RYVYL Inc. Company Profile

Background

Overview

RYVYL Inc., formerly known as GreenBox POS, is a financial technology company specializing in blockchain-based payment solutions. Established in 2017 and headquartered in San Diego, California, RYVYL focuses on developing secure, integrated payment processing systems that cater to businesses and consumers globally. The company rebranded from GreenBox POS to RYVYL in October 2022 to better reflect its expanded product offerings and strategic direction.

Mission and Vision

RYVYL's mission is to revolutionize financial transactions by leveraging blockchain technology to provide secure, transparent, and efficient payment solutions. The company's vision is to empower businesses and consumers worldwide with innovative financial products that enhance operational efficiency and foster economic growth.

Primary Area of Focus

RYVYL specializes in developing end-to-end payment processing systems that integrate blockchain technology to ensure security, data privacy, and rapid transaction settlements. Their solutions are designed to serve various industries, including retail, e-commerce, financial services, logistics, and healthcare.

Industry Significance

As a pioneer in integrating blockchain with payment processing, RYVYL holds a significant position in the fintech industry. Its innovative approach addresses the growing demand for secure and efficient payment solutions, positioning the company as a key player in the evolving digital payments landscape.

Key Strategic Focus

Core Objectives

Global Expansion: RYVYL aims to extend its reach across North America, Europe, and Asia, providing scalable payment solutions tailored to diverse market needs.

Technological Innovation: The company is committed to continuous innovation, enhancing its blockchain-based payment platforms to offer cutting-edge features and maintain a competitive edge.

Customer-Centric Solutions: RYVYL focuses on developing products that address the specific requirements of businesses and consumers, ensuring user-friendly and efficient payment experiences.

Specific Areas of Specialization

Blockchain Integration: Utilizing blockchain technology to enhance security, transparency, and efficiency in payment processing.

Payment Processing Systems: Developing comprehensive solutions that facilitate seamless transactions across various platforms and industries.

Financial Products Suite: Offering a range of financial services, including merchant services, card issuing, and treasury management.

Key Technologies Utilized

Blockchain Ledger Technology: Ensuring secure and immutable transaction records.

Smart Contracts: Automating and securing contractual agreements within the payment ecosystem.

Tokenization: Enhancing transaction security by converting sensitive data into secure tokens.

Primary Markets Targeted

Retail and E-Commerce: Providing payment solutions that cater to both online and in-store transactions.

Financial Services: Offering secure and efficient payment processing for financial institutions.

Healthcare and Logistics: Developing specialized payment systems to meet the unique needs of these sectors.

Financials and Funding

Funding History

RYVYL has secured substantial funding to support its growth and technological advancements. In July 2025, the company announced a $6.0 million public offering, including 15,384,615 shares of common stock priced at $0.39 per share.

Total Funds Raised

The company has raised a total of $163.1 million in funding to date.

Notable Investors

RYVYL's investor base includes entities such as S8 Global Fintech & Regtech Fund (Luxembourg), which reported holding more than a 10% ownership position in July 2025.

Utilization of Capital

The capital raised has been allocated towards technological development, market expansion, and strategic acquisitions to enhance RYVYL's product offerings and global presence.

Pipeline Development

Key Pipeline Candidates

RYVYL's pipeline includes the development of advanced blockchain-based payment processing systems and the expansion of its financial products suite to address emerging market needs.

Stages of Development

The company is in the advanced stages of product development, with several solutions undergoing testing and refinement to ensure market readiness.

Target Conditions

RYVYL's products are designed to cater to various industries, including retail, e-commerce, financial services, logistics, and healthcare, addressing the specific payment processing challenges within these sectors.

Anticipated Milestones

Product Launches: Scheduled releases of new payment solutions and financial products.

Market Expansion: Entry into new geographic markets and industry verticals.

Strategic Partnerships: Formation of alliances to enhance product offerings and market reach.

Technological Platform and Innovation

Proprietary Technologies

RYVYL Fabric: A proprietary blockchain-based ledger that ensures secure and transparent transaction processing.

Coyni Platform: A USD-pegged stablecoin technology integrated with near real-time attestation, enhancing transaction speed and reliability.

Significant Scientific Methods

Blockchain Integration: Utilizing blockchain technology to enhance security, transparency, and efficiency in payment processing.

Smart Contracts: Automating and securing contractual agreements within the payment ecosystem.

Tokenization: Enhancing transaction security by converting sensitive data into secure tokens.

Leadership Team

Key Executives

Fredi Nisan: Co-Founder and Chairman.

Ben Errez: Co-Founder and CEO.

George Oliva: Chief Financial Officer, Interim Chief Executive Officer, and Director.

Robert Jaquette Houghton Jr.: Chief Technology Officer.

Vivian Estrada: Director of Human Resources.

Bryan Rowland: Head of Risk Management.

Dennis Croup: Senior Vice President of Payments.

Competitor Profile

Market Insights and Dynamics

The global digital payments market is experiencing rapid growth, with projections estimating it will reach $618.5 billion by 2033, up from $144.9 billion in 2024, representing an annualized growth of 17.5%.

Competitor Analysis

PayPal Holdings, Inc.: A leader in digital payments offering various services that overlap with RYVYL's offerings, including payment processing and digital wallet services.

Square, Inc.: Provides a suite of financial services and payment processing solutions similar to RYVYL, focusing on small to medium-sized businesses.

Stripe, Inc.: Specializes in payment processing software and APIs for e-commerce, favored by startups and tech-savvy businesses.

Strategic Collaborations and Partnerships

RYVYL has engaged in strategic partnerships to enhance its product offerings and market reach, including collaborations with financial institutions and technology providers to integrate its payment solutions into diverse platforms.

Operational Insights

RYVYL differentiates itself through its blockchain-based payment processing systems, offering enhanced security and transparency compared to traditional payment processors. However, it faces competition from well-established fintech companies with larger resources and market presence.

Strategic Opportunities and Future Directions

RYVYL plans to leverage its proprietary technologies to expand into new vertical markets, enhance its product suite, and strengthen its position in the global digital payments landscape. The company is also exploring opportunities for strategic acquisitions and partnerships to accelerate growth and innovation.