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UPDATE -- Rezolve Ai Smashes Past $50 Billion in GMV in Explosive Start to 2025, Over 50 Major Enterprises Now Live and Scaling
Globenewswire· 2025-04-24 13:41
Core Insights - Rezolve Ai reported immaterial revenue for 2024 as it focused on establishing a strategic foundation for commercial scale, with significant growth in platform usage expected in 2025 [1] - The company is now operational with over 50 enterprise customers, including notable brands like Liverpool and KFC, indicating strong market traction [2] - The CEO emphasized that 2025 marks a pivotal year for retail AI, with the platform driving billions in commerce and accelerating demand for AI-powered engagement [3] Financial Performance - Rezolve Ai's financial foundation was strengthened in 2024 through a $59 million debt-to-equity conversion, a $15 million growth capital raise, and a new $30 million loan facility [7] - The company secured a $9.8 million annual contract with Liverpool Mexico, contributing significantly to 2025 revenues [8] Platform Metrics - As of 2025, Rezolve's technology is embedded in over 41.9 million consumer devices, with 16.5 million monthly active users [9] - The platform has processed over $50 billion in Gross Merchandise Value (GMV) this year, averaging $3.3 billion per week, with over 13.5 million transactions executed year-to-date [10] - The platform delivered over 8 billion API calls, an 80% increase year-on-year, and 27.9 million GeoZone triggers for context-aware promotions [10] Strategic Outlook - Rezolve Ai anticipates achieving a $100 million estimated Annual Recurring Revenue (ARR) target by year-end 2025, driven by new deployments and contracts [12] - The company is focused on disciplined capital allocation while remaining open to strategic acquisitions that enhance value [13]
Rezolve Ai Smashes Past $50 Billion in GMV in Explosive start to 2025, Over 50 Major Enterprises Now Live and Scaling
Globenewswire· 2025-04-24 12:00
NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Rezolve Ai (NASDAQ: RZLV), the company reinventing retail through real-time AI-driven consumer engagement, today announced its financial results for the year ended December 31, 2024. As expected, revenue for 2024 was immaterial, with the company focused on laying the strategic foundation for commercial scale. Rezolve believes that scale has now arrived with the opening months of 2025 delivering explosive growth in platform usage and measurable impact. Rezolve Ai ...
Rezolve Ai Smashes Past $50 Billion in GMV in Explosive start to 2025, Over 50 Major Enterprises Now Live and Scaling
Newsfilter· 2025-04-24 12:00
Core Insights - Rezolve Ai reported immaterial revenue for 2024, focusing on establishing a strategic foundation for commercial scale, with significant growth in platform usage expected in 2025 [1][3] - The company is now operational with over 50 enterprise customers, including notable brands like Liverpool and KFC, indicating strong market traction [2][3] Financial Performance - The company achieved a $59 million debt-to-equity conversion, a $15 million growth capital raise, and secured a new $30 million loan facility, enhancing its financial stability [7] - Rezolve Ai anticipates reaching a $100 million estimated Annual Recurring Revenue (ARR) by year-end 2025, driven by new contracts and deployments [12] Platform Metrics - As of 2025 YTD, Rezolve's platform processed over $50 billion in Gross Merchandise Value (GMV), averaging $3.3 billion per week, with over 13.5 million transactions executed [10] - The platform is embedded on 41.9 million consumer devices, with 16.5 million monthly active users, and has delivered over 8 billion API calls, reflecting an 80% year-on-year increase [9][10] Strategic Initiatives - Rezolve Ai has formed strategic partnerships with Microsoft and Google, and launched a transformative crypto payment initiative with Tether [11] - The company is committed to disciplined capital allocation while remaining open to acquisitions that provide strategic value [13]