The OLB Group, Inc. is a Delaware corporation providing cloud-based financial technology and payment processing solutions primarily for small to medium-sized merchants.

# Company Summary: The OLB Group, Inc.

**Company Name:** The OLB Group, Inc.  
**Legal Structure:** Delaware Corporation  
**Stock Ticker:** OLB (Nasdaq Capital Market)  
**Fiscal Year End:** December 31, 2024  

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## Core Business Activities:
- The OLB Group, Inc. operates as a provider of cloud-based financial technology solutions and services primarily focused on commerce and payment processing.
- It offers integrated e-commerce solutions, including APIs and software that enable businesses to process payments securely, manage transactions, and streamline online sales.
- The company develops and deploys technology platforms that facilitate payment acceptance, fraud prevention, and transaction management for merchants and service providers.
- It also provides services related to merchant account provisioning, payment gateway infrastructure, and transaction risk management.

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## Operations and Market Position:
- The company is registered on the Nasdaq Capital Market under the symbol OLB.
- It has a focus on small to medium-sized merchants, leveraging cloud-based technology to expand accessible payment solutions.

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## Financial and Corporate Details:
- **Number of Customers:** Not explicitly specified in the provided excerpt.
- **Number of Employees:** Not specified.
- **Revenue and Income:** Not specified in the provided excerpt.
- **Market Value:** $3,343,377 (based on 1,114,459 non-affiliate shares at a share price of $3.00 as of the most recent second quarter ending prior to April 7, 2025).

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## Additional Information:
- The company describes itself as a smaller reporting company and an emerging growth company.
- It files annual reports on Form 10-K, with this document being an amended filing to include certain exhibits and certifications.
- The company's headquarters is located at 1120 Avenue of the Americas, 4th Floor, New York, NY 10036, with a telephone number of (212) 278-0900.

**Note:** Specifics on the number of customers, employees, revenue, and net income were not provided in the excerpt. The summary is focused on the company's core activities, market position, and available corporate details.

The OLB Group, Inc. is a financial technology company providing integrated business solutions and Bitcoin mining operations, servicing approximately 3,000 merchants across the United States.

# Summary of The OLB Group, Inc.

## Overview
The OLB Group, Inc. (referred to as "OLB") is a financial technology (FinTech) company focused on providing integrated business solutions to merchants across the United States. Founded in 2004 and based in New York, the company operates primarily through three wholly-owned subsidiaries: eVance, Inc., OmniSoft.io, Inc., and CrowdPay. 

## Business Segments
1. **Merchant Services**:
   - **eVance, Inc.**: Provides payment processing solutions including transactions for credit and debit cards, both online and in physical stores. As an independent sales organization (ISO), eVance facilitates over $100 million in gross monthly transactions, processing approximately 1.4 million transactions monthly.
   - **OmniSoft.io, Inc.**: Offers a cloud-based business management platform for merchants. This platform assists small and medium-sized enterprises (SMEs) to manage inventory, sales, and transactions effectively, accessible via various devices.
   - **CrowdPay.us, Inc.**: This white-label crowdfunding platform assists small and midsized businesses in raising capital, allowing offerings from $1 million to $50 million, with services tailored to different regulatory frameworks.

2. **Bitcoin Mining**:
   - **DMINT, Inc.**: Manages the company's Bitcoin mining operations. As of December 31, 2023, DMINT operates multiple data centers and has a significant number of mining computers dedicated to extracting Bitcoin. The company has mined a total of 31.06 Bitcoin.

## Financial Information
- **Revenue**: For the fiscal year ended December 31, 2023, OLB reported total revenue of **$30,571,637**, which was slightly up from **$30,368,979** in 2022.
- **Transaction and Processing Fees**: Contributed significantly to revenue at **$27,096,245** for 2023.
- **Net Loss**: The company reported a **net loss of $23,273,939** for 2023 compared to a **net loss of $7,787,269** in 2022.
- **Cash**: At the end of 2023, OLB had **$179,006** in cash and negative working capital of **$5,413,927**.

## Customer Base and Employees
- **Customers**: eVance serves approximately **3,000 merchants** through its payment processing platform, contributing to the company’s significant transaction volume.
- **Employees**: As of December 31, 2023, OLB employed **26 full-time staff members**. This includes roles concentrated in risk management, compliance, underwriting, customer service, and software development, with a significant portion of technical staff based in India.

## Competitive Position
OLB distinguishes itself in the merchant services market through its proprietary software, payment gateway, and unique service offerings, which include:
- High integration between subsidiaries facilitating seamless transactions across platforms.
- Cost-effective financial services without setup fees for merchants.
- Rapidly customizable solutions with short implementation timelines.

## Recent Developments and Strategic Focus
- OLB is focusing on enhancing the capabilities of its OmniSoft platform and expanding its domestic reach in merchant services while also working towards spinning off its Bitcoin mining segment (DMINT) into a standalone entity.
- The company has faced challenges with increasing regulatory scrutiny and heightened competition in the FinTech space, necessitating an adaptation of its strategies.

In conclusion, The OLB Group, Inc. operates with a dual focus on FinTech services and cryptocurrency ventures, catering to a diverse portfolio of SMEs while navigating the complexities of evolving regulatory landscapes.

OLB GROUP, INC.

10-K / April 29, 2025

10-K / April 15, 2024

10-K / April 29, 2025

Company Summary: The OLB Group, Inc.

Core Business Activities:

Operations and Market Position:

Financial and Corporate Details:

Additional Information: