Net Element, Inc. (NASDAQ: NETE) Reports Increase in Revenues, Acquires $2.7M in Cash Flow Assets

August 8, 2018 11:35:56
  • NETE subsidiary United Payments acquires cash flow assets totaling $2.7 million
  • Recent financial performance shows that NETE increased revenues in Q1 2018 by 17.85 percent
  • One-stop omni-channel processing solution with 100-plus payment solutions
  • Global business-to-business sales estimated at $7.7 trillion, compared to $2.3 trillion business-to-consumer market

Net Element, Inc. (NASDAQ: NETE) expects a recent acquisition, purchased through subsidiary Unified Payments, to generate well over $5 million in gross profits over the next four years, with recurring profits expected to continue to enhance the company’s profit margins, the company stated in a news release ( As a global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment spanning across point-of-sale, e-commerce and mobile devices, Net Element continues to challenge the status quo by delivering flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions.

Net Element’s all-in-one payment solutions support a wide range of applications through a single, robust platform designed to help small- and medium-sized businesses around the…

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