OLB Group To Acquire Controlling Interest In black011.com Platform To Provide Open Access To ~31,600 Retail Locations; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
OLB Group has acquired an 80.1% controlling interest in the black011.com platform, providing open access to approximately 31,600 retail locations. The acquisition will enable OLB Group to focus on underbanked communities and expand its offerings, including point-of-sale merchant services and digital products.
June 15, 2023 | 1:32 pm
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OLB Group's acquisition of a controlling interest in black011.com will expand its reach to 31,600 retail locations and enable it to target underbanked communities with new offerings.
The acquisition of a controlling interest in black011.com will allow OLB Group to expand its reach to approximately 31,600 retail locations, providing new opportunities for growth and revenue generation. This will enable the company to target underbanked communities with new offerings, such as point-of-sale merchant services and digital products, which could potentially increase its customer base and market share.
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