Last week IFAN Financial Inc (OTCMKTS:IFAN) was on the radars of many investors and that can be gauged from the price action in its stock. This stock ended the previous week strongly by surging by as much as 33% on Friday and thereby took its gains for the whole week to a staggering 80%.
The gains are expected to come to the attention of many investors but at the same time investors need to note that there was no news at all about the company. The rally might well be a case of speculation but it might be a good idea to have a better idea about the company’s business.
The company is involved in the booming mobile payments space and is involved in the development, designing and distribution of software for the sector. IFAN Financial primarily works through its subsidiary companies.
At this point in time, the company has a wide range of products for the mobile payments space and although there has been no news, it should be noted that it is a sector that many investors are following closely. The company had been established back in 2010 and is based out of the city of San Diego in California.