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Business Finance Financial Market Technology U.S

Fujitsu to Divest Entire $1.1B Air Conditioning Unit Stake; Bloomberg

Fujitsu Ltd., a leading Japanese global information and communication technology company, is reportedly divesting its stake in Fujitsu General Ltd.—the unit that manufactures cooling systems.

The declaration came during its quarterly financial announcement in October 2022. The company revealed that it was planning the sale of its stake in non-core affiliates—Fujitsu General, Shinko Electric Industries Co., and FDK.

Fujitsu owned around 50% and 59% stake in Shinko Electric and FDK respectively—as of the end of September 2022.

Not a Partial Divestment

Fujitsu shared plans to sell its entire 42% stake in Fujitsu General Ltd. as the Japanese IT coalition looks to speed up a business overhaul.

Fujitsu General Ltd. shares are worth an estimated ¥140B ($1.1B).

“We have set certain criteria for the sale and aim to sell 100% of the 42% stake,” stated the CEO Takahito Tokita in a recent interview. “We won’t do it halfway.”

Fujitsu Receives Substantial Bids

In line with its divestiture strategy, the company kicked off the auction process after it had found several long-sought customers, such as Bosch. The initial bids for the procurement were submitted by January 20, as decided. 

Fujitsu General received around ten bids from high-profile strategic investors and private equity firms. However, the company has not yet narrowed down the list of bidders, said ION Analytics

Why Is Fujitsu Divesting its Air Conditioning Unit Stack?

The CEO marked the divestiture as a part of the company’s effort to ensure more streamlined operations, reported Bloomberg, a leading financial news website. 

Even though the CEO refused to comment on the negotiations, he said the company was “happy to have interested parties.”

Fujitsu is the sixth-largest technology services provider in the world (based on yearly revenue). In its heyday, this Japanese giant manufactured almost everything—from smartphones and laptops to integrated chips. 

In order to focus more on IT and communication systems, the IT firm is now divesting non-core affiliates and has already sold off much of its consumer product lineup.

For the fiscal year ending March 31st, 2023, the company predicts its operating profit to reach a staggering ~$3.11B (¥400B)—a jump of 83%. 

However, analysts unanimously agreed that the profit will be ~$280B (¥359B). Fujitsu General expects its net sales to rise 37.3% to a total of ~$297.2B (¥390B). It predicts an operating profit of ¥18B for the fiscal year through March this year—an upturn of 113.2% year-on-year. 

In the report, the CEO underscored the COVID-19 outbreak and geopolitical pressures regarding Taiwan as the biggest factors making Fujitsu extremely vulnerable.

According to the report, policymakers worldwide are vying to hold sway over the semiconductor technology used for military purposes. 

According to RF Globalnet, the USA is pressuring Japan to help clip China’s chip industry. In this circumstance, when Fujitsu is hugely dependent on Taiwan’s semiconductors, Tokito said the divestment would help the company prepare for any emergency.

Navigating Carve-out Challenges to Success

Divestiture is a cross-functional process that takes place on a legal, financial, organisational, and technical level. Even though equity carve-out is a standard strategy of business management among consolidated and dynamic enterprises, the permanent split-off of the IT poses challenges to participants. 

Leveraging a high-end IT carve-out consulting service, such as US-based Fission Consulting, can streamline the transaction process and significantly shorten the separation timeline with minimal business disruption.

Wrapping Up

Being at the forefront of hyperconnected business transformation, Fujitsu combines the power of IoT with AI, and network solutions. The aim is to help future-focused companies cope with technological shifts. Regardless of the reasons behind the divestiture, Fujitsu hopes the divestment would help the company optimise business operations while also maintaining the supply chain.

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Business Finance Retail Services Technology

AMLSafe Integrates Chainalysis To Enhance Its AML Protection Capabilities

LITHUANIA – AMLSafe, the first crypto wallet to protect users from malicious assets, has integrated Chainalysis, the leading provider of crypto compliance and investigation solutions, through its sister company AMLBot, to further enhance the functionality of it’s built-in AML module and provide a more comprehensive and personalised service to our users.

This integration will strengthen AMLSafe’s commitment to protecting users from malicious assets and actors within the cryptocurrency ecosystem.

Slava Demchuk, founder of AMLSafe, commented: “At AMLSafe, we are committed to providing our users with the highest level of security and compliance. This integration with Chainalysis, the leading provider of crypto compliance and investigation solutions, is a testament to our commitment to protecting our users from malicious assets and actors within the cryptocurrency ecosystem. And this integration will enable us to provide an even more comprehensive service to our users, ensuring they can make informed decisions and protect themselves from potential risks.”

Other features that make AMLSafe user-friendly include full iOS 15 compatibility, WalletConnect, a built-in fiat-on ramp that allows users to easily buy and sell crypto using traditional methods, and a built-in decentralised exchange that allows users to securely exchange tokens. The wallet is available on iOS and Android and supports over 14 blockchains, including Bitcoin, Ethereum, BNB Chain, Tron, Everscale, Dogecoin, Ripple and many more, with the team constantly working on more integrations.

Security is of paramount importance to AMLSafe. They take great care to ensure that their wallet is equipped with the latest security measures to protect their users’ assets and personal information, and their primary goal is to help users navigate the complex world of cryptocurrencies with confidence and the highest level of security.

With this integration, AMLSafe aims to be the most secure and user-friendly crypto wallet on the market, offering the best compliance solutions to protect its users’ business and personal assets from potential threats.

About AMLSafe

AMLSafe is the first crypto wallet to protect users from malicious assets through the integration of AMLBot and the PureFi Protocol.

It allows users to verify that counterparties’ assets are clean through a simple, convenient, everyday service with an interface accessible to everyday users.

About Chainalysis

Chainalysis is a leading provider of crypto compliance and investigation solutions, helping businesses and governments prevent and investigate cryptocurrency-related crime. Since its inception in 2014, the company has grown to become a trusted partner to some of the world’s leading exchanges, financial institutions and government agencies.

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Business Finance Law & Legal Services Technology

Leading Crypto Compliance Provider Chainalysis to Join PureFi’s Verified Data Provider Market

HONG KONG – PureFi, the one-stop decentralised compliance protocol for Web3, announced that Chainalysis, the leading provider of crypto compliance and investigation solutions, will become part of its verified data provider market through a partnership with its sister company AMLBot.

Trust is a critical component of any financial system, and it is particularly important in the world of DeFi. However, trust in DeFi is often lacking due to the decentralised and anonymous nature of many blockchain-based systems. The partnership aims to address this by using Chainalysis data as the basis for PureFi’s in-house analytics, which are performed through its sister company AMLBot, to provide a comprehensive, cost-effective and personalised service to clients.

“Chainalysis is a trusted partner with a proven track record in the crypto industry,” said Slava Demchuk, CEO of PureFi and co-founder of AMLBot. “Their expertise and team have enabled them to grow their valuation and customer base, and their services are in high demand by businesses and governments around the world. This partnership will not only strengthen our commitment to protecting users from bad actors within the DeFi ecosystem, but it will also allow us to better serve our customers and support our righteous cause. Together, we will work tirelessly to protect the integrity of the ecosystem and ensure that bad actors are held accountable for their actions.“

Chainalysis has been a leading provider of crypto compliance and investigation solutions since its inception in 2014. The company currently employs over 700 people, more than half of whom have joined the team in the past year. Chainalysis’ various tools monitor over $1 trillion worth of transactions every month, providing valuable insight and analysis to governments and private companies. In addition to its team, Chainalysis has also seen significant growth in terms of valuation, raising $170 million in a Series F funding round that valued the company at $8.6 billion.

About PureFi:

PureFi enables dApps to fully comply with local and global regulations while maintaining decentralisation and user anonymity.

Developed by AMLBot in partnership with the Hacken Foundation to provide a full-cycle crypto-asset analysis and AML/KYC solution for the Web3 infrastructure.

With 5 years of experience in building successful compliance-related projects, the PureFi team has already onboarded more than 30 partners, including projects such as Bitfury Crystal, Gate, NEAR, AURORA and Ferrum Network, and recently received monetary grants from NEAR Foundation, AURORA and Anatha to bring the solutions to their blockchains.

About Chainalysis 

Chainalysis is a leading provider of crypto compliance and investigation solutions, helping businesses and governments prevent and investigate cryptocurrency-related crime. Since its founding in 2014, the company has grown to become a trusted partner to some of the world’s leading exchanges, financial institutions and government agencies.

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Business Education Finance Services U.S

Boris Musheyev Disrupts The Tax Industry By Changing The Way Business Owners Do Their Taxes

Queens, NY – February 8th, 2023 – Boris Musheyev founder of Boris M Tax Inc. new tax strategy e-book earns the Click Funnels 2-Comma Club award. The S-Corp Tax Book teaches entrepreneurs how to legally pay less in taxes using your S-Corporation. 

This ebook was created to educate entrepreneurs on how the United States tax code is designed and how they can use it to their advantage. Inside the book are tax strategies, deductions, and benefits that any profitable business owner can use to save money on taxes using S-Corporation.

The book also teaches business owners that accounting is more about being correct and putting the right numbers in the right boxes. It’s being strategic, and proactive and maximizing tax savings with tax planning.

Tax planning is not the same as tax preparation. Most people think that tax planning is just for the ultra-mega-rich, and it’s extremely underutilized by small business owners. 

Imagine you’re going on a road trip. Tax planning is like mapping out your route before you leave. You look at the big picture and decide the best way to get to your destination. You take into account things like traffic, construction, and road closures, so you can make adjustments and arrive at your destination on time.

Tax preparation, on the other hand, is like packing your bags and getting in the car. Once you’ve mapped out your route, you gather all the necessary items (documents, forms, etc.) and make sure they’re in order before you hit the road. You double-check that you have your driver’s license, registration, and insurance and that your gas tank is full. You’re ready to go.

Proactive tax planning is the only way to pay less in taxes. Tax planning is the process of looking at your life and business, and identifying strategic ways to minimize your tax liability with proactive tax planning strategies. It’s all about being proactive and taking advantage of opportunities to seriously save money on taxes.

Tax preparation, on the other hand, is the process of gathering all the necessary documents and information, and putting the right numbers in the right boxes. It’s all about being organized and making sure everything is in order before the deadline.

Just like a road trip, it’s important to start planning early and not wait until the last minute. If you wait until the last minute to map out your route, you’re going to miss out on tax-saving opportunities and overpay in taxes. Which is 100% avoidable.

In short, tax planning is all about using proactive tax strategies to pay less in taxes. Tax preparation is simply putting the right numbers in the right boxes. It’s important to start planning early and not wait until the last minute, just like a road trip.

As of today, over 20,000 copies of this book have been downloaded and more and more entrepreneurs learn about the power of tax planning and how S-Corporation can help them save money on taxes.

For more information on tax planning for your business visit www.borismtax.com.

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Business Computers & Software Finance Professional Services Technology

The Four Biggest Cybersecurity Mistakes That Can Kill a Small Business

Small businesses and work at home entrepreneurs are being targeted by ransomware at an alarming rate and over 80% of businesses that pay a ransom will get attacked a second time. In fact, hackers, scammers and viruses are getting smarter every day and cybersecurity measures, to keep company information safe and secure, is one of the most overlooked investments small businesses skip and it can be a very expensive oversight.

Christopher Bartosz is a cybersecurity expert and the President and CEO of FVC Technologies that focuses on servicing small to mid-sized businesses across the nation as their outsourced IT department. His company provides not only IT management, but cybersecurity solutions that keep the company secure and he has identified four of the biggest mistakes small businesses make when it comes to cybersecurity.

#1 – Thinking a business is too small for an attack. No business is too small to be the target of a hacker including work at home entrepreneurs. According to Bartosz, “If you have a bank account, you’re at risk of a cyber attack. Fifty percent of small and mid-sized businesses have experienced at least one cyber attack in the past year.”

#2 – Not understanding most consumer anti-virus programs won’t protect them against all hackers. The typical anti-virus software, also known as anti-malware, is originally designed to prevent, detect, and eliminate malware and viruses. These programs usually run in the background to provide protection but with the explosion of other malware, antivirus software cannot always protect against the latest computer threats. Small business owners and work at home entrepreneurs think they’ve done everything they can to protect and make their laptop and computer systems secure when they are installed. However, according to a recent survey by Fortinet, 81% of small businesses report that new types of attacks have evaded their traditional security solutions including anti-virus software.

#3 – Thinking that IT and cybersecurity are the same thing or relying on a friend for IT Support. It’s great to have a friend who can be consulted for basic IT, or Information Technology, support, but one big mistake people make is thinking that IT and cybersecurity are the same thing. Bartosz says, “Basic IT support and cybersecurity are a completely different skill set. IT support can fix basic computer problems, but not necessarily close the holes hackers are trying to get in. Relying on a friend who knows ‘something about IT’ is just enough to be dangerous.”

#4 – Looking at IT security as an expense and not an investment. Small businesses and entrepreneurs think they’re protected with a consumer anti-virus program that costs around $70, but that is not always enough. In fact, according to Fundera, small and mid-sized businesses spend an average of $955,429 to restore normal business in the wake of successful attacks. Alarmingly, as many as 60% of companies go out of business six months after an attack.

Most small businesses are, unfortunately, vulnerable to cyber attacks, but there are preventative solutions to mitigate the risks. FVC Technologies takes a security first, not an ‘IT support’ first approach. According to Bartosz, “We provide a risk assessment that often reveals hidden doors for hackers to walk right on in and then show our clients this information so we can put together a plan to close and lock those doors.”

Bartosz also recommends investing in a professional and next generation endpoint protection program that scans in real time and catches vulnerabilities, “When we work with clients, we offer them an A.I. driven level of protection that is only available to IT professionals. Larger companies should expect to dedicate 7-10% of their IT budget for cybersecurity and smaller companies who do not have an IT budget should plan on spending 3% of their total budget on cybersecurity. It’s a form of insurance especially compared to the expense of a data breach or ransomware attack.”

Christopher Bartosz is the author of two books on cybersecurity including Why Your Business Must have Cybersecurity Risk Assessments and Cybersecurity Now and he provides education and security training to the companies he serves. He has extensive knowledge of multiple government regulations that he uses to ensure his clients who hold government contracts remain compliant and secure. Businesses can connect with Bartosz on LinkedIn and at FVCTechnologies.com.

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Agriculture & Farming Business Finance Lifestyle World

Surgeon & Associates Ranks No. 3504 on the 2022 Inc. 5000 Annual List

Fayetteville,NC August 16, 2022 – Today, Inc. revealed that Surgeon & Associates is No. 3504 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

 The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.

“We are delighted to be recognized for the growth of our organization. Surgeon & Associates, Inc. stands by our vision of being committed as a responsible employer focusing on exceeding customer expectations by utilizing integrity, efficiency, work ethic, and family-centered values.” says Frederick D. Surgeon CEO of Surgeon & Associates.

 

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.

 

“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.” 

More about Inc. and the Inc. 5000

 

Methodology

Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.

 

About Inc.

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

 

For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.  

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Finance Food & Beverage Lifestyle Technology U.K

Innovative Chinese Takeaway JVDE PVRK Announces UK Relocation and Metaverse Project

Owners of Chinese takeaway JVDE PVRK, James Cheung and Debbie Hsu have announced the relocation of the business to the city of Birmingham. All business operations of the Chinese takeaway will hence be carried out from a new location in the West Midlands city. 

With a mindset that came out of social media, JVDE PVRK (pronounced Jade Park) combines elements of content creation, fashion, and food within the concept of their business. The company’s founders have a deep honor of Chinese tradition, but none the less, they are working hard to change an old traditional trade to a modern takeaway.

JVDE PVRK promises to continue serving customers with their savory Chinese food that tastes great every single time. Customers will still enjoy online ordering services with options of pick-up or delivery from the new location. The Chinese takeaway is also still available on UberEats and JustEat. 

JVDE PVRK was unfortunately forced to close down business operations in Wirral on the 9th of June 2022, as a result of complications with the lease of their now former building. This is the development that led to the previously mentioned decision by the founders, to relocate all business operations of the Chinese takeaway to a new location in the city of Birmingham. In addiction to this, they have also stated their plans to open more JVDE PVRK branches by 2023 to meet the growing demands of their classic Chinese takeaway. 

As a business that started during the challenging period of Covid-19, JVDE PVRK has grown to be well versed with challenges and sees this new one as an opportunity for a big and better comeback. 

Proving once more to be a pacesetter in the traditional Chinese takeaway business, JVDE PVRK has also announced that they’ll be expanding their takeaway services into the metaverse. With the rise of digital commerce, JVDE PVRK continues to break uncharted grounds in the Chinese takeaway trade by integrating current technologies into their services, taking their iconic golden box noodles into the virtual space to further meet the demands of their huge follower base (Instagram: @jvdepvrk @debbiehsu_bee / Twitter: @jvde_sauce @yummycrypoto. 

This innovative development by JVDE PVRK further aims to make their Chinese takeaway a more fun an unforgettable experience for their customers. Customers will not only enjoy delicious Chinese food, but also get a thrilling virtual world experience. The metaverse project will be an anime style NFT with similarities in aesthetics to the art posted on their social media. 

JVDE PVRK will also start accepting cryptocurrency as a form of payment for food. This is yet another step by JVDE PVRK towards bridging the gap between the traditional Chinese takeaway business and innovative technology for businesses and cementing their place as pioneers in the long-established takeaway trade. As cryptocurrencies are becoming a more popular legal tender, JVDE PVRK is adding crypto payment to provide more options for their customers for ease of transactional service. They have partnered with QWYPTO a web3 team that specialises in crypto, NFTs and web3 to deliver their crypto and metaverse journey.

JVDE PVRK Chinese takeaway is committed to providing excellent and consistent service for their customers with all the aforementioned developments. 

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Business Celebrity Finance Lifestyle Public Affairs

Businesswoman Latesha Isbell Howard advocates for economic equity for minority women-owned businesses

Businesswoman Latesha Isbell Howard advocates for economic equity for minority women-owned businesses

Find out more at www.successwithlatesha.com.

“The problems of racial injustice and economic injustice cannot be solved without a radical redistribution of political and economic power.”

– Dr. Martin Luther King, Jr.

In the business world rooted in racism and economic inequity, we can either talk about the problem or take action. Latesha Isbell Howard, a business management consultant and marketing manager for a Fortune 500 company, is all about action. With over 25 years in the business industry, she noticed a problem within her community with the lack of financial knowledge, access to capital, and entrepreneurship education, so she decided to launch Savvy Diva Enterprises.

“A lot of us were not taught about credit and personal finances,” said Howard. “Financial literacy and entrepreneurship aren’t taught in high school or college, and that’s why I offer these services.”

Her company specializes in business credit, funding solutions, education and resources for minority female entrepreneurs. She also provides additional resources that support personal credit optimization, helping clients to become lender ready.

Operating in the corporate world with her Master’s in Business Administration and a Bachelor’s in Finance, Howard has gained valuable expertise to help her clients to structure, fund, and operate their small businesses like Fortune 500 companies.

“I love what I do, but I am only making small ripples in the ocean. God says it’s time to go bigger!” said Howard. And this is why she has launched a huge initiative to serve 2,300 minority women-owned businesses annually. Savvy Diva Enterprises has developed an entrepreneurship academy, small business incubator, community development loan fund, real estate investing program, and youth financial literacy and entrepreneurship program.

“This is a call to action to every bank with CRA goals, every corporation or municipality with community and economic development goals, every philanthropist that wants to leave a legacy, and every government funding program that supports entrepreneurship or financial literacy. We’re also seeking partnerships with nonprofits whose mission aligns with ours,” said Howard. To learn more about how you can support this initiative, click here.

“Together we can change the lives of an underrepresented, underserved, and underutilized population,” said Howard. A study by McKinsey & Company states that “in a parity scenario, Black-owned businesses would generate $1.6 trillion more than they do today.” This point illustrates why economic equity is vitally important.

This trailblazing wife, mother, entrepreneur, and stage 3 breast cancer survivor lights up when she talks about teaching clients how to turn their passion into a plan and transform the plan into profits. “I love to see people win; helping these women level up in their business and finances is my life purpose,” said Howard.

To find out more, interested parties are invited to visit www.successwithlatesha.com

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Finance Financial Market Human Resources Media & Communications Public Affairs

Veteran, Entrepreneur, And Influencer ShaDonna “Mo”McPhaul Teams Up With ADP

For Immediate Release

Fayetteville, North Carolina

Veteran, Entrepreneur, And Influencer ShaDonna “Mo”McPhaul Teams Up With ADP

ShaDonna “Mo” McPhaul is a retired Air Force veteran passionate about helping businesses connect with new audiences to bring awareness to their products and services through “The Mo You Know.” As Chief Executive Officer and Founder, her vision for The “Mo You Know” is to be a conduit for businesses to connect with their target audiences.

Her new partnership with ADP, which provides payroll and human resource solutions for businesses that empower them to thrive in the changing world of work, further extends her dedication to helping businesses of all sizes achieve success.  

“I’m truly excited about working with ADP to help businesses grow and scale while taking care of their employees. Many businesses were faced unprecedented challenges during the pandemic. ADP was instrumental in helping the White House with solutions to help our business community stay afloat.” said Mo McPhaul.

Both Mo and ADP share a dedication to a culture that offers meaningful work, opportunities for advancement, competitive compensation and benefits, and training and development that also acknowledges the importance of having a work-family balance that meets everyone’s needs.

Through this partnership, Mo and ADP will provide businesses with the information and knowledge necessary in the ever-changing and complex area of payroll and Human Resources. These are often areas small and mid-size companies struggle with, especially those that are on a growth trajectory. 

About ShaDonna “Mo” McPhaul

Mo has been featured in GI Jobs Magazine, U.S. Veterans Magazine, Be Encouraged Magazine, Life in the Overflow Magazine, Women’s View Magazine, The Huffington Post, The State of New Office of African American Affairs Statewide Focus Magazine, the Fayetteville Observer, The Fayetteville Press, ABC, NBC, CBS, and Fox.

She has received several awards and recognition, including the Special Achievement Award from the NAACP-Honolulu Branch, The Mountaire Farms “Better Carolina Award, and the Values.com “Hero of the Month” for January 2015.

The Mo You Know Growth Impact Radio Show is featured on WIDU 1600AM and 99.7FM.

Press Contact

ShaDonna “Mo” McPhaul

(910) 463-9494

www.shadonnamcphaul.com

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Automotive Business Finance Personal Finance Technology

Plensy™, The World’s First NFT Auto Smart Loans, Announces Launch of Wefunder Equity Crowdfunding Campaign

Plensy™ Inc. is the World’s First End-to-End Credit & Lending Solution for Car Buyers and Dealerships, allowing consumers to regain control of their purchasing power and credit score while benefiting from interest rates and loan terms that won’t break their bank or threaten their family’s survival.

On the Plensy™ Wefunder campaign page, the general public can now make reservations. Wefunder is a website that connects startups with investors through crowdfunding. The “Kickstarter for Investing” platform makes use of a provision in the JOBS Act of 2012 that allows unaccredited investors to purchase equity in early-stage private companies.

The Points-based Lending System – Plensy™, teamed with Wefunder to offer their future customers the opportunity to purchase Plensy’s initial equity, which offers discounted shares to early Seed Round investors.

The disruptive FinTech company has achieved many milestones in the previous three years prior to the campaign’s launch, including:

• First company to create the Idea to apply NFTs to Vehicles and coin the term, Auto Smart Loans

• Patent filed in 2020

• 120 Dealerships across the United States Signed Agreements to Offer Plensy’s Alternative Lending Solution to its Customers 

• Some of the dealerships are under Warren Buffet’s Berkshire Hathaway Automotive Group and Lithia Motors, Inc., one of the largest automotive group retailers in the United States and is among the fastest-growing companies in Fortune 500

• Built a more streamlined and modern Dealer Management & Inventory System 2019-2020

• Auto Finance Innovation Award Nominee – Sam Errama, Founder & CEO

• Inspirational Woman of the Year Los Angeles Times – Brandi Kolosky, Founding Member & CGO

• Completed Friends & Family Round with $150k raised 

• Tested 3.3m data points showing a 97% efficacy of predicting default by accurately reflecting the customers’ true ability to pay a loan and their actual creditworthiness

“We are extremely excited about the opportunity to provide a superior value proposition to the consumers and dealerships while providing a significant return for our investors,” Miami Resident and Floridian, Chief Growth Officer / Founding Member of Plensy™, Brandi Kolosky, states. “The vote of confidence and eagerness from everyone over the past year shows that Plensy™ is needed now more than ever to provide a more accurate and faster solution with less risk for the credit and lending industry. We have already made significant headway on our target well before ‘going live’ on Wefunder and look forward to connecting with more fans of Plensy™!” 

Erik Day, VP & CFO of the Warren Henry Auto Group’s 14 South Florida dealerships, clarified on the 2021 CXAuto Conference panel with Ms. Kolosky at 1:34:30, “absolutely Plensy™ is needed….we are missing out on a lot of customers due to many factors…” 

“We’ve created statistical models and a loan approval prediction to increase the likelihood of a consumer qualifying while reducing missed payments and default rates. We’re employing a logistic regression model with real-time accurate data analytics and smart algorithms to assess a buyer’s true ability to pay, while our predictive analytics algorithm allows us to determine individual interest rates.”, said Plensy’s Founder, Sam Errama.

Plensy™ uses the blockchain to ensure that the above data is accurate, secure, and transparent by combining data points and risk mitigators such as rental history, gig economy income, additional assets, and more. It generates a buyer’s authenticated creditworthiness using its own patent-pending AI without increasing credit risk or creating any discriminatory racial consequences. Plensy™ is the most intricate and necessary part of the equation to disrupt the monopolized for-profit credit score firms, Experian, Transunion, and Equifax, by extending the marketplace, diversifying risks, and creating a social effect. Finally, Plensy™ has built in a 20% reserve into its financial model, greatly beyond the industry standard of 5%.

Plensy™ will use the crowdfunds for working capital. The early-bird investment offering, which includes a discount on the valuation cap and perks, will end on February 24, 2022.

More About the Immediate Plensy™ Team: 

Founder & CEO, Sam Errama, with a 20-year mastery of applying SaaS, Data, FinTech, SEO, Marketing, and Sales to multiple global sectors, including the automotive, gold, real estate markets, and industries alike, and Muralidhar Margapuri, CTO & Co-Founder of Plensy™ who held a 20-year position as Former Vice President, Information Technology for Citigroup & Banamex Global, Project Management Professional (PMP), Certified Information Systems Security Professional (CISSP), Information Security Compliance, and Anti-Money Laundering (AML) Technology application experience. He was awarded several times at Banamex, acknowledging his and his team’s efforts of colleagues in aligning with BUSA’s Four Pillars – Fortress Controls, Client Excellence, Employee Engagement, and Shareholder Return.

Kolosky is a polymathic business and marketing leader. Her roles have included International Business Development Director, Capital Fund Raiser, and Chief Growth Officer. She is known for pushing the boundaries of B2B and B2C globally. Brandi launched her own Marketing and PR firm 10 years ago. She then worked alongside the CMO & CFO of FIA Formula1 Electric Racing and helped curate the global race series marketing, sponsors, events, cross-branding, and investor relations. Her efforts introduced a $50M investment to the organization. Soon after she was contracted to solve an energy crypto mining problem, and in that time, she invented & deployed the by-pass of flare on oil fields to power Crypto Mining Pods. January 2020, Brandi became the Managing Director of DealBox, the World’s first Venture Capital firm utilizing Blockchain technology for Digital Securities Issuance where she oversaw roughly $400m in client marketing and investment raises. February of 2021, she onboarded as a Founding Member and Chief Growth Officer for Plensy™. 

Wefunder Campaign Page: https://wefunder.com/plensy 

We are ‘testing the waters’ to gauge investor interest in an offering under Regulation Crowdfunding. No money or other consideration is being solicited. If sent, it will not be accepted. No offer to buy securities will be accepted. No part of the purchase price will be received until Form C is filed and only through Wefunder’s platform. Any indication of interest involves no obligation or commitment of any kind.