Summary of Global Research Findings:
Kindcard, Inc. (the “Company”) operates through its two wholly owned subsidiaries,Deb, Inc. (“Deb”) andTendercard, Inc. (“Tendercard”), each with proprietary advantages.- The Company’s Deb subsidiary is poised to take advantage of expected disruption in the global payment processing market.
- Deb is focused on providing innovative payment solutions and financial tools to the field of “high risk” merchants, which account for 80% of online
U.S. businesses. - Deb’s addressable market includes three segments of the broader
$2.1 trillion global payment industry. - The Deb platform includes a unique combination of proprietary components not easily replicated by traditional industry players.
- The Company’s proprietary “Pay With Deb” wallet app gives the Company potential in the e-wallet segment, which is expected to be the fastest growing segment of the payment processing industry.
- Deb’s closed-loop merchant platform serves the needs of the growing number of high-risk merchants looking for more affordable and reliable account options.
- “Pay With Deb” represents a value proposition for both consumers and businesses.
- Deb has defined goals for growing its user and merchant bases in the next 12-24 months.
- The Company’s Tendercard subsidiary operates in the
$835 billion gift cards market, which is expected to reach$4.2 trillion by 2023. - The Company’s management team forecasts 2024 gross revs of
$2 .8M+ and gross revenues of $28M+ by 2027.
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About
The Company provides alternative “Closed-Loop” payment solutions to consumers and businesses across a wide array of verticals. The Company believes that mobile wallet technology will ultimately grow to become the preferred method for merchants and consumers to transact at the point of sale, and it is our goal to capture significant market share from the mobile wallet segment through its proprietary “Pay with Deb” consumer app and merchant services platform.
The Company targets the mid to high-risk merchant market where businesses operating within innovative verticals and e-commerce are incurring higher transaction costs, utilizing a robust compliance policy for onboarding users and businesses in accordance with federal and state regulations. “Pay with Deb” operates on a “closed-loop” system, whereby consumers can purchase “Deb Tokens” to store in their mobile wallets and use their Deb Tokens to make purchases within the Pay with Deb merchant network. Deb Tokens are not a crypto currency, stable coins, or tied to any exchange. For more information about
Safe Harbor Provision
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or “believes” or the negative thereof or any variation thereon or similar terminology or expressions. These forward-looking statements are based upon current estimates and assumptions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors set forth in the Company’s Annual Report on Form 10-K for the year ended
Contact:
(888) 888-0708
Info@kindcard.com
Investor Relations:
Info@kindcard.com
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