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

Southwest 737 Max makes emergency landing in Orlando

Mar 26, 2019

ORLANDO, Fla. — A Southwest Airlines Boeing 737 Max made a safe emergency landing Tuesday in Orlando, Florida, after experiencing an engine problem, the Federal Aviation Administration said. The crew declared an emergency after taking off from Orlando International Airport around 2:50 p.m., and returned to the airport safely. No passengers were on board, and the aircraft was being ferried to Victorville, California, where Southwest is storing the airplanes. The 737 Max was grounded in the U.S. March 13 after a deadly crash involving a Max in Ethiopia on March 10. It was the second fatal crash involving the airplane....

Apples wins 1, loses 1 in battle over iPhone technology

Mar 26, 2019

SAN FRANCISCO — A mind-bending battle over some of the technology used in iPhones became even more muddled Tuesday when a federal trade agency handed separate victories to the embittered foes, Apple and Qualcomm. On Tuesday, the U.S. International Trade Commission issued two decisions within a few hours of each other. In one, Administrative Law Judge MaryJoan McNamara recommended blocking some iPhones from being imported into the U.S. after concluding Apple's best-selling device infringed on technology owned by mobile chip maker Qualcomm. Then the full commission weighed in another case brought by Qualcomm, and overturned a ruling issued last September...

Abortion flap could cost Kansas governor her commerce chief

Mar 26, 2019

TOPEKA, Kan. — Democratic Gov. Laura Kelly could be forced to replace Kansas' top business development official because of two small grants to a nonprofit group he previously managed from a fund tied to a late physician known nationally for doing late-term abortions. Acting state Commerce Secretary David Toland has no role in regulating abortion providers, but the state's most influential anti-abortion group has joined an effort by some Republican legislators to oust him. They are troubled by grants totaling less than $20,000 to a southeast Kansas economic development group from a memorial fund named for Dr. George Tiller. Tiller...

Judge dismisses some of Levine's claims against Met Opera

Mar 26, 2019

NEW YORK — A New York judge on Tuesday dismissed portions of a lawsuit filed by former Metropolitan Opera music director James Levine against the company last year. Levine was the Met's music or artistic director from 1976-2016, then became its music director emeritus. He was fired in March 2018 after the Met said an investigation found evidence of sexual abuse and harassment. Levine sued three days later, claiming breach of contract and defamation and seeking at least $5.8 million in damages. The Met moved last July to dismiss the defamation counts. New York Supreme Court Justice Andrea Masley on...

Democrats see opening in Trump's push to quash 'Obamacare'

Mar 26, 2019

WASHINGTON — President Donald Trump is calling on Republicans to revive the effort to quash the Affordable Care Act, handing Democrats an opportunity to unite in defense of the law as they try to move past the Russia investigation and win the White House in 2020. Trump's administration is asking a federal appeals court to strike down the entire health care law. The president vowed on Tuesday to make the GOP the "party of health care" and told Senate Republicans to lean into their own agenda on the issue as they head into next year's election. The moves could help...

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