Fintech
F3 Hits Mineralization within 8m of the Athabasca Unconformity
Kelowna, British Columbia–(Newsfile Corp. – July 17, 2023) – F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUF) (“F3” or “the Company“) is pleased to announce scintillometer results from four holes of the ongoing 30-hole summer drill program at the JR Zone on the Patterson Lake North (“PLN”) Property, including 2 high grade intercepts in mineralized intervals that are both within 11m of the Athabasca Unconformity. Drill hole PLN23-073 tested for mineralization 15 meters up-dip of the high grade intercept reported in PLN23-068 on line 060S (see NR July 4, 2023) and intersected mineralization over an 11.5m interval starting 8m below the unconformity, including 0.70m of high grade (>10,000 cps), of which 0.50m was off-scale radioactivity (>65,535 cps) between 225.00m and 225.50m. Drill hole PLN23-074 on line 075S intersected 15.0m of mineralization starting 11m below the unconformity, including 0.20m of high grade (>10,000 cps) between 228.15 and 228.35m.
Raymond Ashley, President, commented:
“We are excited that basement mineralization has been intersected even closer to the Athabasca Unconformity, now within 8m, as this reinforces the potential for an unconformity or sandstone component to the JR Zone mineralization. The discovery of mineralization at the unconformity or in the sandstone would provide a compelling new target for JR Zone expansion drilling. Tests up dip from the JR Zone mineralization are ongoing to define the best possible target at the unconformity for this drill program. The Shea Creek deposit 46km to the north of PLN and the Key Lake deposit on the east side of the basin are examples where basement hosted uranium mineralization extends through the unconformity and into the sandstone. The first step out hole on line 165S did not intersect mineralization but additional drill holes are being planned on that section to continue to expand the footprint along strike of the JR Zone basement mineralization. In addition, exploration drilling along the A1 main shear zone has commenced, and prospective targets will be tested.”
Drilling Highlights:
PLN23-073 (line 060S):
- 11.5m mineralization from 215.5m – 232.0m, including
- 0.70m mineralization of >10,000 cps radioactivity between 225.00m – 225.70m including 0.50m off-scale radioactivity (> 65,535 cps) between 225.00m and 225.50m
PLN23-074 (line 075S):
- 15.0m mineralization from 225.0m – 240.0m, including
- 0.20m of mineralization >10,000 cps between 228.15 and 228.35m
Drilling Intercepts:
PLN23-071 (line 165S):
- No mineralization >300 cps
PLN23-072 (line 690S): Exploration Hole
- No mineralization >300 cps
Natural gamma radiation in the drill core that is reported in this news release was measured in counts per second (cps) using a handheld Radiation Solutions RS-125 scintillometer. The Company considers greater than 300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade and greater than 65,535 cps as off-scale. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. Samples from the drill core are split in half on site and are standardized at 0.5m lengths. One half of the split sample will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK. for lithogeochemical analysis using their “Uranium Package”.
All depth measurements reported are down-hole and true thickness are yet to be determined but the Company estimates true thickness of the reported intervals in this news release to be close to reported interval widths.
Table 1. Drill Hole Summary and Handheld Spectrometer Results
| Collar Information | * Hand-held Spectrometer Results On Mineralized Drillcore (>300 cps / >0.5m minimum) | Athabasca Unconformity Depth (m) | Total Drillhole Depth (m) | |||||||||
| Hole ID | Section Line | Easting | Northing | Elevation | Az | Dip | From (m) | To (m) | Interval (m) | Max CPS | ||
| PLN23-071 | 165S | 587780.0 | 6410597.1 | 545.2 | 53 | -60 | no radioactivity >300 cps | 179.0 | 323 | |||
| PLN23-072 | 690S | 588216.9 | 6410265.7 | 530.3 | 54 | -74 | no radioactivity >300 cps | n.a. | 257 | |||
| PLN23-073 | 060S | 587754.6 | 6410708.7 | 545.6 | 54 | -61 | 215.50 | 216.00 | 0.50 | 320 | 205.5 | 341 |
| 221.00 | 221.50 | 0.50 | 490 | |||||||||
| 221.50 | 222.00 | 0.50 | 1200 | |||||||||
| 222.00 | 222.50 | 0.50 | 520 | |||||||||
| 222.50 | 223.00 | 0.50 | <300 | |||||||||
| 223.00 | 223.50 | 0.50 | 480 | |||||||||
| 223.50 | 224.00 | 0.50 | 330 | |||||||||
| 224.00 | 224.50 | 0.50 | 1600 | |||||||||
| 224.50 | 225.00 | 0.50 | 4900 | |||||||||
| 225.00 | 225.50 | 0.50 | 65500 | |||||||||
| 225.50 | 225.70 | 0.20 | 20800 | |||||||||
| 225.70 | 226.00 | 0.30 | 9000 | |||||||||
| 226.00 | 226.50 | 0.50 | 7600 | |||||||||
| 226.50 | 227.00 | 0.50 | 590 | |||||||||
| 227.00 | 227.50 | 0.50 | 620 | |||||||||
| 227.50 | 228.00 | 0.50 | 860 | |||||||||
| 228.00 | 228.50 | 0.50 | 740 | |||||||||
| 228.50 | 229.00 | 0.50 | 1000 | |||||||||
| 229.00 | 229.50 | 0.50 | 610 | |||||||||
| 229.50 | 230.00 | 0.50 | 720 | |||||||||
| 230.00 | 231.50 | 1.50 | <300 | |||||||||
| 231.50 | 232.00 | 0.50 | 340 | |||||||||
| PLN23-074 | 075S | 587745.9 | 6410683.9 | 545.7 | 56 | -60 | 225.00 | 225.50 | 0.50 | 430 | 209.4 | 314 |
| 225.50 | 226.00 | 0.50 | 1600 | |||||||||
| 226.00 | 226.50 | 0.50 | 580 | |||||||||
| 226.50 | 227.00 | 0.50 | 1900 | |||||||||
| 227.00 | 227.50 | 0.50 | 530 | |||||||||
| 227.50 | 228.00 | 0.50 | 4800 | |||||||||
| 228.00 | 228.15 | 0.15 | 4100 | |||||||||
| 228.15 | 228.35 | 0.20 | 16000 | |||||||||
| 228.35 | 228.50 | 0.15 | 4800 | |||||||||
| 228.50 | 229.00 | 0.50 | 1700 | |||||||||
| 229.00 | 229.50 | 0.50 | 3700 | |||||||||
| 229.50 | 230.00 | 0.50 | 2000 | |||||||||
| 230.00 | 230.50 | 0.50 | 3500 | |||||||||
| 230.50 | 231.00 | 0.50 | 910 | |||||||||
| 231.00 | 231.50 | 0.50 | 2100 | |||||||||
| 231.50 | 232.00 | 0.50 | 810 | |||||||||
| 232.00 | 232.50 | 0.50 | <300 | |||||||||
| 232.50 | 233.00 | 0.50 | 480 | |||||||||
| 233.00 | 233.50 | 0.50 | 3200 | |||||||||
| 233.50 | 234.00 | 0.50 | 2400 | |||||||||
| 234.00 | 236.00 | 2.00 | <300 | |||||||||
| 236.00 | 236.50 | 0.50 | 1900 | |||||||||
| 236.50 | 237.00 | 0.50 | 3100 | |||||||||
| 237.00 | 237.50 | 0.50 | 1100 | |||||||||
| 237.50 | 238.00 | 0.50 | 440 | |||||||||
| 238.00 | 238.50 | 0.50 | 960 | |||||||||
| 238.50 | 239.00 | 0.50 | 1800 | |||||||||
| 239.00 | 239.50 | 0.50 | 1400 | |||||||||
| 239.50 | 240.00 | 0.50 | 770 | |||||||||
Handheld spectrometer composite parameters:
1: Minimum Thickness of 0.5m
2: CPS Cut-Off of 300 counts per second
3: Maximum Internal Dilution of 2.0m
About Patterson Lake North:
The Company’s 4,078-hectare 100% owned Patterson Lake North property (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade world class uranium deposits which is poised to become the next major area of development for new uranium operations in northern Saskatchewan. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR Zone uranium discovery is located 23km northwest of Fission Uranium’s Triple R deposit.
Qualified Person:
The technical information in this news release has been prepare in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by Raymond Ashley, P.Geo., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has verified the data disclosed.
About F3 Uranium Corp.:
F3 Uranium is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world’s largest high grade uranium discovery. F3 Uranium currently has 18 projects in the Athabasca Basin. Several of F3’s projects are near large uranium discoveries including Triple R, Arrow and Hurricane.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds, entry into of a definitive option agreement respecting the Properties, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email: [email protected]
ON BEHALF OF THE BOARD
“Dev Randhawa”
Dev Randhawa, CEO
(See 2 plan maps and 4 cross sections below)
Figure 1: Patterson Lake North Summer 2023 Drill Program Update Map 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_004full.jpg
Figure 2: Patterson Lake North Summer 2023 Drill Program Update Map 2
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_005full.jpg
Figure 3: Patterson Lake North (PLN) JR Zone Cross Section Line 060S Looking 322°
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_006full.jpg
Figure 4: Patterson Lake North (PLN) JR Zone Cross Section Line 075S Looking 322°
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_007full.jpg
Figure 5: Patterson Lake North (PLN) JR Zone Cross Section Line 165S Looking 322°
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_008full.jpg
Figure 6: Patterson Lake North (PLN) JR Zone Cross Section Line 690S Looking 322°
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_009full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/173739
Fintech
Fintech Pulse: Your Daily Industry Brief – Market Moves, Platform Innovations, and Strategic Shifts
Here’s a detailed op-ed-style summary for “Fintech Pulse: Your Daily Industry Brief” based on the provided news articles. This piece will integrate the key insights into a cohesive analysis, aiming for around 7,000 words while maintaining a focus on SEO optimization.
In today’s rapidly evolving fintech ecosystem, market listings, new platform rollouts, and strategic business shifts are driving the industry. As we explore key developments, it’s clear that companies are navigating challenges and opportunities in unique ways. From stock market listings and fintech events to the emergence of new payment solutions and unexpected closures, this briefing will analyze what these movements mean for the broader fintech landscape.
The Payments Group Goes Public: What It Means for the Market
The Payments Group, a notable player in the fintech space, recently made headlines by listing on a major stock exchange. The move marks a strategic step in its growth trajectory, providing an avenue to access broader investment opportunities and improve liquidity for existing shareholders. With this listing, The Payments Group aims to accelerate its expansion plans and invest in innovative payment solutions, thus reinforcing its position in an increasingly competitive market. Source: Finextra
This public debut comes amidst a market environment where investor interest in payment solutions remains strong. The Payments Group’s decision to go public is a strategic response to the rising demand for transparency and growth potential among fintech companies. By leveraging the public market, the firm is positioned to fund new initiatives that could shape the future of digital transactions. This could include investments in cross-border payment solutions, real-time transaction processing, and enhanced customer experience.
However, with this move, the company also faces the challenge of maintaining market expectations while managing regulatory scrutiny that comes with being publicly listed. As investors keep a close eye on quarterly performances, The Payments Group’s ability to deliver on its growth promises will be crucial in determining its long-term market standing.
Hamburg’s Fintech Day: Building Momentum in Europe’s Financial Hub
The first-ever Hamburg Fintech Day 2024 has underscored the city’s ambition to become a major fintech hub in Europe. Industry leaders, startups, and investors gathered to discuss emerging trends, challenges, and collaborative opportunities in the fintech space. This event not only highlighted Hamburg’s growing importance in the fintech ecosystem but also offered a platform for startups to showcase their innovations and attract potential investors. Source: Hamburg Business
Hamburg’s focus on building a strong fintech community is part of a broader trend seen across Europe, where cities are competing to attract talent and capital in the post-Brexit era. The success of the inaugural Fintech Day signals a bright future for the city’s fintech scene. The event also emphasized the importance of partnerships between financial institutions and technology providers, with a focus on fostering an environment conducive to growth and innovation.
For startups, Hamburg’s commitment to nurturing fintech initiatives offers a fertile ground to scale new solutions, especially in areas like digital banking, payment innovations, and sustainable finance. As the fintech ecosystem grows, it could attract more global players, turning Hamburg into a pivotal point for cross-border fintech collaboration in Europe.
Blip Pay: Fintechio’s Bold Move into A2A Payments
Fintechio has introduced a new A2A (Account-to-Account) payments platform called Blip Pay, designed to offer seamless, low-cost transactions for businesses and consumers alike. This new platform aims to simplify the payment process by enabling direct bank transfers without the need for traditional intermediaries like credit card networks. Source: Fintech Futures
Blip Pay’s focus on efficiency and cost-effectiveness positions it as a potential disruptor in the payments space. As businesses increasingly seek to minimize transaction costs, A2A payments have gained traction as a viable alternative. By offering direct transfers, Fintechio can attract businesses looking to streamline their payment processes and improve cash flow management.
In a market saturated with digital wallets and peer-to-peer payment platforms, Blip Pay’s value proposition hinges on its ability to provide faster and more affordable transactions. However, the success of this platform will largely depend on its ability to scale and integrate with various banking infrastructures. As the A2A market expands, competition is likely to intensify, with other fintechs and traditional banks developing similar solutions. Fintechio’s challenge will be to differentiate Blip Pay through superior user experience, security, and strategic partnerships with banks.
SoFi Technologies: Staying Resilient Amid Industry Turbulence
SoFi Technologies, Inc., a key player in the digital banking and financial services space, continues to navigate the challenges of the evolving fintech market. Recently, the company has been focusing on expanding its offerings, including the introduction of new products that cater to diverse financial needs. Source: Yahoo Finance
SoFi’s strategy is centered around becoming a one-stop-shop for financial services, offering products ranging from personal loans and mortgages to investment opportunities and banking services. This diversified approach has helped SoFi build a strong user base, with a significant portion of its revenue coming from its lending products.
However, the competitive nature of the digital banking space means that SoFi must constantly innovate to maintain its edge. The company faces pressure from both established banks adapting to digital trends and new fintech entrants offering niche solutions. Additionally, regulatory changes, particularly those related to digital lending and data privacy, pose potential challenges to SoFi’s growth plans.
Despite these challenges, SoFi’s adaptability and focus on customer-centric services have allowed it to maintain resilience. Its ability to anticipate market shifts and respond with tailored solutions will be key to sustaining growth in the long term.
CapWay’s Closure: A Reflection on the Tough Road for Fintech Startups
In a surprising turn of events, CapWay, a Y Combinator-backed fintech company, has shut down its operations. CapWay aimed to provide financial services to underserved communities, focusing on bridging gaps in access to banking and financial education. The closure reflects the broader challenges faced by fintech startups, especially those targeting niche markets. Source: TechCrunch
CapWay’s downfall highlights the complexities of building a sustainable business model in the competitive fintech sector. While its mission to serve unbanked and underbanked populations was laudable, the company faced difficulties in scaling its services and attracting enough users to achieve profitability. Additionally, competition from larger players offering similar financial inclusion solutions likely added pressure.
The shutdown serves as a reminder that the fintech landscape is unforgiving, even for companies with strong backing and a clear mission. For startups in this space, the ability to rapidly scale and adapt to changing market conditions is essential for survival. As the industry continues to evolve, we may see more consolidation and exits as companies grapple with operational and financial challenges.
Navigating the Future: What’s Next for the Fintech Ecosystem?
As we digest these developments, it’s clear that the fintech industry remains in a state of flux. Companies like The Payments Group and SoFi are adapting to market dynamics through public listings and product diversification, while events like Hamburg’s Fintech Day emphasize the importance of building regional hubs of innovation. At the same time, new solutions like Blip Pay show the continued drive toward payment efficiency, while the closure of companies like CapWay underscores the harsh realities of the startup world.
The future of fintech will be shaped by several key trends:
- Regulatory Adaptation: As fintechs move into new areas like A2A payments and digital lending, regulatory frameworks will evolve. Companies that proactively engage with regulators to ensure compliance will have a competitive advantage.
- Partnerships and Ecosystems: The importance of partnerships between fintech startups and traditional financial institutions will grow. These collaborations can drive innovation while offering stability and access to larger customer bases.
- Focus on User Experience: As competition intensifies, user experience will become a key differentiator. Fintechs that invest in intuitive interfaces, customer support, and seamless integrations will be better positioned to attract and retain users.
- Financial Inclusion as a Market Driver: Despite the challenges, financial inclusion remains a major focus for the industry. The success of initiatives targeting underserved communities could redefine market dynamics, especially in emerging markets.
As these trends unfold, stakeholders across the fintech ecosystem must stay agile and open to change. While the road ahead is uncertain, the potential for growth and innovation remains immense. For those who can adapt to the shifting landscape, the rewards will be substantial.
Conclusion: The Evolving Dynamics of Fintech
The fintech sector’s latest moves reveal a dynamic industry where innovation, competition, and adaptation define success. Whether it’s The Payments Group’s stock market debut, SoFi’s strategic diversification, or the promising launch of Blip Pay, each story contributes to the ongoing narrative of a market in transformation. Even the closure of CapWay serves as a crucial reminder of the risks inherent in the industry. By understanding these shifts and anticipating future trends, businesses and investors can better navigate the complexities of the fintech world.
This article offers a comprehensive look into the latest developments, emphasizing key industry trends and the strategic moves by major players. By focusing on these elements, it serves as an in-depth analysis tailored for your daily news briefing.
The post Fintech Pulse: Your Daily Industry Brief – Market Moves, Platform Innovations, and Strategic Shifts appeared first on HIPTHER Alerts.
The Payments Group launched today, a group of four cooperating specialist fintech and paytech businesses. TPG brands operate in a combined 190 countries, are used for payments on tens of thousands of apps/websites, and its cash services are available at 550,000 physical retail locations worldwide. TPG’s four fintech brands had a net revenue of €10 million in the last financial year and its founders are confident of navigating a ‘ruthless’ payments market under the new brand and business structure.
TPG consists of Funanga, Calida Financial, TWBS, and Surfer Rosa, and is joining forces with a company until recently named SGT German Private Equity and renamed to The Payments Group Holding (PGH).
TPG offers a comprehensive range of online payment services, including embedded financial services, prepaid technologies, and global payment and payout solutions. It enables any company to accept seamless digital, cash, and card payments across borders and in multiple currencies. It provides truly embedded and seamless 360-degree payment service which ensure end users never have to leave their chosen site/service/app to make a payment – which is the biggest point of friction in the payment journey.
TPG links the old and new worlds of payments, with an ecosystem of payment products and services that cover virtually any payment scenario – including cash-to-digital transactions, prepaid payment cards, evouchers, digital payments, contactless & QR payments. TPG enables major brands to develop and launch their own bespoke payment products quickly and easily, often in just two weeks. Major customers include Razer, for which TPG distributes all physical Razer Gold gift cards and powers its online vouchers.
“No one cares how payments work. They only care that they work,” said The Payments Group co-founder and CEO, Jens Bader. “There is no brand loyalty, and it is a ruthless market. If a customer experiences any friction, they abandon their purchase. The minute you fall behind the market standards, merchants look elsewhere. This may sound daunting, but we are obsessive about payments, and we are built to thrive in harsh conditions.”
“We are a 360-degree payments business that can deliver any payment product to solve any payment challenge put in front of us. Even though we are new to the market as TPG, we already have everything we need to become a major player in payments 3.0. We have the payments experience needed to be a trusted consultancy partner, the software development skills to bring new products to market quickly, and the operational and regulatory know-how to manage programs in an ever-changing market.”
TPG services include:
Embedded payments services
TPG delivers embedded payment products on a project basis, acting as an experienced payment consultancy with an advanced software development arm. It offers highly bespoke products to fit the needs and business models of its partners, with the agility to deliver brand new fully-licensed products from start to finish in weeks. These products can include white-labelled e wallets, payment processing, virtual IBANs and backend systems. Unlike other payment partners that stitch together multiple third-party services and redirect customers to a payment service, TPG’s white label programs are an all one service. This means that the customer never leaves the app/site/program during the payment process.
Bespoke prepaid programs
TPG develops and manages an array of pre-paid programs for merchants including gift cards, vouchers, prepaid payment cards. This includes being the exclusive payment partner of Razer Gold, the gift-card scheme from video game giant, Razer. Every Razer Gold voucher sold in Europe is sold via TPG. TPG prepaid programs can be closed or open loop, giving merchants flexibility to strictly control the kinds of payments they receive.
Cash payments
Cash remains an essential part of the global payments mix, and is the most popular and inclusive payment method worldwide. The popular CashtoCode service operated by Funanga (now TPG) enables customers to top up their pre-paid cards and digital accounts using cash at more than 550,000 petrol stations, newsagents, supermarkets, and other Point of Sale locations. It can be used by anyone with access to a smartphone or computer, as a secure, reliable payment solution for cash-first customers and the unbanked. For merchants, TPG makes it easy to integrate a cash solution into their wider payment strategy and appeal to cash-first customers.
The post The Payments Group launches and lists on stock exchange appeared first on HIPTHER Alerts.
Mews , a cloud SaaS and fintech platform that serves the hospitality industry, has announced today the appointment of Steve Cakebread to the company’s board.
Cakebread is famed for leading the financial teams that took Salesforce, Pandora and Yext to IPO and is the author of “The IPO Playbook: An Insider’s Perspective on Taking Your Company Public and How to Do It Right.”
Cakebread serves on the board of Bill.com, which went public in December 2019, and sat on the boards of SolarWinds and eHealth. Earlier in his career, he served as CFO for Autodesk, VP of Finance for Silicon Graphics (now SGI), and Director of Finance at Hewlett-Packard.
Matt Welle, CEO of Mews, commented, “Steve’s capital markets experience is renowned, having led Salesforce, Pandora and Yext through IPOs and beyond. He has a deep understanding of building teams, governance and accountability, which will be instrumental in our growth journey. We are delighted that Steve joins the board at such a crucial time in our growth.”
Mews founder, Richard Valtr, added, “Steve is a seasoned leader with phenomenal experience leading financial teams to success. His invaluable knowledge and strategic oversight are exactly what we need to navigate Mews’ next chapter, support our aggressive growth plans, and cement our position as the market leader in cloud hospitality.”
Cakebread’s appointment comes as Mews experiences exponential growth. In the last 12 months, Mews has reached unicorn status with a valuation crossing $1.2 billion, seen a 250% increase in customers in North America, and achieved over 25 million check-ins at hotels worldwide. Mews recently announced $100m in new financing from Vista Credit Partners to further fuel its organic growth and M&A program through its investment arm, Mews Ventures.
“Mews has a colossal opportunity in the hospitality software and payments markets, sized at over $20 billion, driven by widespread adoption of cloud-based technology. Mews has achieved market penetration in core geographies, serving more than 5,500 hospitality brands worldwide, and is well poised to become the market leader. A key enabler of the company’s success is its marketplace which sees over 1,000 integrations on its platform, offering hoteliers the best solutions to build tailored tech stacks for their needs.”
He added, “Mews has the people and the passion to deliver on its mission and transform hospitality and beyond. The team is driving impressive product development and flawless execution, powering its growth trajectory. I am excited to be a part of Mews’ continued success and to work with the leadership team to accelerate the company’s next phase.”
Mews is trusted by the world’s most innovative hospitality brands, including BWH Hotels, Strawberry and Lark Hotels.
The post Mews announces SaaS IPO icon, Steve Cakebread, to join its board appeared first on HIPTHER Alerts.
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