Charlene Cieslik, Advisor, AML and Compliance
July 9th, 2018
Charlene Cieslik is the Chief Anti Money Laundering Officer of Coinsquare, Canada's most secure digi[...]
Shaquille O’Neal Joins Steady; Company Raises $9 Million in Series A Round of Funding from Leading Fintech Investors
Digital Journal PR | Aug 7, 2018
ATLANTA--(Business Wire)--Steady, the income-building platform for the Build-Your-Own (BYO) workforce is already serving 100,000 Americans since it launched last week. The company, which today delivers personalized income-building opportunities, an income tracker, and exclusive relevant discounts, has raised $9 million in Series A financing round led by Propel Venture Partners, with significant participation from Omidyar Network, the impact investing firm established by Pierre Omidyar, the founder of eBay. The funds raised in this round will be used to rapidly scale and extend product features. Other investors include 25Madison, Clocktower Ventures, and Commerce Ventures. Shaquille O’Neal has joined the team as an Advisor and Advocate for the BYO workforce.
“The traditional 9-5 career path doesn’t work for everyone, and we’re seeing more and more people set out to make their own way. Steady sees and serves this group, giving them the tools to discover new job opportunities, and the resources to earn more money and take control,” said Shaquille O’Neal. “Helping hardworking folks do and get more is an important mission and I’m excited to be part of it.”
Work is changing. Full-time jobs are giving way to more flexible arrangements—shift work, part-time contracts, gigs, and an endless combination of these—that create income uncertainty; retirement resources aren’t cutting it for millions of Americans; and the resulting income mix throws people’s relationship to banks and financial products out of balance. Enter Steady.
See: A U.S. Perspective: Can Canadian Alternative Finance Contend?
“In today’s America, the single, upward career path is a false notion for too many people. A long-term, consistent, path of ascension just isn’t attainable in most industries. People need to create their own,” said Steady co-founder and lead seed round investor Michael Loeb, from Loeb Enterprises.
“Steady is uniquely built to address a financial health crisis that’s hitting epidemic proportions.”
Steady starts by helping BYO workers easily find and apply to income-building opportunities that match their availability, abilities, and interests. Whether augmenting retirement savings, working around childcare responsibilities, leveraging gig opportunities, or supplementing insufficient income from a primary employer, Steady helps people earn more.
“Today’s workforce faces wage stagnation, underemployment and an increasing cost of living. All this leads to people just not making enough money to live the American Dream, and instead they’re caught in a very vulnerable place,” said Ryan Gilbert, Partner at Propel Venture Partners.
“We’re excited to back Steady in delivering much needed solutions aimed at the root problem—insufficient earnings. If people are to thrive in today’s changing world, a solution like Steady is imperative.” Gilbert and Propel Venture Partners Vice President David Mort will be joining Steady’s Board of Directors.
See: Why Blockchain Is The Future Of The Sharing Economy
The new BYO workforce will be able to rely on Steady to:
- Build income: Discover and apply for extra income opportunities and shifts from large employers, small, and medium businesses and the hottest startups (including the top 40 gig economy players)—filtered by location, interests, availability, and goals, in addition to helping define their overall portfolio of work.
- Build networks: Monitor relevant community activity, learn from peers, uncover new opportunities, and create connections that help maximize earning potential.
- Build buying power: Access a marketplace of exclusive benefits—from essentials such as prescriptions and groceries, and discounts on major expenses such as auto care and telecom.
Continue to the full article --> here
The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, STO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: ncfacanada.org
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Blockchain is here – so what next? The Blockchain Developer Opportunity If you are a software engineer interested in emerging high growth project opportunities, you’ll want to ensure your technical skills are polished and you have access to proper training and resources. There is a significant shortage of skilled Blockchain developers unable to meet the demand of emerging projects! NCFA is pleased to announce an inaugural educational partnership with the Blockchain Learning Group offering a special introductory rate to attend an immersive, 2-day Blockchain developer training course on decentralized application development to help fill the gap of skilled engineers while connecting graduates to project opportunities. According to a recent 2018 PwC survey, 84% of 600 executive responders confirmed some involvement with Blockchain technology from proof of concepts to well capitalized international scale-ups and incumbents looking to modernize legacy systems. Distributed and immutable ledger applications are evolving rapidly with uses cases that improve trust and transparency for many business processes while distributing transactions to a decentralized network in a way that reduces costs and eliminates intermediaries. While crypto markets have exceeded $200 billion in just the last 2 years alone, the underlying technology is forecasted to disrupt almost every vertical with ...
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Incipient Industries | Steven Dryall | Sep 19, 2018 Incipient Industries Releases Whitepaper Describing How Cryptocommodities Are Created and Used As The Basis For A Stable Cryptocurrency Toronto, ON, Canada, September 17, 2018 - Incipient Industries Inc. announces the release of the definitive whitepaper on the subject of cryptocommodities. Following years of development combined with the dissemination of information related to cryptocurrency viability and asset- based cryptocurrencies, an actual description of how to deploy a cryptocommodity is now available. This is a first in the burgeoning cryptocurrency industry and represents a significant step towards a stabilized digital economy. The cryptocurrency industry is still developing and discovering ways to integrate with traditional financial systems or to replace them altogether. The introduction of cryptocoomodities into the cryptosphere creates a new category of opportunities for pioneers in the space. For those seeking a solution to a stable cryptocurrency, this is the best path to success. See: 3 Clever Ways To Reach Crypto Price Stability, And One Giant Leap Of Faith “This is a perfect use case for cryptocurrency and also follows the Three Pillars of a Viable Cryptocurrency framework.” says Steven Dryall, CEO of Incipient Industries, who has pioneered several key concepts of ...
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Bloomberg | Joshua Brustein | Sep 4, 2018 With fewer than 100 residents, Ocean Falls is looking for a revival after almost four decades of industrial false starts. In 1971, an 11th grader named Greg Strebel wrote the introduction to a book about Ocean Falls, the tiny town in the British Columbian hinterlands where he lived. Strebel mentioned the odd fact that many of the town’s roads were made of wood, said the weather wasn’t as bad as some people made it out to be and noted that it had just gotten a new school building. But the one thing that mattered above all, according to Strebel, was the paper mill. “To most, 'the mill’ imparts a sense of security by its presence,” he wrote. “A low throb of power is audible throughout most of the town as long as the mill runs, accompanied by voluminous exhalations of steam.” The security provided by the mill turned out to be fleeting. It went silent when Strebel was in his 20s. Most of the buildings in Ocean Falls that haven’t been demolished over the decades are crumbling in place, and Strebel, along with most everyone who once lived there, is long gone. A ...
Read More
Australian Financial Review | Michael Bailey | Sep 12, 2018 Businesses wishing to raise money from retail investors will no longer have to convert to an unlisted public company structure, after an amendment to 2017's equity crowdfunding legislation passed federal Parliament. The legislation, which takes effect in 28 days from Wednesday, allows proprietary companies or unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on ASIC-licensed crowdfunding portals, and raise up to $5 million a year to carry them out. Investors can put up to $10,000 a year each into an unlimited number of ideas. Australian private companies are typically limited to a maximum of 50 non-employee shareholders. However, under these reforms, investors acquiring shares through a crowdfunding portal are excluded from this cap, allowing private companies to raise funds from potentially hundreds or thousands of investors. See: Australia and UK set up FinTech Bridge to deepen collaboration between governments, regulators, and industry bodies Proprietary companies with crowdfunded shareholders will have to prepare annual financial and directors' reports in accordance with accounting standards. Only large proprietary companies, defined as those with any two of either $25 million turnover or above, $12.5 million of gross ...
Read More
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Read More
Forbes | Michael del Castillo | Sep 17, 2018 People keep asking me, what’s the deal with stablecoins? With two prominent regulatory approvals to issue the blockchain-based tokens, many have heralded them as the next evolution of cryptocurrency, while others say they’re perfect evidence of why no one ever needed cryptocurrency in the first place. On a basic level, a stablecoin is a token that has a mechanism in place to minimize its price fluctuations. Unlike traditional cryptocurrencies such as bitcoin and ether, which are directly tied to their wildly fluctuating demand, a stablecoin can rely on four methods to constrain its fluctuations. See: One SEC commissioner is establishing herself as the voice of innovation for the crypto market The first and by far most popular way to achieve this stability is to peg the price of the token to a more stable asset like the U.S. dollar. This is what both the Gemini and Paxos cryptocurrency exchanges received permission to do from the New York Department of Financial Services last week. Unlike bitcoin and ethereum, which are created through a mining process that also ensures the blockchain’s accuracy, these stablecoins are only created when someone buys them with U.S. dollars. Gemini and Paxos ...
Read More
NCFA Canada | Sep 14, 2018 Ep9-Sep 14: Curexe's New SmartPay Product & Front-line of Global Digital Payments About this episode: On this episode our host Manseeb Khan sits down with the CEO And founder of Curexe, so chat about their new product called SmartPay! They also talked about how A.I is going to touch the payments and every other industry, regulations that could be in place when accepting crypto and many more. Enjoy! Host: Manseeb Khan, NCFA, Fintech Fridays show host Guest: Johnathan Holland, Founder and CEO, Curexe Bio: Johnathan Holland's experience comes from a decade of learning about capital markets and a relentless pursuit of providing better customer experiences in the payments and currency exchange industry. Johnathan’s advantage has been to look at the currency exchange industry in a new light, which enabled him to create a new, better way to empower the businesses that are underserved by their current solutions. Johnathan graduated from the 2016 cohort of the Next 36 accelerator program that helps young entrepreneurs build high impact businesses and is currently running the company out of the DMZ. LinkedIn profile Join NCFA's weekly Podcast series 'FINTECH FRIDAY$' where we sit down with the incredible people ...
Read More
Bloomberg | By Natalie Wong and Gerrit De Vynck | June 20, 2018 A cryptocurrency baron has bought the largest and one of the most expensive condos in Canada, paying for it partly with digital money. Anthony Di Iorio purchased the three-story penthouse for C$28 million ($21 million) at the St. Regis Residences Toronto, the former Trump International Hotel & Tower in the downtown business district. The unit totals 16,178 square feet (1,502 square meters) and includes a wrap-around patio overlooking the city’s skyline at the corner of Bay and Adelaide Streets. Di Iorio didn’t take out a mortgage for the property because he doesn’t “like being in debt.” Instead, he cashed out some of his cryptocurrency and made a wire transfer to pay the price. “I don’t remember exactly which ones I cashed in but this is my safety net, real estate right?” he said in an interview with Bloomberg at his new condo. He now owns two condos units in Toronto for a total investment of about C$34 million, he said. “I decided to take a bunch out and put it in real estate.” The hotel is owned by InnVest Hotels LP and operated by Marriott International Inc. as ...
Read More
Computer Weekly | Karl Flinders | Sep 13, 2018 A Tech Nation programme to support the UK's financial technology startups demonstrates the increasingly diverse range of business-to-business products and services available through the country's fintech community Financial technology (fintech) is providing a market where IT professionals in the finance sector and beyond can find answers to their business challenges through specialist tech startups. UK-based CIOs have the benefit of having these fintech startups on their doorstep. UK government-backed startup network Tech Nation has selected 20 such fintech startups to take part in a five-month programme that aims to scale up early-stage companies. The programme’s business-to-business (B2B) focus demonstrates that beyond the high-profile digital challenger banks and payments companies targeting consumers with funky apps, there is a deep source of niche financial services IT innovation in the UK. Fintech solutions begin life as an idea about how to use technology to solve a particular financial services problem. The speed of software development today means products can quickly follow. See: UK Government Ups Crowdfunding without Prospectus to €8 Million – Matching Germany But the challenges really begin when it comes to turning a great idea into a commercial success. This is where the likes ...
Read More
Forbes | Enrique Dans | Sep 5, 2018 The growing popularity of fintech and the emergence of competitors in different phases of the cycle, from new banks such as Germany’s N26 to partial service providers such as Revolut and others, or niche competitors such as Shine, highlights not just the inability of traditional banking to compete with them, but even to understand the most basic implications of the phenomenon. The banks’ problem is not competing with these types of companies, or at least, not for now. We talking here about vastly different magnitudes, of scale: a service with strong growth like Revolut, for example, expects to reach three million customers by next month, which is nothing to Santander’s more than 113 million customers in more than ten countries worldwide. The idea that fintech companies represent some kind of threat seems absurd, seen in the context of size. Obviously, this does not mean that the traditional banks should ignore the phenomenon — and they aren’t. Ignoring change and hoping that size will continue to matter is risky. The big banks are aware that the growth of the fintech phenomenon is mainly due to their own shortcomings, to the strong tendency towards industry isomorphism, ...
Read More
Blockchain is here – so what next? The Blockchain Developer Opportunity If you are a software engineer interested in emerging high growth project opportunities, you’ll want to ensure your technical skills are polished and you have access to proper training and resources. There is a significant shortage of skilled Blockchain developers unable to meet the demand of emerging projects! NCFA is pleased to announce an inaugural educational partnership with the Blockchain Learning Group offering a special introductory rate to attend an immersive, 2-day Blockchain developer training course on decentralized application development to help fill the gap of skilled engineers while connecting graduates to project opportunities. According to a recent 2018 PwC survey, 84% of 600 executive responders confirmed some involvement with Blockchain technology from proof of concepts to well capitalized international scale-ups and incumbents looking to modernize legacy systems. Distributed and immutable ledger applications are evolving rapidly with uses cases that improve trust and transparency for many business processes while distributing transactions to a decentralized network in a way that reduces costs and eliminates intermediaries. While crypto markets have exceeded $200 billion in just the last 2 years alone, the underlying technology is forecasted to disrupt almost every vertical with ...
Read More
Read More
Incipient Industries | Steven Dryall | Sep 19, 2018 Incipient Industries Releases Whitepaper Describing How Cryptocommodities Are Created and Used As The Basis For A Stable Cryptocurrency Toronto, ON, Canada, September 17, 2018 - Incipient Industries Inc. announces the release of the definitive whitepaper on the subject of cryptocommodities. Following years of development combined with the dissemination of information related to cryptocurrency viability and asset- based cryptocurrencies, an actual description of how to deploy a cryptocommodity is now available. This is a first in the burgeoning cryptocurrency industry and represents a significant step towards a stabilized digital economy. The cryptocurrency industry is still developing and discovering ways to integrate with traditional financial systems or to replace them altogether. The introduction of cryptocoomodities into the cryptosphere creates a new category of opportunities for pioneers in the space. For those seeking a solution to a stable cryptocurrency, this is the best path to success. See: 3 Clever Ways To Reach Crypto Price Stability, And One Giant Leap Of Faith “This is a perfect use case for cryptocurrency and also follows the Three Pillars of a Viable Cryptocurrency framework.” says Steven Dryall, CEO of Incipient Industries, who has pioneered several key concepts of ...
Read More
Read More
Bloomberg | Joshua Brustein | Sep 4, 2018 With fewer than 100 residents, Ocean Falls is looking for a revival after almost four decades of industrial false starts. In 1971, an 11th grader named Greg Strebel wrote the introduction to a book about Ocean Falls, the tiny town in the British Columbian hinterlands where he lived. Strebel mentioned the odd fact that many of the town’s roads were made of wood, said the weather wasn’t as bad as some people made it out to be and noted that it had just gotten a new school building. But the one thing that mattered above all, according to Strebel, was the paper mill. “To most, 'the mill’ imparts a sense of security by its presence,” he wrote. “A low throb of power is audible throughout most of the town as long as the mill runs, accompanied by voluminous exhalations of steam.” The security provided by the mill turned out to be fleeting. It went silent when Strebel was in his 20s. Most of the buildings in Ocean Falls that haven’t been demolished over the decades are crumbling in place, and Strebel, along with most everyone who once lived there, is long gone. A ...
Read More
Read More
Australian Financial Review | Michael Bailey | Sep 12, 2018 Businesses wishing to raise money from retail investors will no longer have to convert to an unlisted public company structure, after an amendment to 2017's equity crowdfunding legislation passed federal Parliament. The legislation, which takes effect in 28 days from Wednesday, allows proprietary companies or unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on ASIC-licensed crowdfunding portals, and raise up to $5 million a year to carry them out. Investors can put up to $10,000 a year each into an unlimited number of ideas. Australian private companies are typically limited to a maximum of 50 non-employee shareholders. However, under these reforms, investors acquiring shares through a crowdfunding portal are excluded from this cap, allowing private companies to raise funds from potentially hundreds or thousands of investors. See: Australia and UK set up FinTech Bridge to deepen collaboration between governments, regulators, and industry bodies Proprietary companies with crowdfunded shareholders will have to prepare annual financial and directors' reports in accordance with accounting standards. Only large proprietary companies, defined as those with any two of either $25 million turnover or above, $12.5 million of gross ...
Read More
Read More
NCFA Sponsored guest post | Sep 18, 2018 “You are such a worry-wart.” This is the common reaction I get whenever I tell people about how I like to plan ahead. They tell me that I’m too overreacting, that I live too much for the future and not for the present, and that I really don’t get the concept of YOLO. I really don’t give a darn about what these people say. They’re impractically wasting their time, breath, and energy trying to change how I live my life. What if I’m so gung-ho about planning for the future? What if I’m too overly prepared even my future dogs and cats will be feasting every single day? It’s still better than having no insurance. It’s still better than having my children carry my weight. Lastly, it’s still better than being ill-prepared. See: What Can Traditional Banks Learn From Fintech? If I were to choose between too much and too little, I’d choose too much any day. After all, what’s wrong with having so much you could spare a ton? It’s a thousand times better than having to ask for financial aid because you have so little. Do you get me? I ...
Read More
Read More
Forbes | Michael del Castillo | Sep 17, 2018 People keep asking me, what’s the deal with stablecoins? With two prominent regulatory approvals to issue the blockchain-based tokens, many have heralded them as the next evolution of cryptocurrency, while others say they’re perfect evidence of why no one ever needed cryptocurrency in the first place. On a basic level, a stablecoin is a token that has a mechanism in place to minimize its price fluctuations. Unlike traditional cryptocurrencies such as bitcoin and ether, which are directly tied to their wildly fluctuating demand, a stablecoin can rely on four methods to constrain its fluctuations. See: One SEC commissioner is establishing herself as the voice of innovation for the crypto market The first and by far most popular way to achieve this stability is to peg the price of the token to a more stable asset like the U.S. dollar. This is what both the Gemini and Paxos cryptocurrency exchanges received permission to do from the New York Department of Financial Services last week. Unlike bitcoin and ethereum, which are created through a mining process that also ensures the blockchain’s accuracy, these stablecoins are only created when someone buys them with U.S. dollars. Gemini and Paxos ...
Read More
Read More
NCFA Canada | Sep 14, 2018 Ep9-Sep 14: Curexe's New SmartPay Product & Front-line of Global Digital Payments About this episode: On this episode our host Manseeb Khan sits down with the CEO And founder of Curexe, so chat about their new product called SmartPay! They also talked about how A.I is going to touch the payments and every other industry, regulations that could be in place when accepting crypto and many more. Enjoy! Host: Manseeb Khan, NCFA, Fintech Fridays show host Guest: Johnathan Holland, Founder and CEO, Curexe Bio: Johnathan Holland's experience comes from a decade of learning about capital markets and a relentless pursuit of providing better customer experiences in the payments and currency exchange industry. Johnathan’s advantage has been to look at the currency exchange industry in a new light, which enabled him to create a new, better way to empower the businesses that are underserved by their current solutions. Johnathan graduated from the 2016 cohort of the Next 36 accelerator program that helps young entrepreneurs build high impact businesses and is currently running the company out of the DMZ. LinkedIn profile Join NCFA's weekly Podcast series 'FINTECH FRIDAY$' where we sit down with the incredible people ...
Read More
Read More
Bloomberg | By Natalie Wong and Gerrit De Vynck | June 20, 2018 A cryptocurrency baron has bought the largest and one of the most expensive condos in Canada, paying for it partly with digital money. Anthony Di Iorio purchased the three-story penthouse for C$28 million ($21 million) at the St. Regis Residences Toronto, the former Trump International Hotel & Tower in the downtown business district. The unit totals 16,178 square feet (1,502 square meters) and includes a wrap-around patio overlooking the city’s skyline at the corner of Bay and Adelaide Streets. Di Iorio didn’t take out a mortgage for the property because he doesn’t “like being in debt.” Instead, he cashed out some of his cryptocurrency and made a wire transfer to pay the price. “I don’t remember exactly which ones I cashed in but this is my safety net, real estate right?” he said in an interview with Bloomberg at his new condo. He now owns two condos units in Toronto for a total investment of about C$34 million, he said. “I decided to take a bunch out and put it in real estate.” The hotel is owned by InnVest Hotels LP and operated by Marriott International Inc. as ...
Read More
Read More
Computer Weekly | Karl Flinders | Sep 13, 2018 A Tech Nation programme to support the UK's financial technology startups demonstrates the increasingly diverse range of business-to-business products and services available through the country's fintech community Financial technology (fintech) is providing a market where IT professionals in the finance sector and beyond can find answers to their business challenges through specialist tech startups. UK-based CIOs have the benefit of having these fintech startups on their doorstep. UK government-backed startup network Tech Nation has selected 20 such fintech startups to take part in a five-month programme that aims to scale up early-stage companies. The programme’s business-to-business (B2B) focus demonstrates that beyond the high-profile digital challenger banks and payments companies targeting consumers with funky apps, there is a deep source of niche financial services IT innovation in the UK. Fintech solutions begin life as an idea about how to use technology to solve a particular financial services problem. The speed of software development today means products can quickly follow. See: UK Government Ups Crowdfunding without Prospectus to €8 Million – Matching Germany But the challenges really begin when it comes to turning a great idea into a commercial success. This is where the likes ...
Read More
Read More
Forbes | Enrique Dans | Sep 5, 2018 The growing popularity of fintech and the emergence of competitors in different phases of the cycle, from new banks such as Germany’s N26 to partial service providers such as Revolut and others, or niche competitors such as Shine, highlights not just the inability of traditional banking to compete with them, but even to understand the most basic implications of the phenomenon. The banks’ problem is not competing with these types of companies, or at least, not for now. We talking here about vastly different magnitudes, of scale: a service with strong growth like Revolut, for example, expects to reach three million customers by next month, which is nothing to Santander’s more than 113 million customers in more than ten countries worldwide. The idea that fintech companies represent some kind of threat seems absurd, seen in the context of size. Obviously, this does not mean that the traditional banks should ignore the phenomenon — and they aren’t. Ignoring change and hoping that size will continue to matter is risky. The big banks are aware that the growth of the fintech phenomenon is mainly due to their own shortcomings, to the strong tendency towards industry isomorphism, ...
Read More
Read More
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