DTL is a Gibraltar based investing company. DTL has five current investments, the most important of which are its 8% stake in Nektan plc, a leading international B2B mobile gaming company, a 38% stake in VNU Group LLC, a speciality online direct retailer of premium goods paid for through an instant credit facility, 100% shareholding in Interest Labs, which builds consumer and commercial applications around user behaviour and 12% of Freeformers which helps companies fulfil the employee aspects of their digital strategies.
In 2016 DTL informed investors that it will seek to exit all the shareholdings in the five portfolio companies, during the course of the next 3 years and will disperse the proceeds back to DTL’s shareholders. Disbursement of proceeds will either be through the distribution of shares if a company is listed on a public market (post any lock in period and stability in the share price) or cash from the sale of DTL’s positions.
Blue Star’s £300,000 investment in DTL was made in 2007. Since its original investment, DTL has raised money at significantly higher valuations and while the Company’s percentage shareholding has fallen to 2.1% the value of its investment has risen significantly and now stands at £1.6 million.
SatoshiPay is developing a two-way payment platform, which enables online content providers to monetise their digital content through the acceptance of nanopayments. Using the SatoshiPay platform, online media companies are able to process nanopayments of EUR0.05 (5c) or less with minimal transaction fees. SatoshiPay technology can also process payments greater than 5c, but the company believes the real technical innovation is in relation to nanopayments, in some cases being less than 1c. SatoshiPay is based on blockchain technology.
SatoshiPay believe its technology will provide a direct alternative to paywalls and subscriptions, currently adopted by some media companies, and should instead enable users to pay for consumption on a per article, per song or per download basis; or for content to be consumed and paid for on an incremental basis (payment per paragraph or minute of audio or video content). SatoshiPay works without software download or sign-up for the user (save for creation/top up of an online wallet). Payments are instant and the user’s wallet balance is available on each website that integrates the SatoshiPay software.
Having initially acquired 10.68% of SatoshiPay in January 2017, the Company increased its stake on two further occasions and now holds 31.4% in addition the Company has loaned SatoshiPay 200,000 euros which has to be converted or repaid before 31st December 2018. The Company is valuing its shareholding in StaoishiPay at cost which is currently £1.685m.
In June 2015 the Company invested £50,000 in Sthaler Limited, an early stage identity and payments technology business which enables a consumer to identify themselves and pay using just their finger at retail points of sale. Sthaler jointly developed Fingopay in conjunction with Hitachi. Fingopay uses a unique finger vein ID process which is considered to be more secure than finger print readers and faster than chip and pin operations. The technology is widely adopted in Japan and it is Sthaler’s aim to commercialise the technology in the area of payments globaly.
Since making its initial investment, Sthaler has raised funds at significantly higher valuations and the Company’s 1% shareholding is Sthaler is now carried in the Company’s accounts at the most recent external valuation which values it at £227,000.