iQSTEL Acquires 51% of Fintech Innovator Globetopper

iQSTEL ( (IQST) ) just unveiled an announcement.

On May 29, 2025, IQSTEL Inc. announced its agreement to acquire 51% of Globetopper, a fintech innovator with operations in America, Europe, and Africa, effective July 1, 2025. This acquisition is a strategic move to expand IQSTEL’s fintech footprint globally, aiming to accelerate their growth towards a $1 billion revenue target by 2027. The transaction, valued at up to $700,000, includes staged cash payments and performance-based earn-outs, with additional investments of up to $1.2 million over two years contingent on financial targets. This acquisition strengthens IQSTEL’s position in the fintech and telecommunications convergence, enhancing its market reach and shareholder value.

Spark’s Take on IQST Stock

According to Spark, TipRanks’ AI Analyst, IQST is a Neutral.

The overall stock score is primarily influenced by financial performance challenges, including negative net margins and cash flows, and technical analysis indicating bearish momentum. Valuation concerns due to a negative P/E ratio further weigh on the score, although the company’s strategic growth aspirations provide a potential long-term positive outlook.

To see Spark’s full report on IQST stock, click here.

More about iQSTEL

IQSTEL Inc. is a multinational technology company offering advanced solutions in Telecom, High-Tech Telecom Services, Fintech, AI-Powered Telecom Platforms, and Cybersecurity. Operating in 21 countries, IQSTEL serves a global customer base with high-value, high-margin services and is on a trajectory to become a $1 billion tech-driven enterprise by 2027.

Average Trading Volume: 30,479

Technical Sentiment Signal: Sell

Current Market Cap: $26.41M

For an in-depth examination of IQST stock, go to TipRanks’ Stock Analysis page.