Agoracom Blog

VIDEO – Fobi To Acquire Portugal Based Digital Wallet And Mobile Marketing Company, Brings Tier-1 Clients and Immediate Revenue

Posted by AGORACOM-JC at 5:52 PM on Wednesday, December 8th, 2021
Whatsapp image 2021 06 01 at 12.42.51 pm

FOBI AI is a global leader in digital wallet pass technology that delivers real-time data analytics and engagement through artificial intelligence to drive customer activation and engagement in stores, stadiums, arenas, hotels and other large venues around the world.  

More than just lip service, these are just a sample of the major milestones reached by $FOBI as of the end of November:

  • 293% Increase In First Quarter Revenue 
  • Signed Agreement With Caddle, Canada’s Largest Mobile-First Insights Marketplace App To Target And Engage CPG Brands and Grocery Retailers
  • Signed Deal to Provide Digital Vaccination and Testing Verification Solution for Sammy Hagar’s Sold Out Shows at The STRAT Hotel, Casino & SkyPod in Las Vegas
  • Signed CheckVax(TM) Deal With the University of Nevada, Las Vegas for Men’s and Women’s NCAA Basketball Games
  • Closed Acquisition of PassWallet
  • …. and so much more

The company released it’s Q1 (ending Sept 30) results with a 293% increase in first quarter revenue.

  • Revenue increased substantially from $147,533 in Q4 to $580,317 in Q1.

But wait, that’s not all…

Fobi Announced Signing Of Amazon Fulfillment And Business Seller Agreement.

By joining Amazon Business, Fobi immediately reaches over 5 million business customers in nine countries: a network that Fobi is very proud to now be included in. Fobi will now generate additional revenue through hardware, products and services sold on Amazon Business.

And if that is not enough…

The Company signed LOI To Acquire Passworks, A Portugal Based Leading European Digital Wallet And Mobile Marketing Company With Tier-1 Global Clients

Rob Anson, Fobi CEO stated : “Acquiring Passworks will not only enable us to further accelerate our business strategy as we consolidate the wallet pass industry, but it will also provide us with direct and immediate access to very valuable customers, with additional operational capacity and provide further immediate revenue. This strategic acquisition of Passworks represents another key step for us in terms of achieving our goal of becoming a global mobile Wallet pass leader.”

Sit back, relax and watch this powerful interview with CEO Rob Anson.

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