BANXA Holdings Inc (TSX-V:BNXA) is a global Payments Service Provider (PSP) serving the digital asset/cryptocurrency industry. It does so by using its platform as a “bridge” between the fiat/cash/banking system and the digital asset/exchange system. The company is headquartered in Australia where it has pioneered easy to access, local payments platforms for retail investors to acquire cryptocurrencies. More recently it has expanded its infrastructure to the B2B market, partnering with the leading cryptocurrency exchanges, including OK Group, Binance, KuCoin and EDGE Wallet. It has also expanded to the UK, the European Union, USA and Canada. The company has reported Q3 FY21 (March quarter) transaction payments value (TPV) of A$205m, a 695% increase on Q3 FY20’s TPV and an 84% jump on Q2 FY21. The growth was driven by an acceleration of volumes across the quarter with March 2021 TPV lifting 13% on February which in turn increased 29% on January. Year to date TPVs are A$400m, well ahead of our initial forecasts. We have revisited our estimates and are now forecasting Q4 FY21 TPV of A$256m (representing a 450% increase on Q4 FY20 and 25% increase on Q3 FY21) to bring total TPV for FY21 to A$653m (previously A$477m).