2021 Processing Volume Increase of Over 800% Versus Prior Year
Unaudited Revenue Grows to at Least $26.0 Million, an increase of Over 200% Versus Prior Year
GreenBox POS, an emerging and rapidly growing fintech company announced preliminary unaudited results for 2021 with a processing record of $1.95 billion in transaction volume, compared to $202 million during the previous year. This represents a staggering increase of over 800% in processing volume, leading to revenues of at least $26.0 million, an increase of over 200%, when compared to revenues of $8.5 million in 2020.
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The Company’s advanced blockchain ledger-based payment solutions product offering, combined with an expanding ISO and respected partnership network, as well as its strategic acquisition strategy to leverage a broader scope, opened the floodgates for a breakout year. This has resulted in remarkable growth for GreenBox, to not only establish their footprint in the payments industry but poise the company for further expansion across a myriad of verticals in 2022.
“2020 unquestionably proved our ability to develop and deploy cutting-edge technology. In 2021 we focused on executing on our strategy to build sustainable scale for our products, while adding new leadership team members that will drive our growth plan and establish GreenBox as a world-class brand,” said Fredi Nisan, Chief Executive Officer of GreenBox POS. “There’s a lot of pride around these 2021 results, no doubt. But, make no mistake, we remain laser-focused on molding the future of this company and our determination of becoming the global leader in the digital financial solutions marketplace.”
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