Fintech PR
EIFO and Novo Holdings lead €14M round in Power-to-Peroxide pioneer HPNow

COPENHAGEN, Denmark, Sept. 19, 2023 /PRNewswire/ — HPNow, the pioneer in electrification of the hydrogen peroxide industry, announced the successful closing of a €14M round.
The equity round is led by The Export and Investment Fund of Denmark (EIFO) together with Novo Holdings. Other investors in the round include MatiTech – a sustainable water treatment solution provider in Sub Sahara, and existing investors Evonik Venture Capital and AP Ventures.
HPNow’s breakthrough electrochemical technology enables the safe and sustainable generation of a powerful green oxidant directly on site, using only water and electricity as inputs. The output solution breaks down to pure water and oxygen following use. HPNow is bringing to market a greener alternative to the conventional fossil-fuel based centralized production, transportation and handling of bulk hydrogen peroxide, offsetting as much as three tons of CO2eq per ton of hydrogen peroxide generated on site, compared to standard production techniques.
With applications across agriculture, process water, and the food and beverage sectors, HPNow’s solutions provide not only a sustainable alternative but an economically viable one, with strong payback as compared to traditional chemical-based water treatment. The company’s solutions can further be utilized towards the breakdown of hazardous micro-pollutants in drinking water originating from pharmaceuticals, cosmetics, and O&G industries.
Proceeds from this round of financing will primarily be used towards the scaling up of HPNow’s marketing, sales, technical support and production capacity, in order to address growing market demand.
“Danish Power-to-X pioneers like HPNow are leading the way to a more sustainable future. From agriculture to industry, their technology, originally developed at the Technical University of Denmark, represents a multi-billion euro market opportunity for safe, sustainable and affordable water treatment,” said Investment Director at EIFO, Jonas Bjaaland.
“For EIFO it is important to ensure that green capex intensive pioneers like HPNow can scale up and make their technology available for the world market. We do that by closing the funding gap with equity for now but will also at a later stage be able to provide debt and export credit in corporation with commercial banks. With this group of investors HPNow can take big steps towards achieving not only the world market goal but also the UN Sustainable Development Goals,” he added.
“Water is a vital resource for our planet and the people that inhabit it. With our investment we are striving to benefit people and the planet, so this endeavour into sustainable water treatment is a logical step for us. HPNow’s hydrogen peroxide generation technology contributes to the responsible use of one of the most precious resources we have, and we are very pleased to join the company on this journey,” Marcus Remmers, Partner at Bioindustrial Investments, Novo Holdings, added.
“This new investment round, led by top-tier investors EIFO and Novo Holdings, represents a strong endorsement of our technology and market offerings, and will enable us to take a major leap forward in our company’s development. With the strong backing of new and existing partners, our company is ready to take sustainable on-site peroxide generation to the next level,” said Ziv Gottesfeld, CEO at HPNow.
About HPNow
HPNow addresses growing global challenges in clean water and sanitation through its range of on-site, autonomous, safe, and sustainable ultra-pure hydrogen peroxide generation solutions. HPNow was spun out of the Danish Technical University (DTU) in 2015, and is now headquartered in Copenhagen, with sales representation across Europe, the Americas and Asia. HPNow’s solutions address water treatment professionals’ needs in market segments ranging from agriculture to industrial and drinking water treatment. HPNow is a technology and market leader in on-site generation of hydrogen peroxide and is continuously striving to further advance its technology and products in order to meet growing market needs and rising global demand.
About EIFO
The Export and Investment Fund of Denmark (EIFO) is the national promotional bank and export credit agency of Denmark combined in one new financial institution. EIFO provides a single point of access for Danish companies as well as for their foreign and domestic business partners who need risk-tolerant government capital. EIFOs main objective is to support Danish companies which can green the globe.
About Novo Holdings
Novo Holdings is a holding and investment company that is responsible for managing the assets and the wealth of the Novo Nordisk Foundation. The purpose of Novo Holdings is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation.
Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk A/S and Novozymes A/S and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seeds, Venture, Growth, and Principal Investments teams, Novo Holdings invests in life science companies at all stages of development.
As of year-end 2022, Novo Holdings had total assets of EUR 108 billion.
About MatiTech
MatiTech Solutions specializes in transforming water from diverse sources into usable assets for various applications. MatiTech prides itself on offering cutting-edge technologies and expertise in the field of water treatment. MatiTech stands by its commitment to provide sustainable water treatment solutions in Sub-Saharan Africa.
About Evonik Venture Capital
Evonik Venture Capital generates strategic value and growth opportunities through investing and partnering with innovative start-up companies. With a fund size of €400 million, Evonik Venture Capital has made about 50 investments since 2012, both direct and fund investments. The investment scope ranges from early stage to growth stage with an investment volume of up to €15 million per portfolio company. From its office in Germany, the USA and China, EVC invests in innovative technologies in the areas of Nutrition & Care, Smart Materials, Specialty Additives and Digitalization, as well as in technologies to support Evonik’s Sustainability Strategy.
About AP Ventures
AP Ventures is headquartered in London and manages venture capital funds with a global mandate to invest in pioneering new technologies and businesses which aim to solve global challenges such as renewable energy integration and resource scarcity. AP Ventures has been investing in the hydrogen industry since 2013 and is recognised as a leading venture capital fund across this value chain. AP Ventures manages USD 395m of assets on behalf of 12 LPs and has invested in more than 20 technology companies across the hydrogen value chain.
Stay in the loop by following HPNow on LinkedIn, Facebook, Twitter and Instagram.
View original content:https://www.prnewswire.co.uk/news-releases/eifo-and-novo-holdings-lead-14m-round-in-power-to-peroxide-pioneer-hpnow-301930970.html
Fintech PR
JUSTIN ROSE NAMED WINNER OF THE NICKLAUS-JACKLIN AWARD PRESENTED BY AON AT 44TH RYDER CUP

Prestigious Award celebrates player who embodies the true spirit of the Ryder Cup, proving that decisions made here make history
ROME, Oct. 1, 2023 /PRNewswire/ — Today, Justin Rose of Team Europe was announced as the recipient of the Nicklaus-Jacklin Award presented by Aon following the conclusion of the 44th Ryder Cup in Rome, Italy.
Throughout the competition, Rose displayed exemplary character and poise in the face of one of sports’ most compelling atmospheres, all while maintaining sound decision making and representing the true spirit of the event. He has been a stalwart in the Team Europe dressing room, sharing his experience with a young team and leading by example by contributing key momentum building points when it mattered. On day one, Rose holed the decisive putt on the 18th to secure a tie, and his immediate reaction was to turn and acknowledge his teammates who stood beside the green – showcasing his belief that the team should always come first.
Rose was paired with Ryder Cup rookie Robert MacIntyre on day one and used his vast Ryder Cup experience to help guide the young Scotsman during his first Ryder Cup match, in what proved to be a tough battle against Max Homa and Wyndham Clark. On day two, Rose continued his partnership with MacIntyre and they secured a decisive 3&2 victory against Justin Thomas and Jordan Spieth, with Rose’s red-hot putter proving crucial. MacIntyre would go on to have an exceptional debut, collecting 2 ½ points.
Just as the efforts of Jack Nicklaus and Tony Jacklin did in 1969, Rose exemplified the true values of this great game, cementing his place in Ryder Cup history at Marco Simone Golf & Country Club. Rose has become the third player to receive this honor, following Dustin Johnson from the U.S. Team and Sergio Garcia from the European Team, who won the Award at Whistling Straits two years ago.
Inspired by the historic 1969 Concession when Jack Nicklaus conceded a 2-foot putt to Tony Jacklin for a halved match resulting in the first tie in Ryder Cup history, the Award honors two icons in the game and is given to the player who best embodies the true spirit of the Ryder Cup – the individual who sees the bigger picture and makes better decisions on and off the course.
Speaking about winning the Nicklaus-Jacklin Award presented by Aon, Rose said: “Winning this Award is a huge compliment. This event really pushes you to the limit because it has so much passion. You have to find that line and get close to it, but always stay on the right side and be respectful towards your opponent. The Americans played their heart out today and deserve a lot of respect. Novak Djokovic gave the team some advice earlier this week and really emphasized how you need to embrace a pressurized situation and use it as inspiration. The putt on the 18th on day one was a good example of where I tried to embrace the moment – I didn’t want to blemish such a great start by the team, and my immediate reaction was to embrace my teammates who had all performed so well as a group.
“The Ryder Cup is all about teamwork and I managed to put together a strong partnership with Bob. I made some putts at the right time on the first two days that made me look heroic, but he chipped away constantly and made a big contribution just when we needed to keep the momentum going. A big thank you to Aon – winning this Award will make today’s victory even sweeter for me.”
At this year’s Ryder Cup in Rome, Team Europe took victory by 16 ½ -11 ½, after three days filled with iconic pairings, intense rivalry and selfless performances. Team Europe raced to a dominant 6 ½ to 1 ½ lead after day one and preserved their five-point advantage to lead 10 ½ to 5 ½ heading into the final day of singles. A close and hard-fought final day went down to the final few holes, with England’s Tommy Fleetwood delivering the clinching moment in style on the short par-4 16th hole.
“As the 44th Ryder Cup comes to an end, we are reminded that golf is a game shaped by respect, integrity and decision making under pressure,” said Andy Weitz, Chief Marketing Officer of Aon. “This event represents the best of golf, and this Award represents the best of the Ryder Cup. As its presenting partner, we are proud to honor Justin as the recipient of this year’s Nicklaus-Jacklin Award presented by Aon. His display of character and skill throughout an intense match embodied the spirit of this event, and why we love this game.”
Learn more about the Nicklaus-Jacklin Award presented by Aon here.
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.
Follow Aon on LinkedIn, Twitter, Facebook and Instagram. Stay up-to-date by visiting the Aon Newsroom and sign up for News Alerts here.
About the PGA of America
The PGA of America is one of the world’s largest sports organizations, composed of more than 29,000 PGA of America Golf Professionals who love the game, are expert coaches, operators and business leaders, and work daily to drive interest and participation in the sport. The PGA of America owns and operates numerous championships and events, including major championships for men, women, seniors and the Ryder Cup, one of the world’s foremost sporting events. For more information, visit PGA.com and follow us on X, formerly known as Twitter, Instagram and Facebook.
About Ryder Cup Europe
Ryder Cup Europe – which comprises representatives of The European Tour group (60%), of the PGA of Great Britain and Ireland (20%) and the Confederation of Professional Golf through the vehicle of The Ryder Cup European Development Trust (RCEDT) (20%) – owns the rights of The Ryder Cup when the competition is held in Europe. The European Tour group is the Managing Partner and has prime responsibility for all matters concerning The European Team; the PGA of Great Britain and Ireland is the Founding Partner; and the Confederation of Professional Golf is responsible for the management of the Trust, which is the Development Partner. Our Official Worldwide Partners for the 2023 Ryder Cup are Aon, BMW, Capgemini, Citi, DP World, Hilton, and Rolex. For more information about The Ryder Cup visit rydercup.com.
Contacts:
European Tour Communications, +44 (0) 1344 840400, [email protected]
Greg Dillard, PGA of America, 561-308-8013, [email protected]
Nadine Youssef, Aon, +1 312-381-2329, [email protected]
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Fintech PR
Safra New York Corporation Completes The Acquisition Of Delta North Bankcorp.

NEW YORK, Oct. 1, 2023 /PRNewswire/ — Safra New York Corporation, the holding company of Safra National Bank of New York (“The Bank”), is pleased to announce the successful completion of its acquisition of Delta North Bankcorp, including its subsidiary Delta National Bank and Trust Company.
This strategic acquisition is a significant milestone for Safra National Bank and underscores the Bank’s continuous expansion in the private banking and wealth management business. The acquisition strengthens the Bank’s market position among high-net-worth clients in the United States and Latin America, where the Bank has been providing premier private banking and financial services and has a long and successful track record.
Jacob J. Safra, Chairman of Safra National Bank of New York: “We are proud to have completed this acquisition, which represents an excellent strategic fit to our existing business in these markets. Clients will benefit from an organization that is fully dedicated to wealth management, providing the service, products and expertise that best meet their specific needs. We are confident that the Bank has all the attributes required to continue growing and prospering in a sustainable manner.
Simoni Morato, Chief Executive Officer of Safra National Bank of New York: “We very much look forward to working closely with Delta’s clients and employees and developing long term relationships. Together we will build on the strengths of our organization, not only in the United States, but also throughout Latin America.”
Safra National Bank of New York
Headquartered in New York, with branches in Aventura, Miami and Palm Beach, and offices throughout Latin America, Safra National Bank is a leading private bank with approximately US$ 30 billion in clients’ assets. Safra National Bank of New York is part of the J. Safra Group.
J. Safra Group
The J. Safra Group (the “Group”), with total assets under management of over USD $300 billion, consists of privately-owned banks under the Safra name and investment holdings in asset-based business sectors such as real estate and agribusiness. The Group’s banking interests in 160 locations globally, are: Safra National Bank of New York, headquartered in New York City, USA; J. Safra Sarasin, headquartered in Basel, Switzerland; and Banco Safra, headquartered in Sao Paulo, Brazil; all independent from one another from a consolidated supervision standpoint.
The Group’s real estate holdings consist of more than 200 premier commercial, residential, retail and farmland properties worldwide, such as New York City’s 660 Madison Avenue office complex and London’s iconic Gherkin Building. Its investments in other sectors include, among others, agribusiness holdings in Brazil and Chiquita Brands International Inc. With deep relationships in markets worldwide, the Group is able to greatly enhance the value of businesses which are part of it. There are more than 34,000 employees associated with the J. Safra Group.
Media Contact
Ross Lovern
[email protected]
212 521 4866
Sonia Bucan
[email protected]
212 521 4808
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Fintech PR
EMpact launches its venture studio in Central America, heralding a new approach to impact investing in frontier markets

Plans underway for subsequent launches in Africa and Central Asia
ANTIGUA, Guatemala , Oct. 1, 2023 /PRNewswire/ — Today witnessed the launch of EMpact, a venture studio focused on nurturing talent and accelerating startups to serve critical value chains, focusing on frontier markets in Central America, West Africa, and Central Asia. The first studio is a collaboration between EMpact and Fundación Génesis Empresarial (Genesis), the largest development microfinance institution in Guatemala. The studio will promote entrepreneurship and capacity building across the Central America region through the “Innovation and Entrepreneurship Hub” of Genesis and Universidad Francisco Marroquín – (UFM) a leading academic institution in the country, which promotes free market principles and entrepreneurship.
“The issues facing humanity and our planet are interlinked, and a big part has to do with how we access, cultivate, and sustain natural resources, including agriculture and forestry”, said Sami Lahoud and Prateek Shrivastava, co-founders of EMpact. “Catalyzing innovations in agriculture value chains, through entrepreneurship, creates stability and opportunity in frontier markets while sustaining the global economy and restoring our planet through sustainable practices”, they added.
The studio addresses the most critical issue facing entrepreneurship in frontier markets, which is the upskilling of talent. Individuals are invited to apply to become “EMpact fellows” who will be coached in innovation and entrepreneurship. Then, the studio will help fellows design digitally enabled solutions that address the needs and pain-points of its corporate partners. And finally, incubated businesses will graduate into a startup accelerator that will help each team turn their solutions into investment-ready businesses through mentorship, access to essential shared services, and opening doors to additional corporate partners.
The EMpact model also allows for winning solutions, whether incubated by EMpact or operating independently, to be replicated by fellows in other markets or verticals. The first such portfolio company is Climatica, a solution that accelerates financial inclusion of small holder farmers through climate smart agriculture.
“Fighting poverty through empowerment and improving food security in the face of climate change are daunting and expensive undertakings”, said Lars Saquero Møller, Managing Director of Ingemann Data, that operates Climatica. He added “EMpact provides a framework to scale the outreach of innovative solutions, such as ours, to address these challenges. Their fresh approach and value proposition are needed to disrupt the traditional system.”
The design of the EMpact venture studio has been inspired by the pioneering work of CK Japheth, Founder of The Innovation Village in Uganda and a member of the EMpact Advisory Board, who said “We recognized that embracing models tailored to mature markets would not work for us, so we embarked on a journey of unbridled innovation, fueled by a relentless passion to make a difference. Every lesson we’ve gathered has led us to this vibrant collaboration with EMpact”.
The EMpact studio in Guatemala will ultimately serve the Latin American region. In parallel, the founders of EMpact are preparing for the launch of EMpact Africa from a studio in Côte d’Ivoire serving the Francophone West Africa region. At a later stage, the plan is to include additional frontier markets such as the ones in Central Asia, and to start interconnecting these markets, capitalizing on their organic similarities and complementarities.
Media Contacts
Sami Lahoud, +1 914 393 5711, [email protected]
About EMpact
EMpact is a venture studio serving critical value chains in frontier markets by addressing chronic issues afflicting these markets and affecting our planet. EMpact drives change through the incubation of talent, then creating and incubating businesses that address the needs of key players in these value chains with focus on agriculture. The final step in this venture studio model is to extend pre-seed equity funding to the budding startups, handhold them through the initial phase of their growth journey, and then – over time – hand them over to later stage investors.
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