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Sparq Labs Raises $680k Seed Round



Panama City, Panamá, Panama–(Newsfile Corp. – October 31, 2022) – Sparq Labs Inc., the blockchain infrastructure, SDK toolchain, and services company behind SparqNet, has closed a $680,000 seed round with the participation and support of several companies.

SparqNet is a meta-network that provides tools and services for a network of deployable blockchains capable of up to 400,000 TPS (transactions per second) each, programmable in any language with infrastructure enabled by Avalanche, and open to any protocol through the on-chain trustless and distributed bridge.

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SparqNet is enabling creators and developers to unlock the potential of next-generation dApps such as in the GameFi and DeFi space in which the meta-network is capable of hosting 100% of the server-side and multiplayer functions on-chain.

“This funding enables us to grow our team to accelerate the development of our technologies in addition to expanding our reach in the Web3 market as we shift our focus to launching our testnet. Our team is working hard to attract like-minded projects across the industry seeking a solution that is both flexible and scalable from day zero alleviating the worry and “what if’s” of the future as they build out the next generation of decentralized applications,” said Michael Weinrub, Co-Founder and Head of Business at Sparq Labs.

SparqNet also supports DeFi protocols with capabilities such as 2 million swaps per second with cross-chain capabilities, and much more. Beyond GameFi and DeFi, SparqNet’s potential use cases also include decentralized email, VPNs, secure HR portals, cloud services, arbitrage bots, utilities, supply chain management, and eCommerce SaaS.

“With SparqNet, developers no longer have to deal with the complexity of learning Solidity or being tied to an EVM, they can now build using the languages they are already familiar with, across chains. We plan to use this capital injection to run our C++ test net, then deploy Rust and Python compatibility. Rust and C# are in our priority list,” said Itamar Carvalho, Co-Founder and Head of Technology at Sparq Labs.

Sparq Labs will soon be launching the SparqNet testnet in Q4 2022 to provide developers with a great first-mover opportunity to begin building and unlocking the true potential of the fastest and most flexible deployable blockchains on the market today.


About Sparq Labs Inc.

Founded in 2020, Sparq Labs Inc. ( is a blockchain infrastructure, SDK toolchain, and services company that is empowering builders all over the world with SparqNet – a truly decentralized, interoperable protocol. SparqNet enables creators and developers to build in any programming language across any blockchain, with a wide range of use cases including GameFi, DeFi, decentralized email, VPNs, secure HR portals, cloud services, arbitrage bots, utilities, supply chain management, and eCommerce SaaS.

For more information please visit:

Twitter: @sparqnet
Medium: @SparqNetwork
Email: [email protected]

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NovaSparks™, the leading field programmable gate array (FPGA) market data company, is pleased to announce the appointment of Clément Pelletier as the new sales and marketing director, based in Bangkok, Thailand. Pelletier will report to Dr. Luc Burgun, CEO and president, beginning on December 1st, 2023.

“Clément possesses a wealth of experience that makes him unique in the industry,” said Luc Burgun, NovaSparks’ chief executive officer and president. “His thorough understanding of the sales process, particularly in the field of trading tools which he acquired over 20 years in Asia, makes him ideally suited to drive our sales and marketing initiatives in APAC. We are pleased to welcome Clément and look forward to his leadership in expanding our operations in Asia.”

Pelletier brings to NovaSparks solid experience in sales and marketing in Asia. Most recently, he served as sales director for the APAC office of Horizon Software, a global leader in electronic trading solutions and algorithmic technology. Prior to Horizon Software, he served as CEO of CPIT, an IT services and consulting, specialized in the Fintech industry, based in Hong Kong. Pelletier holds a Master of Engineering from INSA Lyon.

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Broadridge Investment Management Technology Enhances Carlyle’s Private Credit and CLO Portfolio Management Operations




Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that its cloud-based solution, Sentry, has been implemented at global investment firm Carlyle in support of its private credit and collateralized loan obligation (CLO) portfolio management. The Sentry private credit and CLO portfolio management technology will enable Carlyle to more efficiently manage its deal pipeline, trade compliance and loan operations on a single platform, and scale operations as the platform grows.

“With increased demand in credit products and ongoing growth of our product offerings, we wanted the right technology that would enable us to scale up and achieve a platform approach,” said Jim Keogh, Carlyle’s Managing Director and Head of Operations for Global Credit. “Sentry has smoothly integrated with our technology stack and provides functionality that will improve our capabilities as we grow.”

“Working closely with Carlyle, we customized Sentry to specifically suit their portfolio management requirements, which emphasized the need to help manage all aspects of private credit and CLO administration,” said Mike Sleightholme, Broadridge’s president of international and head of asset management solutions. “This implementation really showcases the value of the flexibility and scalability our solution offers and how it helps position firms for growth.”

Broadridge’s Sentry PM is a scalable web-based solution that provides front-to-back-office functionality to both the private debt and syndicated loan markets to increase overall efficiency, including research and pipeline management, pre- and post-trade compliance, analysis of hypothetical trade scenarios, dynamic waterfall projections, loan administration, and data aggregation across strategies, portfolios and assets.

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Nuvei enters global payments partnership with Microsoft




Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has partnered with Microsoft to deliver leading payment experiences for customers of its products, solutions, and services across many of its key markets.

Microsoft will start using Nuvei’s customizable and agile payments technology in the Middle East and the Africa region, while benefiting from Nuvei’s deep knowledge of local markets to optimize its payments for recurring billing and individual transactions across both its Office and Xbox product ranges.

Other benefits of Nuvei’s global payments capabilities Microsoft is harnessing include optimized authorization rates through local acquisition and superior risk management that minimize false declines, as well as Nuvei’s ability to offer all of the relevant local alternative payment methods (APMs) to each market through a single integration. Philip Fayer, Nuvei Chair and CEO said: “Enabling Microsoft to connect to its customers across a wide range of products is testament to our technology and dedication to world-class customer service. We’re excited to optimize payments for such a universal brand that is trusted and relied upon by so many people.”

“We’re pleased to extend our payment solutions to the Middle East and African region,” added Ajith Thekadath, Vice President Global Payments at Microsoft. “Whether it is a one-off purchase, software subscription, or in-game purchasing, payments are critical to our overall customer experience.  Partnering with Nuvei enables our customers to pay wherever they are and whenever they want to.”

Extending the partnership across geographies and use cases

Nuvei and Microsoft are committed to extending this partnership across additional markets, as well as exploring new use cases to enhance the overall Microsoft experience. This includes Microsoft Dynamics 365, its business applications technology suite that drives operational efficiency and improved enterprise resource management.

Fayer commented: “As two innovative, technology-led businesses that provide solutions to many of the leading international brands across the globe, it makes sense to explore how we can work more cooperatively as we grow our commercial relationship.”

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