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Graph Blockchain Completes Acquisition of Niftable Inc.

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Toronto, Ontario–(Newsfile Corp. – January 28, 2022) – Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A) (the “Company” or “Graph “) is pleased to announce that further to its press release dated January 24, 2022, the Company has completed its acquisition Niftable Inc. (“Nifable”), a charity focused non-fungible token (“NFT”) company. Niftable now is a wholly-owned subsidiary of Graph.

Niftable connects charities and artists to the NFT world providing a platform and expertise for the sale and post-sale NFTs on behalf of charities.

Pursuant to the Share Exchange Agreement (the “Exchange Agreement”) between the Company, Niftable, and the shareholders of Niftable, the purchase price of $2,600,000 was satisfied through the issuance of an aggregate of 52,000,000 Consideration Shares (the “Shares”) in the capital of the Company, at a deemed price of $0.05 per Share.

Issuance of the Shares was subject to the receipt of regulatory approvals including, without limitation, the approval of the Canadian Securities Exchange (the “CSE”) and other conditions, and will be subject to any statutory hold periods under applicable securities legislation.

Michael Yeung, Founder and President of Niftable, commented, “While NFTs were created to give artists management over their work, this has generated a flurry for art collectors looking to participate. As NFT art speculation increases, a growing number of charities have begun to explore fundraising efforts tied to NFTs. Niftables marries the charities with artists as a way to both reach a broader audience. We are excited to be joining the Graph family of companies adding another element of NFTs to their business.”

“Graph’s acquisition of Niftable provides us exposure to the charity NFT market, with hundreds of thousands registered charities globally, and will benefit artists to digitally showcase their talents and give them a segue into the world of charities,” said Paul Haber, Chief Executive Officer of the Company.

About Niftable Inc.

Niftable’s core business is to connect charities and their artists to the NFT (non-fungible token) world. Niftable provides the expertise and execution of NFTs from the creation of the NFT to the sale and post-sale of NFTs on behalf of their charity clients. Most charities rely on volunteers and lack expertise in the emerging NFT world and that is where Niftable fills that void.

Additional information on Niftable is available at www.niftable.org

About Graph Blockchain Inc.

Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance (DeFI). Focusing on altcoins through its wholly-owned subsidiaries Babbage Mining Corp., a Proof of Stake (“POS”) miner, and Beyond the Moon Inc. an IDO focused company, Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains altcoins represent. In addition, through its investment in New World, Graph is providing its shareholders with exposure to the rapidly growing and emerging NFT market.

Additional information on the Company is available at www.graphblockchain.com www.newworldinc.io and www.niftable.org

For further information, please contact:

Investor Relations

Jamie Hyland
Phone: 604.442.2425
Email: [email protected]

Media Relations

Joshua Greenwald / Kristin Cwalinski
Phone: 646.379.7971 / 603.475.3550
Email: [email protected]

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the continued growth of the blockchain market. Forward-looking information in this news release is based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the potential inability of Niftable to continue as a going concern; the risks associated with the blockchain industry in general; increased competition in the blockchain market; the potential future unviability of the blockchain in general. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111908

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Pleo, Danish Fintech Firm, Secures €40 Million Debt Financing from HSBC Innovation Banking

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Pleo, a fintech specializing in B2B spend management, has secured a €40 million debt financing facility from HSBC Innovation Banking UK, a subsidiary of the HSBC Group.

Founded in 2015 by Jeppe Rindom and Niccolo Perra, Pleo offers businesses a comprehensive spend management solution along with company credit cards. Their platform is designed to empower employees to make work-related purchases while ensuring that the company’s finance team maintains control over spending. Pleo’s platform includes various features such as bookkeeping, invoice payments, email synchronization, subscription management, direct reimbursement, and spend categorization.

With the new financing facility, Pleo aims to provide businesses with greater financial flexibility and increased credit limits. This move is part of Pleo’s strategy to attract new customers in emerging markets and currencies. The company’s credit offering is already operational in Germany, Sweden, and the UK, and it was recently launched in Denmark. Pleo plans to further expand its credit solutions across Europe, starting with the Netherlands in the near future.

Amit Kahana, Pleo’s VP of Credit and Treasury, noted that the debt financing facility is available for extension based on future requirements. He emphasized that this funding will enable Pleo to expand its credit options and reach more countries.

Previously, Pleo raised $200 million in a Series C funding round in 2021. Additionally, the company appointed Søren Westh Lonning as its new Chief Financial Officer (CFO) in December.

Source: fintechfutures.com

 

The post Pleo, Danish Fintech Firm, Secures €40 Million Debt Financing from HSBC Innovation Banking appeared first on HIPTHER Alerts.

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Monese and Coreless Banking Subsidiary XYB Secure New Funding Prior to Separation

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Monese, alongside its Platform-as-a-Service (PaaS) subsidiary XYB, has successfully raised fresh funding as part of preparations for the group’s upcoming division into two separate entities.

While the exact total amount of funding and the identities of the investors remain undisclosed by the banking services provider, it has been revealed that XYB specifically attracted capital from both existing and new investors.

Monese had been actively seeking new funding throughout 2024, following its announcement of a £30.5 million loss for the fiscal year 2022.

Late last month, the company officially announced its plans to split from XYB. Although a definitive timeline for this division has not yet been established, it will result in the consumer-facing money app and the XYB unit functioning as distinct companies.

Post-separation, both entities will continue to collaborate on strategic partnerships, as stated in the group’s announcement. Monese will retain its current CEO, Norris Koppel, while XYB will be led by a new CEO, whose appointment is expected to be disclosed in the near future.

Norris Koppel expressed confidence in the separation process, highlighting its potential to unlock growth opportunities for both Monese and XYB. He emphasized that the split will provide each business with the necessary focus to thrive independently.

Source: fintechfutures.com

The post Monese and Coreless Banking Subsidiary XYB Secure New Funding Prior to Separation appeared first on HIPTHER Alerts.

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FloQast Appoints Josh Glover, Former nCino Executive, as President and CRO

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FloQast, a fintech company based in the United States specializing in finance and accounting operations, has appointed Josh Glover, a former executive at nCino, as its new President and Chief Revenue Officer (CRO).

Glover will oversee all go-to-market units, including customer success, sales, marketing, and business development, and will report directly to FloQast co-founder and CEO, Mike Whitmire.

He succeeds Ken Sims, who will transition into the newly created role of Chief Business Development Officer.

Before joining FloQast, Glover spent over 11 years at nCino, a cloud banking technology provider, where he rose through the ranks to become President and CRO, the same title he now holds at FloQast.

Prior to his fintech career, Glover served as a Marine Corps special operations and infantry officer for over a decade, leading four combat deployments, including three tours to Iraq and one to Afghanistan. He has been honored with several awards for his service, including the Bronze Star Medal for valor, the Silver Star Medal, and three Purple Heart Medals, among others.

Whitmire emphasized Glover’s exceptional leadership qualities and extensive experience, stating that he is the ideal candidate to lead FloQast’s revenue growth initiatives.

Founded in 2013, FloQast utilizes AI technology to streamline the month-end closing process. Earlier this month, the company announced the successful conclusion of its Series E funding round, securing $100 million and achieving a post-money valuation of $1.6 billion.

Source: fintechfutures.com

The post FloQast Appoints Josh Glover, Former nCino Executive, as President and CRO appeared first on HIPTHER Alerts.

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