Renaissance Capital logo

The OLB Group Priced, Nasdaq: OLB

Merchant acquirer with a suite of payment services.

Industry: Technology

First Day Return: n/a

Industry: Technology

We are FinTech company and payment facilitator that focuses on a suite of products in the merchant services and payment facilitator verticals and provides integrated business solutions to merchants throughout the United States. We seek to accomplish this by providing merchants with a wide range of products and services through our various online platforms, including financial and transaction processing services and support for crowdfunding and other capital raising initiatives. We supplement our online platforms with certain hardware solutions that are integrated with our online platforms. In 2018, we were ranked 62nd among merchant acquirers in the United States ranked by Visa/Mastercard volume. Our business functions primarily through three wholly-owned subsidiaries, eVance, OmniSoft, and CrowdPay. Substantially all of our revenue has been generated from our eVance business, but we expect to begin generating revenue from our OmniSoft and CrowdPay business by the end of 2019. We expect to build out our OmniSoft software business and to rely more on our payment facilitator model to transition away from our reliance on our eVance business but there is no guarantee that we will be able to do so.
more less

The OLB Group (OLB) Performance