The OLB Group, Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 08:52 am EDT
Share
The OLB Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the quarter, the company reported total revenue of $2,833,572 compared to $2,000,035 a year ago. Net loss was $666,136 compared to $510,409 a year ago.
The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. Its eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 10,300 merchants in diversified market sectors in all 50 states. Its business functions through three subsidiaries, eVance, Inc. (eVance), OmniSoft.io, Inc. (OmniSoft), and CrowdPay.Us, Inc. (CrowdPay). OmniSoft operates a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses. eVance provides competitive payment processing solutions to merchants, which enable merchants to process credit and debit card-based internet payments for sales of their products. CrowdPay.US operates a white label capital raising platform that targets small and midsized businesses seeking to raise capital. DMint, a subsidiary of the Company, is engaged in the mining of Bitcoin in Tennessee.
THE OLB GROUP, INC. 
