INVESTMENTS
Prometheus | June 15, 2022
Prometheus Alternative Investments, Inc., a premier fintech social marketplace and investment opportunities provider, has announced the launch of a new digital fund marketplace and social network focused on alternative investment funds.
Based in Los Angeles, California, Prometheus was founded by hedge fund professionals. As a platform, it enables investors of all kinds to connect with well-known investment professionals through a built-in social network. The platform is democratizing access to a range of thought leaders and investment learning for all.
Prometheus is excited to launch an innovative approach that reaches out to accredited investors of all types. We are also excited to give fund managers the tools and platform needed to grow their targeted investor base through social content, networking, and transparency. Prometheus offers a chance for accredited investors to meet the people behind the fund and gives the opportunity to source new and credible investment ideas from trusted professionals. With our in-platform social content, investors of all types can gain insights from thought leaders, democratizing access to some of the leading investment professionals today."
Michael Wang, CEO and Founder of Prometheus
In addition, the Prometheus Marketplace provides verified investors quality access to an evolving market of alternative investment options. The user-friendly mobile app and website allows investors the option to explore, research, follow and interact with investment professionals such as hedge fund managers, crypto fund experts, and venture capital and private equity fund leaders.
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FINTECH
Exadel | June 23, 2022
Exadel, a leading software consultancy firm with a global footprint, announced that it has acquired fintech company CPQi, whose offerings include transformational services for companies around the world.
I am delighted to welcome CPQi to the Exadel family. This new partnership brings an extensive range of FinTech capabilities as well as advanced technology expertise in the areas of robotics process automation, predictive technology, and cloud services that add significantly to our overall offering. And with offices in Brazil, Chile, Peru, Mexico, and Canada, CPQi fits perfectly with our greater expansion into Latin America and Canada. I am confident that the addition of CPQi capabilities and locations alongside Exadel's service and solution offerings will create significant value for clients in the marketplace and continue to drive growth."
Darren Oberst, CEO of Exadel
CPQi offers consulting and technical services as well as resources for top financial institutions in the Americas, with an emphasis on cutting-edge fields like blockchain development, omnichannel banking, and predictive artificial intelligence.
The geographical spread, culture, and scale of Exadel made them the perfect choice for our next stage of growth. Matching our expertise in the financial markets technology arena with the new markets and much larger talent base of Exadel makes this a winning combination."
Terry Boyland, Founder and CEO, CPQi
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PAYMENTS
PrimeRevenue | June 28, 2022
FIRA (Trust Funds for Rural Development), a second-tier development bank that offers credit and guarantees among other products to the agriculture, livestock, fishing, forestry and agribusiness sectors in Mexico announced a new partnership with PrimeRevenue, Inc., the leading global provider of technology-enabled working capital solutions
eFactor's digital solutions, powered by PrimeRevenue's technology, will help streamline the funding of FIRA with its network of Banking and Non-Banking financial intermediaries (IF's). The foregoing will facilitate FIRA funding in the eFactor Marketplace, which is estimated to close with more than $7.5B USD in 2022.
This innovative model of connecting Bank with Bank, in this case, FIRA with its network of FIs and NBFIs, is created to facilitate factoring programs for clients related to the rural, agricultural, forestry and fishing sectors, as well as localities with a population of up to 50,000 inhabitants.
This is what we are seeking: to specialize and deepen services to the agribusiness sector with a leading technology company. It is an alliance where FIRA wins because it extends services with the help of technology, and we believe that eFactor wins to the extent that it can extend its services of value for the agribusiness."
Jesús Alan Elizondo Flores, Managing Director of FIRA.
With this alliance, FIRA extends its financial services to small, medium and large producers, for working capital and factoring. Once migrated to the FIRA portfolio, they will be able to use the resources through the eFactor Network technology's platforms.
About PrimeRevenue
As a pioneer in global B2B payments, the PrimeRevenue SurePay Platform connects the entire supply chain by improving working capital and automating digital payments. Thousands of companies around the world leverage one streamlined platform to increase payment visibility, enhance control, and improve cash flow. PrimeRevenue is headquartered in Atlanta, with offices in London, Prague, Hong Kong, and Melbourne.
About eFactor Network
eFactor Network is a fintech company, leader in working capital financing in Mexico, started in 2009 with the vision of helping large purchasing organizations improve their working capital by extending payment terms without increasing the burden of their supply chain, as well as to serve its suppliers by giving the option of obtaining an advance payment at attractive financing rates. It has alliances with development banks such as IFC World Bank, IDB Invest, Bancomext, BLADEX and PrimeRevenue; today it has more than 15,000 clients and a presence in 20+ countries where they pay company suppliers in various currencies.
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