OLB Group (OLB) Reports Annual Transaction Volume Run Rate of $1.35B

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Go back to OLB Group (OLB) Reports Annual Transaction Volume Run Rate of $1.35B

OLB Group Achieves Annual Transaction Volume Run Rate of $1.35 Billion Following CBD Merchants Acquisition

February 2, 2022 7:30 AM EST

Annual Revenue Run Rate for eCommerce Merchant Services, Anticipated to be Approximately $36 Million and Positive EBITDA for 2022.

Merchants Acquisition is Expected to Add $25 Million to Revenue for 2022

NEW YORK--(BUSINESS WIRE)-- The OLB Group, Inc. ("OLB," we, us, our, or the "Company"), a diversified Fintech eCommerce merchant services provider and Bitcoin cryptocurrency mining enterprise, announced today that the Company's merchant services annual transaction volume run rate has reached $1.35 Billion in transaction volume as a result of 28.5 million transactions.

After the Companys acquisition of a portfolio of CBD merchant accounts in the last quarter, OLB has... More