US Market News
3月前
The OLB Group Reports Fiscal Year 2025 Results Highlighting Significant Cost Reductions, Strengthened Balance Sheet, and Strategic Pivot to AI-Driven OmniCommerceApril 1, 2026 8:30 AM
ACCESS NewswireNEW YORK, NY / ACCESS Newswire / April 1, 2026 / The OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a diversified FinTech company providing integrated merchant services and payment processing solutions, today reported financial results for the fiscal year ended December 31, 2025, and outlined its strategic roadmap centered on AI-driven OmniCommerce, disciplined cost management, and a clear path toward profitabilityFiscal Year 2025 Financial HighlightsTotal operating expenses reduced by approximately 43.5%, declining from $24.5 million in fiscal year 2024 to $13.8 million in fiscal year 2025, reflecting management's decisive actions to streamline operations and eliminate non-core expenditures.Net loss improved by $5.4 million, narrowing from $11.2 million in 2024 to $5.9 million in 2025 - a 48% year-over-year improvement - demonstrating meaningful progress toward the Company's profitability objectives.Professional fees reduced by 51.8%, from $1.9 million to $935,000, as legacy litigation activity wound down and the Company right-sized its external advisory spend.General and administrative expenses decreased by $984,000, driven by reductions in bank fees, insurance costs, outside services, and technology infrastructure optimization.Zero impairment charges in 2025, compared to approximately $3.0 million in 2024, reflecting a stabilized and rationalized asset base.Depreciation expense reduced by 80.6%, from $2.6 million to $507,000, as the Company's Bitcoin mining segment asset base was fully right-sized in prior periods.Related party obligations significantly reduced through strategic debt-to-equity conversions totaling approximately $3.9 million, substantially de-leveraging the balance sheet and aligning management's interests with shareholders.Stockholders' equity increased 44.4%, from $3.2 million to $4.6 million, strengthening the Company's financial foundation.Post-Period Capital Raises Bolster LiquidityDuring the first quarter of 2026, OLB completed a registered direct offering and a private placement generating aggregate net proceeds of over $3.7 million, providing the Company with the financial runway to execute on its growth strategy. Combined with the Company's related party credit facilities, and improving operating trends, management believes the Company has sufficient capital to fund operations for at least the next twelve months.Strategic Focus: AI-Driven OmniCommerce"Fiscal year 2025 was a transformational year for OLB," said Ronny Yakov, Chairman and Chief Executive Officer. "We made the difficult but necessary decisions to dramatically reduce our cost structure, rationalize non-performing assets, which we believe positions the Company for sustainable, profitable growth. The results speak for themselves - we cut our operating expenses by nearly half while preserving the core revenue-generating capabilities of our FinTech platform."Mr. Yakov continued: "Looking ahead, our primary strategic focus is the deployment of AI-powered technology across our OmniCommerce ecosystem. Our ShopFast AI eCommerce platform, integrated with our proprietary SecurePay payment gateway and supported by our partnership with PayPal, represents a compelling, differentiated offering for small and mid-sized merchants seeking intelligent, turnkey commerce solutions. We are embedding artificial intelligence into every layer of the merchant experience - from automated onboarding and intelligent fraud detection to AI-driven inventory management, predictive analytics, and personalized consumer engagement."Key Strategic Priorities for 2026 and Beyond:1. AI-Powered Merchant Platform Expansion OLB is investing in next-generation AI capabilities across its OmniCommerce platform to deliver merchants intelligent tools that drive revenue growth, reduce operational friction, and enhance customer engagement. The Company's proprietary SecurePay gateway serves as the technology backbone for the AI-enhanced platform.2. Scaled Payment Processing with Intelligent Infrastructure Through eVance, OLB's merchants currently process the Company intends to leverage AI and automation to accelerate merchant acquisition, improve underwriting efficiency, reduce chargeback losses, and deepen ISO channel relationships.3. Moola Cloud Vendor Optimization The Company has substantially completed the transition of its Moola Cloud digital product platform to new, cost-optimized vendors and expects the full vendor suite to be operational in the first quarter of 2026, positioning the segment for revenue recovery and improved margins.4. DMINT Spin-Off to Unlock Shareholder Value OLB continues to advance the planned spin-off of its wholly owned subsidiary, DMINT, Inc., into a standalone NASDAQ-listed entity. Upon completion of the spin-off, existing OLB shareholders will receive shares in DMINT, and OLB will be freed from the capital and operating requirements of the Bitcoin mining segment, allowing the Company to dedicate 100% of its resources and management focus to its high-margin FinTech and AI-driven OmniCommerce businesses.5. Path to Profitability With a dramatically reduced cost base, a strengthened balance sheet, and a focused strategy around AI-driven merchant services, management believes OLB is positioned to achieve operating profitability as it scales its technology platform, grows its merchant base, and realizes the benefits of vendor optimization across its business segments.For our public fillings please go to:
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001314196/000121390026037906/ea0282959-10k_olbgroup.htmAbout The OLB Group, Inc.The OLB Group, Inc. (NASDAQ:OLB) is a diversified FinTech company providing integrated business solutions to merchants throughout the United States. Through its subsidiaries - including eVance, Inc., OmniSoft.io, Inc., CrowdPay.Us, Inc., and Moola Cloud, LLC - OLB offers payment processing, AI-powered eCommerce platforms, crowdfunding solutions, and digital product distribution services. The Company's proprietary SecurePay payment gateway is PCI-certified and Visa/MasterCard Level II and Level III certified with 3D Secure capability. For more information, visit www.olb.com. And http://investors.olb.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. Words such as "believes," "expects," "anticipates," "intends," "plans," "will," "may," "positioned," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding the Company's strategic plans, expected cost savings, path to profitability, the planned DMINT spin-off, AI-driven technology deployment, vendor transitions, capital raising activities, and sufficiency of capital resources. Actual results may differ materially from those projected due to risks and uncertainties, including those described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission on March 31, 2026, and other filings with the SEC. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.Investor ContactThe OLB Group, Inc.
Tel: (212) 278-0900 EXT 333
ir@olb.comSOURCE: The OLB Group, Inc.View the original press release on ACCESS NewswireOriginal: The OLB Group Reports Fiscal Year 2025 Results Highlighting Significant Cost Reductions, Strengthened Balance Sheet, and Strategic Pivot to AI-Driven OmniCommerce
US Market News
4月前
OLB Group Inc. Announces Pricing of $3.0 Million Private Placement at a Premium to MarketFebruary 18, 2026 10:10 AM
ACCESS NewswireNEW YORK, NY / ACCESS Newswire / February 18, 2026 / The OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a diversified fintech company providing payment processing and digital asset technology solutions, today announced that it has entered into a securities purchase agreement with an institutional investor for the purchase and sale of 2,857,142 shares of its common stock (or prefunded warrants in lieu thereof) together with warrants to purchase up to 3,571,428 shares of common stock at combined purchase price of $1.05 per share and accompanying warrants. The warrants have an exercise price of $0.92 per share, are exercisable directly after effectiveness of the resale registration statement for the common stock underlying the warrants, and will have a term of five years from the effectiveness of the resale registration statement.The Company has also agreed to reduce the exercise price of certain outstanding warrants held by the investor that were issued on August 23, 2021 and November 8, 2021 (the "Existing Warrants") to $0.92 per share and extend the term of the Existing Warrants three years.The gross proceeds from the offering are expected to be approximately $3.0 million, before deducting commissions and expenses of the offering. The closing of the offering is expected to occur on or about February 19, 2026, subject to the satisfaction of customary closing conditions.D. Boral Capital LLC is acting as exclusive placement agent for the offering.The offer and sale of the foregoing securities is made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws. Concurrently with the execution of the securities purchase agreement, the Company and the investors entered into a registration rights agreement pursuant to which the Company has agreed to file a registration statement with the Securities and Exchange Commission (the "SEC") registering the common stock and shares of common stock underlying the warrants. Any offering of the Company's securities under the resale registration statement will only be made by means of a prospectus.The foregoing securities have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the common stock, warrants and underlying shares of common stock may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.About The OLB Group, Inc.The OLB Group, Inc. (NASDAQ: OLB) is a diversified fintech company providing innovative payment processing solutions, digital asset technology, and omnichannel commerce platforms. Through its SecurePay payment gateway and complementary services, OLB enables businesses to accept and process payments seamlessly across multiple channels while leveraging emerging technologies in digital assets and AI-driven commerce solutions.Forward-Looking StatementThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are subject to the "safe harbor" created by those sections for such statements. All statements other than statements of historical fact are forward-looking statements, including statements regarding the completion, size and timing of the offering. These forward-looking statements are often indicated by terms such as "aim," "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "likely," "look forward to," "may," "objective," "plan," "potential," "predict," "project," "should," "slate," "target," "will," "would" and similar expressions and variations thereof. Forward-looking statements are based on management's beliefs and assumptions and on information available to management only as of the date of this press release. OLB's actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including, without limitation, the risks, uncertainties and other factors described under the heading "Risk Factors" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 15, 2025, as amended on April 29, 2025, and in our subsequent filings with the SEC. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements, and we assume no obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.The OLB Group, Inc.
Investor Relations
Email:
iHub News
4月前
OLB Group Forms Global Partnership With PayPal to Expand SecurePay CapabilitiesFebruary 18, 2026 9:07 AM
IH Market News
The OLB Group, Inc. (NASDAQ:OLB) has entered into a global partnership agreement with PayPal to enhance its SecurePay payment gateway and broaden digital payment options for small and mid-sized businesses.Under the deal, OLB is authorized to integrate and support PayPal’s suite of payment solutions across its merchant network. The move is designed to streamline onboarding, improve checkout conversion rates and connect merchants with PayPal’s global customer base.As part of the collaboration, PayPal’s branded checkout tools — including Venmo — will be embedded directly into OLB’s commerce and payments infrastructure. Merchants will be able to activate PayPal with limited technical requirements while leveraging PayPal’s established brand, international footprint and fraud prevention capabilities.“We see this partnership as a force multiplier for our merchants,” said Ronny Yakov, CEO of The OLB Group. “By combining OLB’s omnichannel commerce and payment infrastructure with PayPal’s global brand and advanced payments technology, we are giving small and mid-sized businesses enterprise-grade capabilities that were previously out of reach. This agreement is central to our strategy to scale high-margin payment volumes, deepen merchant relationships, and position OLB at the center of the digital commerce value chain.”
Expanded Checkout and Payment Options
The partnership will allow SecurePay users to offer customers a wider array of payment methods within a unified checkout flow, including:
PayPal Checkout: Integration of PayPal’s payment button and checkout experience across web, mobile and in-store channels.
Venmo Access: Acceptance of Venmo payments, appealing particularly to mobile-first and younger consumers.
Unified Reporting: Consolidated reporting and settlement within OLB’s existing merchant dashboard.
PayPal Pay Later: Buy-now, pay-later options that enable installment payments, aimed at increasing order values and conversion rates.
PayPal Credit: Promotional financing options at checkout to support larger purchases.
Fraud Protection: Access to PayPal’s fraud detection and risk management tools.
Cross-Border Payments: Capability to accept payments from PayPal users in more than 200 markets worldwide.
As a global partner, OLB will handle frontline integration, merchant onboarding and ongoing support, while PayPal will provide the underlying technology and brand resources to maintain a consistent checkout experience.The companies expect the initiative to help OLB attract new merchants seeking integrated PayPal access while driving higher transaction volumes and additional value-added services. Joint marketing and co-branding efforts are also planned, subject to PayPal’s branding guidelines.“Today’s consumers expect choice and convenience in how they pay,” Yakov added. “This partnership positions our merchants at the forefront of payment innovation, helping them capture sales they might otherwise lose while future-proofing their payment infrastructure for emerging trends in digital payments and cryptocurrency.”The rollout is expected to begin in phases starting in the first quarter of 2026, initially targeting existing SecurePay merchants.
More about The OLB Group, Inc.
The OLB Group, based in New York and listed on Nasdaq, operates as a diversified fintech provider offering payment processing and digital asset technology solutions. Through SecurePay and related platforms, the company serves merchants across multiple industries with integrated commerce and financial technology services.OLB Group stock price
Original: OLB Group Forms Global Partnership With PayPal to Expand SecurePay Capabilities
INV4
4月前
The OLB Group, Inc. Announces Global Partnership With PayPal to Enhance SecurePay Payment Gateway Platform, Accelerate Digital Payments for Small and Mid-Sized Merchants
Feb 17, 2026
NEW YORK, NY / ACCESS Newswire / February 17, 2026 / The OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a fintech and payment technology provider, today announced that it has entered into a global partner agreement with PayPal, one of the world's leading digital payments platforms, to deliver a next-generation checkout and wallet experience for merchants across OLB's ecosystem, including its SecurePay payment gateway. Under the agreement, OLB is authorized to integrate, promote, and support PayPal's payment solutions for its merchants, enabling faster onboarding, enhanced conversion at checkout, and expanded access to global buyers.
Through this partnership, OLB will embed PayPal's branded checkout and related services - including Venmo - directly into its commerce and payment platforms, giving merchants the ability to accept PayPal with minimal technical lift while benefiting from PayPal's trusted brand, global reach, and risk and fraud capabilities. The collaboration is designed to streamline how merchants activate PayPal and Venmo, simplify settlement and reporting, and unlock new revenue opportunities through higher conversion and access to millions of active PayPal accounts worldwide.
"We see this partnership as a force multiplier for our merchants," said Ronny Yakov, CEO of The OLB Group. "By combining OLB's omnichannel commerce and payment infrastructure with PayPal's global brand and advanced payments technology, we are giving small and mid-sized businesses enterprise-grade capabilities that were previously out of reach. This agreement is central to our strategy to scale high-margin payment volumes, deepen merchant relationships, and position OLB at the center of the digital commerce value chain."
Comprehensive Payment Solutions for Modern Commerce
The global partnership will enable SecurePay and other OLB platform merchants to seamlessly offer customers multiple payment options within a unified checkout experience:
• PayPal Checkout: Full integration of PayPal's trusted payment button and checkout flow
• Venmo Integration: Access to Venmo's millions of active users, particularly appealing to younger demographics who prefer mobile-first payment solutions
• Unified Reporting and Settlement: Consolidation of all payment methods into OLB's existing merchant dashboard for simplified reconciliation
• Enhanced Payment Capabilities for SecurePay Merchants: Through this strategic partnership, SecurePay merchants will gain access to:
• PayPal Checkout: Customers can complete purchases quickly and securely using their PayPal accounts, reducing cart abandonment and streamlining the checkout process across web, mobile, and in-store environments.
• Venmo Integration: Merchants can now accept payments through Venmo, one of the most popular mobile payment platforms among younger consumers, expanding their reach to this important demographic.
• PayPal Pay Later: Offering flexible buy now, pay later options that allow customers to split purchases into interest-free installments, increasing average order values and conversion rates for merchants.
• PayPal Credit: Providing customers with promotional financing options at checkout, enabling larger purchases and repeat business.
• Fraud Protection: Leveraging PayPal's industry-leading fraud detection and prevention tools to protect both merchants and customers from fraudulent transactions.
• Cross-Border Payments: Enabling SecurePay merchants to accept payments from PayPal customers in over 200 markets worldwide, facilitating international expansion and global commerce.
As a global partner, OLB will provide front-line integration and support for PayPal services, including technical onboarding, merchant enablement, and ongoing account management across its portfolio of merchants. PayPal will complement this with platform-level technology, program support, and brand resources, helping to ensure a consistent, high-quality checkout experience for consumers and merchants using PayPal through OLB.
The initiative is expected to enhance the company's ability to attract new merchants seeking turnkey access to PayPal while increasing revenue per merchant through higher payment volume and value-added services. The parties will also collaborate on marketing and co-branding programs to drive adoption of PayPal at OLB merchants, subject to PayPal's brand and communications guidelines.
"Today's consumers expect choice and convenience in how they pay," Yakov added. "This partnership positions our merchants at the forefront of payment innovation, helping them capture sales they might otherwise lose while future-proofing their payment infrastructure for emerging trends in digital payments and cryptocurrency."
The collaboration leverages OLB's established relationships with merchants across various industries and PayPal's proven track record in digital payments innovation. The partnership is expected to roll out services in phases beginning in Q1 2026, with initial availability targeted for existing SecurePay merchant partners.
About The OLB Group, Inc.
The OLB Group, Inc. (NASDAQ:OLB) is a diversified fintech company headquartered in New York, providing payment processing solutions and digital asset technology services. Through its SecurePay gateway and other platforms, OLB serves merchants across multiple industries with innovative payment processing and financial technology solutions. For more information, visit www.olb.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected benefits, timing, and implementation of the partnership with PayPal. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including risks related to technology integration, merchant adoption, regulatory matters, and general economic conditions. The Company undertakes no obligation to update these forward-looking statements except as required by law.
Investor Contact:
The OLB Group, Inc.
Investor Relations
Email: ir@olb.com
Phone: (212) 278-0900 EXT 333
SOURCE: The OLB Group, Inc.
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