Wealth Management System (WMSI) operates Spiking, an AI-powered financial data and analytics platform targeting retail investors, primarily in Southeast Asia, who want to analyze U.S.-listed stocks. The platform, built on Google's Gemini Flash 2.0, aggregates publicly available data — SEC filings, earnings reports, insider trading disclosures, delayed stock prices, and macroeconomic data — and lets users query it in natural language across over 5,000 U.S.-listed companies. A key feature tracks public portfolio activity of prominent investors like Warren Buffett and Cathie Wood. The platform also offers paper trading, social trading, educational content, and community forums, but explicitly does not provide investment advice or execute trades. WMSI sells perpetual, one-time licenses rather than subscriptions — B2C licenses sell directly to individual investors at US$19,999 each, while B2B sales involve bulk account blocks sold to media or distribution companies who resell access to their audiences. This makes revenue highly transactional, with no recurring base and results that can be skewed by single large deals. Gross margins run around 80%, with costs mainly driven by payroll and G&A. WMSI also holds a Bitcoin position on its balance sheet as a hedge against fiat currency, which by September 2025 represented roughly 46% of total assets, with fair value changes flowing through the income statement. The company plans to introduce a subscription model as it expands beyond U.S. securities, and intends to use IPO proceeds to enhance its AI platform, pursue acquisitions, and grow beyond its current Singapore and Malaysia user base.
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