- Net Element is looking forward to continued growth in 2018
- 2017 held a number of accomplishments, including the company’s strongest balance sheet and a $7.55 million investment
- Over the past year, Net Element has produced important product launches in the U.S. and internationally
Net Element, Inc. (NASDAQ: NETE) is looking forward to continual development and delivery of innovative payment solutions in 2018 and beyond. According to a recent press release (http://ibn.fm/pyT6n), last year provided the company with its strongest balance sheet on record. In 2017, Net Element re-focused business initiatives internationally and saw organic growth across all categories. In a news release, CEO Oleg Firer said that the company’s leadership team is very pleased with the progress made and looks “forward to significant accomplishments in 2018 to include the addition of blockchain technology that will act as a framework for an unlimited number of value-added services.” According to Firer, the future looks promising as the company remains focused on the execution of its long-term objective “to create a single, international on-boarding and transaction processing platform across payments ecosystems.”
In 2017, the company received a $7.55 million institutional investment, supporting continued organic growth and ensuring full scalability of its platform, as well as blockchain-focused developments. Deloitte’s 2017 Technology Fast 500™ ranked Net Element as one of the fastest-growing companies in North America. The year before, 2016, South Florida Business Journal ranked Net Element as one of the fastest-growing technology companies. When Hurricane Irma hit, the company was ready and able to support affected Florida SMB merchants with free mobile point-of-sale credit card readers. Net Element works to provide virtually seamless payment solutions and powerful problem-solving expertise to the small to medium enterprises it serves. The $7.55 million investment has put the company in position to continue achieving organic growth as it moves forward with innovative blockchain developments.
The company competes in highly competitive market segments using innovative technology at the core of its products. In 2017, Net Element launched several successful products to better the user experience. The products launched exclusively in the United States included a same-day ACH payment processing solution, a zero-fee processing program for SMB merchants and PayOnline’s support for electronic commerce. In Russia, the company launched Apple Pay support. Additional product launches included loyalty programs for merchants; a payment acceptance module for Telegram, Viber and Facebook; VK instant messenger apps; a comprehensive point-of-sale program during Unified Payments’ 2017 Launch Series at the Northeast Acquirers Association event; and an ISO incubator program for certified resellers of Unified Payments. NETE also expanded payment modules to include Prominent InSales.
Net Element has goals in the United States and internationally. In the U.S., it seeks to grow transactional revenue. By using blockchain technology and Aptito, a cloud-based, restaurant and retail point-of-sale solution, the company aims to grow transactional revenue. Internationally, it leverages an omni-channel platform, delivering flexible offerings to emerging markets.
For more information, visit the company’s website at www.NetElement.com
