Highlights:

• $688 million AUD (519.3 million USD) Total Transaction Value (TTV) for the Fiscal Year ended 30th June - up 893% year on year
• Revenue of $46 million AUD (34.7 million USD) for the Fiscal Year ended 30th June - up over 577% year on year
• $25 million AUD (18.8 million USD) in liquid assets (including cash and equivalents)
• Adjusted EBITDA profit of $1.7 million AUD (1.2 million USD) excluding public company listing cost (one-off)
• Statutory loss of $5.7m AUD (4.3 million USD) including non-cash items and public company listing costs (one-off)
• Negative Operating Cash Flow of $0.60 million AUD (0.45 million USD)
• Growth of B2B customers with 72 signed partners

TORONTO and MELBOURNE, October 29th, 2021 - BANXA Holdings Inc. (TSX-V: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's first public payment service provider (PSP) and compliance Reg-tech platform for the digital asset industry, is pleased to announce its audited results for the 30th June 2021 Fiscal year.

Banxa has grown exponentially over the past year and since its listing on January 6th, 2021. The company has built the Banxa Network to 72 partners, up from 24 over the previous 12 months. Banxa has also added a host of new coins and currencies, with more being added every month. The financial year covered in the current release runs from July 1st 2020 to June 30th 2021.

Domenic Carosa, Founder and Chairman of Banxa, said: “It is a great time for Banxa, and for the wider cryptocurrency market in general. We’ve had a stellar year. The company has grown from strength to strength on the back of our exceptional team, growing customer base and strong balance sheet. We see more opportunities, and we are adding more cryptocurrency licenses, more payment methods and more coins while exploring a NASDAQ dual listing. I expect this current fiscal year will be a positive one for Banxa.”

Holger Arians, CEO of Banxa, said: “These last 12 months have been fantastic, not just for Banxa’s results, but for the strong results we have been able to deliver with our partners. With our expanded leadership group, additional customer success resources and new product offerings, our partners are able to offer their customers an enhanced experience, with consistently strong conversion and fulfilment results. The best news is that this is just the start, with many new product releases, team hires and local market plans still to come.”

Table showing Adjusted EBITDA Bridge:

Banxa is listed on the TSX-V (BNXA), and the Company’s board has approved management to commence the process to dual list on NASDAQ in early 2022. The company listed at CAD$1 on Jan 6th 2021, and is now trading at CAD $3.57. In the past 12 months the company has grown from 40 staff to over 150, and has expanded both its payment methods and its geographical footprint - with continued expansion in Europe, USA and emerging markets in the near future.

The approx FX rate between $AUD/$USD is AUD$1 = USD 0.75cents

EARNINGS WEBINAR:

The Company will run an Earnings call webinar via zoom:

Monday, 1st November, 2021

3pm EDT/12pm PDT

Register: https://bit.ly/BNXA-Earnings-2021

The latest financial documents are available on the link below:

https://bit.ly/BNXA-Financial-Statements

(Includes Financial results investor presentation, Financial Statement (Audited) FY 30th June 2021, and Financial MD&A report)

ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA"  https://twitter.com/dcarosa 
Domenic Carosa
Chairman (1-888-218-6863)

ABOUT US

Banxa Holdings Inc. (TSX-V: BNXA) (OTCQX: BNXAF) (FSE: AC00)
Banxa powers the world's largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. Banxa's mission and vision is to build the bridge that provides people in every part of the world access to a fairer and more equitable financial system. Banxa is headquartered in Melbourne, Australia, with European headquarters in Amsterdam, the Netherlands.

For Further Information, see www.banxa.com

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws.  Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies.

These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance.

Banxa’s statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of Banxa's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of the Company’s business, including: Banxa’s assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and risks that future results may vary from historical results.

Except as required by securities law, Banxa does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For Further Information, see www.banxa.com

CONTACTS:
Investor Relations:
North America: +1 (604) 609 6169
International: +61 451 744 080
Email: Investor@banxa.com

Lytham Partners, LLC
Ben Shamsian
New York/Phoenix
Email: shamsian@lythampartners.com

Media Contacts:
Liam Bussell, Head of Corporate Communications
Email: Liam@banxa.com