RevoluGROUP Canada

Overview

As Open Banking becomes the 2021 buzzword in Canada, upcoming federal legislation is fast approaching to shake up our financial landscape as it did in Europe a decade ago. RevoluGROUP Canada Inc. (TSXV:REVO,FWB:IJA2) has meticulously prepared for this advent, having obtained the prestigious 27 EU country PSD2 banking license and the requisite Canadian FINTRAC license homologation. Trademarked RevoluPAY, the proprietary iOS and Android banking app launched in 2018, linked to a proprietary Visa card in 2020, brings mobile banking around the globe. Currently offering accounts in CAD, USD and Euro, with more currencies on the horizon. RevoluGROUP has rapidly gained ground inking direct correspondent banking agreements with BBVA USA, Flutterwave, Alipay, Union Pay, Thunes and many more.

Firstly, armed with its direct banking ability, RevoluGROUP has targeted remittances through RevoluSEND. Market research expects the global remittance market size to reach US$930.44 billion by 2026, growing at a compound annual growth rate (CAGR) of 3.9 percent from 2019 to 2026. Much of this traces back to the increase of cross-border transactions and nascent mobile-based payment channels, as well as lower remittance costs and transfer times. As the market is projected to soar, so too could the companies driving the technological platforms that engender that outcome.

RevoluGROUP Canada Inc. is a Canada-based central bank licensed neobank fintech company focused on meeting the demands of the rapidly growing personal and corporate finance industry along with other huge sectors of the technology market through its flagship RevoluPAY technology. Beginning in 2017, the company has pursued and been granted the necessary banking licenses and banking partner accords to establish itself as a strong player in the fintech industry.

The multi-asset, multi-divisional company has advanced technology deployment in many verticals in the industry. This vertical portfolio includes online travel, forex, money remittance, mobile banking apps, mobile phone top-up, utility bill payments, video game credits, cryptocurrency exchange, real estate payments, blockchain security, invoice factoring and personal and corporate leisure sectors. RevoluGROUP is also currently proposing its banking technology under various white-label scenarios to dramatically increase user onboarding.

RevoluGROUP’s mission is to aid consumers in resolving multiple banking needs using one secure closed-loop payment system. Its fintech banking solutions aim to remove complications consumers face when interacting with traditional financial bodies through exponential adoption of the company’s central proprietary financial app RevoluPAY.

The company’s flagship technology, RevoluPAY, is an Apple and Android compatible, multinational bank account app. Built entirely by RevoluGROUP’s in-house team and central bank homologated, the app features proprietary and sector-specific technology. RevoluPAY primarily targets the worldwide mobile banking sector, personal and corporate finance and burgeoning remittance market.

Two of RevoluGROUP’s most exciting verticals are its RevoluEX and RevoluSEND, which both leverage the RevoluPAY proprietary payment app in the rapidly expanding sector of crypto to fiat exchange and cheap international transfers to over 100 countries. While its RevoluEGAME platform works with RAWG offering both entire games and pay credits for over 3,000 of the most popular games worldwide. Its RevoluESPORTS platform is expected to launch in Q2 2021.

In May 2020, the company obtained its central bank approval, which gives RevoluGROUP the ability to approve any amount of funds with unlimited capacity. This exciting development comes in conjunction with the recent acquisition of the FINTRAC license for Canada. The company is presently working to obtain licensing in the US with the acquisition of the necessary money service business (MSB) licenses for 28 states.

As of May 2020, the company has wallet-to-wallet transaction capabilities in 126 countries throughout North and South America, Europe, Africa and Asia.

RevoluGROUP Canada’s management team primes the company for exceptional growth and economic success in the fintech world. The team brings together years of combined experience in international marketing, banking, fintech, technology and corporate governance.

RevoluGROUP’s Company Highlights

• RevoluGROUP is a fintech company focused on deploying advanced NeoBank technologies in several verticals, including money remittance, mobile payment apps, healthcare payments, e-gaming and esports, online credit and gift cards, Blockchain security, personal and corporate finance sectors and more.
• The company’s flagship technology is its RevoluPAY, a multinational banking app in USD, CAD and Euro with a linked Visa card. The app features proprietary, sector-specific technology that is back-end secured by Blockchain.
• RevoluGROUP allows wallet-to-wallet transaction capabilities in 126 countries around the world with plans for expansion.
• RevoluPAY provides innovative remittance services through its closed-loop system, which avoids chargeback and allows RevoluPAY e-wallet loading anywhere in the world.
• The company is currently in its deployment phase under various white-label scenarios. For example, the company intends to leverage the rapidly growing e-gaming and leisure sectors with its fintech solutions.