Vancouver, British Columbia, April 5, 2022 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: REVO)., (Frankfurt: IJA2) (“Company”) announces that users of the Revolu PAY app have reached 30,348 at midnight ET on April 3rd.rd 2022. Similarly, we want to provide shareholders with specific indicators derived from exponential growth since we entered the monetization phase of the financial ecosystem on March 1.st, 2022. We also summarize our business model, vertical revenue, and future goals.
Corporate Era Between July From 2018 December 2021
Between 2018 and 2021, the company devised and developed a unique financial ecosystem consisting of Revolu PAY, a centralized closed-loop open banking app in partnership with Visa Card, which is available worldwide for free on iOS and Android smartphones. , Launched and fully funded. RevoluPAY is a self-licensed EU financial institution 6900 with financial approval from EU PSD2, Florida MSB II, USA, and FINTRAC Canada.The company is currently pursuing 4th United Arab Emirates financial license. As a result, we plan to launch Revolu FIN, a consumer finance division. Similarly, we have devised, developed, launched and funded the following revenue categories to attract new users while onboarding organic users. As a prerequisite, all financial interactions require the Revolu PAY app to interact with the above industries. Currently, the active revenue categories are RevoluSEND, RevolUTILITY, RevoluEX, RevoluCHARGE, RevoluEGAME, RevoluVIP, RevoluPOS, RevoluREALTY.
End of quarter 28thFebruary 2022
Compared to the quarter before the start of monetization and before the end at 30th In November 2021, we signed a contract with 5502 Revolu PAY users. This is about 89% more than in the previous quarter. The overall positive effect on earnings should be apparent in future financial statements.
Start of monetization phase from 1stMarch 2022
We started monetizing the financial ecosystem on March 1, 2022, and by March 31, the number of users had increased by 445%, and this month we had 30,003 registered users. Comparing overall revenue from the previous quarter to just one month in March 2022, we are pleased to be able to provide the following abbreviated data to help shareholders quantify the impact of increased app users on their entire ecosystem. think.
|vertical||Transactions increase||Increased processing|
EU Fintech white label
Our financial technology with financial licenses can be used for branding and white label deployment. Two such white labels are Million Bridges and Sendity, launched in August 2021 and September 2021.st In March 2022, we signed a third EU-based white-label NDA. Similarly, both active white labels increased transactions and processing during March compared to the entire previous quarter.
|vertical||Transactions increase||Increased processing|
US FinTech White Label
In February 2022, Revolu GROUP USA Inc., a U.S. subsidiary, began marketing our financial technology with a financial license for brand tie-ups and white label development in the U.S. so far. Signed the NDA with future stakeholders. All three are active in the family remittance sector and the remittance industry, and their user base is well established. One of the parties is one of the world’s top five money transfer companies looking to final collaboration and bilateral API integration.
Ordinary income and typical profit margin
Our business model is suitable for the recurring revenue genre. For example, open banking services, family transfers, mobile phone charges, Netflix, HBO Max, Microsoft and other subscriptions are usually monthly. In addition, our financial ecosystem is designed from the ground up to require minimal human intervention, automating processes 24/7, while significantly reducing revenue costs (“COR”). Reduce and achieve the rate of return seen in previous financial statements. And it is over 60%. With computerization and inherent automation, it is unlikely that an increase in overall transaction and cash flow processing will increase our known monthly operating expenses in a meaningful way.
Revolu PAY user goals that’s why We move forward
Since the official launch of ecosystem monetization, the company has set an initial goal of 100,000 dedicated users by the age of 31.st May 2022. This forecast does not include users onboarded by white label partners whose financial flows pass Revolu PAY at 100%.
The link used in this news release.
RevoluSEND – https://revolugroup.com/fintech/revolusend/
RevolUTILITY – https://revolugroup.com/fintech/revolutility/
RevoluEX – https://revolugroup.com/fintech/revoluex/
RevoluCHARGE – https://revolugroup.com/fintech/revolucharge/
RevoluEGAME – https://revolugroup.com/fintech/revoluegame/
RevoluVIP – https://revolugroup.com/travel/revoluvip/
RevoluPOS – https://revolugroup.com/fintech/revolupos/
RevoluREALTY – https://revolugroup.com/fintech/revolurealty/
RevoluFIN – https://revolufin.com/
Sendity – https://sendity.com/
Million Bridge – https://millionbridges.com/
AMatch Revolu PAY®
The company’s flagship product, Neobanking Technology, is Revolu PAY®, a multinational payment app for Apple and Android. Invented entirely in-house, Revolu PAY has its own sector-specific technology, and the resulting source code is the company’s intellectual property. RevoluPAY’s built-in features include remittance payments, foreign exchange, crypto to fiat payments, retail and hospitality payments, real estate payments, pay-as-you-go phone charges, gift cards and online credits, utility bill payments, and leisure. included. RevoluPAY uses the blockchain protocol and is head-to-head with the multi-billion dollar open banking sector and the +595 billion dollar family remittance market. RevoluPAY® is operated by RevoluPAY EPSL, a wholly owned subsidiary of Europe in Barcelona. RevoluPAY is a US MSB, Canadian FINTRAC, and European PSD2 payment institution 6900 licensed with the support of EU Directive 2015/2366 with an EU passport. RevoluGROUP Canada Inc. manages five wholly owned subsidiaries on four continents.
About RevoluGROUP Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset, multi-division listed Canadian company with advanced technology. Banking, mobile apps, remittances, mobile phone charges, EGaming, healthcare payments, Esports, invoice factoring, online travel, vacation resorts, blockchain systems, Fintech app sector. Click here for more information.
For more information about RevoluGROUP Canada Inc. (TSX-V: REVO), please visit our website (www.RevoluGROUP.com). The number of issued shares of the Company is approximately 186,969,692 shares.
RevoluGROUP Canada, Ltd
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RevoluGROUP Canada Inc.
Phone: (604) 332 5355
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This release contains certain statements that may be considered “forward-looking statements.” All statements in this release, with the exception of historical facts, address events or developments expected by our management and are forward-looking statements. Management believes that the expectations set forth in these forward-looking statements are based on reasonable assumptions, but such statements do not guarantee future performance and are actual. Results or progress may differ materially from forward-looking statements. We undertake no obligation to update any of these forward-looking statements if management’s beliefs, estimates, opinions, or other factors change. Factors that may cause actual results to differ materially from forward-looking statements include market prices, successful exploration and development, continued availability of capital and financing, and general economy, market or business. Situation is included. Please see our public documents. www.sedar.com For more information.
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RevoluGROUP Canada Inc. RevoluPAY has over 30,000 users, increased transactions by up to 3654%, Canadian Business Journal
Source link RevoluGROUP Canada Inc. RevoluPAY has over 30,000 users, increased transactions by up to 3654%, Canadian Business Journal