Fintech
Canadian Nexus Team Ventures Corp. Corporate Update
Vancouver, British Columbia–(Newsfile Corp. – November 1, 2021) – Canadian Nexus Team Ventures Corp., (CSE: TEAM) (“Canadian Nexus”, “the Company” or “TEAM”) is pleased to provide an update on its investment portfolio and operational changes.
AgriFORCE Growing Systems Ltd.(“Agri”) is an AgTech company focused on developing and acquiring agriculture IP that changes the way plant cultivation and processing is done to provide more sustainable and better quality food, pharmaceuticals, nutraceuticals, plant-based products and ingredients. Agri successfully went public on the Nasdaq under the symbol AGRI on July 8, 2021. TEAM currently holds 578,296 common shares and 317,243 warrants exercisable at USD $9.50 with expiry on May 20, 2024.
Minehub Technologies Inc. (“Minhub”) is an emerging technology company leveraging technologies, including blockchain, to develop a new generation of cost-saving applications. Minehub started trading on the TSX Venture on September 7, 2021. TEAM currently holds 450,000 shares which are Escrowed as per the TSX Venture requirements. Minehub also repaid back a loan of $250,000 plus interest on September 24, 2021. The total received including interest was $306,712.33.
Abaxx Technologies Inc. (“Abaxx”) is a development-stage financial software company that has created proprietary technological infrastructure for both global commodity exchanges and digital marketplaces. TEAM currently owns 230,000 shares, from its original holdings of 625,000 shares purchased at $0.40 per share on March 29, 2018.
Quisitive Technology Solutions Inc. (“Quisitive”) is a premier, global Microsoft partner that harnesses the Microsoft platform and complementary technologies, including custom solutions and first party offerings, to generate transformational impact for enterprise customers. TEAM currently owns 178,000 shares, from its original holdings of 428,571 units purchased at $0.35 per unit on April 27, 2018.
FansUnite Entertainment Inc. (“Fans”) is a sports and entertainment company, focusing on technology related to regulated and lawful online sports betting and other related products. The principal business is operating the FansUnite Sportsbook and the McBookie website. TEAM currently owns 95,000 shares, from its original holdings of 800,000 shares purchased April 29, 2018 at $0.25 per share.
iComply Investor Services Inc. (“iComply”) is a RegTech company offering compliance software for decentralized financial markets. iComply is still private; their last round of financing was completed on January 15th, 2020, at $1.55 with approximately 6,3920,000 shares outstanding. Brand X owns 166,666 shares from a $249,999 investment.
Silota Research and Development Inc. (“Silota”) on April 12, 2018, the Company acquired 238,500 common shares of Silota for cash consideration of $24. In addition, the Company issued a $300,000 non-interest-bearing convertible note to Silota, due five years from the date of issuance, and convertible into common shares at an 18% discount. Pursuant to the share purchase agreement dated September 9, 2021, the Company will sell its interest based on the following terms:
$300,000, to be paid in two equal payments of $150,000, one payment at the closing date of the transaction and one payment on December 22, 2021; and the transfer of 200,000 common shares in GameOn Entertainment Technologies Inc. to the Company the common shares will have a hold period till June 1, 2022.
New investments:
Magnum Gold Corp. (“Magnum”) is developing the LH Property located on east of Slocan Lake approximately 7.0 km south of the village of Silverton, in the Slocan Mining Division of southeastern British Columbia. TEAM purchased 2,000,000 units at $0.05 per unit (each unit consisting of one common share and one purchase warrant at $0.10) on October 7, 2021.
Cleantek Industries Inc. (“Cleantek”) is a clean energy technology company focused on hydrosustainability with operations across North America. Cleantek has developed and commercialized its patented wastewater dehydration technology, the ZeroE, which it rents to its customers for use at gas processing facilities and on drilling rigs. TEAM invested $99,998.50 for 57,142 subscription receipts (each subscription will convert into one common share and one-half purchase warrant at $2.25) on September 3rd, 2021.
AuRista Exploraration. (“AURS”) is Jr Gold Exploration company focused on the Urban Barry Mining district in Quebec Canada. The strategic land position is early stage but prospective; the management TEAM of AURS completed an IP program and will be looking to drill in the first half of 2022 after their highly anticipated IPO. TEAM acquired the property and help create AURS and currently owns 4,000,000 shares.
Wooden Table Hospitality Inc. (“WTH”) is well thought out brand focused division of TEAM run by highly skilled and seasoned veterans from the hospitality industry. Through its first acquisition of Gringo Restaurants the multiyear vision of compounded growth has commenced. In coming weeks, it is anticipated the WTH will close on its second Gringo location complimenting the original historic Gastown (Vancouver) location. WTH is 100% owned by TEAM along with the acquisition’s underneath it.
Canadian Nexus has changed its auditor from DMCL to MNP effective Oct 5th, 2021.
The Company has also granted 350,000 options at $0.14 vesting over time to various employees and directors.
Update on the normal course issuer bid (“NCIB”), as of the time of this news release, TEAM has bought back a total of 578,000 shares. TEAM will continue with the NCIB until it has reached a total of 2.59 million common shares as stated previously in the news release dated April 30, 2021.
Canadian Nexus announces that its board of directors has adopted an amended and restated investment policy (the “Investment Policy”) which governs its investment activities and investment strategy. The Investment Policy provides the Company with additional flexibility to invest in any early stage to mid-level emerging growth companies. The Company will continue to look for high growth opportunities is varying sectors, including mining, emerging technology, media, and the hospitality industry.
A copy of the Investment Policy will be posted on the Company’s SEDAR profile at www.sedar.com.
About Canadian Nexus Team Ventures Corp.
Canadian Nexus (CSE: TEAM) is an investment issuer that actively invests in a diversified portfolio of early-stage to mid-level companies and projects. Canadian Nexus leverages its extensive network of operators and global thought leaders to provide investors with a unique multi-opportunity portfolio. From time to time the company may acquire or dispose of shares in the open market. The company is deploying a strategy of organically building positive cash flow companies with the goal of redeploying this non-dilutive captive into high growth sectors as defined in the Company’s investment policy that can be found on Sedar under Canadian Nexus Team Ventures Ltd.
Contact:
Arni Johannson
604-960-1878
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements“) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements the timing, consideration, and completion of the joint venture are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as “pro forma”, “plans”, “expects”, “will”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the completion of the Acquisition, the anticipated business plans and timing of future activities of the Company, including the Acquisition, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining regulatory approvals (including of the Canadian Securities Exchange), changes in laws, regulations, and policies affecting the Company’s operations and the Company’s limited operating history.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release
Not for Distribution in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101617
Fintech
Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Fintech
SPAYZ.io prepares for iFX EXPO Dubai 2025
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Fintech
Airtm Enhances Its Board of Directors with Two Strategic Appointments
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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