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May 01, 2020

Recent Price:

Market Data

Symbol OTC: OLBG
Fiscal Year December
Industry FinTech
Market Cap
Shares Outstanding
As of May 01, 2020

Financial Data

Revenue (ttm) $10.4M
Total Assets (mrq) $11.5M
Long-Term Debt (mrq) $9.5M

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A record $117 billion in FinTech deals were completed in 2019, driven primarily by the rapidly growing popularity of cashless payments, according to Market Insider.

The OLB Group, a small-cap stock company trading on the OTC Markets under the ticker symbol OLBG, is well positioned to be a leader in this burgeoning space and has built a solid foundation with its suite of integrated fintech and payment facilitation products and services.

OLB, which services more than 8,500 merchants nationwide, has processed an estimated 23.5 million transactions in 2018 with a value of nearly $1 billion.

Trading at around 8x sales, the upside for OLB could be significant considering its growth potential and the fact that industry peer comps trade as high as 35x sales.

Led by a team of seasoned industry executives with extensive experience in payments, ecommerce, and mobile commerce, OLB offers a suite of product solutions in the merchant services and payment facilitator verticals, including a cloud-based omni-channel commerce platform for small and medium-sized businesses (SMBs), electronic payment processing, and crowd funding services for issuers and broker/dealers.

OLB’s end-to-end solution set is a blend of offerings of Shopify (NASDAQ: SHOP) and Square (NYSE: SQ), with added features and benefits, providing a one-stop shop for its growing roster of customers.

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By improving merchant profitability and efficiency, OLB’s solutions are gaining considerable traction with customers, and the Company is already servicing accounts in more than 130 industries across all 50 states in the US.

OLB’s comprehensive platform enables retailers to set up multiple sales channels, including online, corporate, b2b and b2c, in-store, and mobile, in a matter of weeks, not months.

More than just a technology platform, OLB offers a complete and customizable eco-system of solutions for merchants, including website building tools, payments facilitation, logistics, promotions, online advertising, and customer acquisition, taking care of the complete lifecycle of its customers’ omni-commerce needs.

OLB generated $10.4 million in sales in the 12-months ended September 30, 2019, and the Company expects believes that it will continue to grow moving forward as it executes a strategy focused on both inorganic and organic opportunities.

On the organic growth side, a big opportunity for the Company comes from cross-selling its already vast customer list, such as offering its omni-channel solutions to customers currently only using its payment facilitation services and vice-versa.

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The Company’s inorganic growth strategy is focused on the acquisition of merchant servicers with less than 10,000 merchants, companies not on the radar of larger processers. As the acquisition strategy is executed, it is expected to provide even more cross-selling opportunities, further accelerating growth.

And there is no shortage of potential customers.

According to the Small Business Administration, the SMB market segment is comprised of nearly 29 million businesses in the US. Gaining even a small fraction of this market could provide OLBG growth for years to come.

OLB has secured relationships with a variety of blue-chip partners covering all facets of its operations, including Visa/Mastercard, American Express, PayPal, Wells Fargo, Chase Paymentech, Elavon, US Bank, Fiserv First Data, Jack Henry & Associates, Vantiv Worldpay, iOS, Android, Microsoft, ControlScan, and more.

This network of best-in-class service partners took OLB years to build and is not easily or quickly replicated, providing a solid barrier to entry for potential competitors, and in the process, providing OLB an added competitive advantage in its quest to become a market leader.

OLB is led by Chairman & CEO Ronny Yakov.

A 25+ year veteran of the ecommerce software and development market, Yakov has a proven track record of helping top Fortune 500 and 1,000 clients adapt to ever changing technologies.

In 1996, he entered the electronic mail-order catalog business with Playboy Enterprises, creating and hosting two e-commerce sites: Critics’ Choice Video and Collectors’ Choice Music.

He went on to develop a number of other branded e-commerce sites for clients, selling a variety of products including sporting goods, chocolates, and cosmetics. OLB is partnered with these sites today, providing ongoing hosting and maintenance services.

Yakov also helped establish a wholesale e-commerce shopping platform for AT&T’s (NYSE: T) 180,000 employees, and has done work for numerous other high-profile clients, including Disney (NYSE: DIS), Cisco Systems (NASDAQ: CSCO), Pfizer (NYSE: PFE), Motorola (NYSE: MSI), and Microsoft (NASDAQ: MSFT), as well as many others.

In addition, Yakov developed and maintains a complex extranet/intranet infrastructure that allows Doremus, an Omnicom Communication subsidiary, to provide its advertising services to 50 of the top financial institutions on a real-time basis.

Yakov is joined by Chief Financial Officer, Rachel Boulds.

With 20+ years of accounting experience, including handling ecommerce accounting at Disney (NYSE: DIS) and working with GAAP and SEC requirements for multiple public companies, Boulds is a strong addition to the team.

Previously, Boulds, a licensed CPA, was a senior auditor at HJ & Associates and an associate at PWC.

Another key member of the management team is Patrick Smith, VP of Finance and Operations.

Smith brings 20+ years of finance, accounting, operational, and business development experience in the merchant services industry.

He has worked with large sales organizations in the payments industry, including Cynergy Data, and raised over $300 million in capital funding as part of the finance team at Pay by Touch.

Previously, Smith was VP/Controller at Concord EFS, which was acquired by First Data in 2004.

With a proven business model and thousands of customers already onboard, OLB is well positioned to accelerate growth in the quarters ahead.

Shopify (NASDAQ: SHOP), one of the Company’s leading peers, trades for more than 30x its trailing 12-months sales.

OLBG, which generated more than $10 million in revenue over the last 12 months, currently trades for just 8x sales on little volume.

Factor in a more comprehensive solution platform, and the potential for inorganic growth exponentially growing OLB’s already impressive customer base, and it’s only a matter of time before bigger Wall Street investors take notice.

As trading picks up, the share price is likely to follow.

Disclosure

All statements from The OLB Group, Inc. in this news release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce applications to our current merchants and the integration of our secure payment gateway with our crowd funding platform. While the Company’s management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, uncertainty regarding our ability to integrate the companies that we have recently acquired and to repay outstanding indebtedness and fund our operations. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption “Risk Factors” in the Company’s most recent Form 10-K, 10-Q and 8-K filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

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