Welcome to our dedicated page for Onfolio Holdings news (Ticker: ONFO), a resource for investors and traders seeking the latest updates and insights on Onfolio Holdings stock.
Onfolio Holdings Inc. (Nasdaq: ONFO) actively manages a diverse portfolio of small online businesses. Focused on sectors with long-term growth potential, Onfolio targets companies that exhibit stable and positive cash flows, minimal risks of technological obsolescence, and strong existing management teams.
The company's strategy involves acquiring and growing businesses that have not been fully optimized by their previous owners. This allows Onfolio to add significant value through its expertise and resources. Notably, the company emphasizes acquisitions where the seller has not maximized the business’s potential, creating opportunities for growth and efficiency improvements.
Recent achievements include a successful fundraising via Series A preferred shares and promissory notes, which enabled the acquisition of RevenueZen on January 1, 2024. This acquisition is part of Onfolio's broader strategy to reduce expenses and streamline operations, aiming for profitability despite economic headwinds.
In 2023, Onfolio faced challenges due to limited capital availability and high interest rates. However, the company navigated these hurdles and improved its financial condition. A significant milestone was the formation of a joint venture, the Onfolio Agency SPV, to co-invest in upcoming acquisitions. This venture aims to leverage private accredited investors to secure necessary capital without diluting existing shareholders.
Among its portfolio, Onfolio recently acquired DDS Rank, a digital marketing company that serves dentists with services like SEO, paid advertising, and web design. DDS Rank generated approximately $310,000 in revenue in 2023, and Onfolio expects to double this through enhanced marketing and operational improvements.
Financially, Onfolio continues to make strides. The company reports substantial revenue growth compared to 2022 and anticipates achieving profitability by requiring less upfront capital for acquisitions. By optimizing its existing portfolio and continually exploring new acquisition opportunities, Onfolio aims to offer stable returns to its investors.
For more information about Onfolio Holdings Inc., visit www.onfolio.com.
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