Fintech PR
Sweat Wallet Adds Five Major Chains Through Chain Abstraction; Enables Payment of Blockchain Fees With Steps
Building on its promise of inclusivity and ease of use, the move enables $SWEAT’s 16 million token holders to benefit from access to Ethereum, BNB Chain, Arbitrum, Optimism, and Base
LONDON, Sept. 18, 2024 /PRNewswire/ — Sweat Economy, the project tokenizing physical movement with $SWEAT token and Sweat Wallet, has reached a major milestone. In its mission to onboard the next billion users into Web3 through advanced chain abstraction technology, it has enabled seamless integration with five leading blockchains. Sweat Wallet is now compatible with Ethereum, BNB Chain, Arbitrum, Optimism, and Base.
The move empowers over 16 million $SWEAT token holders with enhanced access to decentralized applications (dApps) across these leading chains. Sweat Economy’s decision to integrate with these five chains marks a step forward in lowering the technical barriers for new users entering the crypto space. In addition to strengthening Sweat Wallet’s offering, the move positions the platform to become a key player in the broader blockchain movement–enabling millions to explore the full potential of Web3 dApps.
Sweat Wallet’s focus is to make the Web3 experience even simpler than Web2. Its users will notice three big changes implemented vs existing offerings:
- All assets across all chains are aggregated into one portfolio view on a single screen.
- Any asset on any chain can be managed using one single key simplifying operational security in the pursuit of mass adoption.
- $SWEAT – tokenized physical movement – will become a universal gas token across all of the supported chains allowing users to “Pay your fees with your feet” reducing your out-of-pocket costs. And more – there is no more juggling of multiple gas tokens.
Oleg Fomenko, Co-Founder of Sweat Economy, said, “One of our primary goals has always been to make Web3 useful and accessible to everyone, and this latest product helps us to achieve that. By abstracting the complexity of multiple chains into one simple wallet experience, we enable millions of users to effortlessly engage with the decentralized world, and manage their assets with a single key simplifying security and allowing millions of people to pay their fees with their feet. Literally! This expansion is not just about technology, it’s about making the world more physically active and wealthier on a global scale.”
Within the Sweat Wallet app, users can mint $SWEAT simply by walking. Accrued $SWEAT can then be used in various ways, including trading it for other mainstream tokens such as ETH and USDT, filling up “Growth Jars” to be saved and multiplied, and unlocking exclusive rewards within the ecosystem. Users can also participate in casual games and prize draws. What’s more, in the process of unlocking access for users to various chains, Sweat Economy enables them to pay off their gas fees with $SWEAT, which daily step counts can earn. In a recent demonstration, Sweat Economy executed a transaction on BNB Chain which was signed and triggered from NEAR and paid for in $SWEAT.
Oleg Fomenko, co-founder of Sweat Economy is available for interviews
About Sweat Economy
Sweat Economy is a Web3 ecosystem on a mission to help the world be more physically active by incentivizing movement. It is powered by $SWEAT, a crypto asset capturing the value of physical movement, minted by steps. The token is managed via the Sweat Wallet dApp, the non-custodial Web3 mobile wallet dApp for managing your $SWEAT and other crypto holdings. Sweat Wallet is a top 5 dApp globally, boasting over 1.5 million monthly unique active users on the platform. Users can start earning $SWEAT and participate in the movement economy by installing the free Sweat Wallet app on Google Play or the App Store.
View original content:https://www.prnewswire.co.uk/news-releases/sweat-wallet-adds-five-major-chains-through-chain-abstraction-enables-payment-of-blockchain-fees-with-steps-302249341.html
Fintech PR
Stax Appoints Peter Rodrigues-Renon as Director to Lead EMEA Value Creation Practice
NEW YORK, Jan. 9, 2025 /PRNewswire/ — Stax LLC, a global strategy consulting firm specializing in commercial due diligence, value creation, and exit planning for private equity firms, PE-backed companies, hedge funds, and investment banks, is pleased to announce the appointment of Peter Rodrigues-Renon as a Director, leading the EMEA Value Creation practice in the London office. Peter brings extensive expertise in driving value creation through the alignment of strategy, commercial insights, and operational execution.
“His proven ability to define, quantify, and implement actionable value creation plans will enhance Stax’s capabilities to deliver measurable, sustainable results for its clients,” said Vince Zosa, Managing Director, Value Creation. “Peter will drive our growth in three critical areas: expanding our European capabilities in strategy, commercial excellence, and pricing, while building on our proven success in supporting our clients’ portfolio companies; leading Stax’s international expansion to meet the increasing global needs of our private equity clients; and leveraging his deep expertise in technology—particularly in digitalization, AI, and tech-enabled growth—to advise our clients on unlocking transformational value.”
Peter’s career includes leadership roles at EY-Parthenon, Alvarez & Marsal, and PwC, where he built a track record of delivering impactful results for private equity and corporate M&A initiatives. He has led complex buy-side transactions, including multi-territory integrations, carve-outs, and public-to-private transitions. His expertise spans multiple sectors, with a particular focus on technology and software, business services, and consumer markets.
“It is a privilege to join Stax at such an exciting time,” said Peter Rodrigues-Renon. “The opportunity to scale Stax’s proven US capabilities in the UK and EMEA markets is unique and energizing. Stax’s data-driven, action-orientated mindset aligns perfectly with my approach. I focus on bridging strategy with operational execution to help private equity clients unlock the full potential of their investments. By operating at the intersection of strategy and operations, I deliver impactful, sustainable results while collaborating closely with management teams to drive success.”
Phil Dunne, UK Managing Director, highlighted the significance of Peter’s appointment. “Peter’s combination of strategic insight, operational expertise, and deep sector knowledge makes him an outstanding addition to the team. His entrepreneurial mindset, coupled with his experience in delivering value creation strategies, aligns perfectly with Stax’s culture and commitment to client success. Peter’s leadership will play a key role in accelerating our growth and delivering best-in-class outcomes for our clients in the UK and beyond.”
Stax’s London office has rapidly expanded to support growing demand from private equity firms and portfolio companies across EMEA. The addition of Peter Rodrigues-Renon reinforces Stax’s commitment to delivering transformative value creation strategies, combining local expertise with global resources to meet the evolving needs of its clients.
About Stax LLC
Stax LLC is a global management consulting firm serving corporate and private equity clients across a broad range of industries including software/technology, healthcare, business services, industrial, consumer/retail, and education. The firm partners with clients to provide data-driven, actionable insights designed to drive growth, enhance profits, increase value, and make better investment decisions. Please visit www.stax.com and follow Stax on LinkedIn, Instagram, Threads, and Facebook.
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View original content:https://www.prnewswire.co.uk/news-releases/stax-appoints-peter-rodrigues-renon-as-director-to-lead-emea-value-creation-practice-302346007.html
Fintech PR
Stanton Chase Announces Board Changes for 2025
Çağrı Alkaya Named Global Chair in Leadership Transition
LONDON, Jan. 9, 2025 /PRNewswire/ — Çağrı Alkaya, Managing Partner of Stanton Chase London and former Board Member and Vice Chair, Regions, has been elected as Global Chair of the Board at Stanton Chase, succeeding Kristof Reynvoet.
Panos Manolopoulos, Managing Partner at Stanton Chase Dubai and Greater China, will assume the role of Global Vice Chair, Regions, vacated by Çağrı Alkaya.
The Board will maintain its strong foundation of leadership with continuing members and Global Vice Chairs, Bernardita Mena Aldunate (People Excellence), Ken Nimitz (Finance), and Tom Christensen (Practice Groups), whose expertise and experience will continue to be assets to the organization.
“The past years have been an incredible journey,” said Kristof Reynvoet. “Working alongside such talented colleagues and watching our organization grow from strength to strength has been the highlight of my career. I can’t think of anyone better suited than Çağrı to lead us into our next chapter.”
“I’m truly honoured to take on this role,” said Çağrı Alkaya. “Kristof has been a wonderful colleague, leader, and friend to many of us. Building on our work of the past two years, we’ll continue to focus on what matters most—our people, our clients, and the collaborative spirit that makes Stanton Chase special.”
“We certainly have exciting plans for Stanton Chase,” added Alkaya. “We will continue to provide best-in-class services for our clients, emphasizing our values, purpose-driven culture, and commitment to exceptional client satisfaction. I want us to grow—both organically and through smart partnerships—but always with purpose. That means working hard to deliver excellence for our clients, driving our business forward, finding exceptional talent both for our clients and our own teams, and enhancing our operational excellence. Most importantly, we’ll keep building on the culture that makes us special. In my 18 years here, I’ve seen that when you combine real teamwork with hard work and match strong governance with shared values, you create something remarkable.”
The appointments are effective January 2025.
About Stanton Chase
For over three decades, Stanton Chase has been at the forefront of corporate leadership, providing unparalleled support to our clients. As a top-ranked global retained executive search and leadership advisory firm, with over 70 offices in 45 countries, we take pride in being more than just leadership service providers; we are your trusted partners in leadership.
Press Contact
Russell Kalam, Stanton Chase, [email protected]
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Fintech PR
Levine Leichtman Capital Partners to Invest in Zero100 in Partnership with Management
LONDON, Jan. 9, 2025 /PRNewswire/ — Levine Leichtman Capital Partners (“LLCP”), a global private equity firm, announced today that it has agreed to make a growth investment in Zero100 Community Limited (“Zero100” or the “Company”) in partnership with its Founders and the existing management team. Terms of the transaction were not disclosed.
Zero100 is the leading cross-industry research and intelligence company that connects and provides strategic advice to global operations and supply chain leaders from a range of leading global businesses including Nike, Walmart, Unilever, Pfizer, Google, Honeywell, Volvo Cars and many others. Clients use the Company’s peer networking, data, research and advisory services to shape their global supply chain strategies and accelerate progress on long-term digitization and sustainability initiatives. Headquartered in London, UK, and founded in 2021, the Company has over 50 employees, with offices in London and New York.
Zero100 will continue to be led by Co-Founder and CEO Olly Sloboda and the existing management team.
Olly Sloboda commented, “Our partnership with LLCP comes at a very exciting stage for Zero100 and I am immensely proud of what our team has invented on behalf of customers. LLCP’s proven track record of supporting entrepreneurs and their deep experience in information services will help accelerate our vision of revolutionizing the supply chain intelligence market. We look forward to working closely with the LLCP team to build on Zero100’s substantial momentum.”
Josh Kaufman, Partner and Head of Europe at LLCP, said “We are delighted to partner with Olly and his management team. They have built a very impressive business, and we are thrilled to join them on the next phase of growth. Zero100 is uniquely positioned to support their clients in addressing their board-level supply chain objectives, driven by rising trade complexities and increasing technological innovation. We are excited to support the Company through this next chapter of growth.”
Zero100 will be the eighth investment of Levine Leichtman Capital Partners Europe II, SCSp. Across its funds, LLCP has invested extensively in the data, information services and supply chain space, including investments in Skill Dynamics, AGDATA, Law Business Research, and CreditInfo.
LLCP was advised by PwC (financial & tax), Willkie Farr & Gallagher (legal) and Simon Kucher (commercial).
Management was advised by Raymond James (M&A), Hogan Lovells (legal), Eight Advisory (financial) and Deloitte (tax).
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 40-year track record of investing across various targeted sectors, including Business Services, Franchising & Multi-unit, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.
LLCP’s global team of dedicated investment professionals is led by 10 partners who have worked at LLCP for an average of 20 years. Since inception, LLCP has managed approximately $15.6 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $10.0 billion of assets and has offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt.
Contact: Isabel Moon, [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/levine-leichtman-capital-partners-to-invest-in-zero100-in-partnership-with-management-302346785.html
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