Filed by Netfin Holdco pursuant to Rule 425

under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

 

Subject Company: Netfin Acquisition Corp. (File No. 001-39008)

Commission File No. for the Related Registration Statement: 333-248486

 

The financial statements set forth below were filed by Netfin Acquisition Corp. on September 30, 2020 as Exhibit 99.3 to a Current Report on Form 8-K in connection with the proposed business combination among Netfin Acquisition Corp., Netfin Holdco, Netfin Merger Sub and Triterras Fintech Pte. Ltd.

 

TRITERRAS FINTECH PTE. LTD.

Statement of financial position

 

    Aug 2020  
    FY2021  
    US$  
       
ASSETS      
Non-current assets     13,911,593  
         
Trade receivables - external customers     11,879,530  
Trade receivables - related parties     1,059,963  
Other Assets - related parties     2,551,017  
Other assets     2,048,678  
Cash and cash equivalents     5,889,493  
Current assets     23,428,681  
Total assets     37,340,274  
         
EQUITY        
Total equity     30,577,436  
         
LIABILITIES        
Non current liability     2,787,013  
         
Trade and other payables     1,398,850  
Other Liabilities     2,576,975  
Current liabilities     3,975,825  
Total liabilities     6,762,838  
         
TOTAL LIABILITIES AND EQUITY     37,340,274  

 

     

 

 

TRITERRAS FINTECH PTE. LTD.

Profit or loss for the six months ended 31 August 2020

 

    6 months  
    Aug-20  
    US$  
       
Revenue     23,692,234  
         
Costs and expenses:        
Cost of revenue     (2,567,280 )
Research and development     (15,059 )
Marketing and sales     (1,554,348 )
General and administrative     (2,259,695 )
Total costs and expenses     (6,396,382 )
         
Results from operating activities     17,295,852  
         
Finance income     10  
Finance costs     (70,367 )
Net finance (costs) / income     (70,357 )
         
Profit before income tax     17,225,495  
         
Income tax expense     (3,017,443 )
Profit for the period     14,208,052  
         
EBITDA     17,324,713  

  

  

  

 

 

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