Profiles · Principals
- Type
- Person
- Role
- Executive
- Programs
- PPP, EIDL
- Updated
The profile
Chairman and CEO of Business Warrior Corporation (OTC: BZWR), which provided supplemental PPP application review for Blueacorn, per the House report; the company's predecessors took a PPP loan and an EIDL.
Identity and role
Rhett Doolittle is the Chairman and Chief Executive Officer of Business Warrior Corporation, a publicly traded (OTC: BZWR) small-business software company. SEC filings list him as Chairman and CEO; Jonathan Brooks is President and a director; Jeremy Keehn is Chief Technology Officer. The company describes itself as a "virtual staff" with workers "spread across the globe," using a Las Vegas, Nevada mailing address rather than a single headquarters. Elev8 Advisors helped bring Business Warrior in as a supplemental PPP loan-verification vendor for Blueacorn.
SEC filings settle the CEO identity. A January 2025 8-K on the termination of a merger is signed by Doolittle as Chairman/CEO, and Jonathan Brooks, President, is the "Business Warrior president" the House report describes pitching Blueacorn on review speed.
Biography
Doolittle's career is in payments and small-business marketing. Per Business Warrior's SEC Regulation A offering circular and his Insivia interview:
- He started in 2000 at AT&T as a client business manager.
- In 2006 he founded Entrust Bankcard, a payment-processing company. The Reg A filing credits it with a three-year revenue growth rate that put it at #18 on the Inc. 500 list of fastest-growing U.S. companies. (Entrust Bankcard is unrelated to the identity-verification firm Entrust that later bought Onfido.)
- In 2012 he co-founded and was president of MobiSquad, a mobile-marketing venture (Crunchbase).
- His degrees are cited to Crunchbase and LinkedIn; we do not have copies.
Business Warrior, in his telling, is software and managed services that tell a small business which marketing levers to pull across platforms like Facebook, Yelp, and Google, sold on a SaaS subscription.
The company and its PPP role
The shell was originally incorporated as Kading Companies, S.A. in the British Virgin Islands on October 10, 1995 (it traded as KDNG). On January 31, 2020, in a triangular reverse merger, Kading acquired Bluume LLC (doing business as Business Warrior), changed its name to Business Warrior Corporation, and redomiciled in Wyoming. Bluume is the operating company that survived; Kading was the listed vehicle whose name and listing it took over.
In the program, Business Warrior sold "verification" capacity. Its president, Jonathan Brooks, told Blueacorn executives that the company's staff could review a PPP application in roughly 90 seconds, about 40 an hour per reviewer. Business Warrior publicly promoted partnerships with Elev8 Advisors, Hownd, and Blueacorn (Newsfile release). It was paid out of Blueacorn's roughly $13.7 million eligibility-verification budget, the same line that funded Elev8 (House report), a small sum next to the $666 million the report says Blueacorn routed to its marketing firm.
Their own relief
Business Warrior took relief of its own. Its Regulation A offering circular lists, as of the August 31, 2020 fiscal year:
- a Paycheck Protection Program note of $60,600 (1% interest), and
- a separate SBA loan of $149,900, the COVID-19 EIDL.
The borrower of record on the relevant filings is the Bluume/Business Warrior entity. (The SEC filing reports $60,600 for the PPP note and $149,900 for the EIDL. ) The same filing also discloses an interest-free loan to the company from John Doolittle, the CEO's father.
Legal status / controversies
Not criminally charged. As of September 2026 there is no public indictment of Rhett Doolittle or Business Warrior in connection with PPP. The House Select Subcommittee named Business Warrior as a verification vendor and quoted its president's speed pitch, but it made no finding against the company and brought no referral specific to it that has produced a charge.
On January 26, 2024, Adam Spencer, ELEV8 Advisors Group LLC, and EVRGRN Industries LLC sued Business Warrior Corporation (including derivative claims on the company's behalf) over the parties' prior business agreements. Business Warrior, in SEC disclosures, called the suit without merit and said it was defending. That is a private commercial dispute, not a fraud finding against either.
Where they are now (2025–2026)
Business Warrior remained a micro-cap. It pursued a sale: In July 2024 it signed a merger agreement to be acquired by Innovative Payment Solutions, Inc. (OTC: IPSI), with Business Warrior shareholders to receive 45% of the combined company; the two sides terminated that agreement in January 2025. Doolittle remained Chairman and CEO through these events, and he signed the company's quarterly report filed April 30, 2025 as chief executive; that report is the last Business Warrior filing on EDGAR.
Sources held in this archive
Original source documents and archived captures
- Business Warrior Corp., Regulation A offering statement (Form 1-A/A), Feb. 12, 2021
- Business Warrior Corp., Form 8-K on the IPSI merger termination, Jan. 30, 2025
- Business Warrior Corp., Form 10-K for fiscal 2023, filed Mar. 18, 2024
- House Select Subcommittee on the Coronavirus Crisis, "How Fintechs Facilitated Fraud in the Paycheck Protection Progr...
- FY2022 financials / late-filing context net loss ~$7.6M, goodwill impairment
- Innovative Payment Solutions / Business Warrior definitive merger agreement July 29, 2024
- Doolittle career/education Entrust Bankcard, MobiSquad, ASU W. P. Carey EMBA: and
- Business Warrior Corp., Form 8-K Jan 2025 — termination of the IPSI merger, signed by Rhett Doolittle as Chairman/CEO Business Warrior Corp., Form 10-Q filed Apr. 30, 2025, Exhibit 31.1 (Doolittle certification as CEO): https://www.sec.gov/Archives/edgar/data/1830503/000147793225003135/bzwr_ex311.htm
Sources
- Business Warrior Corp., Form 1-A/A (Regulation A offering circular, 2021) — corporate history (Kading/BVI 1995; Bluume reverse merger Jan 31, 2020; redomicile to Wyoming); officers (Doolittle Chairman/CEO age 42, Brooks President/director age 35, Keehn CTO); "virtual staff"/Las Vegas address; Doolittle bio (AT&T, Entrust Bankcard 2006 / Inc. 500 #18, MobiSquad); PPP note $60,600 and SBA loan $149,900; John Doolittle loan: https://www.sec.gov/Archives/edgar/data/1830503/000147793221000781/business_1a.htm local copy
- Business Warrior Corp., Form 8-K (Jan 2025) — termination of the IPSI merger; the release names Rhett Doolittle (Chairman/CEO) and Jonathan Brooks (President) and is signed by Doolittle as Chairman/CEO: Business Warrior Corp., Form 8-K Jan 2025 — termination of the IPSI merger, signed by Rhett Doolittle as Chairman/CEO (original: sec.gov)
- Business Warrior Corp., Form 10-K (FY2023, filed Mar 18, 2024) — confirms officers, going-concern posture, and the Spencer/ELEV8/EVRGRN v. Business Warrior suit (Case No. CV2024-001136): our copy (EDGAR CIK 0001830503)
- Innovative Payment Solutions / Business Warrior definitive merger agreement (July 29, 2024): Innovative Payment Solutions / Business Warrior definitive merger agreement July 29, 2024 (original: globenewswire.com · stored capture)
- House Select Subcommittee on the Coronavirus Crisis, "How Fintechs Facilitated Fraud in the Paycheck Protection Program" (Dec 1, 2022) — Business Warrior as supplemental verification vendor and the ~90-second review pitch by its president: Report - House Report 2022 How Fintechs Facilitated Fraud Ppp (original: coronavirus-democrats-oversight.house.gov · stored capture)
- MarketScreener on the Bluume/Kading reverse merger: https://www.marketscreener.com/quote/stock/BUSINESS-WARRIOR-CORPORAT-120797841/news/Bluume-LLC-acquired-Kading-Companies-SA-in-a-reverse-merger-transaction-33993946/ local copy
- Doolittle career/education (Entrust Bankcard, MobiSquad, ASU W. P. Carey EMBA): https://www.crunchbase.com/person/rhett-doolittle-5fdd and Doolittle career/education Entrust Bankcard, MobiSquad, ASU W. P. Carey EMBA: and (original: insivia.com)
- FY2022 financials / late-filing context (net loss ~$7.6M, goodwill impairment): FY2022 financials / late-filing context net loss ~$7.6M, goodwill impairment (original: stockanalysis.com · stored capture)