BITCOIN AND CRYPTO

BitPay’s Accurate Payment Protocol Adopted by Exchange Partners Bitso, Bitstamp and Wallet Partners Edge and Guarda

BitPay | April 25, 2022

BitPays_Accurate_Payment
BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced two new exchanges and two new wallets are adopting its accurate payment protocol including top crypto providers Bitso, Bitstamp, Edge, and Guarda.

BitPay’s accurate payment protocol, the BitPay Protocol, enables more reliable blockchain payments by eliminating common payment exceptions including overpayments, underpayments, late payments, unconfirmed payments, and potential double-spend payments. In addition to the new partners, the BitPay Protocol has already been adopted by Blockchain Wallet, the world’s largest self-custody wallet. Many other leading wallets are also payment enabled including Electrum, BRD, Metamask, Ledger and more. Verifone’s 600,000 merchants, with a footprint of 35 million devices, also have BitPay’s Payment Protocol automatically enabled for in-store and online purchases.

BitPay first launched its accurate payment specification in 2017 to eliminate payment exceptions in transactions made with cryptocurrency, setting the standard currently adopted by top wallet organizations. Since then, the company has expanded upon the available features and now businesses can accept crypto through BitPay and receive error-free payments from over 200 million crypto users. As a blockchain payment processor, BitPay’s goal is to work with all wallets, and BitPay is the only payment processor who works with more than 100 different wallets to facilitate and optimize consumer to business and business to business payments. The company has processed over $5 billion in payments volume since inception, for tens of thousands of businesses worldwide.

Businesses accepting crypto should be able to accept payments from any crypto wallet and payments should post fast and be free of payment expectations. BitPay Protocol delivers on all these benefits and BitPay is pleased that our new and existing wallet and exchange partners have set the industry bar for payment quality, We are developing payment technology solutions to transform how businesses and people send, receive, and store money around the world making payments faster, more secure, and less expensive.”

Stephen Pair, CEO of BitPay.

Since the founding of Edge, we have always been passionate about people truly using cryptocurrency to buy and sell goods and services, We are happy to support the BitPay Payment Protocol to streamline the user experience at the point of sale for thousands of merchants and further drive adoption of cryptocurrency.”

Paul Puey, CEO / Co-founder at Edge.

About BitPay
Founded in 2011, BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth.

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Other News
FINANCIAL MANAGEMENT

Stifel to Acquire ACXIT Capital Partners

Stifel | June 08, 2022

Stifel Financial Corp. (NYSE: SF) today announced it has signed a definitive agreement to acquire ACXIT Capital Partners, a leading independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs. Terms of the transaction were not disclosed. ACXIT Capital Partners, with a team of about 50 professionals, operates primarily out of offices in Frankfurt, Zurich, and Munich. Since its founding in 1999, the firm has successfully completed nearly 500 transactions, including mergers & acquisitions, capital markets, and debt advisory and restructuring. ACXIT’s business is focused on providing advisory and capital solutions to emerging companies and is aligned with high-growth sectors of the global economy, including healthcare and technology. ACXIT also maintains strong positions in additional key verticals including industrials, real estate, and consumer/retail. Through this acquisition, we are extending our European footprint further into strategically important European markets, most notably Germany, This highly complementary combination with ACXIT Capital Partners allows us to accelerate the growth of our investment banking business by adding more geographical breadth and regional market expertise to our platform. It also forms a natural next step following the combination with Mainfirst in 2019.” Rob Mann, Head of European Investment Banking at Stifel. Stifel already has a formidable investment banking presence in the UK and Europe with more than 180 professionals based in the region’s major financial centers. Partnering with Stifel instantly gives us greater access to international markets, the ability to call on a deeper pool of industry expertise, and also enables us to deliver a broader set of products and solutions to our clients, Together, we have the necessary building blocks to create an even more formidable investment banking business throughout continental Europe.” Johannes H. Lucas, Founder and Senior Managing Partner of ACXIT Capital Partners. The Stifel network will substantially add critical resources to our business, giving us a powerful international platform to leverage, In particular, it will improve our reach into the vast U.S. investor base for growth capital, and provide enhanced capabilities to clients with cross-border aspirations.” Thomas Klack, Senior Managing Partner of ACXIT Capital Partners. After the closing of the transaction, Johannes Lucas and Thomas Klack will become Co-Heads of DACH (Germany, Austria, and Switzerland) Advisory at Stifel. ACXIT Senior Managing Partners Jens Tschauder and Tobias Warkus will also join Stifel’s DACH Management Board. We have been excited by the remarkable growth of our European investment banking business, which is now an integral part of our global investment bank, We are pleased to welcome the entire ACXIT team to Stifel, as we create more opportunities to leverage Stifel’s deep domain expertise across the strategically important DACH region.” Brad Raymond, Global Head of Investment Banking at Stifel. About Stifel Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC and Stifel Independent Advisors, LLC. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. About ACXIT Capital Partners ACXIT Capital Partners is a leading international corporate finance and financial advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1999, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, debt, and strategic advisory. As an independent, privately owned firm, ACXIT maintains offices in Frankfurt, Munich and Zurich as well as strong alliances in the UK and France.

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CORE BANKING

Locality Bank Announces Partnership with Hurdlr to Provide One Stop Shop for Business Banking, Accounting, and Tax Prep

Locality Bank | June 13, 2022

Locality Bank, a digital-first community bank that launched January 12, 2022, has announced it has partnered with Hurdlr, a leading business expense, invoicing and accounting API. The integration on the Bank's mobile application is expected to roll out in 30 to 45 days. Utilizing the Hurdlr API integration with Locality Bank's platform will provide businesses with a way to seamlessly invoice their customers and automatically track expenses, income streams, and tax deductions imperative for accounting purposes. As a de novo bank, we have taken the path less traveled and see great value in building and shaping a digital experience that evolves with the needs of our clients. This means that we seek to partner with tech providers who are nimble and have a like-minded mission of enabling more businesses to thrive, Raj Bhaskar and the team at Hurdlr are invested in this mission, joining the cause with banks like Locality Bank to provide an end-to-end solution that allows us to fully support South Florida businesses." Corey LeBlanc, CTO and Co-Founder of Locality Bank. In partnership with Nymbus, the bank's online platform has been custom built on a modern cloud-native core banking system with an open API architecture providing the seamless integration of innovative features and capabilities, like Hurdlr, among others, supporting Locality Bank's objective of building an ecosystem that empowers local businesses to succeed. We are thrilled at what Locality Bank can do with our technology to create important functionality for local businesses, From sending invoices, and real-time reporting, to bookkeeping and banking, it is all about achieving the business owner's dream of having everything in one place." Raj Bhaskar, CEO and Co-Founder of Hurdlr. In November 2021, Locality Bank received final approval for a state charter and FDIC secure deposit insurance. The bank most recently completed its successful capital raise netting a total of $35 million after increasing the maximum amount from $23 million in subscriptions for stock. It is operating out of General Provision's Downtown Fort Lauderdale location (300 SW 1st Ave, Suite 155, Fort Lauderdale) until renovations of its main office (1400 South Andrews Avenue, Fort Lauderdale) are completed in Fall 2022. About Locality Bank Locality Bank is a digital-first community bank based in Fort Lauderdale, Florida. The bank serves local businesses by offering the traditional services of a community bank as well as user-friendly, cutting-edge technology. About Hurdlr Hurdlr is a rapidly growing fintech startup whose APIs, SDKs and apps help small businesses quickly overcome obstacles to year-round accounting, bookkeeping and income taxes. The company's white-label enterprise solutions allow fintechs, financial institutions and other platforms supporting these small businesses to seamlessly embed robust invoicing, expense tracking, financial reporting, accounting, and income tax features.

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BITCOIN AND CRYPTO

Online Fundraising Platform, Classy, Launches Crypto Giving Powered by Coinbase Commerce

Classy | June 20, 2022

Today, Classy, an online fundraising platform that provides easy and intuitive technology for nonprofits, announces the launch of Crypto Giving. Through an integration with Coinbase Commerce, nonprofit organizations on Classy's platform can receive donations for multiple types of cryptocurrency, as easily as they can accept donations through credit cards, ACH, PayPal or Venmo. Classy's Crypto Giving product allows nonprofits to tap into a new cohort of philanthropic supporters looking to make a difference by donating their cryptocurrency. Crypto Giving makes it easy for them to donate and equally as easy for a nonprofit to accept the donation. Unlike other cryptocurrency offerings for the nonprofit sector, Classy's offering is built directly into the core giving platform, meaning the option to give in cryptocurrency like Bitcoin or Ethereum, lives right on the organization's donation page and is available across multiple campaign types. And because Crypto Giving is built directly into Classy Pay, Classy's nonprofit payment processing tool, transaction reporting happens directly in-product, alongside all other donations. This offering for Classy's customers comes at a time when cryptocurrency donations have seen an uptick in mainstream activity, such as $60M in cryptocurrency donated as a result of the humanitarian crisis in Ukraine. While the world of cryptocurrency is evolving quickly, Crypto Giving positions nonprofits to tap into this network of donors as it becomes increasingly ubiquitous. The addition of cryptocurrency to our portfolio of payment options is representative of Classy's continued efforts to develop the most impactful and purposeful fundraising technology, No other nonprofit fundraising solution has this type of functionality, across multiple campaigns, built natively into their platform. Nonprofits can now tap into new networks of donors and drive higher conversion rates, all with an easy back-end experience that provides almost immediate data." Christopher Himes, CEO of Classy. At launch, cryptocurrency donors will also be given the option to help offset the environmental impact of their donation by making a one-off individual environmental offset donation via Offset Alliance. Offset Alliance is a certified B Corp that helps make it simple to take measurable and meaningful climate action. Crypto donations have become an increasingly popular and effective way for nonprofits to raise funds. Accepting crypto as an additional donation option allows nonprofits to reach a wider base of donors, and offers consumers more flexibility when donating to causes they care about. We're thrilled that Coinbase Commerce is powering Classy's Crypto Giving solution and we're excited to see more donors drive positive impact through crypto." Coinbase Commerce Product Manager Roy Zhang. About Classy Classy, an affiliate of GoFundMe, is a Public Benefit Corporation and giving platform that enables nonprofits to connect supporters with the causes they care about. Classy's platform provides powerful and intuitive fundraising tools to convert and retain donors. Since 2011, Classy has helped nonprofits mobilize and empower the world for good by helping them raise nearly $4 billion. Classy also hosts the Collaborative conference and the Classy Awards to spotlight the innovative work nonprofits are implementing around the globe.

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CORE BANKING

NBT BANK AND CEI-BOULOS CAPITAL MANAGEMENT LAUNCH HIGH-IMPACT REAL ESTATE EQUITY INVESTMENT FUND

NBT Bank | June 16, 2022

NBT Bank and CEI-Boulos Capital Management announce the launch of the NBT CEI-Boulos Impact Fund, a $10 million real estate equity investment fund with NBT Bank as the sole investor. The fund is designed to support individuals and communities with low- and moderate income through investments in high-impact, community supported, commercial real estate projects located within the bank's Community Reinvestment Act (CRA) assessment areas in New York. As a community bank, NBT is committed to the communities we serve, This includes doing our part to create stronger, healthier neighborhoods. We believe that investments in projects that deliver critical affordable housing can also have a ripple effect in supporting job creation and strengthening our communities." NBT Bank President & CEO John H. Watt, Jr. The NBT CEI-Boulos Impact Fund is managed by CEI-Boulos Capital Management, a fund management company focused on delivering competitive financial returns and social impact. CEI-Boulos helps banks achieve their CRA objectives by organizing and managing funds that invest in financially attractive, high-impact commercial real estate projects that benefit the communities in which they are located. CEI-Boulos prioritizes projects that represent collaborations between various entities—including non-profits, local and state government, philanthropic institutions, banks, community development finance institutions, community-based organizations, private investors, and local developers—that share a vision for their community. NBT will create a social impact advisory board to evaluate redevelopment and new construction projects, such as multi-family, mixed-use, industrial, office, retail and hospitality projects that closely align with community needs. The advisory board will provide input related to the social and environmental impacts of the fund's proposed investments. Areas of targeted impact will include: Projects that support job creation Affordable and workforce housing Main Street revitalization/historic preservation developments that do not contribute to gentrification/displacement Developments that serve non-profit organizations Environmentally sustainable real estate developments The project investment area includes the following counties: Chenango, Clinton, Cortland, Delaware, Essex, Franklin, Fulton, Greene, Hamilton, Montgomery, Otsego, St. Lawrence, Albany, Rensselaer, Saratoga, Schenectady, Schoharie, Madison, Onondaga, Oswego, Herkimer, Oneida, Broome, Tioga, Warren and Washington. About NBT Bank NBT Bank offers personal banking, business banking and wealth management services from locations in seven states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. The bank and its parent company, NBT Bancorp, are headquartered in Norwich, NY. NBT Bancorp had assets of $12.1 billion as of March 31, 2022 and is traded on the Nasdaq Global Select Market under the symbol NBTB.

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Spotlight

In this video, Rob Lovelace reveals the origins of the Capital System, the group's strategy for running scalable, diversified, high conviction portfolios and explains why a star manager culture will never again take hold.

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