Kintyre Holdings inks new joint venture with digital and delivery company Digitize Jamaica

 


Kintyre Holdings (JA) Limited  (formerly iCreate)whose first quarter 2025 and audited financials for the year ended are delayed has meanwhile announced a new joint venture with digital company
Digitize Jamaica, creators of the Island Run mobile app.

 Island Run — www.islandrunja.com — is a multi-service platform that combines on-demand food delivery, event ticketing, and on demand services that include bookings for professionals such as make-up artists, freelancers, and other service providers.

Kintyre states that Island Run is now live in Kingston, Montego Bay, and Ocho Rios, with recent expansion into the Dominican Republic.

“Launches in the British Virgin Islands and Belize are currently underway and are scheduled for a Q3 2025 launch. As of May 2025, Island Run has surpassed 17,100 registered users and is now one of the top-downloaded apps in its category in Jamaica,”  it was stated.

Kintyre Holdings, Chairman  and CEO Tyrone Wilson,  said, will  support Island Run through its internal strategy and operations team, while also leveraging  subsidiary Visual Vibe, “to promote and embed Island Run across key urban and commercial zones.We see Island Run as a powerful tech platform that represents the future of how people move, work, eat, and access services on demand,” said Wilson.

He added, “Our focus is on scaling high-growth ventures, and this joint venture aligns perfectly with our vision of building a digital ecosystem that supports commerce, lifestyle, and entrepreneurship in the Caribbean.”

“Restructuring GetPaid as a core division a lowed us to cut costs, streamline our strategy, and reposition for regional growth. GetPaid, which is our Financial Technology (FinTech) and e-commerce division, now serves as the foundation for scaling digital platforms at Kintyre.”

Kintyre indicates that audited and first quarter results are delayed due to the onboarding of a new finance team.

However unaudited results for the fourth quarter ended December 31, 2024, reported  revenue for Q4 2024 was $93.35 million, reflecting a 50.3 per cent increase from $62.09 million in Q4 2023. Net profit surged  $60.35 million, up from $12.39 million in Q4 2023.

 For the twelve months ended December 31, 2024, Kintyre Holdings recorded revenue up  by 54.6 per cent  to $217.08 million, compared to $140.46 million in 2023, largely attributed  to improved performance from Visual Vibe and investment gains.

 Net profit for the year was $80.64 million, reversing a loss of $137.72 million in 2023.

Caribbean Money Daily

Linkedin Photo: Tyrone Wilson, CEO, Kintyre.

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