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Galileo Financial Technologies Continues Strong Momentum With Record 2020

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SALT LAKE CITY, Jan. 28, 2021 /PRNewswire/ — Galileo Financial Technologies, the API standard for card issuing and digital banking and a subsidiary of Social Finance, Inc. (SoFi), announced today it signed a record number of new deals during 2020, strengthened existing partner and client relationships, and is working with numerous new partners as they prepare to launch their programs over the coming months of 2021.

Galileo signed a total of 41 new enterprise partners in 2020, up from a record-setting 31 new partners in 2019. Galileo continues to be the first choice for industry-leading players, including Dave.com, a neobank on a mission to create financial opportunity that advances America's collective potential, by helping its customers budget, avoid overdraft fees, find work and build credit; MoneyLion's RoarMoney, a demand deposit account that meets consumers' financial needs as they evolve, from faster access to their funds to safe and secure contactless payment options; Robinhood's cash management feature; Albert, with a $100 million Series C raise this week, which is building a new financial service to democratize how people manage, save and invest their money using automated features, while providing personalized advice from a team of human financial experts; and TomoCredit, the inclusive credit card for the next generation of consumers lacking credit history.

A testament to the continued premium service Galileo provides, the company also renewed 99% of revenue for agreements rolled over during 2020.

In 2020, Galileo expanded into Latin America, opening an office in Mexico City and certifying Mastercard's local Mexican domestic switch. Galileo has agreements with seven LatAm-based companies, including many of Mexico's leading neobanks, and is currently powering two groundbreaking fintechs as they advance financial inclusion across Latin America, including fintech innovator Klar, a 100% digital, transparent, free and secure alternative to traditional debit and credit services in Mexico, and Ualá whose successful entry into Mexico was powered by Galileo. In Mexico, the Argentina-based fintech juggernaut offers a mobile app, linked to a digital account, and an international debit card with no issue, renewal or maintenance costs.

2020 also marked the launch of Galileo Instant, a fast, low-cost way for early-stage companies, such as fintech startups, gig-economy, e-commerce and marketplace companies, to enable digital payments. Galileo Instant also provides a solution for businesses that want to expand opportunities by embedding payments into their business model. More than 1,500 businesses have registered through the Instant Dashboard, including Purple, a mobile banking app for people with disabilities, and Neggster, a youth-focused banking app. Both have recently moved into full production.

About Galileo

Galileo, the API standard for card issuing, virtual card solutions and digital banking, is a global payments processing platform that powers world-leading fintechs, challenger banks, neobanks, financial services and investment firms by removing the complexity from payments. Galileo makes it fast and easy for many types and sizes of businesses to innovate and deliver amazing financial services user experiences to their customers through the Galileo Pro and Galileo Instant Solutions. Headquartered in Salt Lake City, Galileo has offices in Mexico City, New York City and San Francisco. Galileo-ft.com.

 

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SOURCE Galileo

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Portuguese telecommunications company NOS starts distributing Lleida.net services in Portugal

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LISBON, Feb. 22, 2021 /PRNewswire/ — Portuguese telecommunications company NOS (Lisbon: NOS.LS) has started distributing Lleida.net (BME: LLN) (EPA: ALLLN) (OTCQX: LLEIF) registered electronic signature and notification services in Portugal.

NOS is the largest communications and entertainment group in Portugal and is listed on Portugal's main stock market index (PSI-20).

From now on, NOS will distribute in Portugal Lleida.net's registered services, such as the Certified SMS, the Certified Email and the Certified SMS Contract, which provide reliable proof of sending, receiving and processing data.

As a result of its strategic alliance with the Spanish traded company, which was announced last September, NOS has become the first telecommunications company in the country to be included in the National List of Trusted Service Providers.

The Portuguese National Security Office (GNS) is responsible for this list.

The services to be marketed by NOS are mainly aimed at the banking, insurance and energy industries, as well as at the public administrations, in a programme that is a pioneer in Portugal.

“NOS and Lleida.net have taken an important step for the advancement of the Certified Electronic Communications industry in Portugal. This partnership with such an important company as NOS is going to be key for our consolidation in that country in the near future”, said Sisco Sapena, CEO and founder of Lleida.net.

Manuel Ramalho Eanes, Executive Director of NOS, added: “This partnership reinforces our commitment to building a technologically advanced society while offering an excellent service to our customers. By providing the registered SMS service, NOS is directly committed to creating more efficient conditions for Portuguese companies to face the challenges of digital transformation”.

Lleida.net is the leading European registered electronic signature and electronic notification corporation.

It has been granted 200 patents worldwide in the realm of registered electronic signature and registered electronic notification.

Founded in 1995, Lleida.net was listed on the Spanish alternative stock market in 2015, on Euronext Growth in Paris in 2018 was listed on the OTCQX segment of the OTC Markets Group in New York last year.

NOS offers cutting-edge solutions in fixed and mobile telephony, television, internet, voice and data to all market segments.

In the enterprise market, it offers a broad portfolio of products and services, with solutions adapted to each sector and to companies of different sizes, complementing its offering with ICT, IoT and Cloud services.

It is the leader in cinema distribution and exhibition with a 61.5% share of gross revenues in Portugal, with 31 cinema complexes and 218 cinemas.

It has 4.9 million mobile telephony customers, 1.6 million television customers, 1.8 million fixed telephony clients and 1.4 million fixed broadband Internet customers. 

 

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Moore Kuehn Encourages TPCO, PTVCA, PBCT, and COO Investors to Contact Law Firm

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NEW YORK, Feb. 22, 2021 /PRNewswire/ — Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies:

  • Tribune Publishing Company (NASDAQ: TPCO)

Tribune Publishing has agreed to be acquired by affiliates of Alden Global Capital.  Under the proposed transaction, shareholders of Tribune will receive $17.25 per share.

  • Protective Insurance Corporation (NASDAQ: PTVCA)

Protective Insurance has agreed to be acquired by The Progressive Corporation.  Under the proposed transaction, shareholders of Protective will receive $23.30 per share.

  • People's United Financial, Inc. (NASDAQ: PBCT)

People's United Financial has agreed to be acquired by M&T Bank Corporation.  Under the proposed transaction, shareholders of People's will receive 0.118 shares of M&T common stock per share.

  • Cooper Tire & Rubber Company (NYSE: COO)

Cooper Tire & Rubber has agreed to be acquired by The Goodyear Tire & Rubber Company.  Under the proposed transaction, shareholders of Cooper Tire will receive 0.907 shares of Goodyear common stock and $41.75 in cash per share.

Moore Kuehn is investigating whether the Boards of the above companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process. 

Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq. by email at [email protected] or telephone at (212) 709-8245.  The consultation and case are free with no obligation to you.  Moore Kuehn pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.  

Moore Kuehn is a 5-star Google rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims.  For additional information about Moore Kuehn, please visit http://www.moorekuehn.com/practice/new-york-securities-litigation/.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
[email protected]
(212) 709-8245

 

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SOURCE Moore Kuehn, PLLC

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Embrey Sells Kelley at Samuels Avenue in Fort Worth

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SAN ANTONIO, Feb. 22, 2021 /PRNewswire/ — Embrey announces that it has sold Kelley at Samuels Avenue, a premier property thoughtfully integrated into a historic site overlooking the Trinity River, in Fort Worth.

As part of the project, Embrey preserved two historic homes on the site by moving one to a new location, and the other, known as the Garvey House and “Queen of the Trinity” was transformed into the property's leasing office. The Garvey House is a Texas landmark recorded by the Texas Historical Commission. 

“Embrey is quite proud of this project and the awards recognizing the historic preservation,” said John Kirk, Managing Director & Executive Vice President of Development. “The community itself offers views of the river and the skyline of downtown Fort Worth and a comprehensive list of amenities. With its connection to Texas history, it has proven to be a desirable place where residents want to be.”

Community amenities include a reservable clubhouse for private parties, a resident library, a fitness center with yoga and spin studio with virtual trainer, a game room, and a biergarden. Residents also have access to a tech lounge with WIFI, a bike shop and storage, package lockers, a pet park and spa, an outdoor kitchen, expansive covered porches, and controlled access gates. 

Units offer spacious floor plans and luxury appointments such as full-size washers and dryers, wood-style plank flooring, large kitchen islands with undermount sinks, stainless appliances, granite and quartz countertops, under-cabinet lighting, side-by-side refrigerators, and garden-style soaking tubs.

About Embrey Partners
San Antonio-based Embrey Partners, Ltd., is a diversified real estate investment company that owns, develops, builds and manages multifamily and commercial assets in targeted markets across the United States. Since 1974, Embrey has developed more than 41,000 apartments and over 6 million square feet of commercial property. Embrey is a leading developer in the multifamily sector, with more than 6,000 units under construction or in development. www.embreydc.com

 

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SOURCE Embrey

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