Independent equity research firm JGR Capital this morning announced that it has initiated coverage on Net Element, Inc. (NASDAQ: NETE), a global financial technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment spanning across point-of-sale, e-commerce and mobile devices. Key highlights from the report include the 28 percent year-over-year growth of Net Element’s North American Transactions Segment, which is largely attributable to its successes with the Unified Payments brand; the company’s recent launch of Netevia, a proprietary multi-channel payments platform; its membership in the Enterprise Ethereum Alliance, noted as the world’s largest open-source blockchain initiative; and its completion of a $7.55 million restricted common stock and warrant private placement with an institutional investor aimed at funding its ongoing blockchain initiatives.
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About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, the company’s cloud based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com
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