THE OLB GROUP, INC. is a client of Tradigital IR, an investor relations and communications firm. Please see our disclosures in the research report as well as on our website www.Tradigitalir.com.
The OLB Group, Inc. (NASDAQ: OLB) is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise whose eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution.
As a FinTech company and a payment facilitator, OLB focuses on a suite of products in the merchant services and payment facilitator verticals through its subsidiaries: eVance, Inc., Omnisoft.io, Inc., DMint, Inc., and CrowdPay.us, Inc.
Big fintech names like PayPal, Intuit, and Shopify have been disrupting the financial services industry. Especially as the pandemic helped to create excitement about the digitization of money.
With more mobile users having a penchant for online transactions, the global FinTech market is expected to see incredible growth in the future.
OLB’s recent acquisition of CBD merchants puts them in an exciting position as this merchant portfolio has demonstrated a historical annual transaction run rate where it is anticipated to achieve an annual transaction volume of approximately $400 million in 2022, providing OLB with a significant foothold in the nearly $3 billion global CBD market.
CBD has become one of the most popular products since sliced bread as more consumers jump on the bandragon to reap the promised health benefits.
You also would be hard pressed to not hear about the Metaverse and NFTs these days. These are two of the hottest topics gaining more and more buzz on the Street as investors look for budding opportunities in this new virtual tech arena.
NFTs or non-fungible tokens are a new class of digital assets, which are unique, indivisible, and immutable.
"We believe that for an eCommerce company to win in the era of digital assets, they must embrace change and provide a diversified suite of solutions. This is precisely what we are doing at the OLB Group--offering our merchant base a comprehensive eCommerce technology platform. Our future business model is firmly planted in the digital asset world.”
"In line with this vision, OLB is developing NFT e-ticketing solutions. OLB’s NFT ticket product will be available to our existing sport team clients in the upcoming year. This will complement OLB’s existing digital asset services, including its Bitcoin mining division, DMint, and its Bitcoin payments and transaction services."
- Ronny Yakov
It was only in late 2021 that OLB Group announced their $25 Million Private Placement on the NASDAQ.
The company intends to use the net proceeds from the private placement to invest in or acquire companies or technologies to expand and market its current products.
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.
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!
Even prior to the pandemic, the way we do business, shop, and go about our day to day lives has completely shifted to a digital format.
When the Covid-19 lockdowns hit, companies catapulted further into the digital age.
Many brick and mortars turned towards eCommerce in order to survive and now, this has become the new normal.
The main difference between eCommerce and traditional commerce is accessibility to the market and scalability. Though fintech (financial technology) is available in both brick-and-mortar and online stores, it is more prevalent in the digital space. This is because fintech helps to reduce traditional barriers that have inhibited eCommerce growth in the past.
Some other benefits of fintech through eCommerce are:
Another positive impact of using fintech for eCommerce is gaining real-time insights into their sales data. This information can help businesses make better decisions about what products to stock and how to market them.
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. 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.
In Q2 2020, new stores created on the Shopify platform grew a whopping 71% compared to Q1 2020, with a record number of merchants added to the platform in Q3!
The link between eCommerce and fintech is so connected that the growth of a number of eCommerce companies is often driven from the financial services they provide. Shopify is one example, earning 59% of its revenue from embedded payment products.
This in turn, can lead to the talk of cryptocurrencies or digital coins such as bitcoin. Paypal, for example, created a ‘Checkout with Crypto’ option and is a step towards broad adoption of digital assets as a payment method in digital commerce.
Cryptocurrency, or digital coins, is a digital form of currency not issued by a bank or government, which allows users to spend money anonymously. The most digital coin is Bitcoin, and these virtual coins can be bought, sold and stored on exchanges like Coindesk, and also used to purchase online goods wherever accepted.
Bitcoin and other cryptocurrencies are beginning to be accepted as forms of payment on eCommerce sites!
U.S.-based, The OLB Group, Inc. (NASDAQ: OLB), is an eCommerce service provider that delivers fully outsourced private label shopping solutions to highly trafficked websites.
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.
The OLB Group is U.S.-based, eCommerce service provider that delivers fully outsourced private label shopping solutions to highly trafficked websites.
They provide their clients with a seamless, end-to-end eCommerce solution including site creation, hosting, transaction processing, order fulfillment, customer service, sales reporting.
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’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.
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.
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.
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.
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:
OLBG is a comprehensive single solution for all the ways you sell across digital media (internet, mobile, corporate storefronts) and for driving up your in-store sales. It helps you to avoid the complexity of technology and integration of all these channels to drive revenue at lower costs. OLBG helps you create web and mobile storefronts, offer dynamic catalog and pricing information, and enable your target consumers to find and buy your products across all available channels.
With your online store powered by OLBG and the company’s digital catalog that can be syndicated to your dealers and retailers, you can reach consumers across channels. OLBG enables you and your dealers to leverage digital channels such as the internet, mobile, and social media to promote your brand and sell your products directly online alongside physical stores.
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 of The OLB Group: "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."
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 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.
By providing the merchant portfolio with the proprietary and customizable "SecurePay" system, OLB will be able to address many of the payment concerns relating to the increase in activity in the CBD sector!
SecurePay provides an integrated support platform for traditional card-based payments, major digital wallets including Apple Pay® and Google Pay®, PayPal, and cryptocurrency wallets. The cloud-based platform also includes integrations with multiple back-office systems including QuickBooks and other business software applications.
OLB GROUP ADDS PAYMENTS THROUGH SOCIAL MEDIA APPS TO ITS GATEWAY
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.
The company is helping merchants do business across multiple channels!
The OLB Group Inc. has also added cryptocurrency acceptance at the point of sale regardless of the merchant platform.
DMint, Inc., a wholly owned subsidiary of the company, 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!
Mr. Ronny Yakov
Chief Executive Officer
As Chairman and CEO, Mr. Yakov has more than 25 years of experience in concept-to-print, software, and eCommerce marketing experience for Fortune 500 and 1000 companies with a proven background of helping clients adapt their businesses in the new technology age. In 1996, he entered into the electronic mail-order catalog business with Playboy Enterprises, creating and hosting two eCommerce sites: Critics’ Choice Video and Collectors’ Choice Music.
The company has since developed a number of other branded eCommerce sites for clients, selling a variety of products including sporting goods, chocolates, and cosmetics, and has now partnered with these sites, providing ongoing hosting and maintenance of these sites. Other significant accomplishments have included establishing an AT&T eCommerce platform for 180,000 employees’ wholesale shopping and working with high-profile clients such as Jack Henry and Associates creating 2,700 eCommerce sites for small community banks. Mr. Yakov 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.
Chief Financial Officer/BSA Compliance Officer
As Chief Financial Officer and Bank Security Act Compliance Officer, Ms. Boulds oversees all aspects of the company’s Bank Secrecy Act and Anti-Money Laundering Program. In Addition, Ms. Boulds prepares and files the Company’s financial statements to comply with GAAP and the SEC required of all public companies. Ms. Boulds was an ABAS associate for PriceWaterhouseCoopers and is experienced in the e-commerce space working as an e-commerce Accountant for the Walt Disney Group’s GO.com. Ms. Boulds earned a B.S. in Accounting from San Jose University in 2001 and is a licensed CPA.
VP Corporate Finance
Patrick Smith has more than 17 years of finance and accounting experience in the electronic payments and financial services industry. During this time, Patrick has held positions including internal auditor, senior analyst, division controller and Vice President of business development. He built and managed financial staff, worked to raise capital, and managed due diligence processes for different mergers and acquisitions. His career began in 1997 as an internal auditor with Concord EFS, an electronic payments processor. During his 8 years with Concord, Patrick progressed to Vice President-Controller of EFS Federal Savings Bank, a subsidiary of Concord EFS.
As Vice President, he led the growth from $25 million in assets to over $400 million. This subsidiary was also responsible for managing over 1500 nationwide ATMs owned and operated by Concord EFS.
After the acquisition of Concord EFS by First Data, Patrick worked with Pay By Touch, Inc. a biometric payments startup based in San Francisco, CA. As Director of Finance, Patrick worked with the CFO and other members of the finance team to prepare financial plans and models to present to investors while raising capital for growth. He was also responsible for due diligence and integration of acquisitions for the company. After Pay by Touch liquidated, Patrick was hired as Corporate Controller by National Bankers Trust, a transportation factoring company. After 3 years as Controller, he transitioned back to the payments industry with an opportunity to conduct financial planning and analysis with several large ISOs. Patrick holds a Bachelors of Business Administration with a concentration in accounting from the University of Memphis.
U.S.-based, The OLB Group, Inc. (NASDAQ: OLB), is a diverse eCommerce service provider that delivers fully outsourced private label shopping solutions to highly trafficked websites.
The company only recently announced their $25 Million Private Placement on the NASDAQ which means this could be a high-growth ground-floor opportunity!
Especially considering the BUY rating and $9 price target from Aegis Capital Corp!
The company sits in multiple BOOMING markets, one being fintech which 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!!!
OLB is additionally dipping its toes into digital coin mining, which is a huge market in of itself, projected to grow at a CAGR of 18.49% to reach USD 994.39 million by 2027!
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!!!
OLB should be at the top of your watch-list as it sits in multiple exciting markets and has the potential for unbelievable growth…
Hurry and Start Your Research Today!
THE OLB GROUP, INC. is a client of Tradigital IR, an investor relations and communications firm. Please see our disclosures in the research report as well as on our website www.Tradigitalir.com.
NO INVESTMENT ADVICE
TraDigital IR is a publisher. You understand and agree that no content published on this site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is..
In exchange for publishing services rendered by TraDigital IR on behalf of the client named herein, including the promotion by said company in any content on this site, TraDigital IR received compensation for such.
This website is wholly owned by scd media llc (d/b/a “smallcapsdaily.com”). Our reports are advertorials and are for general information purposes only. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. This disclaimer is to be read and fully understood before using our services, joining our email list, as well as any social networking platforms we may use. Please note as well: Small Caps Daily and its employees are not Registered Investment Advisors, broker-dealers, or member(s) of any association for other research providers in any jurisdiction whatsoever. release of liability: through use of this website, viewing or using you agree to hold Small Caps Daily, its operators, owners, and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Small Caps Daily encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the company profiled or is available from public sources and Small Caps Daily makes no representations, warranties, or guarantees as to the accuracy or completeness of the disclosure by the profiled company. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provided herein. Instead, Small Caps Daily strongly urges you to conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Small Caps Daily’s full disclosure is to be read and fully understood before using Small Caps Daily's website, or joining Small Caps Daily's email or text list. From time to time, Small Caps Daily will disseminate information about a company via website, email, sms, and other points of media. By viewing Small Caps Daily's website and/or reading Small Caps Daily's email or text newsletter you are agreeing to this ----> https://smallcapsdaily.com/disclaimer/. All potential percentage gains discussed in any communications are based on calculations from the low to the high of the day. We are engaged in the business of marketing and advertising companies for monetary compensation. In compliance with section 17(b) of the securities act we are disclosing that we have been compensated a fee pursuant to an agreement between scd media llc and sea path advisory. Small Caps Daily was hired September 2020 to publicly disseminate information about OLB Group Inc. via website, email, and sms. We were paid five thousand usd via ACH. We are also disclosing that Tradigital Marketing Group has been compensated a fee pursuant to an agreement between Tradigital and OLB Group Inc. Tradigital was hired September 2020 to publicly disseminate information about OLB Group Inc. via website, email, and SMS. Tradigital was paid fifty thousand USD via ACH monthly. Readers are advised to review sec periodic reports: forms 10-q, 10k, form 8-k, insider reports, forms 3, 4, 5 schedule 13d. Small Caps Daily is compliant with the can-spam act of 2003. Small Caps Daily does not offer investment advice or analysis, and Small Caps Daily further urges you to consult your own independent tax, business, financial, and investment advisors. investing in micro-cap, small-cap, and growth securities is highly speculative and carries an extremely high degree of risk. it is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled.the private securities litigation reform act of 1995 provides investors a safe harbor in regard to forward-looking statements. any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events, or performance are not statements of historical fact may be forward-looking statements. forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quotes; may, could, or might occur. understand there is no guarantee past performance will be indicative of future results in preparing this publication, Small Caps Daily has relied upon information supplied by its clients, as well as its clients’ publicly available information and press releases which it believes to be reliable; however, such reliability can not be guaranteed. investors should not rely on the information contained on this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. the advertisements in this website are believed to be reliable, however, Small Caps Daily and its owners, affiliates, subsidiaries, officers, directors, representatives, and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of material facts from such advertisement. Small Caps Daily is not responsible for any claims made by the companies advertised herein, nor is Small Caps Daily responsible for any other promotional firm, its program, or its structure. Small Caps Daily is not affiliated with any exchange, electronic quotation system, the securities exchange commission, or finra.