Core Insights - RYVYL Inc. has secured two significant Payments-as-a-Service (PaaS) contracts, expected to onboard nearly one million new accounts over the next 12 months, enhancing its presence in Europe and supporting long-term growth [1][2][6] - The first contract has already onboarded over 1,000 accounts, with an additional 50,000+ accounts anticipated in 2025, while the second contract aims to onboard over 900,000 accounts starting Q2 2025 [1][6] - These contracts reinforce the company's revenue guidance for 2025, projected to be between 90 million, and are expected to contribute to operational efficiencies and increased gross margins [3][4] Company Overview - RYVYL Inc. is a leading provider of innovative payment solutions, focusing on enhancing business-to-business, consumer-to-business, and peer-to-peer transactions globally [5] - The company leverages electronic payment technology to create a comprehensive suite of financial products, emphasizing security, data privacy, and rapid transaction settlement [5] - RYVYL was founded in 2017 and has developed applications that support high-volume transactional records for various partners and consumers [5]
RYVYL Secures Major Payments-as-a-Service Contracts, Set to Onboard Nearly One Million New Accounts in the next 12 Months