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Rezolve AI (RZLV) Strengthens AI Commerce Growth With Reward Loyalty Deal
Yahoo Finance· 2026-02-12 16:20
Group 1 - Rezolve AI PLC (NASDAQ:RZLV) has completed the acquisition of Reward Loyalty UK Limited for $230 million in cash, which is expected to be EBITDA-accretive and self-financing from completion [1][3] - The acquisition is projected to add approximately $90 million of EBITDA-accretive revenue for FY2025, significantly expanding Rezolve's current revenue base [3] - Reward's platform connects with tens of millions of active cardholders through partnerships with major institutions like Barclays and NatWest, enhancing personalized offers and loyalty experiences [3][4] Group 2 - Rezolve's CEO, Daniel M. Wagner, emphasized that integrating Reward aligns with the company's core AI commerce strategy, aiming to deepen AI engagement in retail, banking, and payment ecosystems [4] - On January 21, Rezolve closed a $250 million registered direct financing round, with investor demand exceeding the amount offered, indicating strong market interest [4][5] - The net proceeds from the financing will be used for disciplined mergers and acquisitions, global enterprise deployments, customer onboarding, and scaling infrastructure to meet production demand [5] Group 3 - Rezolve AI PLC provides generative artificial intelligence solutions for the retail and e-commerce sectors in the UK and the US, enabling dynamic, personalized consumer connections across various devices and locations [6]