Fintech
Givex Information Technology Group Limited (Formerly County Capital 2 Ltd.) Announces Completion of Qualifying Transaction
Toronto, Ontario–(Newsfile Corp. – November 25, 2021) – Givex Information Technology Group Limited (formerly County Capital 2 Ltd.) (“Givex” or the “Corporation“) (TSXV: CTWO.P), is pleased to announce that it has completed the acquisition (the “Qualifying Transaction“) of all of the issued and outstanding securities of Givex Corporation (“Prior Givex“), constituting its “Qualifying Transaction” within the meaning of Policy 2.4 – Capital Pool Companies of the TSX Venture Exchange (the “TSXV“). Prior to completion of the Qualifying Transaction, the Corporation effected a consolidation (the “Consolidation“) of its outstanding common shares on the basis of one post-Consolidation common share for every 9.1871 pre-Consolidation common shares and changed its name from “County Capital 2 Ltd.” to “Givex Information Technology Group Limited”.
“Completing our go-public transaction, including an upsized financing of $22 million, in under three months from announcement, is a testament to the extraordinary efforts undertaken by everyone involved,” commented Don Gray, CEO of Givex. “We’re excited at what the future has in store for Givex, now that we have full access to the public markets”, continued Mr. Gray. “We’re grateful to our long-term and new shareholders for placing their trust in us as we continue Givex’s march towards solidifying its position among the world’s leading fintech companies.”
The Qualifying Transaction was completed by way of a business combination pursuant to which, among other things: (a) Prior Givex merged with County Subco Corp. (the “Merger“), an entity incorporated for the purposes of the Merger, pursuant to the provisions of the International Business Companies Act (Bahamas) (the “IBCA“), following which Givex Corporation (“Mergeco“) survived as the successor corporation; (b) all of the class A ordinary shares of Prior Givex (“Prior Givex Class A Shares“), including those issued as a result of the conversion of the Subscription Receipts (as defined below), class B ordinary shares of Prior Givex and class C preference shares of Prior Givex outstanding immediately prior to the Merger were exchanged for class A ordinary shares of Mergeco (the “Mergeco Shares“), which Mergeco Shares were subsequently exchanged with the Corporation for post-Consolidation common shares of the Corporation (each, a “Resulting Issuer Share“) on the basis of one Mergeco Share for one Resulting Issuer Share (the “Exchange Ratio“); and (c) all convertible securities of Prior Givex were exchanged for convertible securities of the Corporation on economically equivalent terms on the basis of the Exchange Ratio as further described in the filing statement of the Corporation.
The Corporation has received conditional approval from the TSXV and the Toronto Stock Exchange (the “TSX“) to de-list the Resulting Issuer Shares from the TSXV and concurrently list the Resulting Issuer Shares on the TSX under the ticker symbol “GIVX”. Final approval will occur upon the issuance of the final exchange bulletin by the TSX. It is anticipated that trading of the Resulting Issuer Shares under the new ticker symbol will commence on the TSX on or about December 1, 2021.
Immediately following completion of the Qualifying Transaction, Tyler Lang and Paul Dinelle resigned from their positions as officer and directors of the Corporation, as applicable, Rob Munro resigned from his position as officer of the Corporation and Jeff Hergott resigned from his position as a director of the Corporation, and the following individuals were appointed as officers and directors of the Corporation:
- Don Gray, Chief Executive Officer and Director
- Jim Woodside, Chief Financial Officer and Director
- Michael Carr, Lead Independent Director
- Robert Munro, Director
- Miles Evans, Director
- Brittain Brown, President
- Graham Campbell, Chief Operating Officer
- Mo Chaar, Chief Commercial Officer
- Debra Demeza, Executive Vice President, Human Resources
- Jeff Hergott, Corporate Secretary
Immediately before the completion of the Qualifying Transaction and upon the satisfaction of certain escrow release conditions, each of the 22,000,000 subscription receipts (the “Subscription Receipts“) issued by Prior Givex on November 12, 2021 pursuant to a concurrent brokered and non-brokered private placement (the “Subscription Receipt Financing“) were automatically converted, for no additional consideration, into one Prior Givex Class A Share and one-half of one Prior Givex Class A Share purchase warrant (each whole warrant, a “Prior Givex Warrant“), with each Prior Givex Warrant exercisable to purchase one Prior Givex Class A Share at a price of $1.25 until November 25, 2023. In connection with the Merger, all such Prior Givex Class A Shares and Prior Givex Warrants were exchanged for Resulting Issuer Shares and warrants of the Corporation on economically equivalent terms (“Resulting Issuer Warrants“) on the basis of the Exchange Ratio.
In connection with the Subscription Receipt Financing, Prior Givex issued an aggregate of 1,538,600 compensation options (the “Prior Givex Compensation Options“) to certain agents and advisors, each Prior Givex Compensation Option exercisable to acquire one unit of Prior Givex comprising of one Prior Givex Class A Share and one-half of one Prior Givex Warrant at a price of $1.00 per unit until November 25, 2023. In connection with the Merger, all such Prior Givex Compensation Options were exchanged for compensation options of the Corporation on economically equivalent terms (“Resulting Issuer Compensation Options“) on the basis of the Exchange Ratio.
No fractional Resulting Issuer Shares were issued pursuant to the Consolidation. If, as a result of the Consolidation, a holder of pre-Consolidation common shares was otherwise entitled to a fraction of a Resulting Issuer Share, the number of Resulting Issuer Shares issuable to such holder was rounded down to the nearest whole number.
Following completion of the Qualifying Transaction, there are 115,108,304 Resulting Issuer Shares outstanding, of which 90,213,300 Resulting Issuer Shares, representing approximately 78.37% of the currently issued and outstanding Resulting Issuer Shares, are held by the former holders of Prior Givex shares (not including the Prior Givex shares issued upon the conversion of the Subscription Receipts). An aggregate of 65,120,081 Resulting Issuer Shares are subject to a contractual hold period negotiated with agents in the Subscription Receipt Financing, pursuant to which 50% of such shares shall become freely tradeable on each of the dates that is 180 days and 270 days following completion of the Qualifying Transaction (the “Lock-Up“).
For further information regarding the Qualifying Transaction and the Corporation, please see the Filing Statement of County Capital 2 Ltd. dated November 14, 2021, which is available on SEDAR at www.sedar.com, as well as the Corporation’s news releases dated September 8, 2021, October 5, 2021, October 12, 2021, October 14, 2021, November 12, 2021 and November 15, 2021.
Shareholder Meetings
The Corporation also announces that all matters submitted to shareholders for approval as set out in detail in the Corporation’s management information circular (the “Circular“) dated October 26, 2021 were approved at the special meeting of the shareholders of the Corporation held on November 24, 2021 (the “Meeting“).
Further information regarding the resolutions passed at the Meeting can be found in the Circular, which is available on the Corporation’s profile on SEDAR at www.sedar.com.
Grant of RSUs
The Corporation also announces that today it has granted a total of 3,785,000 restricted share units pursuant to the Restricted Share Unit Plan of the Corporation approved at the Meeting.
Early Warning Disclosure
As a result of the Qualifying Transaction, Krane & Company Inc., a company incorporated under the IBCA, acquired direct ownership of 37,665,075 Resulting Issuer Shares, representing approximately 32.72% of the issued and outstanding Resulting Issuer Shares. Such Resulting Issuer Shares are subject to the Lock-Up. Prior to completion of the Qualifying Transaction, Krane & Company Inc. did not have ownership of, or exercised control or direction over, any voting or equity securities of the Corporation. The sole shareholder of Krane & Company Inc. is Drake and Noseworthy Trust, of which Don Gray, Chief Executive Officer and Director of the Corporation and Debra Demeza, Executive Vice President, Human Resources of the Corporation, are beneficiaries. Don Gray holds 1,250,000 stock options to acquire Resulting Issuer Shares and Debra Demeza holds 250,000 stock options to acquire Resulting Issuer Shares and 1,826,700 restricted share units of the Corporation. Assuming the exercise of the foregoing stock options of the Corporation and the vesting of the foregoing restricted share units of the Corporation, Don Gray and Debra Demeza would indirectly own or control approximately 34.61% of the issued and outstanding Resulting Issuer Shares on a partially diluted basis. Krane & Company Inc., Don Gray and Debra Demeza each may, from time to time, take such actions in respect of their respective holdings in securities of the Corporation as they may deem appropriate, in light of the circumstances then existing, including the purchase of additional Resulting Issuer Shares or other securities of the Corporation or the disposition of all or a portion of the their respective securityholdings in the Corporation, subject in each case to applicable securities laws, the Lock-Up and the terms of such securities, as applicable. An early warning report will be filed by Krane & Company Inc., Don Gray and Debra Demeza in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Don Gray at 416-350-9660 (ext. 2227).
As a result of the Qualifying Transaction, RBC Trustees (Jersey) Limited, as trustee of JPE Trust, acquired, through its wholly owned subsidiary, Inter.Act Venture Fund Inc., control and direction of 18,630,660 Resulting Issuer Shares, representing approximately 16.19% of the issued and outstanding Resulting Issuer Shares. Such Resulting Issuer Shares are subject to the Lock-Up. Prior to completion of the Qualifying Transaction, RBC Trustees (Jersey) Limited, as trustee of JPE Trust did not have ownership of, or exercise control or direction over, any voting or equity securities of the Corporation. JPE Trust is discretionary in nature and no one beneficiary has any pre-determined entitlement to trust assets. In the future, subject to the Lock-Up and any other applicable restrictions, the JPE Trust /Inter.Act may discuss with management and/or the board of directors of the Givex any of the transactions listed in clauses (a) to (k) of item 5 of Form F1 of National Instrument 62-103 – The Early Warning System and Related Take-over Bid and Insider Reporting Issues and may further purchase, hold, vote, trade, dispose or otherwise deal in the securities of the Givex, in such manner as deemed advisable to benefit from changes in market prices of the Givex’s securities, publicly disclosed changes in the operations of the Givex, its business strategy or prospects or from a material transaction of the Givex. An early warning report will be filed by RBC Trustees (Jersey) Limited, as trustee of JPE Trust, in accordance with applicable securities laws. The address for RBC Trustees (Jersey) Limited, as trustee of JPE Trust is Gaspé House, 66-72 Esplanade, St Helier, Jersey JE2 3QT. To obtain a copy of the early warning report, please contact Marc Ladouceur at 416-473-4070.
About Givex
Givex is a fintech company with a 20-year track record of sustainable, profitable growth that has developed and commercialized a cloud-based, omnichannel technology platform, seamlessly integrating gift and loyalty programs, point of sale systems and flexible payment services to enterprise level retail and hospitality merchants across the globe. With clients including some of the world’s largest brands, Givex’s platform is currently deployed in over 90,000 client locations across 70 countries.
For further information please contact:
Givex Information Technology Group Limited
134 Peter St, Toronto, ON M5V 2H2
Attn: Joe Donaldson
Telephone: 416.350.9660
Email: [email protected]
Website: www.givex.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statement Regarding Forward-Looking Information
This press release contains certain forward-looking statements, including statements about the Corporation’s future plans and intentions, and the trading of the Resulting Issuer Shares on the TSX. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Corporation cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Fintech
Asian Financial Forum held next week as the region’s first major international financial assembly of 2025
The 18th Asian Financial Forum 2025 (AFF), co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), will be held at the Hong Kong Convention and Exhibition Centre (HKCEC) on 13 and 14 January (Monday and Tuesday). As the region’s first major international financial conference in 2025, the forum will examine the landscape for new business opportunities in various industries and regions in the coming year and promote global cooperation, and is expected to attract more than 3,600 finance and business heavyweights.
Themed “Powering the Next Growth Engine”, the AFF will bring together more than 100 global policymakers, business leaders, financial experts and investors, entrepreneurs, tech companies and economists to share their views on the shifting global economic landscape and financial ecosystem. These industry experts will dissect the risk management strategy, discover new business opportunities, and explore how Hong Kong can seek breakthroughs in a period of change.
First flagship financial event to showcase Hong Kong’s financial strengths
Launched in 2007, the AFF has become a flagship financial event for Hong Kong and the broader region, highlighting the city’s pivotal role as a globally renowned financial hub with a highly competitive economic and business environment. Amid a rapidly changing global macroeconomic landscape, and shifts in geopolitical dynamics and monetary policies, Hong Kong’s financial services sector continues to leverage its strengths across various domains, drawing on its world-class business infrastructure and robust regulatory regime to help drive cooperation and mutual success across Asia and around the world.
Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR Government, said: “Hong Kong’s financial market went through a lot of reforms and innovation last year. We have also launched a roadmap on sustainability disclosure in Hong Kong and issued a policy statement on responsible application of artificial intelligence in the financial market with a view to boosting green finance and sustainable financing. The upcoming Asian Financial Forum will gather the top-tier of the financial and various sectors from all around the world, the Mainland and in Hong Kong and hence is the perfect occasion for us to showcase to the world the new momentum and latest advantages of Hong Kong in the financial realm. Participants will also have a chance to learn more about how Hong Kong can partner with them to explore new collaborations and development areas while expanding their network here.”
Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive Officer, Hong Kong, of HSBC, said: “The global economy faces greater uncertainties in 2025 compared to 2024. However, robust growth in India and ASEAN nations, combined with increased policy support from Mainland China, is expected to keep Asia’s (ex-Japan) GDP growth at a strong 4.4%, well above the global average of 2.7%.” Against this backdrop, this year’s Asia Financial Forum is aptly themed “Powering the Next Growth Engine” and will focus on high-potential markets such as ASEAN, the Middle East (particularly the Gulf Cooperation Council countries), and the role that Hong Kong can play. Ms Lim said Hong Kong’s unique role as a bridge between the mainland and international markets allows it to support mainland enterprises expanding globally. She added that Hong Kong is committed to attracting global talent and investors, driving growth for both mainland and international businesses.
Patrick Lau, HKTDC Deputy Executive Director, said: “As we move into the new year, different economies around the world are facing challenges in maintaining economic growth. As an international financial centre, Hong Kong is playing an important role both as a ‘super-connector’ and a ‘super value-adder’ to link the world, enabling investors and fundraisers to leverage the city’s professional services and investment platforms to facilitate collaboration and create business opportunities. This year’s forum not only brings together heavyweight speakers and thought leaders but also builds on the success of previous years to provide a business platform for international participants, promoting financial and business cooperation and working together to launch new engines for growth.”
Exploring new trends as the world’s economic centre of gravity continues its shift east
Reflecting on a trend where the world’s economic centre of gravity continues to take an eastward shift, Christopher Hui will host two plenary sessions on emerging prospects in the region on the first day of the forum (13 January). The morning session of Plenary Session I will feature H.E. Adylbek Kasymaliev, Prime Minister of Kyrgyzstan, finance ministers from countries such as Pakistan and Luxembourg, and Yoshiki Takeuchi, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), who together will explore the financial policy outlook for 2025. In the afternoon, Plenary Session II will bring together leaders from multilateral organisations to share their views on the role of multilateral cooperation in regional economic development. Speakers will include Roberta Casali, Vice-President, Finance and Risk Management, Asian Development Bank; Jin Liqun, President and Chair of the Asian Infrastructure Investment Bank (AIIB); and Satvinder Singh, Deputy Secretary-General for ASEAN Economic Community, Association of Southeast Asian Nations (ASEAN). Moreover, a new session, the Gulf Cooperation Council Chapter, will bring together HE Jasem Mohamed AlBudaiwi, Secretary General of the Gulf Cooperation Council (GCC), speakers from the Middle East and local experts to discuss prospects in fostering financial cooperation and investment between the member states of the GCC and Hong Kong.
Also on the first day, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, will host the Policy Dialogue session with speakers including European representatives such as Philip Lane, Chief Economist and Member of the Executive Board of the European Central Bank, and Dr Olli Rehn, Governor of the Bank of Finland. The discussion will explore the opportunities and challenges arising from the global shift towards more accommodative monetary policies and national authorities’ strategic deployment of measures to revitalise their economies and accelerate growth through innovation.
The panel discussion on China Opportunities returns this year with senior figures invited to analyse investment prospects under China’s commitment to technological innovation and its impact on global business. The panellists included Li Yimei, Chief Executive Officer of China Asset Management; and Ken Wong, Executive Vice President of Lenovo and President of Lenovo Solutions & Services Group.
Top economist and leading AI expert take the stage at keynote luncheons
Another highlight of this year’s AFF will be the two keynote luncheons featuring thematic speeches by two distinguished guests: Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012), and Prof Stuart Russell, Co-chair of the World Economic Forum Council on AI. These two prominent figures will dissect the evolution of the global economic landscape amid changing international dynamics, and examine how artificial intelligence (AI) is emerging as a new driving force for rapid global economic growth respectively.
Exploring hot topics in the financial and economic sectors
The afternoon panel discussion, Global Economic Outlook, will feature a special address from Liu Haoling, Vice Chairman, President and Chief Investment Officer, China Investment Corporation. The panel will analyse international economic trends and provide insights into business opportunities and wealth accumulation in emerging industries and regions in 2025.
Other sessions titled Global Spectrum, Dialogues for Tomorrow and Thematic Workshop will feature in-depth discussions focusing on the latest industry trends, including AI, Web 3.0, sustainability, philanthropy and family offices. As AI becomes increasingly widespread and diversified in its societal applications, the second day of the forum will introduce a special session, Dialogue with Kai-Fu Lee, in which Dr Kai-Fu Lee, Chairman of Sinovation Ventures, will discuss the transformative power of AI and its impact on technological advancements in the global business ecosystem.
Exploring the impact of sustainable disclosure on investment strategies
Sustainable finance and environmental, social and governance (ESG) considerations have become an irreversible global trend. In 2025, Hong Kong is set to fully align its regulatory framework with the sustainability disclosure standard of the International Sustainability Standards Board (ISSB). Sue Lloyd, Vice Chair of the ISSB, will join other experts in discussing how adopting international financial sustainability disclosure standards can strengthen market confidence in Hong Kong’s capital markets, address post-COP29 implementation in Asia, and share strategies for sustainable investing across three separate sessions. In addition, the Breakfast Panel on the second day will focus on the flows of transition finance in shaping a sustainable future in the Greater Bay Area and beyond. Furthermore, the HKTDC has partnered with EY to conduct a joint market survey on sustainable development, aiming to explore the views and practices of Asian businesses and investors on topics such as sustainability reporting, sustainable finance and preparations for dealing with climate change. The results of the survey will be unveiled on the first day of the forum.
Expanding cross-border opportunities through the HK global investment platform
As a key element of this year’s forum, AFF Deal-making offers one-on-one matching services for project owners and investors. More than 270 investors and 560 projects are expected to participate, with investment opportunities across industries such as environmental, energy, clean technology, food and agriculture tech, healthcare tech, fintech and deep technology. The exhibition sections of the AFF – Fintech Showcase, InnoVenture Salon, FintechHK Startup Salon and Global Investment Zone – will attract more than 130 local and global exhibitors, international financial institutions, technology companies, start-ups, investment promotion agencies and sponsors, including Knowledge Partner EY, HSBC, Bank of China (Hong Kong), Standard Chartered Bank, UBS, Prudential, China International Capital Corporation (CICC), Huatai International and more. Notably, the InnoVenture Salon will provide a platform for more than 100 start-ups to showcase innovative technologies in a variety of fields such as finance, regulation, sustainability, health and agriculture, supported by more than 110 Investment Mentors and Community Partners.
IFW 2025 creates synergies with AFF to boost mega event economy
International Financial Week (IFW) 2025 runs from 13 to 17 January with the AFF as its highlight event. This year’s IFW will feature more than 20 partner events, covering a wide range of global financial and business topics, including private equity, family offices, net-zero investing and generative AI. As the region’s first major financial event of the year, the AFF attracts top global enterprises and leaders to Hong Kong, creating connections between capital and opportunities. The forum assists industry professionals in seizing opportunities in the new year and helps promote the mega event economy in Hong Kong.
This year, the AFF has collaborated with various organisations to provide special travel, dining and shopping discounts and privileges for overseas participants joining the event. Activities include Peak Tram and Sky Terrace trips, the iconic Aqua Luna red-sail junk boat, and guided tours of Man Mo Temple and Tai Kwun arranged by the Hong Kong Tourism Board. Participants can also enjoy dining discounts and guided tours from the Lan Kwai Fong Group, as well as the Winter Wonderland at the Hong Kong Jockey Club’s Happy Wednesday at Happy Valley Racecourse, all designed to immerse overseas visitors in the vibrancy and diversity of Hong Kong.
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As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
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Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
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