Fred Ehrsam joins Fireblocks Board of Directors as company looks to aggressively expand its presence in key global markets
NEW YORK, HONG KONG and SINGAPORE – Media OutReach – 19 November 2020 – Fireblocks (www.fireblocks.com) announced today it has raised $30 million in Series B funding, bringing its cumulative fundraising to $46 million. This round was led by Paradigm (https://www.paradigm.xyz) with participation from existing investors, Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG), and Cedar Hill Capital. Coinciding with the completion of this round of fundraising is the addition of Fred Ehrsam to Fireblocks’ Board of Directors. Ehrsam is the co-founder and Managing Partner at Paradigm, and co-founder of Coinbase.
“Fireblocks has become the go-to for any business looking to build new digital asset operations or scale existing ones,” said Ehrsam. “The extraordinary growth of the Fireblocks Network and its team in the last year attests to the enormous value they have unlocked for enterprise and institutional customers. Beyond custody, Fireblocks has made a simple crypto backend for everything from hedge funds to fintech platforms to plug directly into crypto and be able to access every trading venue, liquidity provider, lending desk,counterparty, and crypto-native app in the ecosystem.”
Since launching in June 2019, Fireblocks has facilitated the transfer of over $150 billion in digital assets for enterprise and institutional customers in Asia, Europe and North America. In Asia, Fireblocks has offices in Hong Kong and Singapore. Using Fireblocks’ MPC-based wallet infrastructure and Network for secure custody and settlement, companies such as Revolut, Celsius, BlockFi, PrimeTrust, Genesis, Nexo and more have securely expanded or launched new digital asset services. Today, the Fireblocks Network boasts 160+ active institutional participants, including some of the biggest liquidity providers, such as B2C2, Galaxy, Amber, and Three Arrows.
“By removing the complexities and costs associated with launching and expanding into new business streams that deal with digital assets and cryptocurrencies, we’ve seen a 533% increase in customer growth in Q3 as well as traction and adoption with some of the biggest and most innovative companies in finance,” said Michael Shaulov, CEO of Fireblocks. “The digital asset market is evolving rapidly and it’s happening simultaneously, all around the world. With the new injection of capital, we will be able to continue to grow our in-house R&D, marketing and sales talent to continue pushing the envelope on product innovation, and customer growth in key geographic regions.”
To support the rapid growth of the company, Fireblocks has expanded its team, welcoming Matt Maloney as Fireblocks’ SVP of Global Sales from Cisco. The company will be looking to make key strategic hires in product, engineering, and customer success.
In the next year, Fireblocks plans to continue to expand its services globally, working to empower new innovations in digital payments, banking, transactions and advance the security of the digital asset ecosystem.
For more information about job opportunities please visit: www.fireblocks.com/careers
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks has secured the transfer of over $150 billion in digital assets and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com.
Alliance Data Completes Acquisition of Bread®
COLUMBUS, Ohio, Dec. 4, 2020 /PRNewswire/ — Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced it has completed the acquisition of Lon Inc., a technology-driven digital payments company operating under the trademark Bread, offering an omnichannel solution for retailers and platform capabilities to bank partners. The acquisition was completed under the terms of the previously announced definitive agreement entered into on October 28, 2020. Alliance Data's aggregate consideration for this acquisition, valued at approximately $450 million at signing and subject to customary closing purchase price adjustments, consisted of cash and approximately 1.9 million shares of Alliance Data common stock, with a portion of the cash consideration deferred for a period of one year.
Alliance Data gains Bread's flexible technology platform and will soon offer to its brand partners installment and buy now, pay later solutions at the point-of-sale. Able to seamlessly integrate with online, mobile and brick and mortar shopping environments, Bread's platform gives Alliance Data's brand partners the tools to drive increased spend and loyalty as customers increasingly adopt digital payments.
Additionally, Alliance Data welcomes Bread's talented group of employees, many of whom are specialized technology and product engineers. These new Alliance Data associates bolster Alliance Data's agility, fintech knowledge and skillsets to support the innovation and development of new and expanded payment solutions. Bread will maintain its Tampa, Fla., customer care center and continue supporting its 400+ existing clients from its Innovation Center in New York City.
“Bread's innovative platform and point-of-sale technologies, including installment and buy now, pay later solutions, expands our payment offerings and reinforces Alliance Data's commitment to investing in digital and technology solutions,” said Ralph Andretta, president and chief executive officer, Alliance Data. “We are excited to welcome our new Bread associates, and look forward to working together to support our brand partners and their customers to drive greater value.”
With Bread, Alliance Data will offer its brand partners across verticals and their customers a number of ways to finance purchases of all sizes. As retailers and e-tailers alike appeal to tech-savvy shoppers seeking convenient digital options, installment and buy now, pay later solutions empower customers to choose the payment option that meets their needs.
“With several top-Millennial brands in our client roster, the capabilities and products acquired through Bread appeal to younger, digitally native consumers,” said Val Greer, chief commercial officer, Alliance Data's Card Services business. “Bread's easy, seamless integration and white labeling options give our brand partners the ability to quickly stand up these additional payment offerings, all while keeping their own branding at the forefront of the shopping experience.”
About Alliance Data
Alliance Data® (NYSE: ADS) is a leading provider of data-driven marketing, loyalty and payment solutions serving large, consumer-based industries. The Company creates and deploys customized solutions that measurably change consumer behavior while driving business growth and profitability for some of today's most recognizable brands. Alliance Data helps its partners create and increase customer loyalty across multiple touch points using traditional, digital, mobile and emerging technologies. A FORTUNE 500 and S&P MidCap 400 company headquartered in Columbus, Ohio, Alliance Data consists of businesses that together employ over 8,500 associates at more than 50 locations worldwide.
Alliance Data's Card Services business is a comprehensive provider of market-leading private label, co-brand, general purpose and business credit card programs, digital payments, including Bread®, and Comenity-branded financial services. LoyaltyOne® owns and operates the AIR MILES® Reward Program, Canada's most recognized loyalty program, and Netherlands-based BrandLoyalty, a global provider of tailor-made loyalty programs for grocers. More information about Alliance Data can be found at www.AllianceData.com.
Forward Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “project,” “plan,” “likely,” “may,” “should” or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding, and the guidance we give with respect to, our anticipated operating or financial results, initiation or completion of strategic initiatives, future dividend declarations, and future economic conditions, including, but not limited to, fluctuation in currency exchange rates, market conditions and COVID-19 impacts related to relief measures for impacted borrowers and depositors, labor shortages due to quarantine, reduction in demand from clients, supply chain disruption for our reward suppliers and disruptions in the airline or travel industries.
We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. These risks and uncertainties include, but are not limited to, factors set forth in the Risk Factors section in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.
Brian Vereb – Investor Relations
Shelley Whiddon – Media
Rachel Stultz – Media
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SOURCE Alliance Data Systems Corporation
Thinking about buying stock in Sutro Biopharma, BioCryst Pharmaceuticals, Inovio Pharmaceuticals, Cocrystal Pharma, or Clean Energy Fuels?
NEW YORK, Dec. 4, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for STRO, BCRX, INO, COCP, and CLNE.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- STRO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=STRO&prnumber=120420201
- BCRX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=BCRX&prnumber=120420201
- INO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=INO&prnumber=120420201
- COCP: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=COCP&prnumber=120420201
- CLNE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=CLNE&prnumber=120420201
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
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GOTRAX Announces 2020 Holiday Sale on Limited Stock of Electric Scooters, Kick Scooter, E Bikes on GOTRAX.com and Amazon
DENVER, Dec. 4, 2020 /PRNewswire/ — Today, GOTRAX announces that customers can access these deals on their products for kids and adults.
Below are the sale items:
- GOTRAX Most Popular Commuting Electric Scooters starting at $250
- Over $50 off Amazon's Choice for Adult Electric Scooters
- Top Rated Kids Hoverboards & Scooters starting at $29.99
- Save 40% GOTRAX Hover Kart Hoverboard Attachment w/ purchase of any hoverboard
- Save and Get Free Shipping on the Xr Ultra Electric Scooter – on Amazon
- Save up $100 on GOTRAX Newest Electric Bikes
- Top Rate Hoverboards Starting at $99.99
- Get the Newest Kids Electric Scooter for under $150 – on Amazon (Amazon)
December is a time when consumers are looking for the best deals on their holiday gifts and purchases. Many of these deals end after the Black Friday/Cyber Monday weekend. Check GOTRAX.com for Black Friday & Cyber Monday prices during the holiday.
While consumers are scrambling to get their holiday shopping done, they look for the best deals. GOTRAX is running deals on almost everything in the store, while supplies last. These deals include discounts on E-Bikes, Electric Scooters, Hoverboards, and other Kids Products. The popularity of these items continues to soar year over year. Electric Scooters and Bikes popularity grows as consumers look for eco-conscious, micro-transportation solutions. Hoverboards, thought to be a fast fad of the mid-2010's, continue to be in high demand. Kids and Adults alike enjoy the fun experience of the two wheeled self-balancing scooters.
Micro transportation is a growing trend and GOTRAX is staying ahead of the curve by offering consumers new ways to ride. You can always expect reliable vehicles from GOTRAX whether it be e-bike, electric scooter, or the next big thing.
About GOTRAX: GOTRAX is leading manufacturer and news source for micro transportation. As an Amazon Affiliate GOTRAX earns commissions from qualifying purchases.
Contact: Sam Gyongyosi ([email protected])
This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/gotrax-announces-2020-holiday-sale-on-limited-stock-of-electric-scooters-kick-scooter-e-bikes-on-gotraxcom-and-amazon-301185299.html
GOTRAX Announces 2020 Holiday Sale on Limited Stock of Electric Scooters, Kick Scooter, E Bikes on GOTRAX.com and Amazon
DENVER, Dec. 4, 2020 /PRNewswire/ — Today, GOTRAX announces that customers can access these deals on their products for kids and...
Alliance Data Completes Acquisition of Bread®
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Pressure BioSciences Proposed Acquisition Partner Cannaworx, Inc. Announces December 2020 Launch Date for FDA Registered Immune Booster
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Greater Than: The Winner Of FIA Smart Driving Challenge 2020 Is Crowned
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Argus launches US West Coast SAF price
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CooTek to Participate in December and January Investor Conferences
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Restaurant Franchise Financing Rebounds to Pre-Pandemic Levels, MUFG Says
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TF Bank has successfully issued subordinated Tier 2 bonds
STOCKHOLM, Dec. 4, 2020 /PRNewswire/ — TF Bank AB (publ) (“TF Bank” or the “Company”) has issued subordinated Tier 2...
2020 Consumer Trends Drive Performance of Relaunched Pier 1 Imports and Dressbarn E-Commerce Sites on Black Friday/Cyber Monday
DALLAS, Dec. 4, 2020 /PRNewswire/ — The shift to online-shopping, as well as trends like the quest for comfort at home,...