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Q1 in Review: January, February and March 2023

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Q1 in Review: January, February and March 2023

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20 April 2023 • Zug, Switzerland

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What has Bivial achieved so far in Q1 2023?
During the first quarter of 2023, Bivial AG announced it achieved profitability in its first year of operations, despite the challenging economic conditions of the global markets. The company enjoyed steady growth throughout 2022, driven by strong demand for its services.

In addition, Bivial made a significant expansion of its international payment offering with the launch of 13 new currency IBAN accounts, including AED, AUD, CAD, DKK, HKD, HUF, JPY, MXN, NOK, PLN, SEK, TRY, and ZAR, to its international payment offering. This expansion of its product portfolio follows the successful launch of USD and GBP accounts in 2022, demonstrating the company's commitment to empowering digital businesses through borderless, scalable, and bespoke business accounts. The move will enable Bivial's customers to conduct business more efficiently in multiple countries and currencies, expand their reach, and open up new growth opportunities, furthering the company's goal of empowering businesses of all sizes to reach new markets and customers.

The company has also expanded its team with five new employees. These new hires have joined the team in back-office operations, account management, and partnerships. With the addition of these new team members, the company is looking forward to enhancing its operational efficiency and forging new partnerships to further strengthen its position in the market.

Which events did Bivial attend?
As a leading provider of online payment solutions, offering a range of products and services to help businesses manage their financial transactions, it is important to stay connected, network with partners and clients, and stay on top of industry trends. Bivial's CEO, Martynas Bieliauskas, attended the ICE London event in February - a meeting place for professionals from all over the world to showcase the latest products, technology, and services in the gaming industry.

Additionally, the Bivial team attended the Affiliate World Conferences in Dubai on March 1-2, 2023. The event is a top affiliate marketing industry conference that brings together industry leaders, experts and entrepreneurs from around the world.

The team looks forward to networking with fellow professionals and exploring new business opportunities at this year’s events.

What to expect in Q2 2023?
Bivial has built an elegantly designed product on proprietary software and has an organic operating model with a focus on delivering innovative solutions that meet the evolving needs of its customers and partners. One of Bivial’s main goals is to add more currency corridors and automate more processes. Bivial strives for continuous and iterative improvements to its product offering and all aspects of the business. This will enable the Bivial team to focus on additional tasks and projects that can help improve the efficiency of its products and the overall service, as it is a crucial part of growing and sustaining a business model.

We are excited about our company's progress so far and the opportunities that lie ahead.

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A Swiss account environment for global payments.

Bivial AG is a deposit-taking financial institution authorised by the Swiss Financial Market Supervisory Authority (FINMA) under the Swiss Federal Banking Act, Article 1b

Bivial AG, Industriestrasse 24, CH-6300 Zug, Switzerland

Representative Office - Zürich: Bivial AG, Freigutstrasse 20, CH-8002 Zürich, Switzerland

SWIFT (BIC) Code: KLARCH22XXX

Swiss Interbank Clearing IID: 830414

Swiss QR-IID: 311015


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