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AlphaPoint Supports Grupo Bancolombia’s Wenia in Launching a Crypto Card

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2 years ago

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Seamless, Secure and Trusted: Wenia Users Can Now Spend Crypto Globally with the Wenia Card

NEW YORK, Nov. 22, 2024 /PRNewswire/ — AlphaPoint, a leading provider of digital asset infrastructure for fintechs, exchanges, brokerages, digital wallets, and banking, is proud to support the launch of the Wenia Card, a new crypto-backed Mastercard. This solution provides Wenia users a secure and user-friendly seamless way to spend their crypto assets in real-time at any merchant accepting Mastercard worldwide.

AlphaPoint is supporting the launch of the Wenia Card, a new crypto-backed Mastercard

The Wenia Card is powered by AlphaPoint’s advanced infrastructure, which also underpins the Wenia exchange, delivering secure, compliant, and scalable solutions. The integration allows Wenia users to effortlessly link their crypto balances to the Wenia Card, with real-time conversion of assets, including Bitcoin (BTC), Ether (ETH), stablecoins like USD Coin (USDC) and  Bancolombia’s Colombian peso-backed stablecoin, COPW, and others such as Polygon (MATIC), Solana (SOL) for use in everyday transactions.

“We are thrilled to support Wenia to enable this innovative product for their growing user base,” said Igor Telyatnikov, CEO of AlphaPoint. “As more users adopt cryptocurrency worldwide for a store of value, seamless exchange and spending of those assets at the point of sale are necessary for the best user experience. This launch demonstrates our continued belief and investment in making cryptocurrencies more accessible and usable, providing users with a seamless, trusted, and efficient way to spend their digital assets.”

AlphaPoint’s new Payment Card Solutions offering provides the ability to launch Debit and Credit Card products enabling users to use their crypto balances for purchases worldwide.

Features and benefits of the AlphaPoint card offering include:

Spend Your Crypto AnywhereAllow users to seamlessly spend their crypto balances directly from the exchange accounts, anywhere Visa or Mastercard is accepted, bridging the gap between digital assets and real world transactions.Smart ConversionAutomatically convert from multiple currency balances when one is insufficient, avoiding transaction failures due to insufficient funds and ensuring transactions are always successful.Digital Wallet EnabledCompatible with Apple Pay and Google Pay mobile wallets.Budget LimitsConfigurable spending limits for users virtual and physical cards.Institutional-Grade ArchitectureLeverage trusted, highly scalable software backed by global payment networks like Mastercard and Visa to deliver a secure, compliant, and scalable infrastructure. Grow Your User Base and Expand Revenue Channels Introduce Debit Card or Credit Card functionality to your platform to go beyond trading. Enhance user engagement while unlocking additional revenue streams through transaction fees and increased activity on platform.

Wenia, a subsidiary of Grupo Bancolombia, launched its crypto platform in May 2024 under a Class F license granted by the Bermuda Monetary Authority. Wenia aims to bridge the gap between the growing crypto market and mainstream financial solutions. The launch of the Wenia Card furthers this mission by eliminating the need for pre-conversion of crypto assets, offering users speed and convenience for transactions in their local currency or beyond.

Integrating Debit Card capabilities natively into the AlphaPoint Platform aligns with an ongoing commitment to providing cutting-edge digital asset infrastructure that enhances liquidity, scalability, and usability for financial institutions and crypto platforms worldwide.

About AlphaPoint
AlphaPoint is a global financial technology company providing digital asset infrastructure to power the next generation of fintechs, exchanges, brokerages, payment networks, and banking. Our full-suite products provide trusted, secure, scalable, and customizable solutions for trading, payments, lending, custody, and more.

AlphaPoint has enabled over 150 customers in 35 countries including the Groupo Bancolombia’s Wenia, CME Group, XP Securities, and Chivo. AlphaPoint has powered over 1 trillion in trading volume and the technology has handled billions in assets on the platform. Over the past decade, AlphaPoint has received multiple prestigious awards recognizing its innovations, exponential growth, and leading technology in the fintech and digital asset space. AlphaPoint continues to empower clients to build, launch, and operate global marketplaces and financial applications. For more information, please visit https://alphapoint.com/ and connect on LinkedIn, and X.

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SOURCE AlphaPoint Corporation

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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19 minutes ago

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July 23, 2026

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

Published

19 minutes ago

on

July 23, 2026

By

NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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19 minutes ago

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July 23, 2026

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fathom-applauds-introduction-of-the-frontier-act-the-first-federal-blueprint-for-independent-ai-verification-302833546.html

SOURCE Fathom AI Inc.

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