BITCOIN AND CRYPTO

TicketSocket Collaborates with CoinPayments to Enable Cryptocurrencies and NFTs as Payment Mode

TicketSocket | February 17, 2022

TicketSocket_Collaborates_with
TicketSocket has recently collaborated with CoinPayments to enable TicketSocket customers to use cryptocurrency and NFTs in combination with TicketSocket's NFT ticketing system - Sell NFT Tickets as a payment mode for events instead of cash. Cryptocurrencies like Bitcoin and ERC20 Tokens are possibly being used for events payments. Together the companies are leveraging blockchain technology to provide standard modes of payment. The integration will follow the trend with the help of a model similar to what QuiD POS, a payment platform solutions provider, has adopted.

TicketSocket will now accept all cryptocurrencies available on majority exchanges, such as Gemini, Coinbase, and Binance. Apart from this, TicketSocket announces to allow merchants to specify crypto coins to accept for their events admissions. Over this announcement, CoinPayments' CEO Jason Butcher joined and shared his comments. He says, "We are keen to partner with TicketSocket and illustrate the limitless potential CoinPayments provides for merchants worldwide. Our robust and seamless solution will allow TicketSocket customers to accept cryptocurrency as a form of payment, providing an easier way of conducting business and reaching a broader consumer base.”

The corporation of crypto payments in event planning depicts a substantial shift in B2B and B2C. The massive shift of companies may accumulate an abundance of digital wealth in the future. The companies dealing with hard cash supply can also generate revenue to increase their transactions digitally. In this case, TicketSocket is eventually noting a positive impact—as in January 2022, around seven TicketSocket customers have begun using cryptocurrencies and NFTs as modes of payment. In this way, the company anticipates more of their older and newer customers to follow the new suite of payment faster and sooner. 

We feel that this partnership with CoinPayments is extremely timely in the industry as we simultaneously release support for NFT ticketing, this provides our clients with all the tools they need to be successful and stay cutting edge.”

Mark Miller, CEO of TicketSocket, also was heard saying,

TicketSocket currently stands as a leading NFT ticketing provider among other providers globally. The partnership of TicketSocket and CoinPayments now allows TicketSocket customers to sell tickets and include registrations for events of all types and sizes into crypto.  Launching the new payment mode and solution will enable buyers to purchase tickets through Fiat or Crypto and obtain a unique NFT. TicketSocket provides this service through a dynamic minting system that delivers 100% original NFTs to buyers.

Spotlight

The more layers of security, the better the protection. The sum of this multi-layered approach not only ensures optimum protection of sensitive information against cyber-attacks, but also renders the data useless in the case of a breach. Click below to enlarge the infographic.

Spotlight

The more layers of security, the better the protection. The sum of this multi-layered approach not only ensures optimum protection of sensitive information against cyber-attacks, but also renders the data useless in the case of a breach. Click below to enlarge the infographic.

Related News

FINTECH

Airwallex named “Startup of the Year” in US FinTech Awards 2022

Airwallex | September 26, 2022

Airwallex, a leading global fintech platform, announced it has been recognized as the “Startup of the Year” in the US FinTech Awards. The US FinTech Awards celebrate the achievements and successes of the U.S. FinTech community each year. The awards honor innovators, directors, and rising stars across the U.S. industry through 20 categories. This year’s awards attracted hundreds of nominations across each category and across the full spectrum of fintech, and Airwallex is proud to be at the top. As winner of “Startup of the Year”, Airwallex was recognized by the judging panel to be “innovative and impactful, engaging and always enabling customers in the movement of money on a global scale. This fintech is well on its way to becoming established in the U.S. market and making the world even bigger for its target clients. A lesson in excellence.” “After launching in the U.S. just one year ago, to be able to take home the award for U.S. Startup of the Year is a true honor, That said, this is really just the beginning for Airwallex in the U.S. We are laser focused on ensuring we continue to strengthen our products and offerings so we can provide businesses in the U.S. and broader Americas region with a global infrastructure that can seamlessly support their payment and financial services needs.” -Ravi Adusumilli, General Manager, Americas at Airwallex Airwallex was first established in Melbourne, Australia in 2015, and is today, the leading financial technology platform for modern businesses growing beyond borders. The business operates with a team of over 1,200 employees in 19 locations across Asia-Pacific, Europe, and North America. In the U.S., Airwallex has a team of almost 50 across product and engineering, legal, risk & compliance, partnerships and sales, and is planning to continue expanding its U.S. team to further strengthen its foothold in the market. About Airwallex Airwallex is the leading financial technology platform for modern businesses growing beyond borders. With one of the world’s most powerful payments and banking infrastructure, our technology empowers businesses of all sizes to accept payments, move money globally, and simplify their financial operations, all in one single platform. Established in 2015 in Melbourne, our purpose is to connect entrepreneurs, business builders, makers and creators with opportunities in every corner of the world. Today, Airwallex has a global footprint across Asia-Pacific, Europe, and North America. About US FinTech Awards The US FinTech Awards is brought to you by FinTech Intel, the global market intelligence platforms for financial services technology. The US is home to the world’s premier financial services center and a burgeoning financial technology market. These awards were developed to celebrate this incredible community, and the achievements and successes of the country’s best and brightest. The categories are designed to cover the full spectrum of fintech, and submissions are judged by an independent panel of experts.

Read More

FINTECH

Fluence Acquires Sturnis365 for Collaborative Disclosure Management and Narrative Reporting

Fluence Technologies, Sturnis365 | July 06, 2022

Fluence Technologies, the only provider of purpose-built financial consolidation, close and reporting software for high-growth businesses, today announced the acquisition of Sturnis365, the leading provider of intelligent, collaborative disclosure management and narrative reporting solutions. Sturnis365 serves dozens of public, private and pre-IPO customers across Europe including AB InBev, Enel Group, Rothschild & Co., Bouygues Group, Ferragamo and KBC Bank. Like Fluence, Sturnis365 offers a familiar Microsoft Office interface and domain-specific workflow to automate collaborative report production, combining companywide data and narrative text for: Immediate adoption among finance and business professionals compared to reporting available in their ERP system Game-changing efficiency gains in report production compared to standalone Excel spreadsheets, Word and PowerPoint documents Trusted, accurate internal and external reporting for any stakeholder, auditor or regulator “Sturnis365 is a natural extension of our consolidation, close and reporting solution so CFOs can stay ahead of evolving reporting demands on the office of finance,” said Michael Morrison, CEO of Fluence Technologies. “Further, Sturnis365 strengthens our position in Europe, where more than 70% of their customers and partners are based. We also gain seasoned employees with strong ‘DNA’ in collaborative disclosure management.” “Sturnis365 is a natural extension of our consolidation, close and reporting solution so CFOs can stay ahead of evolving reporting demands on the office of finance,” said Michael Morrison, CEO of Fluence Technologies. “We are excited about the value Fluence and Sturnis365 presents to our customers and partners,” said Didier Katz, co-founder and director at Sturnis365. “Companies across the globe are looking for a solution that combines financial consolidation, close and disclosure management in a single offering. Now, Fluence is the only player on the market that can meet this need." Katz and fellow Sturnis365 co-founders Marco Mattei and Piero Ferreri are joining Fluence’s leadership team as part of the acquisition, along with their respective teams in product development, services, sales and marketing. Fluence and Sturnis365 have already secured joint customers including cryptocurrency trading platform provider WonderFi. “When we learned about Sturnis365, we were considering a legacy disclosure management solution that would have cost a significant amount and taken months to implement,” said John Rim, CFO at WonderFi. “Between its out-of-the-box functionality, Office integration and the fact that our finance team can manage the entire reporting process, we quickly realized how much more we’d benefit from Sturnis365.” “Today’s CFOs don’t just need modern consolidation software, but end-to-end group accounting solutions spanning from account reconciliation to disclosure management.” said Carsten Bange, founder and CEO of BARC. “With its acquisition of Sturnis365, Fluence has broadened its offering to meet the changing needs of the constantly evolving finance function.” "Acquiring Sturnis365 continues building on the vision of a complete financial corporate performance management suite that Michael Morrison and our team had when we originally invested in Fluence,” said Stephen Davis, managing partner at Banneker Partners, Fluence’s principal investor. “We look forward to Fluence continuing to deliver exceptional value to its customers." The announcement comes just over six months after Fluence acquired self-serve, Excel-centric reporting software vendor XLCubed, and three months after unveiling its purpose-built account reconciliation and transaction matching solution. As a result, Fluence now has the market’s only end-to-end consolidation, close and reporting solution, and over 900 customers worldwide. For more information on Fluence’s disclosure management and narrative reporting solution, visit: https://www.fluencetech.com/disclosuremanagement/home About Fluence Technologies - www.fluencetech.com Fluence is the only pure-play financial consolidation, close and reporting software for high growth businesses. Our customers go live in weeks, close their books in days and report intelligence in real time. We deliver game-changing efficiency gains and trusted, timely numbers to over 900 customers so they get the time, control and confidence they deserve. Fluence is out-of-the-box, no-coding software with a full Excel interface and enterprise-grade capabilities for immediate adoption and quick time to value, all in a truly finance-owned solution. Welcome to Fluence...we close early. About Sturnis365 - www.sturnis365.com Sturnis365 provides full end-user collaborative creation, publication and disclosure of corporate information, including for annual and periodical corporate reports, sustainability and ESG reporting, compliance and risk reporting and procurement and tax disclosures. Our unique Inversed Design capability allows for automated data synchronization to reduce document setup and maintenance and optimize overall cost of ownership.

Read More

INVESTMENT MANAGEMENT

Arsenal Capital Partners Acquires Innovative Products & Equipment as its Second Investment to Build Leading Automation Solutions Business

Arsenal Capital Partners and Innovative Products & Equipment | August 24, 2022

Arsenal Capital Partners (Arsenal), a private equity firm that specializes in investments in industrial growth and healthcare companies, today announced that it has completed an investment in Innovative Products & Equipment, Inc. (Innovative), which it will combine with Eckhart, Inc. (Eckhart) to build a leading automation solutions provider serving highly complex applications in high-growth end markets. The terms of the Innovative acquisition were not disclosed. Innovative, an automation solutions provider which focuses on the medical device and life sciences markets, represents Arsenal's second investment in the automation sector, following the acquisition of Eckhart in December 2021. Together, Innovative and Eckhart will provide specialized automation solutions, including Factory of the Future (design simulation) services, single & multi-cell automation systems, and fully automated assembly lines, as well as automation technologies, including Autonomous Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), thermal bonders, servo presses, and semi-automated tooling. "We are excited to work with the Innovative team to enhance our delivery of advanced, end-to-end automation capabilities for our customers, Rich, Eric, Dale, Kevin, and the rest of the Innovative team have developed a reputation in the medical device and life sciences markets for solving mission-critical issues for their customers, and we believe joining forces will position us well for our next phase of growth." -Andy Storm, CEO of Eckhart Rich Brownstein, Principal and Co-President of Innovative, stated, We are thrilled to partner with Arsenal, Andy, and the Eckhart team. The scale, capabilities, and resources that we can provide as a combined company will allow us to strategically accelerate growth as we support our global customer base with higher productivity, efficiency, and precision. Arsenal's reputation and experience investing in innovation-forward industrial technology and healthcare companies gives us confidence in the future growth prospects of our industry and company. Sal Gagliardo, an Operating Partner of Arsenal, added, Innovative is the latest example of our commitment to invest significant capital behind the substantial growth in automation and expand our presence in attractive, specialized end markets, such as medical device and life sciences. SVB Securities served as exclusive financial advisor and Ruberto, Israel & Weiner P.C. served as legal advisor to Innovative on this transaction. Harris Williams LLC served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Arsenal and Eckhart. About Innovative Products & Equipment Founded in 1980 and headquartered in Hudson, New Hampshire, Innovative provides complex automation and product & process development solutions to blue-chip customers in specialized markets, with a focus on medical device and life sciences. Innovative's technologies and solutions include automated assembly and test systems, machine vision solutions, integrated robotics, and engineering services. About Eckhart Eckhart, based in Warren, Michigan, designs, builds, and sustains advanced industrial solutions used to solve complex manufacturing needs. Eckhart's proven portfolio of Industry 4.0 technology includes autonomous guided vehicles (AGVs), collaborative robot systems, traditional robotics, assembly automation & simulation, 3D printing tool development & production, and Factory of the Future consulting for the world's largest manufacturers. About Arsenal Capital Partners Arsenal Capital Partners is a leading private equity firm that specializes in investments in industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling over $10 billion, completed more than 250 platform and add-on acquisitions, and achieved more than 30 realizations. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add.

Read More