The OLB Group, Inc. acquired a 80.1% stake in SDI Black 011, LLC.
June 14, 2023
Share
The OLB Group, Inc. (NASDAQ:OLB) acquired a 80.1% stake in SDI Black 011, LLC on June 15, 2023. OLB plans to re-brand the platform and make it part of the OLB Payment Platform and ECO Payment system.
The OLB Group, Inc. (NASDAQ:OLB) completed the acquisition of a 80.1% stake in SDI Black 011, LLC on June 15, 2023.
The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider. Its eCommerce platform delivers cloud-based merchant services for a digital commerce solution to thousands of merchants in all 50 states. It seeks to provide merchants with a range of products and services through its various online platforms, including financial and transaction processing services. Its business functions through three subsidiaries: eVance, Inc. (eVance), OmniSoft.io, Inc. (OmniSoft), and CrowdPay.Us, Inc. (CrowdPay). OmniSoft operates a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses. eVance provides competitive payment processing solutions to merchants, which enable merchants to process credit and debit card-based Internet payments for sales of their products. CrowdPay operates a white label capital raising platform that targets small and midsized businesses seeking to raise capital.
THE OLB GROUP, INC. 
