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 | |||
