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The Leader in Hands-Free Footwear Expands Internationally, Aims To Become The Next Billion Dollar Shoe Brand.

SALT LAKE CITY, April 24, 2024 /PRNewswire/ — Kizik, the industry leader in hands-free footwear innovation, is thrilled to announce a strategic partnership with Unify Brand Partnerships, a prominent UK Distributor within the Active, Outdoor and Lifestyle industries. This partnership heralds a significant leap forward for Kizik in its aggressive global expansion strategy as it extends its reach of innovative footwear solutions to consumers across the United Kingdom.

Fuelling its omnichannel momentum, the DTC powerhouse continues strategically charting a course toward an expansive retail footprint both in the US and abroad. Its recent foray into wholesale in the US in 2024 has eclipsed expectations, having entered more than 500 doors of dozens of retailers with another influx anticipated. Moreover, Kizik has embarked on an ambitious retail expansion rollout, set to unveil two US stores within the next three months, with a projected total tally of 15 by the close of 2025. 

Under this new partnership, Unify Brand Partnerships will serve as the distributor for Kizik products throughout the UK market. Leveraging its extensive distribution network and expertise in brand management, Unify Brand Partnerships will help Kizik broaden its presence in the new market and deliver its innovative Hands-Free technology to a wider audience in wholesale and DTC channels. Beyond the UK, Kizik stands to bring its vision to Asia, with two transformative partnerships set to be announced within the next few weeks.

“We’ve witnessed resounding success domestically which has informed our efforts to take Kizik global,” said Monte Deere, CEO of Kizik. “As we continue to invest in our fast-growing international footprint, we’re thrilled to introduce Kizik to the United Kingdom through this strategic retail partnership with Unify Brand Partnerships. Outside of the convenience and functional benefits of our shoes, Kizik unlocks a new way of living that will resonate with consumers worldwide.”

Kizik opens up the power and potential of frictionless freedom through its patented Hands-Free technology, enabling consumers to experience the limitless possibilities of a life in motion while eliminating the hassle of tying shoes. Kizik’s revolutionary designs offer unmatched convenience and comfort with equal emphasis on style, making Kizik a preferred choice for consumers seeking footwear that seamlessly integrates into their active lifestyles – empowering them to go, see, do and explore unencumbered by their shoes.

“I am thrilled to announce our strategic partnership with Kizik, a true industry leader in hands-free footwear innovation,” added Damian Cooper, Managing Director of Unify Brand Partnerships. “Together, we are poised to redefine the footwear industry, offering unparalleled convenience, comfort, and style to customers across the UK. With Kizik’s ambitious goal to become the next billion-dollar shoe brand, we are excited to be part of their journey towards achieving this remarkable milestone.”

The partnership between Kizik Footwear and Unify Brand Partnerships underscores a shared commitment to innovation, quality, and customer satisfaction. Together, they are poised to elevate the footwear experience for customers across the United Kingdom.

For more information about Kizik Footwear and its innovative hands-free technology, please visit Retailers interested in carrying Kizik Footwear products in the UK can contact Unify Brand Partnerships at [email protected].

Based in Lindon, Utah, Kizik is the industry’s leading hands-free footwear brand, boasting more than 200 pending and granted patents. Powered by relentless innovation, Kizik is a catalyst that opens a big, bold, frictionless world that gives its customers freedom to go, see, do and explore—to find magic in motion. Offering stylish silhouettes for men, women, and kids, Kizik’s hands-free footwear truly is for everyone. To learn more, visit and follow @wearkizik.

Unify is an active, outdoor, and lifestyle fashion agency with a diverse portfolio of leading global brands. Unify’s fully integrated business allows them to consistently elevate brands in the UK market across all channels, from distribution, sales strategy, marketing, and PR to impactful brand activations through their long-lasting relationships with leading retailers. Founded in 2004, Unify has successfully established itself as one of the top multi-category brand and distribution specialists in the UK.

Media Contact:
Danielle Prager
[email protected]
(435) 962-9536

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PB Fintech slips 2% after over 8 million shares change hands via block deal




PB Fintech witnessed a 2% decline in its stock price, reaching Rs 1,313.65 per share, as approximately 8.4 million shares, equivalent to 1.86% of outstanding shares, were exchanged via block deals on the exchanges. By 9:44 AM, the volume surged to 9 million shares collectively on both exchanges, while PB Fintech’s stock price dipped by 0.56% to Rs 1,333 apiece, contrasting with a 0.22% decline in the S&P BSE Sensex.

Executive Share Sales

On May 16, PB Fintech announced that its Chairman and CEO, Yashish Dahiya, alongside Vice Chairman and Whole-time Director, Alok Bansal, intended to sell partial stakes in the company. Dahiya plans to sell up to 5.4 million equity shares, while Bansal aims to divest up to 2.97 million equity shares. Proceeds from the sale will be allocated primarily towards taxes on current and future ESOP exercises.

Following the sale, Dahiya will retain a 4.83% stake, while Bansal will hold a 1.63% stake in PB Fintech on a fully diluted basis. The company clarified that no further share sales are planned by the duo for at least one year.

Company Profile and Financial Performance

PB Fintech is actively involved in providing integrated online marketing and IT consulting services, primarily for the financial services industry, including insurance. The company operates Policybazaar, India’s largest digital insurance marketplace, and Paisabazaar, which offers lending-related services.

In Q4FY24, PB Fintech reported a net profit of Rs 60.19 crore, marking a significant improvement from the Rs 9.34 crore loss in the corresponding period of the previous year. The company’s revenue from operations surged by 25.4% year-on-year to Rs 1,090 crore in Q4 FY24, compared to Rs 869 crore in Q4 FY23.

For the entire fiscal year, PB Fintech’s net profit stood at Rs 64 crore, contrasting with the Rs 488 crore loss in FY23. The company’s consolidated operating revenue rose by 34% year-on-year to Rs 3,437 crore.

Analyst Perspectives

Analysts at Nuvama Institutional Equities raised their FY25/26 Ebitda estimates significantly to accommodate higher growth and improved profitability. However, they maintained a ‘Reduce’ rating on the stock due to its rich valuation, revising their target price to Rs 1,160.

Keynote Capital downgraded PB Fintech’s stock to ‘Reduce’ from ‘Buy’, citing that most of the positives appear to be priced in. Despite acknowledging the company’s positive momentum and profitability, the brokerage believes that current market expectations may be overly optimistic.

PB Fintech continues to navigate its growth trajectory amidst strategic initiatives and evolving market dynamics, as reflected by varying analyst viewpoints.


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US fintech Yendo secures $165m in mix of debt financing and equity




Yendo, a prominent fintech company based in the United States, has successfully secured $165 million in funding through a combination of debt financing and equity investment.

Funding Structure

The funding round comprised a mix of debt financing and equity infusion, highlighting investors’ confidence in Yendo’s growth prospects and business model. This significant financial injection underscores Yendo’s position as a key player in the fintech sector.

Investment Highlights

Yendo’s ability to attract such substantial investment underscores its appeal to investors. The company’s innovative approach and strategic positioning within the fintech landscape have positioned it for accelerated growth and market expansion.

Utilization of Funds

The newly raised capital will likely be deployed to fuel Yendo’s expansion initiatives, including product development, market expansion, and strategic acquisitions. The infusion of funds will provide Yendo with the financial resources needed to capitalize on emerging opportunities and consolidate its market position.

Market Impact

Yendo’s successful funding round is expected to have a positive impact on the broader fintech market, signaling investor confidence in the sector’s growth potential. The influx of capital into Yendo reflects the ongoing trend of significant investment activity within the fintech industry, driven by increasing demand for innovative financial solutions.


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Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub




Commerce Bank, headquartered in Kansas City, USA, has recently activated the FedNow instant payments service as part of its ongoing modernization efforts.

Collaboration with Temenos

Commerce Bank has partnered with Temenos, a leading Swiss vendor, to enhance its real-time payment capabilities. This collaboration builds upon Commerce Bank’s previous deployment of Temenos’ core banking platform in 2022 and its adoption of the Infinity loan origination solution earlier this year.

Utilization of Temenos Payments Hub

Commerce Bank has opted for the Temenos Payments Hub to integrate the FedNow service seamlessly. According to Temenos, this choice aims to amalgamate advanced banking products with cutting-edge delivery methods.

Insight from David Roller

David Roller, CIO of Commerce Bank, views this selection as a strategic step in their modernization journey. He emphasizes the bank’s commitment to meeting the evolving expectations of its customers by leveraging the capabilities offered by the Temenos platform.

Features of the Platform

The Temenos Payments Hub, delivered via Software-as-a-Service (SaaS), offers a comprehensive suite of payment tools and frameworks. These include features like straight-through processing, automated exception handling, cloud security measures, intelligent routing, and customizable workflows.

Leveraging the US Model Bank

In addition to the Temenos Payments Hub, Commerce Bank has also leveraged Temenos’ US Model Bank. This collection of pre-configured banking processes is tailored to address the specific requirements of the US market, further enhancing Commerce Bank’s operational efficiency and customer service.


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