S8 Global Fintech Fund acquires 10% stake in RYVYL

SAN DIEGO - S8 Global Fintech & Regtech Fund has acquired approximately 3.6 million shares of RYVYL Inc. (NASDAQ:RVYL), representing more than 10% of the company’s outstanding common stock, according to a recent SEC filing.

The Luxembourg-based alternative investment fund has become RYVYL’s largest stockholder as of July 21, 2025. S8, which is registered with Luxembourg’s financial regulator CSSF, focuses on investments in fintech, regtech, insurtech, and data technology industries. InvestingPro data reveals that RYVYL’s financial health score is currently rated as WEAK, with particularly concerning metrics in profitability and cash flow. Discover 16+ additional exclusive ProTips and comprehensive analysis with an InvestingPro subscription.

RYVYL, a payment transaction solutions provider, recently announced plans to pivot toward strategies that may include cryptocurrency custodial services in a June 16 press release. The company currently operates in North America and is exploring strategic opportunities, including a digital asset acquisition strategy. With revenue of $54.36 million in the last twelve months and a gross profit margin of 40.68%, the company faces significant challenges, as evidenced by its negative EBITDA of -$6.34 million.

S8’s portfolio includes companies with operations in the UK and EU, as well as payment processing tools for direct digital asset payments. According to the announcement, RYVYL and S8 have initiated discussions to explore potential collaboration opportunities.

S8 Global Fintech & Regtech Fund owns several regulated payment institutions including My EU Pay Ltd., Cublox Ltd., and ValorPay, UAB.

RYVYL, formerly known as GreenBox POS, was founded in 2017 in San Diego. The company develops payment transaction solutions with enhanced security features and identity theft protection.

This information is based on a company press release statement.

In other recent news, RYVYL Inc. has successfully closed its public offering, raising approximately $6 million in gross proceeds. This offering included 15,384,615 shares of common stock and warrants to purchase an equal number of shares, priced at $0.39 per share. The company announced that the warrants would be immediately exercisable and will expire five years after issuance. Additionally, RYVYL has filed a registration statement on Form S-1 with the SEC, indicating plans for cost reductions and a potential acquisition. In a strategic move to strengthen its financial structure, RYVYL converted its remaining 8% Senior Convertible Note into common stock, issuing 7.1 million shares. This conversion is part of a broader strategy to minimize shareholder dilution and improve the balance sheet. Furthermore, Brett Moyer has been appointed as an independent member of RYVYL’s board of directors, replacing David Montoya. Moyer brings experience as the current CFO of Datavault AI and a background in leadership roles at WiSA Technologies.

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