S8 Global Fintech Fund takes 10% stake in RYVYL

SAN DIEGO - RYVYL Inc. (NASDAQ:RVYL) announced Tuesday that S8 Global Fintech & Regtech Fund has acquired approximately 3.6 million shares of the company’s common stock, representing over 10% ownership and making it RYVYL’s largest shareholder.

According to a company statement based on recent SEC filings, Luxembourg-based S8 reported the ownership position as of July 21, 2025. The alternative investment fund, which is registered with Luxembourg’s financial regulator CSSF, focuses on investments in fintech, regtech, insurtech and data technology sectors.

RYVYL, a payment transaction solutions provider, recently announced plans to pivot toward strategies that may include cryptocurrency custodial services in mid-June. The company currently operates in North America and is pursuing additional strategic opportunities.

S8’s portfolio includes companies with operations in the UK and EU, as well as payment processing tools for direct digital asset payments. RYVYL indicated that initial discussions have taken place between the two companies to explore potential collaboration opportunities.

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

RYVYL, formerly known as GreenBox POS, was founded in 2017 in San Diego and develops payment transaction solutions.

In other recent news, RYVYL Inc. has completed a 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 has also filed a registration statement on Form S-1 with the SEC, indicating plans for future cost reductions and acquisitions. Additionally, the S8 Global Fintech & Regtech Fund has acquired a 10% stake in RYVYL, becoming its largest stockholder. In terms of leadership changes, Brett Moyer has been appointed to RYVYL’s board of directors, replacing David Montoya. Moyer brings experience from his current role as CFO of Datavault AI. These developments reflect significant strategic and financial moves for RYVYL.

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