GreenBox POS Announces the Completion of the ChargeSavvy LLC Acquisition

GreenBox POS | July 14, 2021

GreenBox POS, an emerging financial technology company that uses proprietary blockchain security to build customized payment solutions, has completed its previously announced acquisition of ChargeSavvy LLC. This financial technology firm specializes in retail payment processing and POS systems. The acquisition is immediately accretive, adding more than $3 million in net income to the Q3 2021 financial results over Q2. The acquisition also strengthens GreenBox's financial sheet by providing a significant cash surplus.

ChargeSavvy offers a strong merchant client portfolio and a POS system with biometric technology for fraud prevention. The result is a best-in-class POS and payment processing solution when combined with the GreenBox blockchain ledger and stablecoin technology.

The equity partners of ChargeSavvy have been retained to continue operating the subsidiary as it grows exponentially. During the due diligence period, the two companies worked through personnel, operational, and client onboarding integration issues, enabling GreenBox to achieve synergies and continue its fast development trajectory rapidly.

About GreenBox POS
GreenBox POS is a new financial technology firm that uses unique blockchain security to provide customized payment solutions. The Company's applications allow an end-to-end suite of turnkey financial products for its merchant clients, reducing fraud and increasing the efficiency of managing large-scale commercial processing volumes.

About ChargeSavvy
ChargeSavvy is a Fintech firm that specializes in payment processing and software for the merchant services industry. The Company's unique point of sale product offers specialized retail merchants an all-in-one solution for managing client transactions, as well as additional capabilities to protect against chargebacks and fraud. The Company also provides software for e-commerce and delivery transactions.


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