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