FingerMotion Inc (NASDAQ: FNGR) is a China-based mobile services company that provides mobile payment and recharge services, bulk SMS and MMS messaging services, and data analytics for the insurance industry. Revenue comes from three business lines: mobile recharge transactions processed through partnerships with Chinese telecom operators, bulk SMS/MMS services sold to corporate clients at volume pricing, and insurance-focused data analytics via its Sapientus Platform operated through subsidiary Finger Motion Financial Company Limited (FMFC). For the fiscal year ended February 28, 2025, the company recorded $35,607,614 in total revenue, a 1% decrease from the fiscal year ended February 29, 2024. Operations run through a variable interest entity (VIE) structure in the PRC, with key operating entities including Shanghai JiuGe Information Technology Co. and Beijing XunLian TianXia Technology Co. The company's SMS integrated platform processed more than 150 million SMS messages per month as of the filing date, representing approximately 0.006% of China's total SMS market volume in the fiscal year ended February 28, 2025.

Revenue model

Transactional revenue from mobile recharge and payment processing fees; volume-based pricing on bulk SMS and MMS bundles purchased wholesale from telecom operators and resold to corporate clients; and technology service fees from the Sapientus Platform for insurance data analytics, with planned expansion into commissions and profit-sharing as the platform scales.

Products and services

Mobile payment and recharge services; bulk SMS and MMS messaging via the SMS Integrated Platform (processing 150+ million messages per month as of the 10-K filed 2025-05-29); RCS/MaaP (Messaging as a Platform) proprietary business messaging platform built for 5G infrastructure; Sapientus Platform for insurance risk rating, customer segmentation, and precision marketing analytics.

Customers and end markets

Corporate SMS clients including premium car manufacturers, hotel chains, airlines, and e-commerce companies; insurance and reinsurance industry clients using the Sapientus Platform for risk analytics; mobile telecom end-users in China reached through China Unicom and other operator partnerships.

Value-chain role

Intermediary and technology layer between Chinese telecom operators and business customers: aggregates bulk telecom capacity (recharge, SMS/MMS) and resells it to enterprises; also acts as a data analytics and InsurTech platform provider sitting between insurers, reinsurers, and distribution channels.

Geographic exposure

Operations concentrated in the PRC, with corporate entities incorporated in Hong Kong and Samoa. All disclosed operating revenue is generated in China through PRC-based VIE entities as of the fiscal year ended February 28, 2025.

Source: SEC 10-K, filed 2025-05-29

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