OLB Group Emerges as a Profitable Fintech Player -- Small Caps Daily
Small Caps Daily Feature Focuses on OLB's Fintech eco-system and Acquisition Strategies
New York, New York--(Newsfile Corp. - October 14, 2020) - The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-size merchants, was featured today on leading financial news website, SmallCapsDaily.
The SmallCapsDaily article provides detailed coverage of The OLB Group's profitability, funding, which positions the Company to continue its growth at a laudable pace. The Small Caps Daily article also highlights the Company's fintech products, and its Wide suite of offerings under an SaaS model, and how the Company has been instrumental in supporting a large number of B2C SMBs across the U.S. during the COVID-19 pandemic.
Key Takeaways from the SmallCapsDaily article featuring The OLB Group, Inc.:
The OLB Group, a New York-based company offers a number of different products to merchants through a software-as-a-service (SaaS) model such as payment facilitation, customer analytics, e-commerce services, fully outsourced private label shopping solutions, and more.
OLB has been in the process of acquiring portfolios of small fragmented merchants rather than focusing on the large-sized retailers minimizing the revenue concentration risk. Its merchant base has been growing rapidly and the company caters to more than 8,500 merchants today, spread across over 130 industries in each of the 50 States.
The Company has indicated that its platforms have witnessed close to 23.5 million transactions each year with a gross transaction volume nearing $1 Billion.
The OLB Group has a strong management team, spearheaded by industry veteran Ronny Yakov who has spent more than 25 years in the e-commerce software and development space and supported by Patrick Smith, the Vice President of Finance and Operations who also has over two decades of experience working in the payments industry. OLB's finance function is handled by its CFO, Rachel Boulds who is a veteran with over 20 years of experience spread across brands like Disney and PwC.
For more insight into The OLB Group, Inc., and to continue reading the SmallCapsDaily featured article, please click here: https://smallcapsdaily.com/olb-group-a-fintech-hidden-gem-thats-already-profitable/
About The OLB Group, Inc.
The OLB Group, Inc. is a payment facilitator and commerce service provider that delivers cloud-based merchant services for web-based and brick-and-mortar organizations. OLB provides a seamless, end-to-end digital commerce solution that includes site creation, hosting, transaction processing and payment gateway, order fulfillment, customer service, outbound marketing, sales reporting, and fundraising. With services from private label shopping sites designed to maintain the unique look or feel of the merchant website, to order fulfillment and customer service, OLB remains invisible to the user and promotes the merchant's brand with market-leading technology and solutions. For more information about solutions, services, or to find a reseller, please visit www.olb.com.
Safe Harbor Statement
All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce applications to our current merchants and the integration of our secure payment gateway with our crowdfunding platform. While the Company's management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/65896