RYVYL Reports Record Full Year 2023 Revenue of $65.9 Million, Up 100% Compared to 2022
SAN DIEGO, CA, March 26, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, reported its financial results for the fourth quarter and fiscal year ended December 31, 2023.
- Record fourth quarter 2023 and fiscal year 2023 revenue both doubled to $22.3 million and $65.9 million, respectively, over the same time periods in 2022.
- 2023 FX and International payments had $590 million in business volume, 14% higher than the third quarter 2023.
- Q4 2023 North America revenue increased 85% to $16.6 million and international revenue increased 165% to $5.6 million, compared to Q4 2022.
- North America revenue increased 71% to $48.9 million and EU revenue increased 294% to $16.9 million, compared to 2022.