Fintech PR
YouHodler Accelerates Web3 Fintech Evolution with Upcoming Universal Money Addresses (UMA) Integration in Partnership with Lightspark
Enabling Fast, Secure Online Payment Access for Users Across Europe and Globally
GENEVA, March 6, 2024 /PRNewswire/ — YouHodler, a Swiss-based Web3 fintech platform, today announced an exciting partnership with Lightspark to incorporate the cutting-edge Universal Money Addresses (UMA) technology into its suite of Web3 finance solutions for consumers and enterprises. This landmark integration, officially unveiled today at the 2024 Web3 Banking Symposium, will streamline near-instant online payments to and from the YouHodler platform. YouHodler is a key European financial institution to adopt UMA.
UMA represents a significant leap forward in internet-native payments, offering an open-source standard that merges human-readable Lightning addresses with real-time, global payment rails. This integration facilitates sending money to or from the YouHodler platform, whether fiat or crypto, as effortlessly as sending an email. It also leverages the Bitcoin Lightning Network for global settlement, ensuring near-instant, secure, and universally accessible payments in any currency of the user’s choice.
Registration for early bird UMA access is now open on the YouHodler platform, where customers can request their unique UMA addresses ahead of the full integration. YouHodler, in collaboration with Lightspark, is committed to finalizing all technical configurations and releasing the full set of UMA functionalities by May 1, 2024, for all registered YouHodler customers.
“UMAs change the way that money can be sent worldwide – making sending funds as simple as sending an email or text. At YouHodler, we are committed to delivering innovative solutions to bring all the benefits of crypto and blockchain to the traditional financial market,” said Ilya Volkov, CEO and co-founder of YouHodler. “The integration enables us to upgrade our suite of Web3 fintech solutions, meeting our users’ growing demand for intuitive payment solutions that are both fast and secure. Our partnership with Lightspark, a frontrunner in online payments technology, ensures our platform remains at the forefront of Web3 fintech innovation.”
David Marcus, co-founder and CEO of Lightspark, stated, “We’re excited to partner with YouHodler to bring UMAs to more Europeans. YouHodler is an innovative force in the world of Web3 fintech, and this collaboration underscores our shared mission to make everyday transactions faster, easier, and safer for today’s interconnected financial ecosystem.”
Available in more than 60 countries around the world, YouHodler’s comprehensive suite of Web3 fintech services is designed to enable a seamless connection between fiat and crypto financial services. The company also offers enterprise solutions, enabling companies to expand their offerings with the support of YouHodler’s advanced technology. For more information, visit https://www.youhodler.com/.
The Web3 Banking Symposium, organized by the Crypto Valley Association in collaboration with YouHodler, aims to foster innovative dialogue between crypto-friendly banks and compliant blockchain service providers. Through panel discussions, presentations and seminars, industry experts and business leaders address some of the most pressing challenges in areas such as legal and regulation, AML and compliance, accounting, infrastructure, and product development. For more information, visit https://cryptovalley.swiss/web3-banking-symposium/.
About YouHodler
YouHodler is a Swiss-based Web3 platform providing innovative fintech solutions that bridge fiat and crypto financial services with simplicity, efficiency, and transparency. Its comprehensive suite of offerings includes crypto-backed loans, crypto reward accounts, innovative crypto multiplication engines, and universal currency exchange. While user-friendly and intuitive for everyday consumers, the full-service platform is also progressive enough to conduct advanced strategic trading in the crypto market.
View original content:https://www.prnewswire.co.uk/news-releases/youhodler-accelerates-web3-fintech-evolution-with-upcoming-universal-money-addresses-uma-integration-in-partnership-with-lightspark-302080862.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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