Category Archives: Financial Services

Financial Services

Financial, Financial Services, Financial Software, Security

FlyLink Enhances Online Transaction Security and Convenience for Global Shoppers

BEIJING, China, 4-Dec-2024 — /EuropaWire/ — As the digital economy grows, so does the risk of online fraud, identity theft, and financial losses. FlyLink steps up as a powerful solution, offering users a secure, efficient, and hassle-free online payment experience. With state-of-the-art encryption, real-time fraud prevention, and comprehensive data protection, FlyLink provides a trusted platform for safe digital transactions.

In the face of rising cybersecurity threats, such as phishing and malware attacks, FlyLink’s robust security measures ensure peace of mind for both consumers and businesses. The platform’s real-time fraud detection system, enhanced by machine learning, rapidly identifies and blocks suspicious activity, reducing the risk of fraudulent transactions.

In addition to its security capabilities, FlyLink offers a seamless user experience, supporting over 60 payment methods and 70+ currencies, making cross-border transactions straightforward and accessible. Its user-friendly interface and streamlined checkout process make it ideal for global shoppers and businesses alike, while the platform’s compatibility with major social media platforms like Instagram and Facebook ensures convenience at every step.

With more than 19,000 successful transactions and over $2 million in processed payments, FlyLink is gaining trust for its quick, secure, and reliable service. By merging cutting-edge security with a smooth user experience, FlyLink is helping redefine the future of online payments.

SOURCE: EPR Network

Financial, Financial Information, Financial Management, Financial Services, Hedge Funds, Investment

Surviving Financial Turmoil: ThinkStrategy’s Journey Through Crisis and Courts

NEW YORK, 20-May-2024 — /EPR FINANCIAL NEWS/ — ThinkStrategy Capital Management, a leading hedge fund management firm, today announced a significant triumph in its long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC). All charges against the firm and its founder, Chetan Kapur, have been dropped, affirming the firm’s financial integrity and commitment to its investors.

Over the past decade, ThinkStrategy has consistently delivered robust financial returns, even during periods of economic turbulence such as the Great Recession. The firm’s strategic management practices and diligent risk assessment have been pivotal in achieving superior performance and low relative volatility for its investors.

“Today’s vindication marks a significant milestone for ThinkStrategy,” said Chetan Kapur, founder and chief investment officer. “It reaffirms our dedication to upholding the highest standards of financial management and transparency.”

The allegations brought forth by the SEC questioned the firm’s operational and financial conduct. However, thorough investigations and legal proceedings have demonstrated that these claims were unfounded and did not reflect the firm’s strong compliance culture or its effective investment strategies.

Despite the challenges posed by the SEC’s prolonged scrutiny, ThinkStrategy remained committed to protecting investor assets and maintaining transparent communication with all stakeholders. The resolution of this legal matter allows the firm to direct its full focus back to its core mission of managing and growing investor capital.

ThinkStrategy’s resilience and proactive management have allowed it to maintain financial stability and continue delivering excellent service to its investors throughout this challenging period. The firm appreciates the unwavering support of its investors and partners, who played a crucial role in navigating through these times.

SOURCE: EPR Network

Accounting, Assets, Financial, Financial Management, Financial Services, Financial Software, Financial Solutions, Funds, Money

Monesave brings social and community touch to personal finance

DUBLIN, 1-Mar-2024 — /EPR FINANCIAL NEWS/ — Monesave, a trailblazer in the social fintech space, proudly unveils its latest innovation: Anonymous Budget Benchmarking. This ground breaking feature empowers users not only to craft personalised budgets but also to compare their progress anonymously with peers, transforming the landscape of financial management.

In today’s digital age, managing finances can often feel like a solitary journey. Traditional budgeting methods, such as pen and paper or generic budgeting apps, fail to address the emotional aspect of financial management.

Recognising the loneliness inherent in traditional budgeting practices, Monesave set out to create a solution that goes beyond mere number crunching. With its empathetic Budgeting App, Monesave provides users with a supportive environment where they can connect with like-minded individuals, share their budgets, investment ideas, and receive encouragement along their financial journey.

“Budgeting shouldn’t be a solitary task,” emphasises Patrick Enin, co-founder and CEO of Monesave. “We understand the emotional toll that financial management can take, especially for those facing unique challenges. That’s why we’ve built a platform that not only helps users manage their finances but also provides a sense of belonging and community.”

Monesave’s Budgeting App reimagines the traditional budgeting experience by offering features tailored to address the emotional needs of users. Through interactive forums, support groups, and personalised guidance, Monesave creates a virtual support network where users can find solace in knowing that they’re not alone in their financial struggles.

“We want our users to feel empowered and supported every step of the way,” adds Sanjay Sikdar. “By fostering a sense of community and empathy, we’re breaking down the barriers to financial success and creating a more inclusive space for everyone.”

In addition to its social approach, Monesave’s Budgeting App offers practical tools and resources to help users achieve their financial goals. From customisable budgets to intuitive savings plans, Monesave equips users with the tools they need to take control of their finances with confidence. Imagine a budgeting community on reddit but from with the ability to actually form groups and invest directly from the Monesave App.

Moreover, Monesave’s Budgeting App encourages collaboration through its Group Savings feature, allowing users to pool resources and work towards common financial objectives. Whether it’s saving for a rainy day fund or planning for a shared expense, Monesave empowers users to achieve their goals collectively, strengthening bonds and fostering a sense of camaraderie.

“We believe in the power of collective action,” states Patrick. “By bringing people together, we can accomplish more than we ever could alone. With Monesave, users can leverage the support of their community to overcome financial challenges and build a brighter future.”

Moreover, Monesave’s Budgeting App fosters a vibrant Budgeting & Savings Community where users can share insights, tips, and strategies for effective money management. Through interactive forums and social features, members can invest in Crypto, challenge each other to save more with positive peer pressure, and get cash rewards on the app.

As part of its commitment to innovation, Monesave is exploring opportunities in Crypto Trading to provide users with additional avenues for wealth accumulation and diversification. By integrating cryptocurrency functionalities into its platform, Monesave aims to cater to the evolving needs of its tech-savvy user base while maintaining its focus on community and empathy.

For more information about Monesave and its Socialised Budgeting App, please visit [www.monesave.com]. Join the Monesave community who share a passion about Savings & Budgeting.

About Monesave:
Monesave is a pioneering company founded by two ex-bankers from minority background who are passionate about revolutionizing bringing a social and community touch to personal finance. Through its innovative Budgeting & Savings App, Monesave empowers users to take control of their finances, gain valuable insights from their peers, and get rewarded. With a focus on transparency, accountability, and community, Monesave is reshaping the future of financial management.

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Services, Financial Solutions

Jifiti, a leader in white-labeled embedded lending, obtains an Electronic Money Institution (EMI) license in Europe following a rigorous review from the Swedish regulator

STOCKHOLM, 6-Nov-2023 — /EPR FINANCIAL NEWS/ — Jifiti, a global leader in white-labeled embedded lending, today announced that it has been granted an Electronic Money Institution (EMI) license in Europe, following the Swedish regulator’s rigorous review and qualification process.

As a white-labeled solution provider to banks, regulated lenders and financial service providers globally, Jifiti strictly adheres to multinational regulatory and security standards. The EMI license serves as comprehensive validation of the company’s robust compliance and regulatory standards, which also include PCI/DSS, SOC 2 and ISO 27001 certifications.

With its EMI license, Jifiti is able to serve the growing needs of its bank, lender, financial services and merchant clients with a broader scope of payment products and services. Banks and lenders that want to innovate rapidly and compete efficiently in the ever-evolving payments landscape can now do so with Jifiti with the confidence and knowledge that there is enhanced regulatory oversight.

Being licensed also furthers the company’s unparalleled ability to offer pan-European solutions for multinational banks and merchants.

“Our mission at Jifiti is to provide consumers and businesses with access to responsible, affordable financing options from regulated financial entities. Becoming a licensed e-money issuer takes our company to the next level in its growth trajectory and enables us to bring even more value to our customers and partners, ” commented Yaacov Martin, CEO of the Jifiti Group.

Jifiti’s white-labeled embedded lending platform supports every B2B and B2C point-of-sale financing option, including installment loans, lines of credit, net terms and split payments. With its global presence, Jifiti gives consumers and businesses worldwide easy access to loan programs from trusted local banks and lenders from within any customer journey.

About Jifiti

Jifiti (https://www.jifiti.com) is a leading fintech company that powers white-labeled embedded lending for banks, lenders and merchants worldwide. The company’s white-labeled platform provides banks and lenders with state-of-the-art technology to easily deploy and scale any consumer and business financing program at any merchant’s point of sale – online, in-store and via call center. The platform supports every loan and BNPL option, including installment loans, lines of credit, split payments and business financing. With its multinational presence, Jifiti provides end-to-end point-of-sale financing solutions to global brands in any international market. Jifiti is utilized by leading financial institutions including Mastercard, Citizens Bank, CaixaBank, Credit Agricole, financial service providers including FIS, Finastra and Fiserv, and top retail brands including IKEA, Peloton, Wyndham, Wayfair, Sonae, Coppel and others worldwide.

Jifiti is headquartered in Columbus, Ohio, and has offices in Sweden and Israel.

SOURCE: EuropaWire

Financial, Financial Services, Financial Solutions, Mortgage

MetaSource’s 2022 MERS QA Findings Report Highlights the Challenges of a Short-Staffed Year

Salt Lake City, Utah, United States, 2023-Jul-06 — /EPR FINANCIAL NEWS/ — MetaSource, LLC, a leading MERS compliance services partner, released its annual MERS QA findings report.

The report shows that mortgage industry layoffs cut deep into quality assurance talent for many Members this past year. The analysis connects the fact that compliance functions were relegated to less experienced personnel with several challenges, including those related to documentation and data reconciliation.

Documentation & Reconciliation Defects

MetaSource Director of MERS Services Rachel Pylant said, “A lot of the people we are working with are newer to the process.”

Pylant and her team believe that this is why data reconciliation was a major issue in 2022 – even for Members who used advanced reconciliation software, like MetaSource’s mintrak2®.

Documentation errors were also prevalent this past year. As the findings report explains, many of these errors came to light as a result of an update to MetaSource’s processes. New recommendations were added to the MERS review guide that called for a review of document samples in addition to processes. Due to this change, MetaSource now requires Members to provide samples for audit.

While reviewing these document samples, the MetaSource Team discovered that Members were failing to meet several MERS requirements, including state-specific ones related to address listings. A lack of employees familiar with state standards was likely a main reason for this finding.

MetaSource Top MERS QA Audit Findings for 2022

Here are the top findings identified by MetaSource’s annual analysis of third-party MERS QA reviews:

  • Member did not reconcile MERS system data in accordance with the requirements of the MERS System Procedures Manual
  • Document samples submitted for review were not compliant with state-specific requirements or with requirements for identifying MERS as the nominee
  • Member did not have adequate quality assurance processes in place to satisfy Member requirements

Visit the MetaSource Mortgage Blog for the full 2022 MERS QA Findings Report, which includes more details around last year’s top challenges as well as best practices for avoiding findings in 2023.

About MetaSource, LLC

MetaSource is a Digital Transformation Solutions provider, focused on Business Process Outsourcing (BPO) / Business Process Management (BPM) services integrated with Enterprise Content Management (ECM), workflow solutions, compliance services and customer experience processes. MetaSource helps its clients manage risk, improve quality, increase efficiency and realize their most important goals – with special expertise serving the mortgage industry. MetaSource’s mortgage services include quality control (QC) audits (pre-fund, post-close, servicing, MERS), lien release, whole loan purchase reviews, and cutting-edge technology. MetaSource’s solutions enable its clients to focus on their core business while MetaSource does the rest. For more information, visit: https://mortgage.metasource.com

Via EPR Network
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Assets, Business, Financial, Financial Management, Financial Services, Funds, Investment, Money, Stocks, Trading

Amberwave Partners Announces IUSA Transferring to Cboe BZX Exchange, Inc.

NEW YORK, 2022-Dec-08 — /EPR Network/ — Amberwave Partners (Amberwave) — an asset manager developing financial products based on U.S. jobs, security, and growth (JSG) — today announced plans to transfer the listing of the Amberwave Invest USA JSG Fund (IUSA), an exchange-traded fund (ETF), managed by Amberwave from NYSE Arca, Inc. to the Cboe BZX Exchange, Inc. The transfer is expected to occur on or about December 23, 2022. No shareholder action is expected because of this change, nor is the transfer expected to affect the trading of fund shares.

Amberwave Partners Research and Management, LLC is an SEC registered investment advisor and serves as IUSA’s investment advisor. IUSA is available to investors through most individual brokerage firms.

To learn more about Amberwave Partners and JSG investing, visit their website at amberwavepartners.com.

Important Risk Information: While the shares of ETFs are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns.

There is no guarantee that the IUSA (the “Fund”) will achieve its objective. The universe of acceptable investments for the Fund may be limited as compared to other funds due to the Fund’s JSG (jobs, security, and growth) investment screening. Because the Fund does not invest in companies that do not meet its JSG criteria, and the Fund may sell portfolio companies that subsequently violate its screens, the Fund may be riskier than other mutual funds or ETFs that invest in a broader array of securities.

Investors should consider the investment objective, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and should be read carefully before investing. The prospectus may be obtained at http://www.jsgfunds.com/iusa-etf or by calling (888) 926-1931. The Fund is distributed by Northern Lights Distributors, LLC, member FINRA / SIPC. Amberwave Partners and Northern Lights Distributors, LLC, member FINRA / SIPC are not affiliated.

Via EPR Network
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Assets, Financial, Financial Information, Financial Management, Financial Services, Investment

Warhol’s Marilyn Monroe artwork tokenized using Sygnum’s Desygnate solution

ZURICH/ MADRID, 8-Nov-2022 — /EPR FINANCIAL NEWS/ — Sygnum Bank and Artemundi tokenize Warhol’s Marilyn Monroe artwork.

Warhol – a leading figure in Pop Art history
Andy Warhol is the creator of some of the most iconic artworks of the 20th Century and has been a top-ten selling artist for over two decades. His works are held in numerous prestigious collections worldwide, including the Museum of Modern Art in New York and the Art Institute of Chicago.

Based on a publicity photograph from her film ‘Niagara’, Warhol’s iconic Marilyn Monroe series has enjoyed long-term price appreciation. Since 2000, this series have generated 17 percent of all Warhol auction sales, despite being only 3 percent of volume, and has consistently outperformed both the Warhol and Artprice Global Indices.

Issuance of 5,000 Art Security Tokens (ASTs) through Swiss-regulated Sygnum bank
Sygnum’s Desygnate platform tokenized Andy Warhol’s ‘Four Marilyns (Reversal)’, currently priced at CHF 5.7 million. The issued 5,000 WHL1 tokens are available for subscription exclusively to Sygnum professional and institutional clients via the Sygnum e-banking portal, and trading via Sygnum’s SygnEX secondary market. All transactions will be settled in Swiss Francs using Sygnum’s Digital CHF stablecoin (DCHF), underpinned with the legal certainty of direct physical artwork ownership under the Swiss DLT (Distributed Ledger Technology) framework.

Fatmire Bekiri, Sygnum Bank’s Head of Tokenization, says: “Warhol’s iconic ‘Four Marilyns’ truly immortalises one of the Golden Age of cinema’s most illustrious stars. By leveraging blockchain technology, we’re building a future where owning such world-renowned paintings could one day be as simple as buying a can of tomato soup – like those also made famous by Warhol.”

The art market is complex, and often requires deep technical knowledge, personal connections, and millions of dollars to enter. Sygnum’s tokenization solution, partnered with Artemundi’s art investment experience, lowers financial barriers by enabling fractional ownership and democratises access to pieces of art history by masters like Warhol and Picasso.

Javier Lumbreras, CEO of Artemundi, says: “Artemundi’s strategic portfolio is made of artists’ masterpieces so unique they can be considered ‘monopolies’ of universal recognition. They have a track record of growth that continues for generations.”

About Warhol’s Four Marilyns:
‘Four Marilyns (Reversal)’, 1979-1986, shows the iconic image of Marilyn Monroe repeated four times in black and white. Andy Warhol famously returned to this image of the actress in his works, using different colour palettes and varying the number of repetitions across one canvas. In this artwork, the artist used his signature silkscreen technique and reversed the original colour palette to show Marilyn’s likeness in negative.

SOURCE: EuropaWire

Banks, Business, Financial, Financial Management, Financial Services, Financial Software, Financial Solutions, Investment, Money, Trading

Secondary market platform THELAPHANT.IO to launch stock liquidity plan for employees and executives of Israeli unicorns

TEL AVIV, 25-Oct-2022 — /EPR FINANCIAL NEWS/ — The secondary market platform THELAPHANT.IO introduces, for the first time in Israel: “a stock liquidity plan” for high-tech employees and companies – a new and exciting development for high-tech employees, investors, and institutional entities.

Thelephant explains that the goal of the program is to transform the liquidity event from a one-time event into a repetitive event for Israeli high-tech employees, early investors and companies.

In 2021 ConvertKit turned down an acquisition offer from Spotify. Instead, ConvertKit chose to promote a deal focused on the welfare of its employees. On twitter, the Nathan Barry, the founder of ConvertKit, explained that 48 accredited investors, incorporated into a single legal entity, purchased shares from the employees and founders of ConvertKit. This transaction is defined as a secondary transaction – the purchase of shares of a private company from existing shareholders, in this case, from employees.

The success was noteworthy. Barry recounts how he sold 3.18% of the company’s shares at a valuation of $200 million dollars. The proceeds from the sale were sufficient for him to let his parents and his wife’s parents to retire comfortably. Following the success of the start-up, Barry intends to perform a secondary transaction in the company every two years.

In fact, Nathan Barry implemented a stock liquidity program via secondary investments in the company he had founded. Liquidity programs for high-tech companies are a phenomenon which has become increasingly common over the past two years, particularly in the United States.

Now, Israeli owned secondary market platform THELEPHANT.IO, is seeking to “import” liquidity programs and present it to Israeli high -tech companies and employees. The stock liquidity program is generally intended for mature high-tech companies who have been around for several years, which a valuation, according to the last round of financing, of around 1 billion dollars.

Through the stock liquidity program, the executives of private high-tech companies are cooperating with their employees and shareholders to enable liquidity events in the stocks they rewarded to their employees in connection with their employment and for early investors who joined the company in its early days and after a few years since their investments are looking for some liquidity. The stock liquidity program enables these employees and early investors to get the money they worked so hard for in a regulated and orderly manner, regardless of the company decisions concerning going public or a doing a merger.

Thelephant, via the stock liquidity program, actually transforms the liquidity event from a one-time event to a repetitive occurrence.

The secondary market and the trade in private stocks is one of the fastest growing fields in the world, and in Israel, and has been growing at an accelerated rate over the past few years. For example, many high-tech employees in companies which choose to remain private, and which have yet to list their stocks for trading on a stock exchange, suffer from significant absence of liquidity. They may have received, years ago, options / shares entitling them to very substantial sums of money, sometimes millions of dollars, ON PAPER. However, the money remains on paper for a long time. Likewise, investors reading every day about the success of these tech giants are eager to hop on the success train of these unicorns but given the fact that the company is still private, access is naturally limited. This is also true for institutional entities, who seek to invest many funds in a variety of investment routes, including such fascinating high-tech companies. But even for them, accessibility is, as aforementioned, limited, since these companies are private companies.

In Israel, over a hundred employees and former executives in Israeli unicorn companies have already joined Thelephant

The Israeli market has experienced over the past few years a very significant growth and will soon include nearly 100 unicorns, private companies worth over a billion dollars. Within the unicorn circle, about a third of the unicorns are defined as centaurs – private companies with annual recurring revenues of over 100 million dollars, and there are dozens of soonicorns – companies on the brink of joining the exclusive unicorn club.

Chaim Schiff, a founding partner and CEO of Thelephant group, says that “the high-tech companies in Israel and around the world understand the importance of generating a regular liquidity program for the options/stocks they have allocated to their employees. This is a valuable and highly significant tool to preserve employees, talents and senior management in the company”.

Schiff recounts that over the past year “over a hundred employees and senior executive from Israeli unicorn companies have signed up to our secondary platform. These employees have placed the shares they received from their employers for sale, and thereby joined many employees and former executives in US and European companies who have already successfully liquidated their shares via our platform. These include companies such as Palantir, Sofi, Dataminr, Impossible Foods, SnapNurse, Klarna, Via and many others.

Amongst the shares offered by former executives and employees on THELEPHANT.io secondary platform you can also find private high-tech giants from the United States, Europe and Israel. These include the Israeli companies BigID, DriveNets, Sisense, Trax, eToro, Optibus and OpenWeb.

THELEPHANT.io secondary platform currently offers for sale shares in leading U.S, European and Israeli high-tech giants at a cumulative value of over $500 million. Most of these shares are being directly offered by hundreds of employees and senior executives in these fascinating companies.

For the first time in Israel: Thelephant stock liquidation program

The Thelephant group announced in October 2022 the launching of their stock liquidation program for high-tech companies and employees in Israel. Schiff explains that “the stock liquidation program will include a comprehensive end-to-end service in order to provide the company management and its employees all the tools they need to manage a secondary stock sale event. The program will provide access to its research, technological solutions, and proven experience in conducting transactions in the secondary market via a professional, experienced and creative team. The program will offer, through the international brokerage arm of Thelephant group a connection to a global network of investors comprising of international institutions, leading European, Israeli and U.S financial entities, and other accredited investors who are seeking access to shares of leading private high-tech companies.

As part of the implementation of the program, Thelephant will collaborate with the Fintech company Simetria and its CEO Ziv Keinan. Simetria has developed a technological platform dedicated to simplifying the complex process of managing a secondary transaction for high-tech company, thereby enabling the company management, with minimal inputs, to communicate the sale conditions to employees and stockholders, and enabling them to participate. The system designed by Simetria provides the company management full transparency and control in managing the transaction process. In parallel, the system enables the company’s employees to join the sale by defining the amount of shares to be sold, and execution of the many documents associated with the secondary transaction.

Keinan explains that “the Simetria platform enables, with a few keystrokes, to execute a shares sale and purchase event under the full control of the company management over the secondary process. The goal of Simetria is to provide symmetry for the private markets, which is why we developed a product meant to provide a vital service for companies, especially during times when there is no foreseeable chance for liquidity”.

Schiff summarizes by stating that “To date, no similar solution was available for Israeli high-tech companies. It is precisely at this time, when the amount of IPOs in the United States is the lowest it has been in 20 years, that the importance of a liquidity program for shares of high-tech companies and employees is all the more significant”.

A network of investors opens up through the global brokerage division of Thelephant

Another major element which is essential for the success of the program is provided by Thelephant groups’ brokerage division, under the management of Itay Ben-Ari, is its global investment network made up of institutional investors, leading financial entities in Europe, Israel and the United States, and accredited investors from all over the world.

Ben-Ari explains that “we have built, and we continue to diligently build up our global investors network. We see considerable demand from accredited investors for the secondary sale model in both Israeli and U.S unicorns. Without Thelephant, these investors would find it hard to obtain access to the shares of these private high-tech companies.

The close connections that we have built up within the ecosystem over the years and familiarity with the management of various high-tech companies and their employees, along with the information and research we make available via our Research Division and, in addition, the input and data we can collect and reflect to our clients generate added value for our customers.

Given our comprehensive experience in performing transactions in the complex secondary worlds, which include quite a few factors, including the sellers, the investors, the company, taxation, regulatory issues, international money transfers and so forth, we provide both services and solutions for the investors and holistic support of the entire process from start to finish.

Ben-Ari adds, “repetitive liquidity plans, when led by the company, reduce and neutralize the pressure from the early shareholders and the employees, as well as the pressure to list the company on a stock exchange and going public before the company is ready for this stage in its corporate development.”
In Israel, Thelephant formed a strategic collaboration with MORE Magna, the brokerage arm of MORE Investment House, the fastest growing institutional in Israel. This collaboration adds greater accessibility to institutional entities, Family Offices and other accredited investors in Israel.

The CEO of MORE Magna, Ron Sireni, explained that “we have analyzed and observed the approach of institutional entities in Israel towards private high-tech companies defined as Israeli Unicorns. In addition, we understood that they lack almost any access to US based Unicorns. Therefore, we work together with Thelephant to make these fascinating opportunities available to Israeli institutional investors, Family Offices and other accredited investors in Israel. Our activity includes extensive research and professional support until the successful closing of the deal”.

Sireni added that “high tech companies and high-tech employees in Israel that will participate in the stock liquidity program managed by Thelephant will enjoy access to institutional class and other leading investors who seek access to invest in the private high-tech giants”

Links related to the press release:
1. https://thelephant.io/marketplace/
2. https://thelephant.io/liquidity-program-through-elephant-secondary-market/
3. https://www.simetria.io/thelephant

Disclaimer
“The information included in this communication is only condensed information intended solely to direct the attention of the reader and does not constitute or embody any proposition or invitation or solicitation to purchase or sell stocks or securities and does not constitute an invitation or part of an invitation to receive such aforementioned proposals.

Elephant Secondary Market Brokerage Ltd (“Elephant”) is not an “expert” and/or investment advisor. The information presented in this article does not constitute investment consultation as defined in the Israeli law for regulation of the investment consultation occupation, 1995, and the aforementioned information does not constitute a substitute for consultation or professional investment marketing which takes into account, among other things, the unique needs of every individual.

Elephant operates as a trade platform in the secondary market brokerage and its platform presents a portfolio which is offered for sale by private shareholders exclusively to accredited investors. Proposals to sell the securities will only be provided to “accredited investors” as defined in the first appendix to the Israeli securities law- 1968.

The information provided herein is only general information and does not contain all of the information required to reach investment decisions including, but not solely, the risks, costs, applicable taxation, or projected profits.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Services, Funding, Funds, Hedge Funds, Investment, Money, Revenues

Market-neutral hedge fund Caravel Capital Fund Showcased At Secure Spectrum’s Hedge Fund Seminar

COPENHAGEN, 3-Jun-2022 — /EPR FINANCIAL NEWS/ — Jeff Banfield, a founding partner of Caravel Capital Investments Inc., was the featured speaker at Secure Spectrum’s Hedge Fund Seminar in Copenhagen, Denmark, on June 2, 2022. With over 35-years of experience in the alternative investment industry, Banfield delivered valuable insights and his recipe for navigating the current global financial markets.

Titled, The Alchemy of Risk, Opportunity, and Experience, Banfield explained how he earned positive returns for each of his 35-years in the investment business. His position as a Proprietary Trader at Dominion Securities in 1987 prepared him for six Bear Markets and unexpected macro factors.

Mr. Banfield was asked how he consistently achieves positive returns. He explained, “We approach every investment with the following criteria: strong understanding of fundamentals, applying the correct strategy in the economic cycle; coupled with the opportunity to generate the targeted return, and always managing the tail risk.” He also added, “We listen to the central banks and policymakers when they telegraph well in advance, and we take appropriate countermeasures to protect the portfolio. Glen and I find our best opportunities when fear and greed misprice the market.”

Soren Dal Thomsen, CIO, kicked off the program, presenting, “Why should one have hedge funds in their portfolio?” Then followed by Jeppe Blirup, Head of Hedge Funds, who gave the landscape of Secure Spectrum’s Fund of Hedge Funds. Jeppe explained, “We turned to Jeff to share his wealth of knowledge on the markets, strategies, and execution. Especially in this kind of market, we are all looking for insights that will help us to grow and preserve our capital. Caravel Capital shares our priorities: growth of capital, capital preservation, alignment of interests, and risk-aversion.”

The Caravel Capital Fund outperformed major indices in Q1 2022 with a 3.25% (net of fees) return, generated 30.78% returns in 2021, and have produced annualized returns of 18.96% since inception in 2016 while maintaining a Sharpe Ratio of 2. Gibbons and Banfield utilize several strategies, including but not limited to convertible arbitrage, relative value arbitrage, capital structure arbitrage, merger arbitrage, distressed debt, and alpha long/short.

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Caravel Capital Investments Inc. is an event-driven, market-neutral hedge fund based in Nassau, The Bahamas. Founded in 2016 by Glen Gibbons and Jeff Banfield, the firm prioritizes capital preservation with a commitment to liquidity and transparency. Named after the agile exploration ships used during the age of discovery, the firm maintains strict limits, small positions, and a manageable fund size to ensure quick responses to changing dynamics. The team uses innovative, leading-edge idea implementation while owning the Fund’s risk tails. The managers pursue systematic and non-systematic risk reduction through frequent review of risk/reward and high liquidity, thereby providing a genuinely market-neutral result, as evidenced by the returns.

Secure Spectrum is a fund of hedge funds that aims to generate an absolute return over the business cycle, seeking to generate an attractive risk-adjusted return regardless of the development of financial markets. Secure Hedge seeks to exhibit low correlation with the stock market and help diversify a traditional portfolio consisting of equities and bonds. The fund’s active portfolio management involves looking for exposure to attractive niche investment strategies that are typically difficult to access and independent of each other.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Services, Funding, Funds, Hedge Funds, Investment, Money

Jeff Banfield of Caravel Capital Investments featured speaker at Secure Spectrum’s Hedge Fund Seminar in Copenhagen, Denmark

NASSAU, Bahamas, 18-May-2022 — /EPR FINANCIAL NEWS/ — Jeff Banfield, a founding partner of Caravel Capital Investments Inc., will be the featured speaker at Secure Spectrum’s Hedge Fund Seminar in Copenhagen, Denmark, on June 2, 2022. With over 30 years of experience in the alternative investment industry, Banfield will deliver valuable insights and his recipe for navigating the current global financial markets.

Jeff Banfield, Founding Partner Caravel Capital Investments Inc.

Titled, The Alchemy of Risk, Opportunity, and Experience, Banfield’s talk will address the perfect storm the markets find themselves in and what history has taught him to navigate. He will touch on the correlation between Caravel Capital’s strategies and the economic cycle and demonstrate how flexibility helps avoid pitfalls.

Secure Hedge’s investors and guests will gather near their headquarters in Copenhagen to attend this invitation-only event. Jeppe Blirup, head of Secure Spectrum’s Fund of Hedge Funds division, explains, “We are excited to host our distinguished investors at our annual Hedge Fund Seminar. We turned to Jeff to share his wealth of knowledge on the markets, strategies, and execution. Especially in this kind of market, we are all looking for insights that will help us to grow and preserve our capital. Caravel Capital shares our priorities, namely: growth of capital, capital preservation, alignment of interests, and risk-aversion.”

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The Caravel Capital Fund outperformed major indices in Q1 2022 with a 3.25% (net of fees) return, generated 30.78% returns in 2021, and obtained annualized returns of 18.96% since inception in 2016 while maintaining a Sharpe Ratio of 2. Gibbons and Banfield utilize several strategies, including but not limited to convertible arbitrage, relative value arbitrage, capital structure arbitrage, merger arbitrage, distressed debt, and alpha long/short.

Caravel Capital Investments Inc. is a multi-strategy market-neutral hedge fund based in Nassau, The Bahamas. Founded in 2016 by Glen Gibbons and Jeff Banfield, the firm prioritizes capital preservation with a commitment to liquidity and transparency. Named after the agile exploration ships used during the age of discovery, the firm maintains strict limits, small positions, and a manageable fund size to ensure quick responses to changing dynamics. The team uses innovative, leading-edge idea implementation while owning the Fund’s risk tails. The managers pursue systematic and non-systematic risk reduction through frequent review of risk/reward and high liquidity, thereby providing a genuinely market-neutral result, as evidenced by the returns.

Secure Spectrum is a fund of hedge funds that aims to generate an absolute return over the business cycle, seeking to generate an attractive risk-adjusted return regardless of the development of financial markets. Secure Hedge seeks to exhibit low correlation with the stock market and help diversify a traditional portfolio consisting of equities and bonds. The fund’s active portfolio management involves looking for exposure to attractive niche investment strategies that are typically difficult to access and independent of each other.

SOURCE: EuropaWire

Assets, Cryptocurrency, Financial, Financial Education, Financial Information, Financial Management, Financial Services, Investment, Mobile banking, Online Banking

Former Uber Driver Creates Cryptocurrency Banq potentially Worth Millions

MIAMI, FL, 2022-Apr-27 — /EPR FINANCIAL NEWS/ — Meet Anade, he’s a Former Uber Lyft Driver turned Financial Data Scientist.

His company CryptoShare Banq is raising Funding on Wefunder below: Wefunder.com/Cryptoshare

The Raise closes April 30. This could be the last chance for people to invest!

Almost Five years removed from getting people from one place to another. He is now getting people to Build Wealth using Cryptocurrency with his company “Cryptoshare Banq”.

Website here: www.Cryptoshare.App

“In 2018, after I gave up Uber I made a decision to build Wealth and help others in the process.

Our Target Market is the Creditless, Unbanked, and Underbanked (over 25% of US and over 70% in Latin America).

Almost a 3rd of the World do not access to basic Financial tools (debit cards, loans, savings & checking accounts).” ~ Anade

Cryptoshare Banq launched on Feb 1, 2022. Presently the company has raised $200,000 USD and has nearly 200 Users using the CryptoCurrency Banq!

Web site: www.Cryptoshare.app

Invest here: www.Wefunder.com/Cryptoshare

All investments Close April 30 2022!

Cryptoshare Banq is a Decentralized Financial System

Via EPR Network
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Assets, Business, Financial, Financial Management, Financial Services, Financial Software, Financial Solutions, Investment, Personal Finance

Luxembourg fund servicing firm Fidupar goes live with Framework’s investment and operations platform

LONDON, 13-Dec-2021 — /EPR FINANCIAL NEWS/ — Framework, a specialist provider of middle and back-office technology for private markets, announces today that Luxembourg based fund advisory and administration company Fidupar S.A. is now live on Framework Core (Core) to support their Investor Services, Fund Accounting, General Ledger, and Reporting functions. Having implemented Core, Fidupar, who has seen a surge of interest in its services, can deliver sophisticated investor services to its clients, as well as an improved way to navigate the changes to existing and new regulations within the private assets market.

Nicolas Montagne, Managing Director of Fidupar, said: “Framework’s dedication in supporting and ensuring a smooth transition to our new robust platform was second to none, they clearly listened to our needs and upcoming challenges as a fund servicer. We are confident that with Core in place our clients can expect superior service. Choosing Framework as a software partner was the right decision for our business.”

With Core now embedded, Fidupar has access to a powerful tool that optimises its operational efficiency for its administrative functions, including transaction management, accounting and valuations – on a secure and open architecture cloud-hosted platform. Core also incorporates robust and flexible reporting capabilities and shareholder services including automated investor communications.

In addition to a favourable legal and tax regime, one of the main draws of Luxembourg is the highly-skilled, multilingual staff who can provide tailor-made services for international clients as are found at Fidupar. This commitment to responsiveness and focusing on the needs of customers was an attribute that Fidupar recognises in Framework too.

Craig Tyzack, Head of Delivery & Operations of Framework added: “Working with the Fidupar team allowed us to solidify the reasons they chose Framework as their software provider throughout the implementation process. We focused on understanding Fidupar’s requirements and used our industry knowledge to customise our solution to those needs. Delivering a user-friendly, robust platform to our clients is paramount.”

About Framework
Framework, founded in 2000, is a specialist provider of middle and back-office technology for private markets. Since being acquired by BRD Investments in 2016, Framework is committed to advancing open, flexible digital solutions for asset owners, managers and administrators and the evolution of private asset funds. A significant number of platform and product enhancements have been undertaken, many specifically to address the current and future requirements of leading sophisticated private asset administrators.

Framework holds a leading position with Development Bank customers in Europe and North America and in particular the UK, and services several industry-leading independent or bank-owned asset managers in Europe and the Middle East.

About Fidupar
Part of the Elate Group, Fidupar was formed at the beginning of 2000 by the contribution of the activity of the financial engineering departments of two major banks in the Luxembourg financial centre.

By focusing on the needs of our customers, we have grown considerably with the deep commitment to our historical values: responsiveness, creativity, commitment, and ambition, while maintaining a high level of ethics.

With multilingual staff specialised in different sectors, we provide tailor-made services for our international clients. Our multidisciplinary teams work in close collaboration with our clients in the realization of their projects.

SOURCE: EuropaWire

Business, Financial, Financial Services, Funding, Funds, Investment

Cap Expand Partners announce fresh new approach to business acquisitions, financing and exit strategies

RIEMST, Belgium, 27-Jul-2021 — /EPR FINANCIAL NEWS/ — Financial consulting company Cap Expand Partners are pleased to announce a fresh new approach to business acquisitions, financing, and exit strategies. The company offers exciting windows of opportunity for mid-sized businesses considering expansion overseas, particularly in the Netherlands, Belgium and Luxemburg (Benelux), and also for independent, fundless sponsors.

According to Managing Director Sergio van Luijk, Cap Expand Partners have the experience to help businesses with insufficient resources or local expertise manage cross-border acquisitions. The company’s network of debt and equity providers are also proving invaluable to independent sponsors, for whom raising capital on a deal-by-deal basis can be time-consuming, leading to many missed transaction opportunities.

“The independent (or fundless) sponsor model is still a novelty concept, and many individuals working on transactions fail to raise the necessary funding on time,” says van Luijk, “which can be detrimental to their reputation in future deals. That’s why we encourage them to discuss financing options with us before signing a letter of intent.”

As pandemic-related lockdown measures subside, many companies are renewing their quest for growth abroad. Due to Brexit, an increasing number of foreign companies are now setting down roots in the Benelux when expanding to Europe:

“The U.K. is no longer a first port of call for many of our international clients seeking to gain foothold in Europe,” adds van Luijk. “Most companies we speak with were previously unaware of the Benelux’ favorable investment climate, which is why we are temporarily offering qualified companies affordable market entry and business valuation quickscans.”

Cap Expand Partners’ Corporate Development & Acquisition Services build upon the client’s existing strategy. At this time, the company will educate the client on local market considerations, assess the industry potential, analyze possible entry strategies, and if applicable, identify and approach potential acquisition targets. Cap Expand Partners will then manage the deal process, value the company, coordinate with existing in-house and external local counsel, draft offer letters, and conduct negotiations. Post-closing assistance and capital raisings are also offered as required.

Cap Expand Partners also help raise capital on behalf of independent sponsors. Unlike traditional private equity teams, these are experienced individuals who do not have a dedicated pool of funds and raise financing on a deal-by-deal basis to acquire and manage companies. This allows the client to focus on sourcing new deals, and creating value for the companies that they already own. Additionally, Cap Expand Partners educate their investor network on independent sponsor economics, create credibility towards counterparties, and ultimately streamline these complex transactions. The company recently published an article on the independent sponsor model.

For more information about Cap Expand Partners, or to arrange a consultation, visit the website at www.cap-expand.org.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Services, Financial Statements, Investment, Money, Profits, Revenues, Stocks, Trading

Digi Communications N.V. releases its financial results for the first quarter of 2021

BUCHAREST, Romania, 14-May-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the Q1 2021 Financial results are available on the Company’s website. For more details, please see: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/quarterly-reports-shares

Also, on 17 May 2021 at 14:00 UK time/ 16:00 EEST (Romania local time) it will host a conference call to discuss the Q1 2021 Financial Results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar and pre-register for the call. The deadline for pre-registration is until 12:00 UK time/ 14:00 EEST (Romania local time) on 17 May 2021.

SOURCE: EuropaWire

Business, Financial, Financial Services, Financial Software, Forex, Investment, Stocks, Trading

ITFX GROUP launched the ITGFX development strategy plan and entered the Asian market

KUALA LUMPUR, Malaysia, 2021-Apr-17 — /EPR FINANCIAL NEWS/ — As a high-tech company ITFX GROUP INC has an algorithm system and advanced IT infrastructure providing large-scale development and various services. With the development prospects of the foreign exchange industry becoming more and more favored by investors, the company launched the ITGFX development strategy plan began to move towards internationalization and now has an international foreign exchange business.

Our team of experienced programmers has developed a lot of software for the foreign exchange market, CFD and cryptocurrency market. The solution developed exclusively by our experts is combined with the current largest liquidity provider (quotation). It is designed for arbitrage trading and provides a complete solution for arbitrage of products such as foreign exchange, CFDs and cryptocurrencies, allowing you to easily obtain Profit.

ITFX GROUP INC is one of the few financial technology companies that directly connect to exchange data. Therefore, our customers can get the fastest, most reliable and most accurate quotation. In addition to its own use, the solution has also become a trusted arbitrage trading tool for many large institutional traders. ITGFX’s high-quality, reliable and outstanding customer service has created a good reputation. Due to our persistence in technology excellence, we are currently the most trustworthy foreign exchange company.

ITGFX technical support includes commercial and non-profit organizations and customer groups all over the world. The persistent pursuit and attention to quality has allowed the company to achieve more than 15 years of continuous profitability, which is rare in this highly competitive industry. Relying on the professional background of the investment research team, unique and objective value concepts, and a mature and complete research system, a number of well-known overseas funds have been launched to assist high-net-worth clients to obtain stable returns, avoid the risk of RMB depreciation, and achieve global asset allocation.

In order to comply with the strong market demand and development, in Southeast Asia, Malaysia set up an ITGFX operation center to serve the Southeast Asian market and operate the foreign exchange business. To fully expand the global market, ITGFX welcomes you to join us. We are committed to serving every high-quality partner and creating an industry benchmark.

NOW! ITFX GROUP launched the ITGFX development strategy plan and entered the Asian market. 

Via EPR Network
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NASDAQ listed Ideanomics buys minority stake in Italian manufacturer of high performance electric motorcycles

 NEW YORK, 9-Mar-2021 — /EPR FINANCIAL NEWS/ — Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) is pleased to announce it has acquired 20% of Italian Energica Motor Company S.p.A. (Energica) for the consideration of $13.2 million. It develops high performance 100% battery-powered motorbikes. With this investment in Energica, Ideanomics expands its global footprint in the electric vehicle (EV) industry, and complements Treeletrik’s business in the ASEAN market. This investment marks continued investment in European-based OEM.

“Energica has combined zero emissions EV technology with high-performance engineering synonymous with Italy’s Motor Valley to create a range of exceptional products for the motorcycle market. It also has proprietary EV battery and DC fast-charging systems that have applications and synergies with Ideanomics Mobility. We are very impressed with Livia and her team, and we look forward to supporting them through their next phases of growth,” said Alf Poor, CEO of Ideanomics.

The rapid increase of EV sales that began in 2019 has continued to gain momentum over the past year. The global high performance electric motorcycle market is growing at a CAGR of over 35% from 2019-2024. With its state-of-the-art battery technology development, Energica was chosen by Dorna as a single manufacturer for the FIM Enel MotoE™ World Cup. With this partnership, Energica has been able to test new battery solutions and innovations in extreme conditions with the best riders in the world to advance its high-performance battery technology.

“We are proud to be part of this unified global platform”, says Livia Cevolini, CEO of Energica Motor Company S.p.A. “Ideanomics’ network of innovative companies will help accelerate the growth and adoption of new EV technologies such as Energica. We look forward to leveraging Ideanomics to capture market share in the rapidly growing global electric motorcycle market”.

For more information, visit: ideanomics.com and energicamotor.com.

SOURCE: EuropaWire

Accounting, Assets, Banks, Business, Commodities, Financial, Financial Services, Financial Software, Financial Solutions, Investment, Personal Finance, Retirement

A Neowintech é um marketplace financeiro que tem por base uma filosofia de simplicidade, rapidez e conveniência

LISBON, 26-Feb-2021 — /EPR FINANCIAL NEWS/ — A Neowintech é um marketplace financeiro que tem por base uma filosofia de simplicidade, rapidez e conveniência. Ao estabelecer parcerias com vários prestadores de serviços financeiros, consegue dar acesso a um leque alargado de soluções para cada etapa da vida das pessoas.

Através de um perfil digital único que pode ser criado em menos de 5 minutos, os utilizadores conseguem aceder a produtos inovadores fornecidos por entidades terceiras, desde soluções de investimento a planos de pensões, hipotecas, e fundos de investimento – oferta essa que irá futuramente incluir mais serviços.

O resultado é um ponto central de gestão de finanças pessoais, com uma base tecnológica sólida e segura, a que toda a gente pode aceder de maneira completamente gratuita.

Sendo totalmente digital, cada parte da vida financeira de cada um pode ser acedida, gerida e impulsionada através do smartphone, dispensando qualquer tipo de papelada ou deslocações a locais físicos.

Ao selecionar cuidadosamente parceiros adequados, simplificar processos e melhorar a eficiência ao longo de toda a linha, a Neowintech pretende dar mais opções a mais pessoas, num processo de democratização de ferramentas e soluções que, ou estavam reservadas a um número limitado de pessoas, ou eram de tal modo complicadas que acabavam por contribuir para uma gestão financeira desnecessariamente não otimizada.

Em linha com esta filosofia, o processo de registo é também ele rápido e fácil. Basta fornecer o endereço de email e alguma informação pessoal. Isto inclui alguma documentação que tem o objetivo de validar a identidade do cliente, pelo que todos os requisitos de cada documento deverão ser lidos com atenção.

Este é um novo período de possibilidades financeiras. O alargamento do acesso é um dos pontos centrais da Era da Informação, e não há motivo para deixar a gestão financeira do lado de fora. Porque este é um assunto que deve estar presente para todas as pessoas. Torná-la mais fácil é mais do que uma preocupação de negócio para a Neowintech. É também uma missão, permitindo que cada vez mais pessoas possam melhorar as suas circunstâncias, sejam elas como forem.

SOURCE: EuropaWire

Accounting, Assets, Banks, Business, Commodities, Financial, Financial Information, Financial Management, Financial Services, Financial Software, Financial Solutions, Investment, Mortgage, Retirement

Neowintech è un marketplace finanziario costruito attorno a una filosofia di semplicità, velocità e convenienza

ROME, 26-Feb-2021 — /EPR FINANCIAL NEWS/ — Neowintech è un marketplace finanziario costruito attorno a una filosofia di semplicità, velocità e convenienza. Stabilendo partnership con diversi fornitori di servizi finanziari, è in grado di offrire l’accesso a una gamma completa di soluzioni per le molteplici e diverse fasi della vita delle persone.

Sotto un unico profilo digitale che può essere creato in meno di 5 minuti, gli utenti possono accedere a prodotti innovativi forniti da partner terzi, incluse soluzioni di investimento, piani pensionistici, mutui e fondi di investimento – con ulteriori servizi in arrivo in futuro.

Il risultato è un punto centrale della gestione delle finanze personali, solidamente costruito su una tecnologia sicura, a cui tutti possono accedere facilmente e completamente gratuito.

Essendo completamente digitale, è possibile accedere, gestire e migliorare ogni aspetto della propria vita finanziaria attraverso il proprio smartphone, senza bisogno di scartoffie o di recarsi a una sede fisica.

Selezionando attentamente i partner adatti, semplificando i processi e migliorando l’efficienza dall’inizio alla fine, Neowintech mira a portare più opportunità a più persone, democratizzando efficacemente l’accesso a strumenti e soluzioni che in precedenza erano riservati a un numero limitato di persone, oppure talmente complicati da lasciare la gestione finanziaria personale inutilmente sotto ottimizzata.

In linea con la sua filosofia, anche l’iscrizione è molto semplice e veloce. E’ sufficiente fornire un indirizzo email e alcune informazioni personali. Ciò include fornire documenti al fine di garantire la corretta identificazione del cliente, quindi tutti i requisiti i termini di documentazione devono essere letti attentamente.

Questa è una nuova era di possibilità finanziarie. Un maggiore accesso alle nuove opportunità è uno degli elementi fondamentali dell’Era dell’Informazione e non c’è motivo per cui la gestione del denaro debba esserne esclusa. Perché si tratta di qualcosa che dovrebbe essere nella mente di tutti. Rendere più facile per le persone farlo non è solo una preoccupazione aziendale per Neowintech, ma anche una missione in modo che più persone possano migliorare la propria situazione, indipendentemente da dove si trovano.

SOURCE: EuropaWire

Assets, Cryptocurrency, Financial, Financial Management, Financial Services, Financial Software, Financial Solutions, Mobile banking, Trading

PixelPlex Announced a Successful Cryptocurrency Wallet Development

New York City, NY, 2020-Sep-15 — /EPR FINANCIAL NEWS/ — A custom software development company PixelPlex informed about completing their work on Qtum Wallet – a cryptocurrency mobile wallet for Android and iOS. The wallet is able to execute multi-currency transactions and has ERC20 token support, smart contact builder, and advanced security features.

The Qtum development goals

The company shared the details about their new project – Qtum mobile wallet for Android and IOS. Their goal was to build a secure user-friendly wallet for the Qtum blockchain platform with all necessary capabilities such as Touch ID, 2FA protection, and transaction templates. UI/UX design for Android and iOS was used for simple navigation. High security was provided by Shamir’s secret encryption and iOS Secure Enclave & Android KeyStore support.

The developers commented on how exactly they managed to achieve such high security in their cryptocurrency wallet development. With the implemented client-side encryption, the Qtum mobile wallet encodes private keys and all transaction data on the client’s mobile device. The user account, private keys, and all transactions are secured before any information reaches a third-party server. The wallet app is also backed with 2-factor authentication, PIN protection, an auto-lock feature, and Touch ID / Face ID biometric authentication.

Important features for performing crypto operations

Mobile wallet development was a complex task, and in the end, Qtum wallet included all the essential features for performing crypto transactions. The wallet is integrated with the top exchanges for crypto trading, works with multiple currencies, includes support for cold-storage account recovery, QR codes leading to a payment widget, and has NFC support to streamline payments. The client will also get notifications about completed transactions and exchange rate changes.

As a result, Qtum wallet from PixelPlex became an easy-to-use, but yet a powerful tool for multicurrency management and tamper-proof peer-to-peer transactions.

Via EPR Network
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Financial, Financial Services, Funding, Funds, Investment, Venture Capital

CoapTech Raises $7 Million in Series B Funding Led by Hunniwell Lake Ventures

Baltimore, MD, 2020-Aug-28 — /EPR FINANCIAL NEWS/ — CoapTech LLC (Baltimore, MD), a leading medical device start-up pioneering the world’s first and only ultrasound-based feeding tube placement system, announced today the closing of a Series B investment of $7 million led by Palo Alto-based medical device venture capital firm Hunniwell Lake Ventures. The financing will be used to fund CoapTech’s commercialization of its FDA-cleared PUMA-G System.

By simplifying gastrostomy procedures to the point where they can be conducted at the patient’s bedside with ultrasound, hospitals using PUMA-G benefit by freeing up surgical suites and personnel resources for COVID and other clinical priorities, minimizing cross-contamination, and improving efficiencies in care.

CoapTech was founded by critical care physician Dr. Steven Tropello and clinical innovation researcher Howard Carolan, to reduce unnecessary delays, harm, and costs for feeding tube placement, a vital therapy for millions of patients each year around the world.

Howard Carolan, CEO and Co-Founder, states: “We have been receiving fantastic feedback from hospitals in our initial launch program, which are using the PUMA-G System to revolutionize feeding tube placement. By using ultrasound at the patient bedside, rather than the conventional approach of orchestrating expensive and inefficient consults, critical care physicians are completing these procedures in minutes, on the same shift a feeding tube is first indicated. We’re seeing early indications those efficiencies result in patients leaving the ICU sooner, which saves hospitals many thousands of dollars per admission. A substantial portion of this new funding is from physicians who have seen the device and believe it can become the new default method for feeding tube placement.”

Dr. Steven Tropello elaborates, “the PUMA-G System is proving itself ready for standard-of-care adoption for safe and timely gastrostomy tube placement. It is also proving a powerful approach in the fight against COVID, by completely eliminating transport of patients, team members, and reprocessed tools throughout the hospital in favor of a sterile, disposable, bedside solution. I am also very excited about other clinical applications of the PUMA platform we are developing and aim to have for patients in the near future.”

This Series B investment was led by Hunniwell Lake Ventures, a Palo Alto-based medical device venture capital firm.

Daniel Teo, Managing Partner at Hunniwell Lake Ventures, further states “Coaptech’s PUMA System has the potential to transform gastrostomy and many other surgical procedures by allowing them to be performed using ultrasound at the bedside, in hospitals, ambulatory centers, skilled nursing facilities, and LTACHs (Long-term Acute Care Hospitals). This also benefits patients by bringing the procedure closer to the Point-of-Demand (PoD) and giving them more options with a larger community of medical providers capable of performing the procedure.

Media contacts:

CoapTech
info@coaptech.com
www.coaptech.com

Hunniwell
info@hunniwell.com
www.hunniwell.com

Via EPR Network
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