Robert Ronning Shares Excitement over Letter of Intent from Victory Square Technologies

The LOI comes as PayVida is preparing to become a publicly traded entity

Vancouver, British Columbia - June 13, 2018 /MarketersMedia/ —

Co-founder of the blockchain-based payment processor PayVida Robert Ronning is sharing the news that Victory Square Technologies (“Victory Square”) plans on acquiring 33% of the company within the year. “We had multiple offers, a lot of people who wanted to lead the private placement. We are certainly honored to enter into an agreement with such a great company as Victory Square, and this partnership will definitely shape our future,” Robert Ronning commented.

The LOI comes as PayVida is preparing to become a publicly traded entity, with expectations of this happening in the early part of 2018. The support of Victory Square will allow the Vancouver-based enterprise to advance its mission of revolutionizing the Canadian payment processing industry. Starting with the premise that simplicity, affordability, and transparency are the key attributes of this service, PayVida has quickly progressed to the point where its technology and the expertise of its team have empowered the creation of an innovative, highly differentiated offering. With a keen sense of ethics and a focus on the morality side of payment processing, the company takes pride in being the first Canadian provider to eliminate the onus of contracts and discard cancellation fees while offering the benefits of next-day funding and a price lock guarantee. “The entire blueprint and DNA of what we built from day one rests on the notion of no contracts and no cancellation fees. We have the industry’s most transparent pricing, and we do not charge a monthly minimum,” as noted by Ronning.

Established in 2012 and headquartered in Vancouver, British Columbia, Victory Square is the ideal partner for PayVida given its focus on entrepreneurs with game-changing ideas. Businesses supported by the blockchain-focused venture builder obtain access to educational programs, global mentorship networks, distribution partners, creative workspaces, resources, and operational support in various other fields. Victory Square selects ventures with a potential for greatness and helps them build scale internationally. To date, it has changed the fortunes of more than 1,000 entrepreneurs and supported over 500 startups, assisting them in raising more than $100 million in combined funding. Its network partners include leading accelerators such as Y Combinator, 500 Startups, Techstars, and Launch Academy. The portfolio built by Victory Squareis a testament to the forward-thinking approach of the leadership team led by CEO Shafin Diamond Tejani. The company is investing in all the technologies that are disrupting economic sectors: artificial intelligence, virtual/augmented/mixed reality, and blockchain. In 2017, Victory Square became a member of the Blockchain Investors Consortium (BIC) – an organization dedicated to identifying global investment opportunities in the digital assets category.

Robert Ronning co-founded Dominion Card Services in 2012 and led it for ten months, using this time to refine the vision for his next venture. The financial services technology provider he launched early in 2013, PayVida Solutions is on a mission “to rebuild the payment industry from the ground up” and radically change the way businesses get paid. PayVida aims to spearhead the creation of a healthier marketplace by offering ethical and affordable payment processing solutions to business owners and entrepreneurs.

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-shares-excitement-over-letter-of-intent-from-victory-square-technologies/359884

For more information, please visit http://www.robertronningnews.com

Source: MarketersMedia

Release ID: 359884

More News From Action Swift

IndyCar driver Wickens flown to hospital after scary crash

Aug 19, 2018

LONG POND, Pa. — IndyCar driver Robert Wickens was taken by helicopter for medical treatment following a violent wreck at the start of Sunday's race at Pocono Raceway, where a driver was killed in 2015. IndyCar said Wickens was awake and alert as he was taken to a hospital. The 29-year-old Canadian driver was attempting to pass Ryan Hunter-Reay when the two cars slightly touched. That caused Hunter-Reay's car to careen into the wall and Wickens' car was pulled along for the ride. Once Wickens' car soared over Hunter-Reay's and hit the fence, it spun round and round like a...

The Latest: Pocono repairs damage following Wickens' wreck

Aug 19, 2018

LONG POND, Pa. — The Latest from the IndyCar race at Pocono Raceway (all times local): 4:45 p.m. Pocono Raceway president Ben May says about 80 feet of fence and a few posts were damaged in the wreck that sent IndyCar driver Robert Wickens to the hospital. The Pocono staff needed about two hours to repair the track and make it safe for the rest of the race. Sebastien Bourdais raised concerns about the quality of the repairs and condition of the fence before he got back in the car. May said: "It may not be the prettiest job but...

Power starts bid for 3rd straight Pocono win from the pole

Aug 19, 2018

LONG POND, Pa. — The IndyCar race at Pocono Raceway is underway. Will Power began his bid for a third straight Pocono win from the pole. Power and Josef Newgarden made it a 1-2 start for team owner Roger Penske. Scott Dixon leads the championship standings as he chases his fifth IndyCar championship. Dixon holds a 46-point lead over 2016 Indianapolis 500 champion Alexander Rossi in the standings. Rossi, Newgarden and Power all have Dixon in sight with four races left in the IndyCar season. Dixon starts an unfavorable 13th. ___ More AP Auto Racing: https://apnews.com/tag/apf-AutoRacing and https://twitter.com/AP_Sports

US says conserving oil is no longer an economic imperative

Aug 19, 2018

WASHINGTON — Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs. The position was outlined in a memo released last month in support of the administration's proposal to relax fuel mileage standards. The government released the memo online this month without fanfare. Growth of natural gas and other alternatives to petroleum has reduced the need for imported oil, which "in turn affects the need of the nation to conserve energy," the Energy Department...

Kurt Busch steals spotlight from younger brother at Bristol

Aug 19, 2018

BRISTOL, Tenn. — Kurt Busch stole the spotlight from his younger brother Saturday night at Bristol Motor Speedway to snap a 58-race winless streak and grab an overdue short track victory. Busch won for the first time this season — first since the 2017 season-opening Daytona 500 — but it was his sixth victory on the 0.533-mile bullring he once dominated. Busch once won three consecutive times on the Tennessee track and was considered the best in the business on the concrete oval. Then his younger brother learned his way around the place, and Kyle Busch became the master of...

Sign up now!

Action Swift is your fighting sports news site featuring boxing, fencing, martial arts, mixed martial arts and sumo. It’s time for some action!

Contact us: sales[at]actionswift.com