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

More News From digitalpressnetwork.com

Beyonce! Hillary! Guests flood India for a very big wedding

Dec 12, 2018

NEW DELHI — In a season of big Indian weddings, the Wednesday marriage of the scions of two billionaire families might be the biggest of them all. The bride, Isha Ambani, is the Ivy League-educated daughter of industrialist Mukesh Ambani, thought to be India's richest man. Forbes estimates his net worth at over $43 billion. The groom, Anand Piramal, is the relative pauper. His father, industrialist Ajay Piramal, is thought to be worth $10 billion. The wedding is being held in Mumbai on Wednesday but festivities began weeks ago, starting in September with an engagement party at a lakeside Italian...

The Latest: UN Secretary-General returns to climate talks

Dec 12, 2018

KATOWICE, Poland — The Latest on the climate talks taking place in Poland (all times local): 10:25 a.m. U.N. Secretary General Antonio Guterres has flown back to Poland in an effort to support struggling talks on ways of fighting climate change. Guterres was expected to make a statement Wednesday during the U.N. climate summit in Katowice, southern Poland, where negotiators from almost 200 countries are trying to work out an agreement this week on ways of keeping global warming in check. The talks hit a hurdle Saturday when the United States and three other countries blocked endorsement of a landmark...

Pelosi gives Trump an earful, questions 'manhood' in private

Dec 12, 2018

WASHINGTON — In public, Nancy Pelosi lectured Donald Trump on the Constitution and wagged a finger at him for characterizing her "strength." In private, she questioned his "manhood" — and her disdain for him became public, again, anyway. "It's like a manhood thing for him. As if manhood could ever be associated with him. This wall thing," Pelosi privately told House Democrats after a combative, on-camera Oval Office meeting with Trump, Vice President Mike Pence and Senate Democratic leader Chuck Schumer. The account was described on condition of anonymity by an aide who was in the room but not authorized...

UK disarray: May to face no-confidence vote by lawmakers

Dec 12, 2018

LONDON — British politics was thrown into chaos and Brexit into doubt Wednesday as Conservative lawmakers triggered a no-confidence vote in Prime Minister Theresa May that will see her removed as party and government leader if she loses. May vowed to fight the challenge "with everything I've got," after Graham Brady, who heads a committee overseeing Conservative leadership contests, said he had received letters from at least 48 lawmakers asking for a vote. As a result, he said, "the threshold of 15 percent of the parliamentary party seeking a vote of confidence in the leader of the Conservative Party has...

Hopes for US-China trade talks help push world shares higher

Dec 12, 2018

TOKYO — Global shares rose Wednesday amid hopes for progress in U.S.-China trade talks. KEEPING SCORE: France's CAC 40 edged up 0.9 percent to 4,849.45 in early trading, while Germany's DAX added 0.7 percent to 10,850.39. Britain's FTSE 100 was up 0.5 percent to 6,837.35. U.S. shares were set to drift higher with Dow futures rising 0.4 percent to 24,528. S&P 500 futures rose 0.4 percent to 2,650.90. ASIA'S DAY: Japan's benchmark Nikkei 225 jumped 2.2 percent to finish at 21,602.75. Australia's S&P/ASX 200 edged up 1.4 percent to 5,653.50. South Korea's Kospi was up 1.4 percent at 2,082.57. Hong...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH