DJ Hot Rocks Investments plc: Investment in Digital Payments Business
Hot Rocks Investments plc (HRIP)
Hot Rocks Investments plc: Investment in Digital Payments Business
26-Feb-2025 / 10:17 GMT/BST
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26 February 2025
HOT ROCKS INVESTMENTS PLC
(the "Company")
Investment in digital payments business
The Directors of the Company are pleased to announce that the Company has invested GBP75,000 in Endor Group Limited
("Endor"), trading as Universe Payments(www.universepayments.co.uk)
Endor is a UK-based cross-border payments business for corporates.
Businesses incur considerable friction undertaking Cross Border Payments due to the existing legacy payment
infrastructure - SWIFT and the correspondent banking network. Endor, via its subsidiaries Universe Payments Limited and
Universe Technologies Limited, disintermediates this infrastructure through the blockchain and associated digital
(crypto) currencies resulting in hyper speed payments at a lower cost.
Endor's achievements to date include obtaining regulatory permissions to carry out payment services on behalf of
customers in both fiat and crypto in the UK and EU and successfully building a fully tested cross-border payments
platform, including a crypto exchange. Endor is now ready to scale the business and will utilise the funding to invest
in growth, where it has a book of customers ready to plug in with significant annual payment volumes.
The management team has very relevant experience at scaling cross border payment businesses from scratch including at
Equals and BVNK.
Tony Quirke, the Chief Executive Officer of Endor, was former CFO of AIM listed payments company Equals. Equals
acquired Tony and his fin tech business in order to pivot the Equals strategy and business model towards corporate
banking and cross border payments, which resulted in revenues and market cap growth x5 in 5 yrs and yielding a x7
return for Tony and his investors. At PXP Financial, which was sold in 2017, Tony was part of the founder team that
created a global payment processing business. Tony has also advised various fin tech/crypto scale ups including BVNK
and Tap Global.
Gavin Burnell, Managing Director of the Company, said: "We are excited about the potential for Endor, are pleased to
back this venture and look forward to updating the market with its progress."
Following the above investment the company holds equity and / or warrant positions in the following entities:
D3 Energy
Electrum Discovery Corp
Elephant Oil Corp
Endor Group Limited
Laiva Gold Inc
Mafula Energy Limited
Minergy Limited
Mosi Copper Limited
New Horizon Oil & Gas Limited
Orcadian Energy Plc
Oscillate plc
Phoenix Digital Assets plc
Pilar Gold Inc
Rift Resources Limited
Royal Road Minerals Limited
Supernova Digital Assets plc
Trigon Metals Inc
Tucano Gold Inc
Unicorn Mineral Resources plc
WeShop Holdings Limited
The Directors continue to look at opportunities to diversify and add value for shareholders and are currently reviewing
potential investments in a range of companies including copper and gold explorers, onshore and offshore oil explorers
and web-based businesses.
For further details please contact:
Hot Rocks Investments plc
Gavin Burnell Tel: 0207 2644 546
Optiva Securities Limited
Vishal Balasingham Tel: 0203 981 4174
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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse
Regulation (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: GB00B1WV3198
Category Code: AGR
TIDM: HRIP
LEI Code: 213800JNSRPMZVREEO51
Sequence No.: 377343
EQS News ID: 2091891
End of Announcement EQS News Service
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February 26, 2025 05:17 ET (10:17 GMT)
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