- Net revenues in Q1 2018 increased 18 percent over Q1 2017 to $16 million
- Total transaction dollars processed globally during Q1 2018 increased 51 percent to $839 million
- Named as one of the fastest-growing companies in North America on Deloitte’s 2017 Technology Fast 500
- Launched Netevia, a future-ready, multi-channel payments platform, to provide same business-day settlement and funding for merchants
Net Element, Inc. (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment, continues to reach competitive milestones across all segments of its core business, according to the company’s May 15 conference call with investors (http://nnw.fm/nGC2w). Financial results for the first quarter ended March 31, 2018, show that Net Element continues to experience organic growth, with net revenues increasing to $16 million, an increase of 18 percent over the same period last year.
“We are pleased to have made a strong start to the year, becoming more competitive for our sales partners and merchants while continuing to deliver growth,” Oleg Firer, CEO of Net Element, said during the call…
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