Market Opportunity & Strategy - The digital payment market is experiencing rapid growth, with over two-thirds of adults using digital payments [6] - The convergence of multiple payment rails is driving the next generation of global payments [6, 7] - RYVYL focuses on serving high-margin, underserved markets with a digital platform that supports multiple payment rails [3, 11, 13] - The company provides access to payment processing for merchants in high-risk, underserved verticals [13] Financial Performance & Projections - The PayFac transaction volume is projected to reach $4 trillion in 2025, with a 5-year Compound Annual Growth Rate (CAGR) of 28.4% [8] - The global digital payment market is expected to reach $361 billion by 2030, with a 7-year CAGR of 20.8% [8] - The company expects gross margin expansion from approximately 40% to the mid-40% range in 2025 [26, 33] - Revenue is expected to resume strong growth trends in 2025 [33] - The company projects $85 million in revenue for 2025 [34, 41] Platform & Services - RYVYL offers a dual payment platform as a service, including issuing and acquiring capabilities [14, 15] - The company's product portfolio includes e-wallets, prepaid debit cards, merchant acquiring, POS solutions, and banking-as-a-service [17, 18] - RYVYL's Banking-as-a-Service (BaaS) network creates a marketplace with seamless provision and access to other services [22] Financial Restructuring - The company completed a balance sheet restructuring on January 27, 2025, including a $13 million payment [36] - The company redeemed all shares of Series B Convertible Preferred Stock, with a liquidation value of $53.1 million [38] - The company partially repaid the 8% Senior Convertible Note, reducing the outstanding principal from $18.3 million to $4.0 million [38]