Fintech stocks enjoyed a pandemic boost, but the industry is still expected to grow by leaps and bounds going forward and this rising player is standing out…
The OLB Group, Inc. (NASDAQ: OLB) has seen exponential growth over the last year and could be one of the biggest opportunities at ground-level in the rising fintech space!
Aegis Capital Corp. recently reiterated a BUY rating on the company, and raised its 12-month price target from $7 to $9!
NYC-based The OLB Group, Inc. (NASDAQ: OLB) is a diversified Fintech eCommerce merchant services provider and Bitcoin cryptocurrency mining enterprise that recently debuted on the NASDAQ…
It’s safe to assume that most people have experienced the power of fintech at least once. Whether it’s a mobile wallet, internet banking, a UPI application or an online portal, these are just some examples of fintech in action.
The financial sector was one of the S&P 500's biggest winners last year…
The Matrix Fintech Index significantly outperformed major public stock indexes as well as a basket of legacy financial service providers for the fifth year in a row.
“In 2021, we began the year with an annualize revenue run rate of approximately $10 million. Starting this year at a $36 million annualized revenue run rate is likely to maximize our economies of scale and contribute to our bottom line.”
“Our CBD merchant portfolio acquisition is expected to add $25 million to our revenue this year and is anticipated to contribute up to $5 Million in incremental EBITDA. Adding to our improved financial position by having no outstanding debt, this should give us the financial flexibility to ramp up our cryptocurrency-related operations.”
Ronny Yakov, President and CEO of OLB
An increase from $10M to $36M in annualized revenue run rate in about a year… talk about astronomical growth…
More excitingly is that the company’s recent acquisition of CBD merchants, is anticipated to reach an annual transaction run rate volume of approximately $400 million in 2022!
After the acquisition, OLB has started the current year with the highest revenue run rate in the history of the company!The acquisition provides the company with a significant foothold in the nearly $3 billion global CBD market. According to a recent market analysis by Grandview Research, the flourishing CBD market was valued at approximately $2.8B in 2020 and is projected to increase at an annual rate of 21.2% through 2028.
This strategic acquisition positions The OLB Group, Inc. (NASDAQ: OLB) to capitalize on the projected growth of the CBD market, enabling further penetration into one of the fastest growing sectors in the United States!
According to a February 2021 report by Grandview Research relating to the current and future CBD market sector, "The market is estimated to witness a y-o-y growth of approximately 20% to 23% in the next 5 years. Hemp-derived CBD is expected to grow at a CAGR of 23.4% post-pandemic owing to increasing demand from the pharmaceutical sector and rising awareness among consumers regarding health.” ( See https://www.grandviewresearch.com/industry-analysis/cannabidiol-cbd-market ).
“Our CBD merchant portfolio acquisition is expected to add $25 million to our revenue this year and is anticipated to contribute up to $5 Million in incremental EBITDA. Adding to our improved financial position by having no outstanding debt, this should give us the financial flexibility to ramp up our cryptocurrency-related operations.” - Ronny Yakov
It doesn’t end with just e-commerce for The OLB Group, Inc…
The company also has its pulse on the monstrous digital coins space with crypto mining!
The OLB Group, Inc. (NASDAQ: OLB) is dipping its toes into digital coin mining, which is a huge market in of itself. The company recently announced it has signed a long term lease on a 10,000 square foot mining operation with capacity for up to 2,000 Antminer S19j PRO machines!
The digital coin/cryptocurrency market is HUGE and ever-growing. The United States Cryptocurrency Market size was estimated at USD 303.10 million in 2020, is expected to reach USD 353.29 million in 2021, and is projected to grow at a CAGR of 18.49% to reach USD 994.39 million by 2027.
All of this is very exciting and may lead to The OLB Group, Inc. (NASDAQ: OLB) being one of the hottest breakout stories to watch in 2022 as the company takes on BOOMING industries!
Introducing:
The OLB Group, Inc. (NASDAQ: OLB) is an eCommerce service provider that delivers fully outsourced private label shopping solutions to highly trafficked websites.
Fintech, or financial technology, is an important part of the eCommerce infrastructure. In fact, according to research by Fundera, 16% of all retail purchases are made on eCommerce sites. They also anticipate that eCommerce will handle 95% of all consumer transactions by 2040!
Fintech is an integral part of eCommerce as it can enable businesses to streamline their operations, reduce costs, and improve customer service. Additionally, it can help create new business models and products that were not possible before.
The OLB Group, Inc. (NASDAQ: OLB) provides their clients with a seamless, end-to-end eCommerce solution including site creation, hosting, transaction processing, order fulfillment, customer service, sales reporting!
The company boasts to be an All-in-One eCommerce solution for its clients. Equipped with industry experts, OLB has hundreds of configuration options to deliver a unique experience.
MORE FINTECH HIGHLIGHTS:
- In 2021, retail e-commerce sales amounted to approximately 4.9 trillion U.S. dollars worldwide. This figure is forecast to grow by 50 percent over the next four years, reaching about 7.4 trillion dollars by 2025.
- The global financial technologies market size was valued at $110.57 billion in 2020, and is projected to reach $698.48 billion by 2030, growing at a CAGR of 20.3% from 2021 to 2030. This growth can be attributed to factors such as increased demand for online financing among consumers, surge in usage of advance technologies in existing business operation of banks & financial institutions, and rapid growth in innovative technology such as artificial intelligence in business decision making capabilities are some of the important factors that boost adoption of Fintech technologies during the COVID-19 outbreak.
- Fintech as seen massive growth in recent years. This growth towards a digital way of life also brings great market growth. According to McKinsey, U.S. eCommerce doubled in Q1 2020, effectively jumping 10 years forward in just 90 days. As consumers switched to online formats for purchasing/shopping in all categories, businesses across the world adopted digital outlets to sell their products and services.
THE STORY
OLB was created, initially providing creative and marketing services, from concept to print, to Fortune 500 companies including AT&T, Lucent Technologies, Merrill Lynch, Lord Abbott, Rebock, and Scholastic. The Company also developed and maintains a complex extranet/intranet infrastructure that allows Doremus, an Omnicom Communication subsidiary to provide its advertising services to 50 of the top financial institutions on a real-time basis.
The Company began providing Internet and eCommerce services with the Playboy Enterprises Catalog Division, creating and hosting two eCommerce sites, Critics Choice Video and Collectors Choice Music. It has since partnered with these companies, providing ongoing hosting and maintenance of their sites.
Having gained extensive eCommerce experience with these businesses, OLB developed a new and unique business model in by creating a database of millions of products that gives added value to partners operating websites.
The company’s solution also includes a virtual inventory consisting of millions of name brand products from top-selling categories on the internet.
Their private label shopping site is designed to maintain the unique look of feel of the Partner website, providing seamless eCommerce functionality that keeps users on the Partners shopping site at all times. Order fulfillment and customer service are also provided under the brand name of the Partner.
OLB remains invisible to the user at all times. Their eCommerce platform also enables Partners to create their own online marketing promotions and to customize product content to meet the needs of their online users.
The company is helping merchants do business across multiple channels!
The OLB Group Inc.’s SecurePay payment gateway will support payment acceptance through social-media applications without requiring consumers to leave the app. To enable payments through such apps as Facebook, Instagram, Twitter, WhatsApp, TikTok and Skype, OLB is leveraging the application-programming interfaces for social-media platforms to connect its gateway to them.
All-In-One E-Commerce Solutions
Zero Capital Investments
Why buy eCommerce software, when you can pay as you go? OLB is a leading platform delivered on the SaaS model.
No Technology Fuss
You don’t need to be a technology pro to run an online store. It’s as simple as running your regular retailing business and lets you maintain complete control.
Work with Experts
OLB Group, with 15 years of experience in retail and detail, is suitable for every category of value retailing powered by our platform.
The Complete Solution
OLB Group is a complete OMNI solution to build & manage your online store. It’s a proven technology platform with integrated payment, logistics, & customer acquisition solutions.
OMNI Channel
The company is an OMNI application on iPad, mobile, and web that lets you sell store’s products in a physical, retail setting. It’s quick and easy — browse your store’s catalog, pick a customer’s products, swipe their credit card, and print their receipt or send it through email.
Custom Apps
A store owner can create a customized website, pursuant to any specifications, for the sale of products from our database. The store owner can customize his site to include his logos, design layout, and any other special features.
PAYMENT FACILITATOR
PayFac
PayFac is short for Payment Facilitator or Payment Aggregator. The term refers to an individual or entity that accepts payments on behalf of other businesses. These businesses are commonly known as sub-merchants.
“PayFac has a major impact on OLB revenue recognition. It provides control over the money of merchants and adds more responsibilities in billings of services”
A few important pointers about PayFac:
- PayFac assumes the responsibility for Chargebacks, Fraud, KYC (Know Your Customer) and AML (Anti-Money Laundering).
- They can underwrite new merchants very quickly (sometimes instantly).
- They are responsible for PCI compliance.
- They are registered with acquiring banks.
- They have set up reserves to assume the risk.
- They have software already built into SecurPay to handle all the requirements.
Core Businesses
CBD is The Trend to Watch in the Wellness Industry
One of the hottest topics of conversation and news stories over the past few years has included CBD.
CBD has become big business, and it's set to get much bigger and more diverse.
With CBD product sales surging, a new forecast predicts that the market will soar to $19.5 billion in 2025.
OLB Group Acquires CBD Merchant Portfolio with Annual Transaction Volume Over $400 Million!
- Portfolio includes over 1,500 merchants, which will provide OLB with a strong position in a rapidly growing marketplace
- Acquisition includes new sales channel currently onboarding an average of 120 new accounts a month
- Based on historical performance, deal expected to add approximately $20 million in annual payment processing revenue, increasing total revenue 200%, with an additional $5 million EBITDA projected
Ronny Yakov, Chief Executive Officer: "The revenue contribution to our top line is anticipated to represent an increase of revenue of approximately 200% percent in 2022 when compared to 2020 revenue."
Bitcoin Mining
DMint, Inc., a wholly owned subsidiary of the company, was expected to take delivery of the first of four hundred (400) additional Antminer S19j PRO Bitcoin mining machines in January.
DMint believes it will be able to generate approximately $1 million in increased monthly revenue (assuming an average Bitcoin price of $42,000) once all 1,000 mining machines are deployed and fully operating!
The company has also company has signed a long-term lease on a 10,000 square foot mining operation with capacity for up to 2,000 Antminer S19j PRO machines. Located in an industrial park adjacent to the Bradford Regional Airport in Bradford, Pennsylvania to eliminate potential noise complaints, the facility is in the process of being converted into a cryptocurrency mining data center powered on the local power grid in tandem with natural gas power.
The Company anticipates utilizing debt financing for the capital investment necessary for additional crypto mining machines.
"We are very pleased to be taking this next step in building the foundation for our planned aggressive development of our Bitcoin mining operation. Our first facility in Bradford is currently operating on natural gas. This second facility will be powered from the power grid. This blended power solution lays the foundation to establishing a sustainable, cost-efficient Bitcoin mining operation. With room to install up to 2,000 Bitcoin mining machines in this second facility, this data center will eventually meet the challenge of minimizing our carbon footprint and operating a cost efficient and profitable operation."
THE BOTTOM LINE
U.S.-based, The OLB Group, Inc. (NASDAQ: OLB), is a diverse is a eCommerce service provider that delivers fully outsourced private label shopping solutions to highly trafficked websites.
As fintech continues to be a booming arena, the company only recently announced their $25 Million Private Placement on the NASDAQ. You may be ahead of the crowd reading about this multi-million dollar generating company.
Fintech and eCommerce are constantly evolving and growing in our digital age. This growth in recent years towards a digital way of life also brings great market growth. According to McKinsey, U.S. eCommerce doubled in Q1 2020, effectively jumping 10 years forward in just 90 days.
To reiterate…. Aegis Capital Corp. recently reiterated a BUY rating on OLB and raised its 12-month price target from $7 to $9!
AND the company’s recent acquisition of CBD merchants, is anticipated to reach an annual transaction run rate volume of approximately $400 million in 2022.
NOW is the time to have OLB HIGH on our watch-list as the company may be headed towards unstoppable growth!
Begin your research now!
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