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Clean Power Capital Announces Appointment of Leading Clean Energy Entrepreneur Greg Nuttall to the PowerTap Advisory Board | Markets Insider

VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — Clean Power Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC: MOTNF) (“Clean Power” or the……

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VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — Clean Power Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC: MOTNF) (“Clean Power” or the “Company” or “MOVE”). The Company is pleased to appoint Mr. Greg Nuttall to the advisory board of PowerTap Hydrogen Fueling Corp. (“PowerTap”), its 90 percent owned subsidiary.

Mr. Nuttall is one of the founding CEO’s of the world’s first waste-to-fuel company. As CEO of Toronto-based Woodland Biofuels (www.woodlandbiofuels.com) (“Woodland”), Mr. Nuttall has taken Woodland’s ground breaking automotive fuel technology from drawing board to proven production. Along the way he has forged relationships around the globe with governments, key financial players, oil and gas companies, engineering & construction firms, and feedstock providers. Woodland has raised significant institutional capital from USA and Canadian cleantech funds, strategic investors, and Canadian governments.

Prior to becoming CEO of Woodland, Mr. Nuttall was a partner at Rubicon Investment Group, a merchant bank focused on accelerating the growth of the companies it acquires and invests in. Before this Mr. Nuttall was co-founder and CEO of a leading management consulting firm that helps large and mid-sized organizations in Canada and the United States. At the outset of his career Mr. Nuttall was an M&A and corporate finance lawyer. As a lawyer he practiced at Clifford Chance, one of the world’s largest law firms, where he was based in London, and at Torys, a leading corporate law firm based in Toronto. Mr. Nuttall earned his Master of International Laws degree at Cambridge University and is a Pegasus Scholar.

“I’m excited to work with PowerTap Hydrogen Fueling Corp. as they roll out hydrogen fueling stations using their leading PowerTap fueling technology. Hydrogen has immense potential as a transport fuel. Most important, renewable hydrogen reduces GHG emissions substantially compared to gasoline. One of the main obstacles to hydrogen’s adoption has always been the lack of fueling infrastructure to deliver it to end users – this has created a huge opportunity for PowerTap‘s technology,” Mr. Nuttall said. He continued, “I look forward to helping PowerTap capitalize on this opportunity – to start, by helping to develop key strategic partnerships in North America and around the world.”

Director Resignation

Clean Power also announces that Mr. Joe Perino has resigned from the board of directors of the Company, effective immediately. The Company would like to thank Mr. Perino for his contributions to the Company and wishes him well with his current projects.

About PowerTap

The Company acquired a 90 percent interest in PowerTap on October 27, 2020 (see the Company’s news release on October 28, 2020). PowerTap is leading the charge to build out cost-effective hydrogen fueling infrastructure through its environmentally friendly intellectual property, product design for the modularized and lowest tier production cost of hydrogen, and launch plan. PowerTap technology-based hydrogen fueling stations are located in private enterprises and public stations (near LAX airport) in California, Texas, Massachusetts, and Maryland. Additional information about PowerTap may be found at its website at https://www.powertapfuels.com

Clean Power is an investment company, that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in our investments. A copy of Clean Power’s amended and restated investment policy may be found under the Company’s profile at www.sedar.com.

ON BEHALF OF THE CLEAN POWER CAPITAL CORP. BOARD OF DIRECTORS

“Joel Dumaresq”

Joel Dumaresq CEO
+1 (604) 687-2038
[email protected]

THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

Notice Regarding Forward Looking Information:

This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Clean Power. Some assumptions include, without limitation, the development of hydrogen powered vehicles by vehicle makers, the adoption of hydrogen powered vehicles by the market, legislation and regulations favoring the use of hydrogen as an alternative energy source, the Company’s ability to build out its planned hydrogen fueling station network, and the Company’s ability to raise sufficient funds to fund its business plan. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur or be achieved. This press release contains forward-looking statements pertaining to, among other things, the timing and ability of the Company to complete any potential investments or acquisitions, if at all, and the timing thereof. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release.

Although the Company believes that the material factors, expectations and assumptions expressed in such forward- looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

Source: https://markets.businessinsider.com/news/stocks/clean-power-capital-announces-appointment-of-leading-clean-energy-entrepreneur-greg-nuttall-to-the-powertap-advisory-board-1029827823

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Fintel Connect Introduces Fintel Check, an AI-Powered Content Marketing Compliance Tool

VANCOUVER, B.C., April 6, 2021 /PRNewswire/ — Performance marketing technology company Fintel Connect announced the launch of its latest offering…

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VANCOUVER, B.C., April 6, 2021 /PRNewswire/ — Performance marketing technology company Fintel Connect announced the launch of its latest offering for the financial services industry, Fintel Check, a regtech tool to help financial brands keep their content marketing compliant. More than 50+ financial brands and fintechs are already leveraging Fintel Connect’s technology to enhance their marketing through its performance marketing network and tracking and reporting capabilities. Fintel Check represents the latest in a product suite designed to ensure financial institutions and their partners can meet emerging regulatory requirements in their marketing.

Fintel Check is designed specifically for banks, financial institutions and fintechs to monitor their product and brand content and ensure that critical information like interest rates, terms and conditions, and more are accurately represented in marketing campaigns.

The financial services space is highly regulated, with brands required to abide by strict laws and policies that govern advertising and consumer protection. According to Deloitte’s survey on regulatory and compliance trends in 2021, 91% of responding financial institutions expect to increase their use of automation and analytics to address regulatory compliance issues. Recognizing the steep challenge to continuously manage this across all marketing partners and digital channels, the team at Fintel Connect developed its monitoring tool to give marketers a way to more easily manage campaigns over time and scale their marketing efforts safely.

“Financial institutions are looking to scale their digital growth, and a key friction point to achieving this is marketing compliance,” explains Nicky Senyard, CEO and Founder of Fintel Connect. “Fintel Check gives our partners the efficiency and transparency with their marketing efforts and content management in a way that cannot be achieved in-house. We take the friction points and heavy-lifting out of scaling digital partnerships.”

Fintel Check uses AI and proprietary machine-learning algorithms to monitor, identify and report a brand’s mentions from publisher partners. Built-in reports provide complete transparency on coverage, as well as automatic screenshots that are stored in the company’s secure database and can be retrieved for auditing purposes.

The tool follows the launch of the company’s performance marketing platform Fintel Performance, released in January 2020. Through Fintel Performance, brands are provided a scalable, cost-effective channel for digital customer acquisition. Fintel Check augments this channel by integrating a layer of safety and content monitoring checks.

Plans are in place for the product’s next release in Q3 2021, which include added features such as custom compliance rules, expanded scanning capabilities, and more.

Banks, financial institutions, and fintechs that are interested can visit the website to learn more about Fintel Check or schedule a demo.

About Fintel Connect
Fintel Connect is a leading performance marketing company dedicated to serving the financial services and fintech space. Based in Vancouver, Canada, the team at Fintel Connect support a wide range of tier one banks, community banks and financial technology companies through its extensive network of publishers and fully scalable tracking and reporting technology.

If you’re:

Press and would like to connect, please contact Gilian Ortillan at 604.783.1724 or [email protected]
A merchant and would like to know more, visit https://fintelconnect.com/merchants.
A publisher that would like to join our network, visit https://fintelconnect.com/publishers.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fintel-connect-introduces-fintel-check-an-ai-powered-content-marketing-compliance-tool-301262922.html

SOURCE Fintel Connect

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

The tool follows the launch of the company’s performance marketing platform Fintel Performance, released in January 2020. Through Fintel Performance, brands are provided a scalable, cost-effective channel for digital customer acquisition. Fintel Check augments this channel by integrating a layer of safety and content monitoring checks.

Source: https://markets.businessinsider.com/news/stocks/fintel-connect-introduces-fintel-check-an-ai-powered-content-marketing-compliance-tool-1030277042

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Grayscale confirms it will convert its popular bitcoin trust into a ETF

Bitcoin's meteoric rise has boosted crypto hedge funds Dado Ruvic/Reuters Grayscale confirmed its intent to convert its flagship bitcoin t…

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2021 03 23T153223Z_1_LYNXMPEH2M171_RTROPTP_4_FIDELITY CRYPTOCURRENCY.JPGBitcoin’s meteoric rise has boosted crypto hedge funds

Dado Ruvic/Reuters

  • Grayscale confirmed its intent to convert its flagship bitcoin trust into an ETF.
  • In a blog post Grayscale said it always intended for the trust to become an ETF when permissible.
  • The announcement should relieve recent selling pressure GBTC shares, Fundstrat said.
  • See more stories on Insider’s business page.

Grayscale Investments said in a blog post Monday it’s “100% committed” to converting its flagship Grayscale Bitcoin Trust into an exchange traded fund.

The world’s largest digital asset manager confirmed its intent to re-apply with the US SEC to offer an ETF after previous failed attempts to win approval.

“First and foremost we wish to make clear: we are 100% committed to converting GBTC into an ETF,” Grayscale said.

The Grayscale Bitcoin Trust was launched in 2013 and has been the go-to option for investors who want to add bitcoin exposure to their portfolio without directly buying the digital asset.

In the blog post, the investment company said that it always intended for its fund to become an exchange-traded fund when permissible. Grayscale first submitted an application for a bitcoin ETF in 2016 but ultimately withdrew iy because it determined the regulatory environment wouldn’t allow for a bitcoin ETF.

Now, several firms including Fidelity, NYDIG, and VanEck have applied for bitcoin ETFs in the US in the hopes that 2021 will finally be the year the SEC approves one.

“While several firms have submitted Bitcoin ETF applications in the form of an S-1 or 19b-4 to the SEC, we are confident in our current positioning and engagement with the SEC,” Grayscale said. “Today, we remain committed to converting GBTC into an ETF although the timing will be driven by the regulatory environment.”

Grayscale also said that the management fee of the GBTC fund will be “reduced accordingly” when the trust is converted to an ETF.

According to Fundstrat‘s lead digital asset strategist David Grider, the plan to convert the fund should relieve recent selling pressure on GBTC shares and will re-energize demand from bitcoin investors who are willing to contribute to the GBTC trust again.

“We think this is a very positive move for Grayscale to maintain its position as a leader as the largest listed Bitcoin product and this announcement should help close the negative premium gap,” Grider said in an email.

  • See more stories on Insider’s business page.
  • Source: https://markets.businessinsider.com/news/stocks/grayscale-bitcoin-trust-etf-exchange-traded-fund-confirm-btc-price-2021-4-1030274395

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    Square’s Cash App is hiring for a slew of positions hinting at plans to attract more merchants and compete directly with payment networks like Mastercard and Visa

    Jack Dorsey, CEO of Square. Burhaan Kinu/Hindustan Times via Getty Images Cash App wants to be 'the most sought-after payments network in …

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    Jack DorseyJack Dorsey, CEO of Square.

    Burhaan Kinu/Hindustan Times via Getty Images

    • Cash App wants to be ‘the most sought-after payments network in the US,’ according to recent job postings.
    • It’s hiring for roles to build out new payments flows, which could cut out networks like Mastercard and Visa.
    • Cash App Business is already growing fast, accounting for 8% of Square’s total volumes as of Q4 2020.
    • See more stories on Insider’s business page.

    For Square, 2020 was, in many ways, the year of Cash App.

    The payment giant’s personal finance offering saw 440% growth last year. And while a large portion of that was a result of the resurgence of cryptocurrency, Cash App’s non-Bitcoin related revenue still grew by 137% year-over-year in 2020.

    Meanwhile, on the seller side of Square, where it’s known for its white cash registers and card readers popular at coffee shops, revenue grew just 2% year-over-year.

    Now, Square is looking to build on the momentum of the past year as it hires for a slew of positions at Cash App focused on turning the app into much more than just a peer-to-peer Venmo rival.

    Of the more than 500 job postings on Square’s website, nearly 100 are for Cash App. And while many are engineering and product roles for existing offerings, a few are focused on new Cash App tools and features that indicate ambitious plans Square has for the growing app.

    Cash App is building “the fastest, most reliable, and easiest to use payment network,” according to the job postings. And in some use cases, that could position it to compete directly with traditional payments networks like Mastercard and Visa.

    Part of the strategy includes a push to get more merchants using Cash App Business, where consumers pay businesses via Cash App’s peer-to-peer network. That means Square doesn’t have to pay fees to payments networks for credit and debit-card transactions.

    “It’s not only the opportunity to merge the seller and the Cash App ecosystems and potentially dramatically increase margins on those transactions,” Maximilian Friedrich, an analyst at ARK Invest, told Insider. Square would likely earn the majority, if not all, of transaction revenue in cases where money is moving within the Square and Cash App ecosystems, Friedrich added.

    “It’s also opening up the Cash App platform, which has 36 million users, to merchants more broadly,” Friedrich said. “Those, for us, are very interesting value propositions.”

    Cash App is hiring to build the ‘most sought-after payments network in the US’

    Cash App, launched in 2013, is led by Brian Grassadonia, a 10-year Square veteran who joined the company as its first product manager in 2010. The app started as a way for users to send and receive money, but has since evolved to include banking and trading features.

    It has over 36 million monthly active users as of December, up 50% from the end of 2019. Square says that its average customer acquisition for Cash App is less $5 per user. It’s growth is largely driven by the network effects of its P2P offering.

    In 2021, it plans to increase marketing spend in an effort to re-engage the 80 million consumers that have used Cash App in the past, but aren’t currently active, CFO Amrita Ahuja said during Square’s fourth quarter earnings call.

    But Cash App isn’t just focused on consumers. It’s starting to lure businesses, too.

    The payments giant is looking to turn Cash App into its own payments network that expands beyond P2P to include merchants, based on recent job postings. Offering Cash App as a payment method with merchants would put Square in direct competition with card networks like Amex, Mastercard, and Visa, as well as other payments players like PayPal.

    For one, Square is searching for someone to lead network business development and sales for Cash App. They’ll be tasked with turning Cash App into “the most sought-after payment network in the US,” according to the job description. This person will work with Cash App’s network team. Square declined to provide more details on the job postings.

    Square is also hiring several senior software engineers focused on “new product” within the Cash App network product team, which is “all about finding new ways to pay and get paid,” according to the job descriptions.

    The team, which is relatively new, is led by Austin Broyles, who worked at Square as a staff engineer from 2011 to 2013. He returned to the company in October 2020 as an engineer for Cash App, according to his LinkedIn profile.

    Cash App for businesses is growing quickly

    Square’s push to lure merchants on to Cash App Business is part of the company’s strategy to create a so-called closed-loop payments network.

    Through Cash App Business, Square is able to cut out intermediaries, moving money internally between Cash App consumer and business accounts via its existing peer-to-peer framework.

    Payments between consumers and sellers all occuring within the Cash App ecosystem mean Square stands to earn more on each purchase, as opposed to giving up fees to credit and debit-card processors like Visa and Mastercard.

    Square monetizes Cash App Business transactions at 2.75%, Ahuja said during Square’s third quarter earnings call last year. And while profit margins on Cash App Business transactions haven’t been disclosed, the closed-loop nature of the payments could mean Square’s earning more than the overall 1.23% transaction-based profit margins Square reported for 2020.

    “From our understanding, those transactions should be very profitable for Square,” Friedrich said.

    For Square, by cutting out credit and debit cards, the entire transaction happens inside the Cash App ecosystem, meaning it earns more on each transaction.

    “That’s a very different picture to the rest of Square’s business,” he added in regards to how Square normally facilitates purchases made with debit and credit cards by giving up a slice of revenue to those card processors.

    And Cash App Business is growing fast. Total volumes grew 216% year-over-year in 2020, accounting for 8% of Square’s total volumes as of the fourth quarter last year (up from 3% at the end of 2019).

    Cash App Business’ transaction-based revenues were up 221% year-over-year at $234 million in 2020, accounting for about 17% of Cash App’s non-Bitcoin-related revenue, according to its fourth quarter earnings report.

    The value proposition to merchants is simple: With 36 million active users and marketing tools like rewards platform Boost, Cash App could help sellers win more sales, Friedrich, said.

    To be sure, Visa and Mastercard still maintain massive market share as two of the largest payment networks in the world. In the US alone, the two companies processed 87% of the more than $6.75 trillion in credit and debit-card transactions in 2020, according to Nilson.

    To be sure, Square is still focused on its bread-and-butter seller ecosystem. It’s also hiring a senior software engineer focused on new products for Square Capital, its business lending offering. The hire will be focused on building a new set of financial offerings for sellers, according to the job posting.

    It’s a new team that’s building an “unreleased product that is expected to ship in Q2 2021,” the job posting says. “This new product will redefine the future of financial services for small businesses on Square.”

    Cash App is also hiring for its own commerce offering

    Last December, Cash App released a line of branded merch, like sweatshirts and hoodies, offered at a discount if consumers paid with Cash App. The rollout was something of a beta test for a closed-loop retail network, whereby Cash App users shop and pay all within the app.

    Now, it’s hiring engineers focused on building a commerce experience.

    “The Commerce team is building new retail payment experiences on Cash App that leverage our vast omni-channel Seller ecosystem at Square,” the job postings say.

    Cash App’s checkout is powered by an OAuth 2.0-based API, an industry standard in authorizing purchases and a function usually owned by card networks and banks. By using this API, Cash App is looking to “empower the consumer in what is traditionally a merchant and bank-controlled world,” according to the job descriptions.

    Cash App’s merch line is linked in the job description as a demo of what the commerce team is building.

    Got a tip? Contact this reporter via email at [email protected], Signal (801-824-5318), or direct message on Twitter @shannen_balogh.

  • Cash App Business is already growing fast, accounting for 8% of Square’s total volumes as of Q4 2020.
  • Source: https://markets.businessinsider.com/news/stocks/square-cash-app-hiring-build-own-payments-network-visa-mastercard-2021-4-1030272257

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