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GreenBox POS
(NASDAQ: GBOX)

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GreenBox POS (NASDAQ: GBOX) is an emerging financial technology company leveraging proprietary security and token technology to build customized payment solutions for business. The company’s mission is to build compliant, cutting-edge blockchain ledger tokenized solutions for the diverse, evolving and dynamic global market.

GreenBox applications enable an end-to-end suite of turnkey financial products which offer improved fraud detection and better handling efficiency of large-scale commercial payment processing volumes for its merchant clients globally. The company’s proprietary blockchain and smart contract token technologies create seamless payment processing using digital encryption keys.

GreenBox is a unified platform providing scalability for businesses to accept payments, transact, send, settle and convert in a single versatile ecosystem. GreenBox operates a private and proprietary blockchain-based payment platform that offers distinct advantages when compared to traditional payment technologies, including greater security and data privacy, as well as enhanced identity theft protection and quick settlement.

As the settlement engine for financial transactions, GreenBox’s blockchain technology is a distributed ledger that uses digitally encrypted keys to verify, secure and record details of each transaction conducted within GreenBox’s private ecosystem. The speed and security of the platform allows GreenBox to log immense volumes of immutable transactional records in real time for Tier-1 partners around the world.

In November 2021, GreenBox announced the closing of a previously announced $100 million convertible note financing. The company plans to use proceeds for acquisitions, a planned stablecoin spin-off, and additional working capital toward the company’s future growth. The initial conversion price equals a more than 80 percent premium to the market price of the company’s common stock on October 29, 2021, and values the enterprise at more than $700 million upon conversion.

Investment Considerations:

  • GreenBox POS reported $8 million in revenue for Q3 2021 on $540 million processed transaction volume.
  • GreenBox’s guidance for FY2022 forecasts processing volume of at least $4.9 billion.
  • The company’s planned spinoff of its coyni smart contract token technology is expected to accelerate revenue growth.
  • GreenBox shareholders will have an opportunity to benefit from dividends in the coyni spin off IPO.
  • The company’s Board of Directors recently approved a share buy-back program.

Additional Resources:

 
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Recent Coverage

InvestorNewsBreaks - GreenBox POS (NASDAQ: GBOX) Chooses International Agency for Global Branding, Communications Efforts

March 22, 2022 8:30 AM

GreenBox (NASDAQ: GBOX), an emerging and rapidly growing fintech company, has named INNOCEAN USA as its first advertising and branding agency of record. GBOX will be working with INNOCEAN to build global awareness of the company’s capabilities, products and services and create a world-class brand. Greenbox’s expansive, 360-degree campaign will include designing all brand assets and creating a strategic communications plan to be rolled out across a variety of different platforms. Greenbox offers a proprietary blockchain ledger and smart-contract token technologies the create seamless payment-processing solutions. The company’s solutions leverage digital-encryption keys to verify, secure and record details of every transaction conducted within the system. “No other finTech company has the end-to-end offering we do, coupled with the genuine moxie to believe we can change the financial landscape,” said Greenbox chief marketing officer Jacqueline Reynolds in the press release. “And no other advertising agency other than INNOCEAN has the expertise, disposition and is a better cultural fit for what will most definitely drive us towards achieving lofty goals. The process INNOCEAN laid out is exactly what I had in mind for our brand work. We’re already seeing how this relationship will breathe new life into our brand just in our preliminary meetings together. We expect bold, riveting, relevant and innovative creativity as we expand to a global footprint, catapulting us to the next level in the category.”

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