reduce reliance on telecom revenues. The company’s vision of achieving $1 billion in revenue by 2027 hinges on its ability to expand into high-margin sectors like fintech, AI, and cybersecurity.

With fintech playing an increasingly important role in global commerce, iQSTEL’s decision to deepen its fintech footprint positions it well for sustained growth. The company has already demonstrated its ability to execute strategic acquisitions, and the addition of GlobeTopper reinforces its commitment to building a diversified technology portfolio.

CEO Leandro Iglesias has emphasized the importance of this acquisition in accelerating iQSTEL’s growth trajectory. According to Iglesias, integrating GlobeTopper’s fintech solutions with iQSTEL’s telecom infrastructure will provide a significant competitive advantage, ultimately driving greater shareholder value.

How Is the Market Responding to iQSTEL’s Expansion Strategy?

Following the announcement of the acquisition, iQSTEL’s stock (OTCQX: IQST) saw an uptick, reflecting investor confidence in the company’s expansion strategy. The stock closed at $0.1565 on March 21, 2025, marking a 4.33% increase from the previous close. Over the past year, the stock has gained 9.23%, reaching a high of $0.4085 and a low of $0.1420.

Industry analysts believe that the acquisition could serve as a catalyst for further growth, as it enhances iQSTEL’s revenue diversification and strengthens its position in the fintech sector. If the company successfully integrates GlobeTopper’s services and executes its cross-selling strategy, its valuation could see further upside in the coming quarters.

As fintech continues to evolve, iQSTEL’s strategic positioning at the intersection of telecom and financial services presents a compelling growth opportunity. By expanding its fintech offerings while maintaining its strong telecom foundation, the company is charting a path toward sustainable long-term success.