Retail tech company Rezolve AI (RZLV) says it’s on track to hit $100 million in annual recurring revenue (ARR) by the end of the year, thanks to new enterprise partnerships and rising demand for AI e-commerce tools.
The UK-based firm, which debuted on Nasdaq in August, builds a mobile-first engagement platform that helps e-commerce retailers interact with consumers in real time.
In its 2024 earnings report, the company said its 2024 revenue was “immaterial” as it focused on laying “the strategic foundation for commercial scale.”
That foundation now includes more than 50 enterprise clients, among them retail giant Liverpool Mexico, the Phoenix Suns, BJ’s Wholesale, Ace Hardware, Discount Tire, RS Components, KFC, and Coles.
“This is the year retail AI goes from promise to reality,” said CEO Daniel M. Wagner.
“Our platform is now powering billions in commerce for household-name retailers, and we’re seeing demand accelerate as our partners unlock the value of real-time, AI-powered engagement at scale.”
The company integrates directly into mobile apps, enabling personalized content, promos, and purchases on the spot.
So far this year, over $50 billion in gross merchandise value (GMV) has flowed through its platform, averaging $3.3 billion per week.
Rezolve AI’s tools facilitate more than 13.5 million transactions and 16.5 million monthly active users across 41.9 million devices.
“We are now at the center of a retail AI revolution delivering massive value to retailers, measurable returns, and scaling at a pace that redefines industry expectations,” Wagner said.
Despite the bullish news, Rezolve AI stock is down 36.4% year to date.
"Historic" partnership and classic pivot to crypto
Rezolve's biggest breakthrough this year is a recently announced $9.8 million annual contract with Liverpool Mexico. The company called it “one of the most significant customer wins in its history.”
Rezolve has also partnered with Google and Microsoft to expand global reach. Its Brainsuite AI software is now available on both Google Cloud and the Microsoft Azure Marketplace.
In a move that is increasingly common among small caps, Rezolve is also betting on crypto.
In February, the company launched a planned $1 billion bitcoin treasury reserve with Tether, kicking things off with a $100 million investment.
The goal is to build a crypto payment platform that will allow point-of-sale transactions in bitcoin, tether, and other digital assets later this year.
“This is more than an investment; it’s a statement of intent,” Wagner said. “We’re not just embracing the future of finance; we’re building it.”
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