On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Independent Researchers at SeeThruEquity Take Note of Advances at Payment Solutions Company Net Element, Inc. (NASDAQ: NETE)

  • Rise in transaction volume, product enhancements and asset acquisition show Net Element’s ongoing growth strategy
  • SeeThruEquity labels Net Element an ‘intriguing’ high-risk, high-reward growth company with stable share price target
  • Since 2014, Net Element’s revenues from payment processing services have nearly tripled

A series of optimistic developments for payment tech processor Net Element, Inc. (NASDAQ: NETE) has led independent equity research firm SeeThruEquity to issue an update of its coverage on the company (http://ccw.fm/BQW1p). The research firm is taking note of Net Element’s forecast for an increase in gross profits based on its acquisition of services assets from partner Universal Payment Systems (“UPS”), an approximately 40 percent increase in its trading volume and number of transactions, and its addition of a smart security function in its business-to-business vendor payment platform Netevia (www.Netevia.com).

“NETE’s announcements suggest the company continued to identify growth initiatives, as evidenced by growth in transaction volume, new product enhancements, and the UPS deal announcement,” SeeThruEquity wrote (http://ccw.fm/o4gGf), labeling the company an “intriguing” high-risk, high-reward growth company in the financial technology space.

Net Element is a company that serves small to medium enterprises through its innovative productivity-generating platforms. Its expertise in generating multi-payment channel possibilities to consumers extends to mobile technology, linking brick and mortar business, as well as unbanked, web-based businesses, to their customers. The company also provides transaction analysis capability to help businesses optimize their revenue streams.

The transaction growth reports cited by SeeThruEquity show that, during the first half of 2018, Net Element outperformed its first-half 2017 results, processing $1.62 billion in transactions over the previous $1.18 billion transaction mark. The number of transactions processed by the Netevia platform grew from 35.7 million to 50.2 million, a sign that the platform is increasingly being adopted for completing financial transactions. Since SeeThruEquity began coverage on Net Element in 2014, its annual revenues have increased from $21.2 million to $60.1 million.

The $2.7 million UPS deal is expected to generate $5 million in gross profits alone over the next four years, with ongoing profit contribution thereafter. UPS is a California-based provider of bankcard payment processing services and value adds, and the deal transfers a suite of solutions to Net Element.

SeeThruEquity continues to hold to a share price target of $25 for the company. During the past year, shares have fluctuated between $2.60 and $33.51, but the $25 mark would generate a value of 1.3 times the estimated revenues of $72.1 million this year, the agency states.

For more information, visit the company’s website at www.NetElement.com

More from CryptoCurrencyWire

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

CryptoCurrencyNewsWire is where News, content and information converge via Crypto.

For more information, please visit https://www.cryptocurrencywire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
212.994.9818 Office

Share This Page


Select A Month

Official NewsWire Relationships

Anarchapulco Main Event Blockchain Africa Conference Blockchain Futurist Conference Blockchain Life Conference Blockchain Shift Coingenius Coinvention CryptoBlockConCryptoFest European Blockchain Convention EVOLV - evolve.events Finovate nftexpoverse Paris Blockchain Week The North American Bitcoin Conference Virtual Blockchain WeekThe Voice of Blockchain World Crypto Conference

CryptoCurrencyWire Currently Accepts



Bitcoin Cash

Bitcoin Cash

Doge Coin






USD Coin

USD Coin

Contact us: 212.994.9818