RevoluGROUP Canada Inc. Discusses Sixfold Increase in RevoluPAY(R) Users in March with The Stock Day Podcast (REVO)
Phoenix, Arizona–(Newsfile Corp. – May 9, 2022) – The Stock Day Podcast welcomed RevoluGROUP Canada Inc. (TSXV: REVO), (FSE: IJA2) (“the Company”), RevoluGROUP Canada Inc is a multi-vertical Fintech Neobank generating revenue via its RevoluPAY mobile EU PSD2, FINTRAC & USA MSB II licensed open-banking app & Visa Card. RevoluSEND Remittances & Forex, RevoluEX Crypto Exchange, RevoluCHARGE pay-as-you-go top-up, RevolUTILITY Virtual Store, RevoluREALTY real-estate, REVOLUEGAME gaming, RevoluPOS Global mobile POS, RevoluFIN Loans & Lending, RevoluVIP members only net rate Travel Club +120 countries, and more. 5 subsidiaries on 4 continents. CEO of the Company, Steve Marshall, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company’s background and current projects. “RevoluGROUP is essentially a neobank, which is a modern version of current high-street banks,” explained Marshall. “We have financial licenses from 27 countries in Europe” he added, noting the Company’s additional licenses in USA and Canada. “We have a mobile app, RevoluPAY®, and that is associated with a Visa card, as well as a bank account on your phone, which is associated with a series of revenue verticals.”
Jolly then commented on the Company’s impressive profit margins, and asked whether or not these numbers are typical within the fintech industry. “In 2020 and 2021, we obtained the three financial licenses that we needed to be able to carry out this particular business,” said Marshall. “We then proceeded to the monetization phase,” he added. “This type of financial technology that we have launched is entirely automated with almost no human intervention whatsoever,” shared Marshall. “Human intervention is costly, and that then translates to these tremendous profit margins.”
“Who uses your platform?”, asked Jolly. “Since you can download it for Apple and Android devices, it can be used anywhere in the world,” said Marshall. “The people who tend to use it are those that are seeking alternative banking services,” he explained, adding that there are currently millions of people around the world who are currently unbanked. “It’s a simple method for banking.”
“What do you expect in terms of monetization from the Company’s sixfold increase in users?”, asked Jolly. “With 30,000 users, which we have obtained solely in the month of March, we have a sixfold increase in users,” said Marshall. “For the first quarter of 2022, which begins on the first of June, we do expect and we hope to either break even or be at a reasonable profit, which is very rare for a fintech company.”
“How does your company intend to meet these crypto regulations to assist digital currency exchanges?”, asked Jolly. “We have had to delay the launch of our Huobi and Dsdaq white labels because of the new interest in regulators to do this,” shared Marshall. “As soon as the European Union introduced the guidelines for entities like us to receive approval, we applied in December for the new licensing,” he explained. “Now, it is simply a waiting game,” he added. “This means that we could possibly be one of the first payment institutions in Europe to be approved for bilateral crypto trading, and the ramifications of this are quite important.”
To close the interview, Marshall shared that the Company expects to reach the break even or profit status for the first quarter of 2022, and elaborated on the Company’s exciting catalysts over the next two to three quarters. He also encouraged listeners and shareholders to keep up-to-date on the Company’s updates and current projects as they continue to expand their services and look forward to upcoming launches.
To hear Steve Marshall’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/8079969-revolugroup-canada-inc-discusses-sixfold-increase-in-revolupay-users-in-march-with-the-stock-da.
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® 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.
For further information on RevoluGROUP Canada Inc. (TSXV: REVO), visit the Company’s website at www.RevoluGROUP.com. The Company has approximately 186,969,692 shares issued and outstanding.
RevoluGROUP Canada, Inc.
For further information, contact:
RevoluGROUP Canada Inc.
Telephone: (604) 332 5355
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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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