OLB Group (OLB +1.5%) has agreed to acquire a portfolio of over 1,500 cannabidiol (CBD) merchants. The group will provide its proprietary SecurePay payment system to the merchants. SecurePay includes a support platform for traditional card-based payments, major digital wallets and cryptocurrency wallets. The merchant portfolio is expected to generate an annual transaction volume of [...]
Palm Beach, FL –December 1, 2021 – FinancialNewsMedia.com News Commentary – Due to its healing properties, the demand for cannabidiol (CBD) for health and wellness purposes is high, which is the major factor driving the market growth. In addition, the rising acceptance and use of products due to government approvals is a major factor expected [...]
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 [...]
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Palm Beach, FL – November 16, 2021 – FinancialNewsMedia.com News Commentary – As recently reported on Voi.id, observers from Finder.com predict the price of the number of cryptocurrencies will increase soon, including Dogecoin (DOGE), Litecoin (LTC), and Ethereum (ETH). Reporting from Bitcoin.com News, observers say that the price of the cryptocurrency Dogecoin is predicted to break [...]
The OLB Group (NASDAQ:OLB): Q3 Net Loss of $0.9M. Revenue of $2.82M (+22.1% Y/Y) Press Release For further details see: The OLB Group reports Q3 results
Transaction Volume for First Nine Months was $ 668 Million From - 10.2 Million Transactions; Launches Bitcoin Subsidiary Mining The OLB Group, Inc. ("OLB," “we,” “us,” “our,” or the "Company"), a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise, has announced financial results for first quarter ended September 30, 2021. We are [...]
The OLB Group, Inc. (NASDAQ: OLB) (“OLB” or the “Company”), a provider of cloud-based omni-commerce and payment acceptance solutions for small- and mid-sized merchants, announced today it has closed its previously announced private placement priced at-the-market under Nasdaq rules (the “Offering”). The Offering consisted of 4,545,455 shares of Common Stock (“Common Stock”) (or pre-funded warrants [...]
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OLB Group (NASDAQ:OLB) has dropped -22.79% pre-market after announcing a $25M private placement with certain institutional investors. The offering is priced at-the market and will see the issuance of 4,545,455 common shares and warrants to purchase up to 4,545,455 common shares. The purchase price is set at $5.50 per share of common stock (or pre-funded warrant) and [...]