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SAN DIEGO, CA - RYVYL Inc. (NASDAQ: RVYL), a key player in electronic payment transaction solutions currently trading at $0.90 per share, has reported swift progress in onboarding new clients through its European arm, RYVYL EU. According to InvestingPro analysis, the company appears undervalued despite facing recent market challenges, with the stock down over 65% in the past year. The company has recently secured contracts with two digital banking platforms, which have led to significant growth in account openings and transaction volumes.
Under the first contract, a rapidly growing financial services provider is utilizing RYVYL EU’s infrastructure to create digital and physical payment accounts. Since the commencement of this partnership, RYVYL has onboarded over 10,000 accounts, with an average of 1,000 new accounts being added daily. Additionally, the company has processed more than €10 million in transactions. This contract is on track to surpass 50,000 active accounts in 2025. The company’s revenue stands at $56 million for the last twelve months, with a notable gross profit margin of 40%.
The second contract involves a fully digital banking platform that has completed the necessary API integrations ahead of schedule. This partnership is expected to result in the onboarding of 900,000 new customer accounts over the next 12 months.
Rui Helder, Chief Business Development Officer at RYVYL EU, expressed confidence in the company’s ability to meet its target of opening nearly 1 million new customer accounts within the coming year. He highlighted the PaaS (Payments-as-a-Service) platform’s value in providing seamless onboarding, compliance expertise, and operational scalability necessary for modern digital payment ecosystems.
The company’s forward momentum is contingent on maintaining its current business model. On January 24, 2025, RYVYL entered into a financing agreement with a 90-day closing period. The company has the option to extend this period by an additional 30 days for $500,000. Shares in the RYVYL EU subsidiary are in escrow during this period. The firm plans to terminate the asset sale within the closing period by paying $16.5 million, which would ensure the full retention of its RYVYL EU subsidiary, a factor critical to their financial guidance for 2025.
RYVYL, formerly known as GreenBox POS, has become renowned for its innovative approach to B2B, C2B, and P2P payment transactions globally since its inception in 2017. The company’s platform boasts enhanced security, data privacy, identity theft protection, and rapid settlement capabilities. InvestingPro subscribers can access detailed financial analysis, including 7 additional ProTips and comprehensive valuation metrics in our Pro Research Report, helping investors make informed decisions about this emerging fintech player.
The information in this article is based on a press release statement from RYVYL Inc.
In other recent news, Ryvyl Inc. announced its anticipated revenue for the fourth quarter of 2024, projecting $14.1 million, which aligns with the lower end of its annual forecast of $56-60 million. The company also provided its first revenue guidance for 2025, estimating between $80-90 million. Analysts at H.C. Wainwright maintained a Neutral rating on Ryvyl, noting the updated revenue outlook. In a separate development, Ryvyl has entered into a new Memorandum of Understanding (MOU) to advance its debt repayment strategy. This agreement includes a $13.0 million first tranche payment to redeem Preferred Stock and reduce the outstanding balance of an 8% Senior Convertible Note to $4.0 million. The maturity date for the remaining balance has been advanced to April 30, 2025. The MOU allows for certain restrictive covenants to be waived if the remaining balance is paid by the maturity date. Ryvyl’s recent moves are part of its broader strategy to manage financial obligations and streamline its capital structure.
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