TROOPS provides consultancy services for insurance products in Hong Kong, Australia, and the People's Republic of China. It also provides mortgage, personal, and corporate loans; and advisory and referral services in relation to the application of migration, education and visa renewal to its customers.
Additionally, it is involved in property lease and management; development, operation, and management of an online financial marketplace for financial technology solutions Including API services. Founded in 2005 and headquartered in Tsuen Wan, Hong Kong, TROOPS was formerly known as SGOCO Group, Ltd. before rebranding in November 2021.
TROOPS, Inc. is a financial services company based in Hong Kong that provides consultancy services for insurance products in Hong Kong, Australia, and the People's Republic of China. It also offers mortgage, personal, and corporate loans, as well as advisory and referral services related to migration, education, and visa renewal applications. Additionally, the company is involved in property lease and management, and it develops, operates, and manages an online financial marketplace for financial technology solutions, including API services. Formerly known as SGOCO Group, Ltd., the company rebranded to TROOPS in November 2021.
Where is TROOPS, Inc. (TROO) listed and in what currency?
TROOPS, Inc. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol TROO. Its securities trade in US Dollars (USD), as it is a US-listed company despite being headquartered in Hong Kong. The exchange is part of the US region, and the company reports its financials in USD.
What sector and industry does TROOPS, Inc. (TROO) belong to?
TROOPS, Inc. operates in the Financial Services sector and is specifically classified under the Credit Services industry. This means the company is primarily engaged in providing credit-related services, such as loans and financial advisory, rather than traditional banking or insurance underwriting. Its activities include mortgage, personal, and corporate lending, as well as consultancy for insurance products and financial technology solutions.
Where is TROOPS, Inc. (TROO) headquartered and what markets does it serve?
TROOPS, Inc. is headquartered in Tsuen Wan, Hong Kong, and serves markets in Hong Kong, Australia, and the People's Republic of China. The company was founded in 2005 and has since expanded its operations to include insurance consultancy, loan services, migration and education advisory, property management, and financial technology solutions across these regions. Its online financial marketplace and API services further extend its reach in the fintech space.
How does TROOPS, Inc. (TROO) make money?
TROOPS, Inc. generates revenue through multiple streams. It earns fees from providing consultancy services for insurance products to clients in Hong Kong, Australia, and China. The company also makes money by offering mortgage, personal, and corporate loans, likely through interest income. Additionally, it charges for advisory and referral services related to migration, education, and visa renewal applications. Property lease and management activities contribute rental income, while its online financial marketplace and API services generate revenue through financial technology solutions, such as transaction fees or subscription models.