Vancouver, BC – 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.
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|
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/
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.
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RevoluGROUP Canada Inc.
Telephone: (604) 332 5355
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.