---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-049833"
form_type: "8-K"
ticker: "OLB"
cik: "0001314196"
company_name: "OLB GROUP, INC."
filed_at: "2023-06-20T23:59:59+00:00"
generated_at: "2026-06-13T20:52:14.701062+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# OLB Group acquires 80.01% of SDI platform for $850k; gains access to 31,600 retail locations

## Summary
- Paid $850,000 for 80.01% membership interest in Cuentas SDI, LLC from SDI Black 001, LLC.
- SDI network includes approximately 31,600 bodega and convenience store locations in the USA.
- Initial goal to onboard 1,000 prime locations near mass transit in NY, NJ, CT tri-state area.
- Plans to rebrand as part of OLB Payment Platform and offer POS, reload, loans, and digital wallet services.
- Jeff Jorgge hired as VP of Sales to lead distribution; 15 years industry experience.

## SEC filing metadata
- accession: 0001213900-23-049833
- form_type: 8-K
- ticker: OLB
- cik: 0001314196
- company_name: OLB GROUP, INC.
- filed_at: 2023-06-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1314196/000121390023049833/0001213900-23-049833-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1314196/000121390023049833/ea180433-8k_theolbgroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-049833
- JSON: https://secwatch.observer/filing/0001213900-23-049833.json
- Plain text: https://secwatch.observer/filing/0001213900-23-049833.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.