Robert Ronning Shares Excitement over Letter of Intent from Victory Square Technologies

The LOI comes as PayVida is preparing to become a publicly traded entity

Vancouver, British Columbia - June 13, 2018 /MarketersMedia/ —

Co-founder of the blockchain-based payment processor PayVida Robert Ronning is sharing the news that Victory Square Technologies (“Victory Square”) plans on acquiring 33% of the company within the year. “We had multiple offers, a lot of people who wanted to lead the private placement. We are certainly honored to enter into an agreement with such a great company as Victory Square, and this partnership will definitely shape our future,” Robert Ronning commented.

The LOI comes as PayVida is preparing to become a publicly traded entity, with expectations of this happening in the early part of 2018. The support of Victory Square will allow the Vancouver-based enterprise to advance its mission of revolutionizing the Canadian payment processing industry. Starting with the premise that simplicity, affordability, and transparency are the key attributes of this service, PayVida has quickly progressed to the point where its technology and the expertise of its team have empowered the creation of an innovative, highly differentiated offering. With a keen sense of ethics and a focus on the morality side of payment processing, the company takes pride in being the first Canadian provider to eliminate the onus of contracts and discard cancellation fees while offering the benefits of next-day funding and a price lock guarantee. “The entire blueprint and DNA of what we built from day one rests on the notion of no contracts and no cancellation fees. We have the industry’s most transparent pricing, and we do not charge a monthly minimum,” as noted by Ronning.

Established in 2012 and headquartered in Vancouver, British Columbia, Victory Square is the ideal partner for PayVida given its focus on entrepreneurs with game-changing ideas. Businesses supported by the blockchain-focused venture builder obtain access to educational programs, global mentorship networks, distribution partners, creative workspaces, resources, and operational support in various other fields. Victory Square selects ventures with a potential for greatness and helps them build scale internationally. To date, it has changed the fortunes of more than 1,000 entrepreneurs and supported over 500 startups, assisting them in raising more than $100 million in combined funding. Its network partners include leading accelerators such as Y Combinator, 500 Startups, Techstars, and Launch Academy. The portfolio built by Victory Squareis a testament to the forward-thinking approach of the leadership team led by CEO Shafin Diamond Tejani. The company is investing in all the technologies that are disrupting economic sectors: artificial intelligence, virtual/augmented/mixed reality, and blockchain. In 2017, Victory Square became a member of the Blockchain Investors Consortium (BIC) – an organization dedicated to identifying global investment opportunities in the digital assets category.

Robert Ronning co-founded Dominion Card Services in 2012 and led it for ten months, using this time to refine the vision for his next venture. The financial services technology provider he launched early in 2013, PayVida Solutions is on a mission “to rebuild the payment industry from the ground up” and radically change the way businesses get paid. PayVida aims to spearhead the creation of a healthier marketplace by offering ethical and affordable payment processing solutions to business owners and entrepreneurs.

Robert Ronning - Co-founder of PayVida Solutions: http://robertronningnews.com

Robert Ronning - Crunchbase: https://www.crunchbase.com/person/robert-ronning

Robert Ronning - Facebook: https://www.facebook.com/robertronning1

Contact Info:
Name: RRN
Email: contact@robertronningnews.com
Organization: RobertRonningNews.com

Source URL: https://marketersmedia.com/robert-ronning-shares-excitement-over-letter-of-intent-from-victory-square-technologies/359884

For more information, please visit http://www.robertronningnews.com

Source: MarketersMedia

Release ID: 359884

Latest News

Follow the trek of Venezuelan migrants fleeing on foot

Oct 18, 2018

About 1.9 million Venezuelans have fled their collapsing nation since 2015 in one of the largest migrations in the world in recent years. The most desperate cannot afford a bus or plane ticket, and so they risk their lives to escape on foot. Every day, more than 650 migrants start on the walk out of Venezuela. They rush illegally across the border with Colombia, frequently encountering armed criminals. They walk for miles along roads, carrying their belongings. They wrap themselves in blankets, bracing against the cold of frigid mountains. For nine days, a team of Associated Press journalists followed a...

Asia shares sag after retreat on Wall St, weaker Japan data

Oct 18, 2018

BANGKOK — Shares fell Thursday in Asia after a retreat on Wall Street driven by sell-offs of technology shares, homebuilders and retailers. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade. KEEPING SCORE: Japan's Nikkei 225 index sank 0.7 percent to 22,687.66 and the Kospi in South Korea lost 0.7 percent to 2,151.55. Hong Kong's Hang Seng index edged 0.1 percent lower to 25,436.62 and the Shanghai Composite index tumbled 2 percent to 2,510.62. Australia's S&P ASX 200 shed 0.1 percent to 5,933.20. Shares fell in Southeast Asia and Taiwan. WALL STREET: U.S. shares...

Japan exports fall in September, first decline since 2016

Oct 18, 2018

TOKYO — Japan recorded a trade surplus for September of 139.6 billion yen ($1.2 billion), but exports fell 1.2 percent from the previous year in the first decline for the world's third largest economy since 2016. A series of natural disasters took a toll, but the lag in exports also reflects uncertainties over trade tensions after President Donald Trump imposed penalty tariffs on billions of dollars' worth of Chinese exports. Weaker U.S.-China trade generally hurts the export-dependent Japanese economy. Imports rose 7 percent, according to data released Thursday by the Ministry of Finance. During the month, a major earthquake hit...

Vietnam frees popular blogger on condition she leave for US

Oct 18, 2018

HANOI, Vietnam — Vietnam has freed a well-known blogger after two years in prison on the condition that she leave for the United States. Nguyen Ngoc Nhu Quynh, known as "Mother Mushroom," was arrested in October 2016 and sentenced to 10 years in prison on charges of defaming the Communist government. The conviction of the popular blogger, who wrote about human rights and industrial pollution, drew criticism from some Western governments and international human rights groups. Friends of the 39-year-old blogger said she was on her way to the U.S. with her mother and two young children. "After numerous efforts,...

The Latest: May says UK, EU need 'courage, trust' on Brexit

Oct 18, 2018

BRUSSELS — The Latest on Britain's upcoming exit from the European Union (all times local): 11:00 p.m. British Prime Minister Theresa May has told her 27 European Union counterparts that the U.K. and the EU both need to show "courage, trust and leadership" to settle their remaining differences and strike a divorce deal. May addressed fellow national leaders at a Brussels summit on Wednesday. She stressed the strong bonds between Britain and the bloc and the progress made by their negotiating teams before the other leaders left for dinner without her. According to her office, May stressed that she remains...

Search

Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]obserworld.com