“We are pleased today to announce the successful completion of our audit of Alchemy, our largest acquisition to date,” said
Highlights of Alchemy for the 2-year financial audit include
$2.7 million in revenue in 2021 (January - December)- 146% year-over-year revenue growth (2020 - 2021)
- Profits of
$527,858 in 2021
For the 9-month pro forma period (
The newly combined company has already streamlined the staff and operations to support Alchemy’s existing clients while developing Business Warrior’s new turnkey lending platform, PayPlan. The company remains dedicated to its existing client base and custom software development needs as it prepares for tremendous potential growth from PayPlan. The success of PayPlan means more consistent SaaS revenue growth and a much higher maximum for total revenue and profitability in the future.
PayPlan is a platform that goes beyond the traditional boundaries of typical lending solutions. It is a customizable end-to-end lending solution that provides a loan origination system, a decision engine, underwriting, and a loan management system. It has a much lower development cost, includes the integrations needed to minimize fraud and payment defaults, and turns a business into a lender in weeks rather than months.
The company’s annual financials are its next filing milestone. Due to the comprehensive nature of the annual filing across Business Warrior’s multiple subsidiaries, the company requested an extension and is working on filing expeditiously.
About
About Alchemy Technologies
Alchemy Technologies is an industry-leading embedded financing software company that powers FinTech FinTechs, Merchants, and Banks with an end-to-end cloud-native experience. Its award-winning lending software provides a complete suite of powerful software modules, including its digital customer onboarding process, real-time underwriting, loan servicing and management, real-time payments gateway, and more. Businesses leverage the robust, Alchemy solutions to help retain customers, gain new customers, mitigate risk and operate more effectively. For more information, please visit TrustAlchemy.com.
Forward-Looking Statement
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