Shares Outstanding: 5.4 Million
OLB Group, Inc. (NASDAQ:OLB)
2019 Revenue $10.3 Million
The OLB Group, Inc. is a payment facilitator and commerce service provider that delivers fully outsourced private label shopping solutions to highly trafficked websites and retail locations. The company provides end-to-end e-commerce, mobile and retail solutions to customers. These services include electronic payment processing, cloud-based multi-channel commerce platform solutions for small to medium-sized businesses and crowdfunding services. The Company is focused on providing these integrated business solutions to merchants throughout the United States through three wholly-owned subsidiaries, eVance, Inc., Omnisoft.io, Inc., and CrowdPay.us, Inc.
Three Wholly-Owned Subsidiaries
OLB Group Uplists to NASDAQ (Video)
OLB Group recently acquired DoubleBeam , Inc. (May, 2020) which annually processes over $100 Million in transactions
DoubleBeam provides mobile solutions which help merchants improve their customer experience and save money on their cost of payments. By integrating with existing mobile applications and POS systems, DoubleBeam closes the loop between offers and promotions, customer purchasing behavior and preferences, and the most personalized, real-time communication method ever: the smartphone in their customers’ hands.
In addition to improving marketing ROI, DoubleBeam saves merchants money on payments by offering mobile-based and contactless checkout at the cashier as an option, which is much cheaper than traditional credit and debit cards. These savings get passed on to their customers, who benefit with targeted offers that make sense for them, available right as they are shopping. Our solutions can also help them stay organized, save time and get out of the store faster.
DoubleBeam processed over $100 Million sales transactions in 2019.
Doublebeam captures customer data and behavior shopping experience and habits and provides retailers the ability to make targeted in-app offers quickly and easily, all while running quietly in the background. Retailers maintain their brand and control all the features and functionality that add to their customers’ shopping experience.
OLB Group Management
Mr. Ronny Yakov
Chief Executive Officer
As Chairman and CEO, Mr. Yakov has more than 25 years of experience in concept-to-print, software and eCommerce marketing experience to Fortune 500 and 1,000 companies, with a proven background of helping clients adapt their businesses in the new technology age. In 1996, he entered into the electronic mail-order catalog business with Playboy Enterprises, creating and hosting two eCommerce sites: Critics’ Choice Video and Collectors’ Choice Music. The company has since developed a number of other branded eCommerce sites for clients, selling a variety of products including sporting goods, chocolates, and cosmetics, and has now partnered with these sites, providing ongoing hosting and maintenance of these sites. Other significant accomplishments have included establishing an AT&T eCommerce platform for 180,000 employees’ wholesale shopping and working with high-profile clients such as Disney, Cisco Systems, Pfizer, Motorola, and Microsoft, among many others. Mr. Yakov also 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.