Fintech
Peak Addresses Shareholder Inquiries About Subscription to Corporate Bond Offering
Montreal, Quebec–(Newsfile Corp. – April 30, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (“Peak” or the “Company”) today would like to address inquiries that it has received from several shareholders about the eligibility requirements to take part in the Company’s recently announced private placement offering of brokered secured corporate bonds and warrants (the “Offering”).
The Offering is currently only available to accredited investors, but given the level of interest to subscribe to the Offering that the Company has received from shareholders that are not accredited investors, the Company will consider amending the eligibility requirements to allow existing shareholders that are not accredited investors to subscribe to the Offering. However, that will only occur if a sufficient number of shareholders formally express their desire to subscribe to the Offering. Shareholders who would like to do so can simply send an email to investors@peakpositioning.com with the subject line: PKK 2020 Corporate Bond. The email will need to include the shareholder’s full name, daytime phone number, the desired subscription amount and must be sent to the Company by no later than 5:00pm EST on Wednesday May 6, 2020. All such subscription requests received by the Company will be considered for the second closing of the Offering planned for mid-May.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakpositioning.com
For more information, please contact: | ||
CHF Capital Markets | Peak Positioning Technologies Inc. | Twitter: @PeakPositioning |
Cathy Hume, CEO | Johnson Joseph, President and CEO | Facebook: @peakpositioning |
416-868-1079 ext.: 251 | 514-340-7775 ext.: 501 | LinkedIn: Peak Positioning |
cathy@chfir.com | investors@peakpositioning.com | YouTube: Peak Positioning |
Forward-Looking Statements / Information:
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
Fintech
Fintech Pulse: Your Daily Industry Brief (Paytm, KKR, Maya, TransUnion, Monevo, WeBank)
In today’s Fintech Pulse, we delve into a series of developments shaping the financial technology landscape. From corporate acquisitions to market expansions, the global fintech ecosystem continues to showcase its resilience and adaptability.
Paytm’s Loss Narrows as Payment Business Expands
India’s fintech juggernaut, Paytm, reported a narrower sequential loss before one-off items, highlighting the effectiveness of its growth-driven strategies. The company’s payments business continues to thrive, propelling significant revenue increases. Paytm’s trajectory signals a pivotal phase for digital payment platforms in India as they adapt to the evolving regulatory environment and burgeoning user base. This trend also underscores the increasing importance of profitability metrics for publicly listed fintech firms.
Source: Reuters
KKR Plans to Divest Stake in Philippine Fintech Maya
Global investment firm KKR is reportedly exploring the sale of its stake in Maya, a leading fintech company in the Philippines. Maya, which combines digital banking with payment solutions, has been a key player in Southeast Asia’s fintech revolution. The potential divestment by KKR could signify a strategic recalibration aimed at optimizing its portfolio amidst growing investor interest in the region’s financial technology sector.
Source: PYMNTS
A Visual Win: Fintech Brand’s Logo Garners Acclaim
Brand identity remains a critical factor in fintech success, as demonstrated by a recent design overhaul that earned widespread acclaim. A prominent fintech company’s sleek new logo—featuring modern typographic elements and a minimalist aesthetic—has been lauded for effectively encapsulating the brand’s vision. This move highlights the rising significance of visual storytelling in establishing a robust market presence.
Source: Creative Bloq
TransUnion to Acquire Monevo
TransUnion has announced its intent to acquire Monevo, a credit prequalification and distribution platform. The acquisition underscores TransUnion’s commitment to enhancing its offerings in consumer financial services, particularly in credit access and management. Monevo’s innovative platform provides lenders with tools to streamline prequalification processes, aligning with TransUnion’s broader digital transformation goals.
Source: FFNews
WeBank Embarks on Global Expansion
China’s WeBank Technology Services is setting its sights on international markets as part of an ambitious expansion strategy. Renowned for its cutting-edge fintech solutions, WeBank aims to bring its expertise to new geographies, emphasizing digital banking and blockchain applications. This initiative signals China’s growing influence in the global financial technology arena and sets the stage for increased cross-border collaboration.
Source: PRNewswire
Reflections and Projections
The stories highlighted today offer a lens into the dynamic world of fintech. The narrowing losses of Paytm reflect a broader trend of maturation among digital payment platforms. Meanwhile, the potential stake sale in Maya signals the ebb and flow of investor priorities in Southeast Asia’s burgeoning fintech ecosystem.
TransUnion’s acquisition of Monevo and WeBank’s global ambitions further exemplify the convergence of innovation and strategic expansion. The increasing emphasis on branding, as illustrated by the acclaim for a fintech company’s logo redesign, also points to an evolving understanding of customer engagement within the sector.
As we move forward, the focus will likely remain on profitability, technological innovation, and customer-centric approaches. These factors, coupled with an ever-changing regulatory landscape, will shape the future of financial technology
The post Fintech Pulse: Your Daily Industry Brief (Paytm, KKR, Maya, TransUnion, Monevo, WeBank) appeared first on News, Events, Advertising Options.
Fintech
Fintech Pulse: Your Daily Industry Brief (Bench, FinovateEurope, Airwallex, PayPal, KCB Bank, UnionPay)
Unpacking Today’s Fintech Headlines
The fintech landscape continues to evolve at a breakneck pace. Today, we explore key stories shaping the industry—from an ambitious startup’s downfall to groundbreaking expansions and investments. Below, we delve into these developments, offering analysis and insight for fintech professionals navigating this dynamic sector.
1. The Rise and Fall of Bench: Lessons for Fintech Startups
In a cautionary tale for startups, fintech company Bench, once hailed as a disruptor, has succumbed to financial woes. Court documents reveal the company accumulated over $65 million in debt before shuttering operations. Despite initial success and significant backing, Bench faced operational inefficiencies, scaling challenges, and mismanagement that ultimately led to its downfall.
Bench’s trajectory underscores the critical need for sound financial stewardship, particularly for startups managing substantial investor capital. The fintech sector is rife with competition, and any misstep can prove fatal. Leaders in this space must prioritize scalability and ensure a balance between growth ambitions and operational sustainability.
Source: TechCrunch
2. FinovateEurope 2025: A Showcase of Innovation
The upcoming FinovateEurope 2025 promises to spotlight cutting-edge fintech solutions. The first wave of demo companies includes innovators tackling challenges in payments, regtech, and embedded finance. This year’s event highlights a growing focus on ESG (Environmental, Social, and Governance) criteria, reflecting the industry’s alignment with global sustainability goals.
Startups and legacy firms alike will use this platform to showcase advancements in AI-driven analytics, blockchain applications, and open banking solutions. Such events provide a crucial ecosystem for networking, investment opportunities, and collaboration, all vital for driving innovation in fintech.
Source: Business Wire
3. Airwallex Ventures into Latin America
Global payments unicorn Airwallex has made a bold move into Latin America, targeting two key markets simultaneously. This dual-market entry reflects the company’s strategic vision to tap into emerging markets with high growth potential.
Latin America’s fintech scene is flourishing, driven by increasing digital adoption and a growing appetite for cross-border payment solutions. Airwallex’s entry aligns with broader trends of global fintech players recognizing the region’s potential. However, the competitive landscape includes strong local players, and Airwallex will need to tailor its offerings to address specific regional challenges, such as regulatory hurdles and infrastructure gaps.
Source: Fintech Magazine
4. PayPal Ventures Backs Insurtech Disruptor
PayPal Ventures has announced a significant investment in Ole Life, an insurtech startup redefining life insurance with data-driven, customer-centric solutions. This marks PayPal’s latest foray into the insurtech space, signaling growing interest in diversifying its fintech portfolio.
Ole Life’s mission to democratize life insurance resonates in an era where personalization is king. The insurtech’s emphasis on leveraging AI to create tailored policies could disrupt traditional insurance models, offering a more inclusive and efficient alternative. PayPal’s backing not only provides financial support but also strategic insights, which could accelerate Ole Life’s growth trajectory.
Source: FF News
5. KCB Bank and UnionPay Partner for E-Commerce Growth
Kenya’s KCB Bank has partnered with UnionPay to bolster e-commerce payment solutions across the region. This collaboration aims to simplify cross-border transactions, making it easier for businesses to participate in the global digital economy.
The deal is a testament to the growing importance of strategic partnerships in fintech. As e-commerce continues to boom in Africa, such alliances can drive financial inclusion, offering consumers and businesses greater access to digital payment infrastructure. However, scaling these solutions will require robust cybersecurity measures to protect against fraud and ensure user trust.
Source: PR Newswire
Final Thoughts: Navigating the Fintech Frontier
Today’s stories illustrate the dynamism and diversity of fintech—a sector where innovation meets relentless competition. For stakeholders, the takeaway is clear: adaptability and strategic foresight are essential for success. Whether it’s learning from Bench’s missteps, leveraging events like FinovateEurope for growth, or seizing opportunities in untapped markets, the future belongs to those who can anticipate and navigate change.
The post Fintech Pulse: Your Daily Industry Brief (Bench, FinovateEurope, Airwallex, PayPal, KCB Bank, UnionPay) appeared first on News, Events, Advertising Options.
Fintech
Fintech Pulse: Your Daily Industry Brief (Amazon, Axio, Bank of England, New York Fed, Curql, PhotonPay, Google Pay, Mastercard, Nuvei, Outpayce)
As the fintech industry continues its relentless pace of innovation, partnerships, acquisitions, and technological advancements are reshaping the financial landscape. Today’s briefing highlights some pivotal developments from around the globe. Here’s what’s shaping the future of fintech.
Amazon Expands Credit Ambitions with Axio Acquisition
Amazon’s strategic push into the credit space takes a significant leap forward with its planned acquisition of Indian fintech startup Axio. This move aligns with Amazon’s ongoing efforts to deepen its financial services offerings in key markets. Axio, known for providing credit services to underbanked populations in India, brings a wealth of expertise and local market knowledge to the table.
By acquiring Axio, Amazon aims to enhance its buy-now-pay-later (BNPL) capabilities and expand credit access for its vast customer base in India. This aligns with global trends where e-commerce giants are integrating financial services to offer seamless shopping experiences.
Source: TechCrunch
Central Bank Collaboration Goes High-Tech: Bank of England and New York Fed Team Up
In a significant step towards cross-border financial technology cooperation, the Bank of England and the Federal Reserve Bank of New York are delving into 3D technology to streamline international exchange processes. This initiative signals a commitment to leveraging cutting-edge technologies to enhance efficiency and reduce risks in financial transactions.
The collaboration explores advanced visualization and analytical tools, enabling central banks to better understand and mitigate systemic risks. Such partnerships highlight the critical role of technology in modernizing traditional banking infrastructure and fostering international financial stability.
Source: Computer Weekly
Curql Accelerate Opens Applications for Third Fintech Cohort
Curql Collective has announced the opening of applications for the third cohort of its fintech accelerator program, Curql Accelerate. This program is tailored to nurture innovative startups that address pressing challenges within the credit union sector. With a focus on collaboration, the accelerator provides participants with access to industry experts, mentorship, and strategic funding opportunities.
Startups selected for Curql Accelerate gain a unique platform to refine their solutions, establish partnerships, and scale their operations. This initiative underscores the growing emphasis on fostering innovation within niche financial sectors, ensuring that underserved communities receive tailored financial services.
Source: Fintech Futures
PhotonPay Brings Google Pay Support for Mastercard Users in Hong Kong
PhotonPay, a fintech innovator, has launched Google Pay support for Mastercard users in Hong Kong, marking a significant milestone in digital payment adoption. This integration simplifies transactions for consumers, enhancing convenience and security in everyday payments.
With digital wallets gaining traction globally, this development reinforces the importance of interoperability between payment platforms. PhotonPay’s initiative is poised to drive broader adoption of contactless payments in Hong Kong, further cementing its position as a leader in the fintech space.
Source: PR Newswire
Nuvei Partners with Outpayce to Enhance Payment Solutions
Nuvei, a leading payment technology provider, has partnered with Outpayce, a division of Amadeus, to deliver advanced payment solutions for the travel industry. This collaboration aims to streamline payment processes, reduce friction for travelers, and provide businesses with robust payment capabilities.
As the travel sector rebounds post-pandemic, efficient payment systems have become a priority. The Nuvei-Outpayce partnership exemplifies the synergies between fintech and travel technology, paving the way for seamless, customer-centric payment experiences.
Source: PR Newswire
The post Fintech Pulse: Your Daily Industry Brief (Amazon, Axio, Bank of England, New York Fed, Curql, PhotonPay, Google Pay, Mastercard, Nuvei, Outpayce) appeared first on News, Events, Advertising Options.
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