Robert Ronning Congratulates Victory Square Technologies on Acquisition of PayVida

Ronning is rapidly preparing PayVida to become a publicly traded entity.

Vancouver, British Columbia - May 16, 2018 /MarketersMedia/ —

Co-founder of PayVida Solutions Robert Ronning has announced that the blockchain company Victory Square Technologies has agreed to acquire one-third of PayVida in the company’s push go to public later this year. Later that day, Victory Square released the details of the definitive agreement, explaining that they would acquire 31.5% of all issued and outstanding shares of the innovative payment processing company for 1.9 million Canadian dollars (CAD) in total consideration.

“We had multiple offers, a lot of people who wanted to lead the private placement,” said Robert Ronning, who is rapidly preparing PayVida to become a publicly traded entity. “For the last few years, the Victory Square team has guided our progress and Shafin Diamond, as CEO, has always been gracious with his counsel and advice over that time. We are truly honored and humbled to have this chance to deepen our relationship with all the excellent thought leaders at Victory Square.” The support of the Vancouver-based venture fund will be crucial as PayVida begins to launch its global payment facilitator platform, which will enable merchants and their staff to receive same day funding of daily credit and debit card transactions, tips and related payouts.

Conversely, the payment processing innovator was appealing to Victory Square given its role as a disruptor and its dedication to promoting the highest standards in ethics and technology throughout the industry worldwide. “PayVida provides solutions that challenge the existing technologies that most banks and payment processing providers offer,” said Victory Square Chief Executive Officer Shafin Diamond Tejani. “They have established themselves by offering less expensive pricing and same day funding times that merchants have never experiences with today’s leading FinTech giants.” Tejani continued to explain that his company is continuously looking to invest in leading technology companies in a number of different verticals and provide them with the tools necessary to accelerate their growth. Victory Square will provide PayVida with expertise in a number of functional areas including product enhancements, sales strategy, go to market and customer retention. As the Canadian payment processing company begins to make a global impact, the guidance will be essential to maintaining PayVida’s keen sense of ethics and industry leading price transparency on a worldwide scale.

Robert Ronning is an expert in financial technologies and the co-founder of innovative payment processing provider PayVida Solutions. Before founding PayVida in January 2013, Ronning spent more than a decade as a business development professional and senior account executive, where he established a comprehensive knowledge of the payment processing industry, advancements in financial technologies, and the challenges that merchants regularly face when dealing with FinTech giants. PayVida is the result of Ronning’s commitment to developing existing multi-channel payment technologies and services into next generation mechanisms while simultaneously closing the ethics gap that plagues the payment industry.

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-congratulates-victory-square-technologies-on-acquisition-of-payvida/346119

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

Source: MarketersMedia

Release ID: 346119

Latest News

The Latest: UN expert: Government abductions are new worry

Oct 19, 2018

The Latest on the disappearance of Saudi writer Jamal Khashoggi, a Washington Post columnist who went missing after entering the Saudi Consulate in Istanbul earlier this month (all times Eastern Daylight Time): 9:15 p.m. A U.N. expert says the world is witnessing "a new and very worrisome practice" of governments abducting people in foreign countries using undercover operations, citing the case of missing Saudi journalist Jamal Khashoggi. Bernard Duhaime, chair of the U.N. Working Group on Enforced Disappearances, told the U.N. General Assembly on Thursday that "these abductions occur with or without the acquiescence of the host state." While in...

Pressure turns to Mexico as migrant caravan heads for border

Oct 19, 2018

GUATEMALA CITY — As some 3,000 Hondurans made their way through Guatemala, attention turned to Mexico, after U.S. President Donald Trump threatened Thursday to close the U.S.-Mexico border if authorities there fail to stop them — a nearly unthinkable move that would disrupt hundreds of thousands of legal freight, vehicle and pedestrian crossings each day. With less than three weeks before the Nov. 6 midterm elections, Trump seized on the migrant caravan to make border security a political issue and energize his Republican base. "I must, in the strongest of terms, ask Mexico to stop this onslaught — and if...

NTSB hasn't fully examined limo in NY crash that killed 20

Oct 19, 2018

WASHINGTON — Federal safety investigators have been unable to conduct a full examination of the limousine involved in a crash that killed 20 people nearly two weeks ago in upstate New York because of a criminal case against the limo company's operator. While the National Transportation Safety Board says it is working cooperatively with local officials, people familiar with the matter told The Associated Press on Thursday that investigators have expressed frustration over their inability to fully examine the limousine. They spoke to The Associated Press on condition of anonymity in order to discuss sensitive conversations. The limo remains in...

Mexico prosecutors find fraud in Venezuela food aid program

Oct 19, 2018

MEXICO CITY — Prosecutors said Thursday that people linked to the Venezuelan government and Mexican companies conspired to overcharge Venezuela for basic food aid packages. Known as "CLAP" packages, the food is supposedly subsidized by Venezuela's socialist administration to provide a bare level of subsistence to many families facing hunger amid the country's hyperinflation and economic breakdown. But Mexican prosecutors said an investigation found that the Venezuelan officials and Mexican businessmen bought poor quality items in bulk and exported them to Venezuela at more than double their real price. Mexico's top organized crime prosecutor, Israel Lira, said the suspects have...

Evacuation lifted after California gas pipeline scare

Oct 19, 2018

SAN FRANCISCO — Emergency crews extinguished a fire burning dangerously close to a Chevron underground natural gas pipeline Thursday and lifted an evacuation order that had forced some 4,000 residents from their homes the night before. Contra Costa County Deputy Fire Chief Lewis Broschard told reporters that all evacuation orders were lifted as of 2:30 p.m. Thursday, about 15 hours after some 1,400 homes were evacuated near the city of Bay Point. Broschard said officials decided quickly to issue evacuations "so we could get people out of harm's way if there were to be a big explosion." At a news...

Search

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com