Qonto (neobank)

RevoluGROUP Canada Inc. Successfully Completes First Tranche of $1.5 Million Private Placement

Retrieved on: 
Wednesday, September 20, 2023
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There were no finders’ fees paid in connection with this private placement.

Key Points: 
  • There were no finders’ fees paid in connection with this private placement.
  • A portion of the Private Placement constitutes a “related party transaction” within the meaning of Exchange Policy 5.9 and Multilateral Instrument 61-101 -Protection of Minority Security Holders in Special Transactions (“MI 61-101”) adopted in the Policy.
  • “We are extremely pleased with closing the first tranche,” says Gavin McMillan, Interim CEO and Director of the Company.
  • RevoluGROUP Canada Inc. controls five wholly-owned subsidiaries on four continents.

RevoluGROUP Canada Inc. Announces Strategic Board Appointments to Bolster Growth and Innovation

Retrieved on: 
Monday, September 18, 2023
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Vancouver, BC, Sept. 18, 2023 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO ), (Frankfurt: IJA2 ) (“the Company”) is pleased to announce several appointments and adjustments to their board's composition to drive growth, productivity, and innovation.

Key Points: 
  • Vancouver, BC, Sept. 18, 2023 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO ), (Frankfurt: IJA2 ) (“the Company”) is pleased to announce several appointments and adjustments to their board's composition to drive growth, productivity, and innovation.
  • Fernando Guillen, with a strong background in running diverse companies and driving economic growth, has been appointed as a new Director.
  • These changes aim to leverage the diverse skills and experiences of the board members to achieve economic growth while maintaining high service standards and industry leadership.
  • These strategic appointments mark an exciting chapter for the Company, positioning us uniquely to unlock untapped opportunities, drive innovation, and foster new avenues of growth across Europe and worldwide."

Qonto relies on Qover's orchestration platform for its new card insurance offer

Retrieved on: 
Tuesday, February 7, 2023
Insurance, SME, Fintech, Fraud, Travel, Music, Qonto (neobank)

BRUSSELS, Feb. 7, 2023 /PRNewswire/ -- Leading European business finance solution Qonto has partnered with embedded insurance orchestration provider Qover to streamline their insurance operations.

Key Points: 
  • BRUSSELS, Feb. 7, 2023 /PRNewswire/ -- Leading European business finance solution Qonto has partnered with embedded insurance orchestration provider Qover to streamline their insurance operations.
  • Qover's modular embedded insurance orchestration platform enables companies like Qonto to integrate tailored insurance products for a better user experience, while simplifying program management through transparent claims data.
  • "We're happy to launch the new card insurance offer to our clients together with Qover," says Albertine Lecointe, VP of Strategy at Qonto.
  • The modularity of our embedded insurance orchestration platform means that Qonto can decide which insurance services they need – from advising on the right product to streamlining operations to providing clear performance data to track the progression of their program.

Qonto relies on Qover's orchestration platform for its new card insurance offer

Retrieved on: 
Tuesday, February 7, 2023
Insurance, SME, Fintech, Fraud, Travel, Music, Qonto (neobank)

BRUSSELS, Feb. 7, 2023 /PRNewswire/ -- Leading European business finance solution Qonto has partnered with embedded insurance orchestration provider Qover to streamline their insurance operations.

Key Points: 
  • BRUSSELS, Feb. 7, 2023 /PRNewswire/ -- Leading European business finance solution Qonto has partnered with embedded insurance orchestration provider Qover to streamline their insurance operations.
  • Qover's modular embedded insurance orchestration platform enables companies like Qonto to integrate tailored insurance products for a better user experience, while simplifying program management through transparent claims data.
  • "We're happy to launch the new card insurance offer to our clients together with Qover," says Albertine Lecointe, VP of Strategy at Qonto.
  • The modularity of our embedded insurance orchestration platform means that Qonto can decide which insurance services they need – from advising on the right product to streamlining operations to providing clear performance data to track the progression of their program.

RevoluGROUP Canada Inc. Concludes Review of Equity Investment Proposal Submitting Amended Agreement To Potential Acquirers

Retrieved on: 
Friday, December 16, 2022
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The Company remitted several proposed amendments to the potential Acquirers late afternoon, December 13th.

Key Points: 
  • The Company remitted several proposed amendments to the potential Acquirers late afternoon, December 13th.
  • In subsequent conversations between the parties, the potential Acquirers are reviewing the contractual adjustments at this time.
  • While the proposed transaction negotiations advance promisingly, there can be no assurance that any definitive agreement, tender, or investment will be completed, and the December 13th, 2022, amended agreement proposal must be promptly and conscientiously reviewed by the potential acquirers.
  • For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

RevoluGROUP Canada Inc. RevoluSEND and RevoluTRANSFER Top 120 Countries Adding United Kingdom, Equity Investment Talks Update, AGM Only Via Zoom

Retrieved on: 
Tuesday, December 6, 2022
Crypto, Online, Hospitality, Physician, Qonto (neobank), Intellectual property, Travel, Online travel auction, Affiliation, Apple, News, AGM, Android, Visa, Sedar, Resort, Regional Power (Canadian company), TSX, Leisure, PSD2, Google Chrome App, Helicobacter pylori, Money Remittances Improvement Act of 2014, Esports, United Kingdom, Gastritis, COVID, European, Foreign exchange market, Financial technology

The Company has concluded the technical integration of the United Kingdom into its platforms and those of white-label partners.

Key Points: 
  • The Company has concluded the technical integration of the United Kingdom into its platforms and those of white-label partners.
  • The parties continue working towards a final agreement on or before December 8th, 2022, regarding a potential equity investment in the Company.
  • On November 21st, 2022, the Company issued advice on two official methods for its shareholders to attend the annual AGM on December 16th, 2022.
  • For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

RevoluGROUP Canada Inc. Extends Equity Investment Talks Term Sheet Period Until December 8th 2022 Midnight

Retrieved on: 
Tuesday, November 29, 2022
Midnight, ACT, Crypto, Online, Leisure, Hospitality, Exclusivity, European Financial Stability Facility, TSX, Part, Policy, Automated clearing house, Energy Independence and Security Act of 2007, Money Remittances Improvement Act of 2014, Appendix, FINTRAC, News, Esports, Google Chrome App, Affiliation, Intellectual property, Android, Online travel auction, Apple, Visa, Acquiring bank, Regional Power (Canadian company), PSD2, Acquisition, Resort, Qonto (neobank), Foreign exchange market, European, Financial technology

The Acquirers and the Company have approved a one-time extension of the term sheet's maximum closing date and the exclusivity term, which now ends at midnight on December 8th, 2022.

Key Points: 
  • The Acquirers and the Company have approved a one-time extension of the term sheet's maximum closing date and the exclusivity term, which now ends at midnight on December 8th, 2022.
  • Firstly, the parties concluded perhaps the most complicated Documentary Due Diligence phase as per the news release dated November 7 th , 2022 .
  • Secondly, in continued good faith, the parties signed the Mutual Business Development Strategy addendum on November 25 th , 2022 .
  • Therefore, the parties have approved the present Term Sheet Period and Exclusivity Extension to permit appropriate time for this crucial conclusive phase in the talks.

RevoluGROUP Canada Inc. Signs Mutual Business Development Strategy Furthering Equity Investment Talks

Retrieved on: 
Friday, November 25, 2022
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Today's Business Development Agreement projects a defined mutual understanding and future strategy should the Equity Investment occur.

Key Points: 
  • Today's Business Development Agreement projects a defined mutual understanding and future strategy should the Equity Investment occur.
  • The parties have agreed to a comprehensive 2-year plan to initiate on the day of the eventual equity acquisition.
  • Today's advent of approving the mutual underlying business plan is considered a notable continued positive advancement in the talks.
  • For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

RevoluGROUP Canada Inc. Equity Investment Talks Documentary Due Diligence Concluded

Retrieved on: 
Monday, November 7, 2022
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In some cases, depending upon the volume of documents petitioned and received, this can often consume significant time.

Key Points: 
  • In some cases, depending upon the volume of documents petitioned and received, this can often consume significant time.
  • The Company and parties are delighted to have satisfactorily concluded this crucial phase.
  • The satisfactory completion ahead of schedule of the aforementioned 'Documentary Due Diligence' bodes well for the projected timeframe and positive advancement of the talks.
  • For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

RevoluGROUP Canada Inc. Signs Term Sheet to Enter Equity Investment Talks

Retrieved on: 
Monday, October 17, 2022
ACT, Crypto, Online, Adoption, News, Apple, Qonto (neobank), Hospitality, TSX, Policy, Android, Affiliation, Part, Esports, Control, Visa, Securities Act of 1933, Regional Power (Canadian company), Company, Resort, Acquisition, Board, Leisure, European Financial Stability Facility, Money Remittances Improvement Act of 2014, GLOBE, Director, Intellectual property, FINTRAC, Calendar, EU, PSD2, Online travel auction, Google Chrome App, Risk management, Financial technology, BC, Foreign exchange market, European

The parties have agreed that a maximum period of 45 calendar days suffices to conclude the preliminary due diligence and analysis of the underlying proposal.

Key Points: 
  • The parties have agreed that a maximum period of 45 calendar days suffices to conclude the preliminary due diligence and analysis of the underlying proposal.
  • As a result, the adoption of the agreements necessary to formalize the transaction cannot take longer than 45 days from the date of the signing of the present term sheet.
  • There can be no assurance that any definitive agreement, tender, or investment will be completed, and the term sheet remains preliminary and non-binding.
  • For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .