Welcome to our dedicated page for Gainclients news (Ticker: GCLT), a resource for investors and traders seeking the latest updates and insights on Gainclients stock.
GainClients, Inc. (GCLT) delivers specialized technology solutions for real estate transactions, including its industry-leading Remote Deposit Capture Tool. This page aggregates official announcements and strategic developments from the Tucson-based innovator, serving as a comprehensive resource for tracking the company's progress in modernizing earnest money processes.
Investors and industry professionals will find curated updates on client expansions, product enhancements, and partnerships with major financial institutions. Recent highlights include multiple client acquisitions demonstrating growing adoption of GCLT's contactless transaction solutions across title companies and escrow services.
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TUCSON, AZ / ACCESSWIRE / March 30, 2023 / GainClients (OTC PINK:GCLT) announces the launch of its 70th customer website and 13th bank connection, partnering with the Bank of the West. CEO Ed Laine emphasized their digital earnest money capture solution, enhancing real estate transactions. March marked a record month with over 600 earnest money deposits collected. GainClients' Remote Deposit Capture Solution is operational with 12 banks, reducing costs for title companies and real estate agents. The company continues to develop its technology solutions, aiming to address market challenges and grow its client base.
GainClients (OTC PINK:GCLT) announced its fiscal year 2022 results, revealing a remarkable 28x increase in sales and a return to gross profit after previous losses. The company doubled its customer base and expanded its service branches from 32 to 66. Notably, the number of checks scanned surged from under 200 in 2021 to over 4,000 in 2022, despite market slowdowns. GainClients continues to enhance its Remote Deposit Capture Solution, now operational with 12 banks, and is working on integrations with three additional institutions. This growth positions GainClients as a key provider in the real estate tech sector.
GainClients, Inc. (OTC PINK:GCLT) announced a significant milestone by establishing a connection with Jack Henry & Associates, a key player in financial technology solutions. This partnership marks the addition of their 69th branch customer, Independent Bank, and further expands their reach to 69 offices across four states. Despite challenges in the residential real estate market, GainClients has reported substantial growth, with 4,000 earnest money deposits collected in FY 2022. Their solutions, including the Remote Deposit Capture Solution, streamline deposit processes, saving costs and enhancing efficiency for title companies. GainClients aims to leverage this growth amidst ongoing industry changes.
GainClients has achieved significant milestones, announcing the completion of its 11th Bank Connection and the launch of its 66th Branch Connection. The addition of First Financial Bank allows them to connect with 11 banks, enhancing their Remote Deposit Capture Solution for Title and Escrow Companies. This tool facilitates easy earnest money deposit collection, addressing the long-standing issue of dormant funds. GainClients generates revenue from setup, monthly platform, and deposit fees, promising substantial savings for real estate agents and title companies.
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