Newport Beach, Calif., Dec. 31, 2024 (GLOBE NEWSWIRE) — GivBux, Inc. (OTC: GBUX), a leading Super App that combines instant messaging, social media, mobile payments, and charitable giving, today announced a shareholders letter from its President, Umesh Tim Singh. The letter reviews significant milestones achieved in 2024 and provides an outlook for 2025.
Dear GivBux Shareholders, Partners, and other Stakeholders:
2024 has been a pivotal year for GivBux as we strengthened our foundation and expanded our capabilities to deliver a seamless experience for users. GivBux simplifies mobile payments, gifting, and rewards, enabling users to send and receive rewards or eGifts from over 250,000 merchant locations, including stores, restaurants, and entertainment venues.
The GivBux Super App allows users to earn cash-back rewards while automatically contributing a percentage of their rewards to their favorite charities. As a result, GivBux fosters a socially responsible giving community benefitting customers, merchants, and charities alike.
In addition to seamless gifting and global peer to peer messaging, we forged impactful relationships with major corporations further amplifying our reach and influence. Users financially benefit by inviting friends and family to join, creating a dynamic and expanding network of contributors that we refer to as Givers. As we look ahead to 2025, with much of the business structure already in place, GivBux remains committed to driving innovation in the Super App space and delivering value to our users, merchants, charities and shareholders. We are committed to incorporate the following new features in 2025 further solidifying our Company’s position as a leader in fintech and charitable giving:
Regulatory Compliance and Market Positioning
- SEC Reporting Status: In December, GivBux filed its audited financial statements with the U.S. Securities and Exchange Commission (SEC), attaining fully reporting company status. This achievement underscores our commitment to financial transparency and positions us for broader investor engagement.
- OTCQB Application: The company has submitted an application for review to OTC Markets for listing on the OTCQB, aiming to enhance our visibility and credibility within the investment community.
- User Rewards and Giving:
We continued to promote our “It Pays to Give” philosophy, enabling users to earn cash back on their personal and network purchases and contribute to charities of their choice, fostering a community of givers.
Planned Features for 2025
The following improvements are planned for release in Q1 and Q2 2025.
Technological Enhancements
- Super App Version 5.0: We announced today plans for Version 5.0 of the GivBux Super App, featuring:
- Direct Fund Loading: Technology allowing users to load funds directly from their bank accounts, credit and debit cards, in addition to cash deposits, wire transfers, or third-party apps such as Zelle or Venmo. Q1
- Biometric Identity Verification Platform: A cutting-edge platform reducing friction and improving security for users, enabling quick verification and seamless access to online accounts from any device connected to the cloud. Q1
- Instant Identity Verification and Financial Data Integration: Enabling users to confirm account balances in real-time, avoiding overdrafts when making purchases or transfers. Q1
- GivBux Global Business Integration: Improvements allowing integration of the GivBux Global affiliate program into the Super App, providing affiliates with tools to enroll merchants and monitor business activities seamlessly. This would allow GivBux Global affiliates to grow our merchant network with local retailers and increase our community outreach. Q1
- Marketing Campaigns: An extensive online marketing campaign featuring high-level social media influencers from various sectors, including entertainment and philanthropy, to expand our user base and community engagement. Q1
- Cloud Biometrics: Real-time cloud storage for user data, enabling access from any device. Q1
- Augmented Reality (AR): Integrating AR components to enrich user experience through branding enhancements, social sharing, and interactive features. Q2
- Enhanced Communication: Updated voice, video, and chat functionalities, including multiuser video calling and messaging. Q2
- Social Media Capabilities: Allowing users to create and share content within the GivBux community. Q2
Community and User Engagement
- Merchant and Charity Support: Planned Enhanced usability features for local merchants and charities by integrating training resources into the app, facilitating efficient onboarding and engagement for release in Q1 2025
- GivBux intends to foster a shared economy by uniting top merchants and brands on a single platform, offering users cash-back rewards, boosting sales for businesses, and increasing support for charitable causes. The company also plans a large-scale expansion of our “It Pays to Give” philosophy as we increase the advertising revenue-sharing benefit for users.
At GivBux, our mission is to build the world’s largest community of givers while allowing users to earn as they spend, send and receive rewards or eGifts from over 250,000 merchant locations, including stores, restaurants, and entertainment venues. To achieve this, we are focused on creating the most functional and user-friendly Super App, making it an essential tool for daily life while seamlessly integrating automated charitable giving.
On behalf of GivBux, I sincerely thank you for your trust and confidence.
Sincerely,
Umesh Tim Singh
President
GivBux, Inc
ABOUT GIVBUX, INC:
The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly and easily at over 100 national retailers, along with an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed towards a charity of their choice, embodying GivBux Inc.’s commitment to “give back.”
The GivBux Super App is free to use and available now at Google Play Store (Android) and the Apple App Store (IOS). The GivBux Super App is constantly evolving and adding new enhancements and functionalities, including social networking, e-commerce, banking, messaging, food delivery and transportation.
GivBux is forging a new path in ecommerce and charitable giving and aspires to build the largest community of givers, first in the United States and eventually worldwide. For more details and regular updates, visit https://givbux.com.
This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by GivBux, Inc. in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. The Company intends that all statements included herein, including those referring to future revenues and earnings, be subject to the “Safe Harbors” provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Umesh Singh, President
Email: ir@Givbux.com
http://www.GivBux.com
Instagram: https://www.instagram.com/givbux/
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