Fintech
Buzz Capital Inc. Announces Proposed Appointment of New Directors and Transfers in Escrow Share Positions
Toronto, Ontario–(Newsfile Corp. – June 1, 2023) – Buzz Capital Inc. (TSXV: BUZ.P) (“Buzz” or the “Company”), a capital pool company (a “CPC”) as defined under Policy 2.4 of the TSX Venture Exchange (the “Exchange”), announces that, subject to regulatory consent, it proposes to effect certain changes in management and transfers of certain escrow share positions.
Change of Management and Appointment of New Directors and Officers
The following persons are being proposed as new directors and officers of Buzz:
James W. Longshore (Director)
Mr. Longshore has more than 25 years of business investment experience in resource companies. He is currently, and has been since 2015, the Chief Executive Officer and a director of Xtra-Gold Resources Inc. (TSX: XTG), a producing gold mining company with operations in Ghana, West Africa. He is also a director of another CPC, High Mountain 2 Capital Inc. Mr. Longshore has also been a director of Good2Go2 Corp., a CPC which successfully completed a Qualifying Transaction in 2020 and became Leveljump Healthcare Corp. (TSXV: JUMP).
Gregory M. Prekupec (Director, CEO and CFO)
Mr. Prekupec is a corporate and franchise lawyer by background that has focused on the hospitality industry, financial technology, blockchain, and cryptoassets. He is also an entrepreneur and business advisor with a deep interest in disruptive technology and emerging markets. Since January 2014, Mr. Prekupec has practiced corporate and franchising law at Dipchand LLP. In addition to a career in law, Mr. Prekupec is an advisor to multiple venture-backed fintech companies where he helped raise funds, as well as establish key relationships. His experience covers business and regulatory strategy, franchising, venture capital and investing, and private corporate finance. Mr. Prekupec received his J.D. from Bond University, in Australia and is called to the bar in Ontario. He is a member of the Law Society of Upper Canada, the Canadian Franchise Association and the Society of Trust and Estate Practitioners. Mr. Prekupec is also currently a director and CEO of another CPC, Draxos Capital Corp. (TSXV: DRAX).
Brian MacIntosh (Secretary)
Mr. MacIntosh is the principal of Sunnylea Capital Inc., a private Alberta company that provides contractual expertise and structured capital for new business development and sales initiatives. Mr. Macintosh has led a number of private companies which were acquired by senior telecom companies such as AT&T and Telus. He is also a past executive board member with YPO, a global organization of over 34,000 CEOs in over 150 countries. With a strong understanding of both SMB & Enterprise markets, Mr. MacIntosh brings the full force of 25 years of comprehensive hands-on management and operational expertise to bear on all engagements.
Upon approval of the foregoing appointments, Mr. Chuck Rifici will resign as director, CEO and CFO while Mr. Hugo Alves will be resigning as Secretary. Messrs. Brett Wilson and Lorne Gertner will remain as directors.
Messrs. Rifici and Alves are stepping down from the Corporation at this time to focus their attention on other business ventures they are currently engaged in. The Corporation would like to thank them for their service and wishes them well in their future endeavours.
Escrow share transfers
In conjunction with the change of management, it is proposed that an aggregate of 2,400,000 escrowed shares currently held by Messrs. Rifici, Alves and a third party seed shareholder will be transferred to the incoming directors and officers.
Disinterested Shareholder Approval
In addition to Exchange approval, the proposed changes of management and escrow transfers require approval by a majority of disinterested shareholders. Shares of the Corporation which are held by interested parties to the change of management and escrow share transfers will not be eligible to provide their approval. The Company will be seeking disinterested shareholder approval by way of written consent.
About Buzz Capital Inc.
Buzz is a capital pool company pursuant to the Policy, and in accordance with the Policy, until the completion of its Qualifying Transaction (as defined in the Policy) Buzz’s principal business is the identification and evaluation of companies, businesses or assets with a view to completing a Qualifying Transaction. Investors are cautioned that trading in the securities of a capital pool company is considered highly speculative.
For further information please contact:
Buzz Capital Inc.
Chuck Rifici, CEO
Telephone: 613-366-3631
Email: [email protected]
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168420
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.
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.
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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