Cuentas, Inc. (CUENTAS) (OTCQB: CUEN), a Financial Technology (FinTech) service provider that delivers mobile banking, online banking, prepaid debit and digital content services to unbanked, underbanked and underserved communities, announced today that it now offers prepay services for Amazon through Amazon Cash in addition to Sony Playstation, Microsoft Xbox Live and Nexon Karma at its 31,600+ locations in the USA.
SDI Next Distribution (“SDI Next”) is owned 51% by Cuentas, Inc. and has now integrated its system to offer Amazon Cash as well as other prepaid products including, but not limited to Sony Playstation, Microsoft Xbox and Nexon Karmadigital content through the SDI Next distribution network of over 31,600 “bodega” retailers. Bodegas are typically single owner markets, gas stations and local stores that serve many immigrant and urban neighborhoods. These services and products are available through the SDI Next intranet portal that is available in these bodegas.
Cuentas is preparing to launch 15 additional major prepaid digital content brands in the near future and the Cuentas General Purpose Reload (GPR) Debit card during 2019.
Amazon announced Amazon Cash in April 2017 as a new service that would enable customers without debit or credit cards to shop with cash on Amazon without fees, such as those prevalent with prepaid cash cards. To use Amazon Cash, customers visit a participating retailer and use their dedicated barcode to add funds to their Amazon Balance without having to buy an Amazon Gift Card or prepaid debit card. They can add $5–$500 in each transaction, and funds are available for use immediately.
Microsoft Xbox Live and Playstation online services have been available for many years and Nexon Karma Koin has enabled online gaming for years.
“Being able to provide Amazon Cash, Sony Playstation, Microsoft Xbox and Nexon Karma digital content through retailers that previously had limited or no access to this type of product is so very important to Cuentas,” stated Arik Maimon, CEO of Cuentas, Inc. “We are enthusiastic about working to sell these products at our 31,600 plus locations. These products should provide extra revenue for the retail distribution stores and should increase visits to these bodegas,” added Maimon.
“Providing top-level prepaid products such as Amazon Cash, Sony Playstation, Microsoft Xbox and Nexon Karma should be instrumental to help Cuentas grow,” said Michael De Prado, President & COO of Cuentas. “This is an exciting time in the development of Cuentas as years of hard work are coming to fruition,” added De Prado.
SOURCE Cuentas, Inc.
Liquid Financial USA Announces Executive Leadership Team
Liquid Financial USA (Liquid USA), the joint venture between Liquid Group Inc. (Liquid.com), the world’s leading cryptocurrency exchange, and Virtual Currency Partners LP (VCP), a venture capital group with expertise in hypergrowth technology companies and public exits, to expand Liquid’s cutting-edge platform and services into the U.S. market, formally announces its executive team.
Justin D. Hertzberg, Esq. | Chief Executive Officer
Justin is uniquely qualified to lead Liquid USA. For the past 6 years, Justin has owned and operated one of the world’s largest introducing brokerage businesses, servicing clients in the OTC foreign exchange industry through regulated offices in the U.S. and Europe. Additionally, Justin was also the founder and CEO of IQX, LLC, which was the predecessor money service business acquired by Liquid USA. Justin began his career as a securities and commercial litigator for a large Florida-based law firm. After leaving the practice of law in 2008, Justin has worked in financial services and held several positions including trader, head of business development and in-house counsel.
Sean T. Gilmartin, Esq. | Chief Compliance Officer
Sean brings nearly three decades of experience in senior compliance roles, both in the broker-dealer industry and as a regulator, including positions as the CCO of IQX, LLC, Director of Regulation at the New York Stock Exchange (NYSE), CCO at Jefferies Execution Services, and as a senior compliance officer at Merrill Lynch. At IQX, Sean was responsible for building its compliance program and surveillance functions. While at the NYSE, Sean was responsible for building its surveillance and investigations program for trading across its five equity and options exchanges.
Apurva Mehta | Chief Technology Officer
Apurva brings over 23 years’ experience as a visionary IT leader with proven track record of managing projects, people and technology within the financial services industry. Having spent over 22 years with multinational banks ING and Société Générale, Apurva has established technical expertise in global asset trading platforms, database management, trade reporting and settlements.
Jerald Tillery | Chief Information Security Officer
Jerald comes to Liquid USA as a proven leader in Security Management, Cyber Security and Cyber Risk Management. He has extensive experience in large-scale security management, cloud computing and threat intelligence analysis optimization with organizations including the Options Clearing Corporation, State Street Corporation and Las Vegas Sands Corporation and the U.S. Department of Defense.
Jonathan Pfohl | Chief Financial Officer
In addition to his role at Liquid USA, Jonathan is also a partner at VCP. Jonathan most recently served as Chief Financial Officer for a start-up lab-grown diamond manufacturer, Scio Diamond Technology that was focused on disrupting the $80B diamond market. He has over 25 years of financial and management experience with companies ranging in size from start-ups to billion-dollar operations. He previously held senior operational and financial positions with Wireless Express LLC, Main Street Broadband LLC, Movida Cellular, AirGate PCS and Sprint and is a focused, highly accomplished finance and operations executive with extensive leadership experience in fast-growing organizations.
Grady Kittrell | Chief Business Development Officer
As a co-founder of VCP and an angel and seed investor, Grady brings unparalleled digital asset experience to Liquid USA. He has spent over 30 years advising and investing in start-up companies and he is an expert in the digital asset ecosystem. Grady is a successful business development executive and entrepreneur, having most recently served as an advisor to MGT Capital Investments, one of the largest publicly traded Bitcoin mining companies in the U.S. Grady also serves on the board of Liquid USA.
According to Mr. Hertzberg: “The U.S. is the largest and most challenging captive audience in the world when it comes to cryptocurrencies. To build the most trusted digital asset marketplace and win over a discerning investing public requires an executive team with the right combination of vision, experience, skill and passion. I am extremely proud of the team we’ve built thus far at Liquid USA and how it fits with our go-to-market launch strategy. When combined with the powerful Liquid trading platform and the ability to leverage the 300+ employees at Liquid Group, Inc. we look forward to onboarding U.S. clients in Q1 2020.”
Liquid Group Inc. co-founder and CEO Mike Kayamori said: “The U.S. is a large market, but a very challenging regulatory landscape. To launch Liquid in the U.S., we needed a team with extensive industry experience and a deep understanding of U.S. financial markets. The executive team we have assembled has surpassed our expectations and we look forward to making our U.S. launch in early 2020.”
VCP Chairman Barry Schiffman said: “From our earliest discussions with Mike and Liquid, we both agreed that, to tackle the U.S. market, we needed a team filled with subject matter experts in U.S. financial services, technology and regulation. Our team, led by Justin Hertzberg, is comprised of seasoned industry veterans that have a track record delivering results and a passion for the crypto space. We know they will deliver for Liquid USA.”
SOURCE Liquid Financial USA
TiE Mumbai and Dubai International Financial Centre (DIFC) Help Indian FinTechs Scale Their Business Across Middle East, Africa and South Asia Region
Over the years, TiE Mumbai has played a significant role in promoting, mentoring, helping and funding startups in this region. TiE Mumbai represents over 2,500 startups in the Greater Mumbai Region. It has successfully connected and mentored over 2,000 entrepreneurs and startups over the last few years; over 1,000 startups have been successfully connected to investors.
As a part of its ongoing endeavour to assist startups with new opportunities and help foray into different geographies, TiE Mumbai and Dubai International Financial Centre (DIFC) – the leading financial hub for the Middle East, Africa and South Asia (MEASA) — organized a two-day programme to help FinTech startups to scale their business across the region through Dubai. DIFC met with 17 FinTech startups from Mumbai to understand their business models and provide tailored solutions to support their growth in the fast-growing emerging markets.
The comprehensive DIFC FinTech ecosystem includes two highly successful accelerator programmes run by DIFC FinTech Hive and Startupbootcamp, a USD 100 million FinTech fund, subsidised licensing options, fit-for-purpose regulation and access to a financial community of over 2,100 regional and global institutions, of which more than 80 are FinTech-related companies. Since the startups were from different parts of the funding spectrum – Bootstrapped, Pre-Series A, & well-funded – Series A & B, each with their own set of requirements, the DIFC team was able to help each firm better understand how best they could utilise the Centre as a platform for growth.
“As a part of our global connect program, TiE Mumbai has partnered with DIFC to create an access to knowledge, markets, funds and talent in those regions. These partnerships present excellent growth opportunities for Mumbaistartups. Dubai and India have deeply embedded commercial, trade and cultural ties and today this relationship goes from strength to strength,” said Atul Nishar, President, TiE Mumbai.
Salmaan Jaffery, Chief Business Development Officer, DIFC Authority, commented: “It’s a pleasure to be partnering with TiE Mumbai and to engage directly with a number of promising and innovative Indian FinTech firms. Our meetings have allowed us to highlight the opportunities within the MEASA region and the ways in which they can capitalise on these to scale their business. Since our establishment in 2004, we have attracted a number of Indian banks and financial institutions to the DIFC, and in recent years we see similar interest from Indian FinTechs, which account for approximately 10 per cent of our FinTech ecosystem. We expect this number will grow, as demonstrated by the incredibly positive interest we are already witnessing and as we continue to strengthen our ties with the Indian market.”
SOURCE The Indus Entrepreneurs (TiE)
Amit Zavery Appointed to Broadridge Board of Directors
Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader and part of the S&P 500® Index, is pleased to announce the appointment of Amit Zavery as an independent member of its Board of Directors, effective June 21, 2019. Following his appointment, Broadridge’s Board consists of 11 members, nine of whom are independent.
Mr. Zavery is the Head of Platform for Google Cloud at Google, a position he has held since March 2019. Previously, he served in numerous senior leadership roles during his 24 years at Oracle Corporation. Most recently, he was executive vice president and general manager of Oracle Cloud Platform and Middleware products. He led Oracle’s product vision, design, development, operations and go-to-market strategy for its cloud platform, middleware and analytics portfolio, and oversaw a global team of more than 4,500 engineers.
“Amit is an accomplished technology leader and his experience and insight will be a tremendous value to the Broadridge Board of Directors,” said Rich Daly, executive chairman of the Board. “We are pleased to welcome Amit to the Board and look forward to his contributions as Broadridge continues to deliver on its strategy to be the on-ramp to next-generation technologies for our clients and the industry.”
Mr. Zavery brings extensive experience in designing and delivering market-leading products and building organizations to Broadridge’s Board. He is a regular keynote speaker at industry events and considered a thought leader in the development and application of enterprise software. He also has extensive experience identifying, acquiring and integrating private and public companies.
“Broadridge is uniquely positioned at the center of the global financial services industry and known for innovating in the most complex areas to enable industry-wide technology advancements,” said Mr. Zavery. “It’s an honor to serve on the Board and take part in the important work Broadridge does as it supports clients in managing technology transitions and enacting forward-looking transformation.”
Mr. Zavery holds a bachelor’s degree in electrical and computer engineering from The University of Texas at Austin. He also holds a master’s degree in information networking from Carnegie Mellon University and is a graduate of the Harvard Business School’s Advanced Management Program.
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