RevoluGROUP Canada Inc.
(TSX-V:
REVO),
(Frankfurt: IJA2) (the "Company")
is pleased to announce that RevoluPAY App users reached 30,348 at
midnight ET on April 3rd 2022. Likewise, the Company wishes to
provide shareholders with specific metrics derived from said
exponential increases since it traversed into the monetization
phase of its financial ecosystem on March 1st, 2022. The Company
also recaps its business model, revenue verticals, and future
goals.
Corporate
Era
Between July
2018 to December
2021
Between 2018 and 2021, the Company has
conceived, developed, launched, and entirely funded a proprietary
financial ecosystem consisting of the centralized closed-loop open
banking app RevoluPAY allied to a Visa Card, freely available
worldwide for iOS and Android smartphones. RevoluPAY is the
self-licensed E.U financial institution 6900, having been granted
E.U PSD2, USA Florida MSB II, and Canadian FINTRAC financial
approval. The Company is currently pursuing its 4th financial
license in the UAE, with which it intends to launch its consumer
finance division RevoluFIN. Similarly, the Company has conceived,
developed, launched, and funded the following revenue verticals to
attract new users while incurring organic user onboarding. As a
prerequisite, interaction with said verticals requires RevoluPAY
App for all financial interactions. Currently, active revenue
verticals are RevoluSEND, RevolUTILITY, RevoluEX, RevoluCHARGE,
RevoluEGAME, RevoluVIP, RevoluPOS, RevoluREALTY.
Quarter Ending
28th February 2022
Before the commencement of monetization, in
comparison to the previous quarter ending 30th November 2021, the
Company concluded the term with 5502 RevoluPAY users, or
approximately 89% higher than the last quarter. The overall
positive effect on revenue should be evident in the upcoming
financial statements.
Commencement of Monetization Phase from
1st March 2022
The Company commenced monetizing its financial
ecosystem on March 1st, 2022, and by the 31st of March, it had
attained a 445% increase in users, ending the month with 30,003
registered users. When comparing the entire previous quarter
revenue with just the one month of March 2022 the Company is
pleased to provide the following abbreviated data to allow
shareholders to quantify the effect increased app users have upon
the overall proprietary ecosystem.
Vertical |
Transactions Increase |
Processing Increase |
RevoluSEND |
3654.84 |
% |
817.40 |
% |
RevolUTILITY |
800 |
% |
804.34 |
% |
RevoluEX |
500 |
% |
493.04 |
% |
AIRBNB |
211.67 |
% |
131.64 |
% |
RevoluCHARGE |
130 |
% |
174.31 |
% |
VCC |
78.13 |
% |
81.59 |
% |
E.U Fintech White
Labels
The Company's financial technology, complete
with financial licensing, is available for co-branding and
white-label deployment. Two such white labels are Million Bridges
and Sendity, which commenced in August 2021 and September 2021. On
the 31st March 2022, the Company signed an NDA for potentially its
third E.U-based white-label. Similarly, both active white labels
have experienced increased transactions and processing during the
month of March in comparison to the entire previous quarter.
Vertical |
Transactions Increase |
Processing Increase |
Sendity |
147.06 |
% |
85.17 |
% |
Million Bridges |
14.08 |
% |
30.77 |
% |
USA Fintech White Labels
In February 2022, the United States subsidiary
RevoluGROUP USA Inc. began marketing the Company's financial
technology, complete with financial licensing, for co-branding and
white-label deployment in the U.S and has thus far signed 3 NDAs
with prospective parties. All three parties are active in the
family remittance sector and money transfer industry with
significantly established user bases. One of the parties is one of
the world's top 5 remittance companies whose interest centers on
eventual collaboration and bilateral API integration.
Recurring Revenue and Typical Profit
Margins
The Company's business model lends itself to the
recurring revenue genre. For instance, open banking services,
family remittances, mobile phone top-ups, subscriptions such as
Netflix, HBO Max or Microsoft, etc., are commonly monthly.
Furthermore, the Company's financial ecosystem has been designed
from the ground up to require minimal human intervention,
successfully automating processes 24/7 while drastically reducing
the cost of revenue ("COR"), rendering profit margins like those
witnessed in previous financial statements up to and exceeding 60%.
Due to the computerization and inherent automation, the increase in
overall transactions and cash flow processing is unlikely to
increase the Company's known monthly operational expenditure in any
meaningful manner.
RevoluPAY User Goals
as We Advance
Since ecosystem monetization has officially
begun, the Company has set an initial goal of 100K proprietary
users by the 31st May 2022. This projection does not include those
users onboarded by White-Label partners whose financial flows
traverse RevoluPAY at a ratio of 100%.
Links 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
Bridges - https://millionbridges.com/
About
RevoluPAY®
The Company's flagship Neobanking technology is
RevoluPAY®, the Apple and Android multinational payment app.
Conceived entirely in-house, RevoluPAY features proprietary,
sector-specific technology of which the resulting source code is
the Company's intellectual property. RevoluPAY's built-in features
include Remittance Payments, Forex, Crypto-to-fiat exchange, Retail
and Hospitality payments, Real Estate Payments, pay-as-you-go phone
top-ups, Gift Cards & Online Credits, Utility Bill payments,
Leisure payments, Travel Payments, etc. RevoluPAY employs
blockchain protocols and is squarely aimed at the worldwide
multi-billion dollar Open Banking sector and + $595 billion family
remittance market. RevoluPAY® is operated by the European
wholly-owned subsidiary RevoluPAY EP S.L situated in Barcelona.
RevoluPAY is a licensed United States MSB, Canadian FINTRAC, and
European PSD2 payment institution 6900 under the auspices of E.U.
Directive 2015/2366 with EU Passporting. RevoluGROUP Canada Inc.
controls five wholly-owned subsidiaries on four continents.
About RevoluGROUP
Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset,
multidivisional publicly traded Canadian Company deploying advanced
technologies in; Banking, Mobile Apps, Money Remittance, Mobile
Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice
factoring, Online Travel, Vacation Resort, Blockchain Systems, and
Fintech app sectors. Click here to read more.
For further information on RevoluGROUP Canada
Inc. (TSX-V: REVO), visit the Company's website at
www.RevoluGROUP.com. The Company has approximately 186,969,692
shares issued and outstanding.
RevoluGROUP Canada,
Inc.
"Steve Marshall" ______________________STEVE
MARSHALLCEO
For further information, contact:RevoluGROUP
Canada Inc.Telephone: (604) 332 5355Email: info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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