OLB Group (OLB) Acquires CBD Merchant Portfolio

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OLB Group Acquires CBD Merchant Portfolio with Annual Transaction Volume Over $400 Million

December 1, 2021 10:00 AM EST

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

NEW YORK--(BUSINESS... More