Newnote Financial Acquires 100% Interest in Revenue Generating Online Store Builder PayIvy.com
Newnote Financial Corp. (the “Company”), (CSE: NEU;OTCQB: NWWTF; FSE: 1W4) is pleased to announce the Company has acquired PayIvy.com, a platform for merchants selling digital products and digital downloads such as e-books, software, graphic designs, web designs and intellectual property. Newnote paid CDN $260,000 in cash and stock.
Key Acquisition Highlights:
- Revenue Generating
- Closest competitor Fiverr.com raised $30 million in a Series C round led by Qumra Capital with participation from existing investors Bessemer Venture Partners and Accel Partners in 2014
- Over 10,000 Merchants strong growing by over 1000 new merchants weekly
- PayIvy has shown great growth in its first six months, reaching an Alexa ranking of 73,000
- Processing over $200,000 per month in sales while currently experiencing hyper-growth
PayIvy.com is a multi-vendor website enabling merchants to register and start selling digital products and services online within minutes. Merchants can instantly accept credit cards through PayPal as well as accepting various crypto-currencies including Bitcoin, Litecoin and Omnicoin as payment methods via Coinpayments.
Merchants can sell and publish e-books with more options to protect their digital content from online piracy. A licensing system is available for vendors to sell their software with Hardware ID locking to prevent unauthorized software distribution and sharing. Transactions and sales are recorded on-site with a messaging system for all users. A simple fraud system is added for PayPal payments helping sellers to identify fraudulent users and block them from purchasing. Custom fields are also available for sellers to collect data from customers. Other features include an advanced affiliate program for sellers looking to promote their products.
Newnote is pleased to have PayIvy.com co-founders Lode Kennes from Belgium, Ton Manh Nguyen and David Snyder from Calgary, Alberta to continue with PayIvy daily operations and development. Lode is an advanced web developer specializing in PHP, C#, ASP .NET, Java, Python, HTML, CSS, SQL and VisualBasic. David is the lead interface designer at PayIvy.com and active designer of Coinpayments.net. Ton will continue to work with developers to maintain and maximize revenue potential on PayIvy.com.
Lode Kennes states:
"Although we have experienced great growth in the past six months, PayIvy is yet to show its full potential. With the investment from Newnote, PayIvy will be able to serve more sellers with features that no other site can offer."
CEO & President of Newnote, Paul Dickson, reports:
“This is a very strategic acquisition for Newnote, each of our services will be integrated into one another utilizing our APIs. Merchants can now setup shop with PayIvy.com, Accept payments through Coinpayments.net, Convert Bitcoin-to-Cash on Cointrader.net and transfer the funds into their bank account or remit overseas instantly. Newnote’s portfolio of Bitcoin centric assets now has a combined total of over 60,000 active users engaged in various crypto-currency activities while processing nearly $2,000,000 per month in Bitcoin transactions. We haven’t fully monetized each of our services during this rapid growth period, plans to do so are imminent.”
About Newnote Financial Corp.
Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. The Company owns and operates the Cointrader.net Bitcoin Exchange, PayIvy.com Online Store Builder, CoinExchange Android App, BitVisits.com Paid-to-Surf Advertising Platform, Bitcoin ATM Machines in London, Tokyo and Vancouver in addition to several other crypto-currency related assets. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.