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Billfold Announces Completion of Seed Extension Funding led by Fran Tarkenton, BambuVentures & Inertia Ventures

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Billfold has completed a seed extension funding round led by NFL legend Fran Tarkenton, BambuVentures, and Inertia Ventures, with participation from existing investors. This funding will enable Billfold, a leading Point of Sale, Payments, and Adtech platform for live events, music venues, and sports, to continue its rapid growth and expand its innovative offerings, including the Billfold Engage marketing platform and a new loyalty program through a partnership with BambuMeta.

NEW YORK, July 24, 2024 /PRNewswire-PRWeb/ — Billfold is pleased to announce the completion of a round of funding, with investment led by NFL legend and serial entrepreneur Fran Tarkenton, BambuVentures, Inertia Ventures, and with participation from existing investors.

“Tarkenton, as an investor and strategic partner, has long worked with Billfold, a pioneering Point of Sale company that is truly transforming payments, advertising, and data analytics, while elevating customer experiences in live entertainment and sports.” – Will Adams, President at Tarkenton

Billfold is the leading Point of Sale, Payments, and Adtech platform servicing the Live Events, Music Venue, and Sports industries with its frictionless payments platform and unique brand-marketing deployment platform, Billfold Engage.

Billfold provides POS and payments infrastructure to many of the world’s leading music venues, including the Brooklyn Mirage: Avant Gardner, Echostage DC, Pier 17, and Downtown Las Vegas Events Center.

Through its Consumer Data and Adtech Platform, Engage, Billfold works with the largest brands in the world to deploy relevant, real-time marketing to event attendees before, during, and after an event.

Furthermore, by leveraging RFID payments and a 70+% attendee email entry rate, Engage collects consumers’ “golden data” for brands active onsite, including consumer spending behavior down to the transaction level and consumer contact information.

Says Martin Naughton, VP of Product at Billfold, “With Engage, we are enabling our brand partners to communicate with consumers at the most effective place: when they are about to make a purchase at the POS. This drives astounding increases in target product purchases in our A/B testing”

Billfold’s brand partners include Heineken, Liquid Death, and Uber.

Stas Chijik, founder and CEO of Billfold, believes Billfold is in a very strong position to continue growing apace. “The fact is, Live Events and Sports is one of the fastest growing sectors of the economy. A recent Goldman Sachs research paper estimated global live music net revenue growth at 25% YoY in 2023 and updated their forecast CAGR materially going forward.

We are extremely well positioned to benefit from our unique product and positioning in the space. Our partnership with BambuMeta via Bambu Ventures will enable us to rapidly deploy an extremely powerful loyalty program for our clients and brand partners. We believe this will further expand our moat versus competition and drive material monetization opportunities for us going forward”

Timothy Power, Billfold’s CFO, anticipates that the capital raised will enable Billfold to continue growing rapidly. “We’ve grown over 100% YoY through June in terms of GMV. This raise will enable us to continue growing our core business at a similar rate while opening up capacity for new, rapidly monetizable initiatives in some very exciting areas of the business, and sets the stage for a full series A in the late summer.”

The investment round was completed this month, with all three major investors expressing their excitement and commitment to the long term vision and success of Billfold.

“Tarkenton, as an investor and strategic partner, has long worked with Billfold, a pioneering Point of Sale company that is truly transforming payments, advertising, and data analytics, while elevating customer experiences in live entertainment and sports,” states Will Adams, President at Tarkenton. “With the integration of BambuMeta into Billfold, we’re further elevating experiences for our clients and their customers through customer-centric loyalty solutions to drive success for all involved.”

Further solidifying their commitment to Billfold, BambuVentures’ Richard Hearn joins the Billfold board alongside Will Adams, President of Tarkenton. He explained his decision to come on board: “BambuVentures investment reciprocates the strong vision and drive by the Executive Team towards extending the impact of Billfold to new markets and their success to date. Their unsurpassable POS product solves a problem that stands alone in an untapped market and shows incredible fit. Their AdTech additionally extends them to partner with renowned brands and improve consumer experience across their customers and turn Billfold and their partners together into a household name.”

Mike Loretz, Managing Partner at Inertia Ventures further added that “Inertia Ventures’ investment in Billfold was driven by their unparalleled ability to transform the live events and sports industries. Their innovative POS, Payments, and Adtech platform offers a revolutionary approach to consumer engagement, paving the way for unparalleled growth and success.”

Media Contact

Stas Chijik, Billfold, 415-419-4108, IR@billfold.tech, https://www.billfold.tech/

View original content:https://www.prweb.com/releases/billfold-announces-completion-of-seed-extension-funding-led-by-fran-tarkenton-bambuventures–inertia-ventures-302205376.html

SOURCE Billfold

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Eddid Financial Honored with “Professional Services Award in RWA” by HKCT Highlighting its Leading Edge in Web3 and Digital Assets

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HONG KONG, May 4, 2026 /PRNewswire/ — Eddid Financial (the “Group”) has won the “Professional Services Award in RWA” at the HKCT Business Awards, hosted by the Hong Kong Commercial Times. The award recognizes the Group’s exceptional professional service capabilities and innovative achievements in the Real-World Assets Tokenisation (“RWA”) sector. This prestigious honor serves as a strong industry endorsement of the Group’s dedicated efforts in the RWA space, affirming its leadership in bridging traditional and digital finance while injecting significant momentum into Hong Kong’s digital asset market.

The HKCT Business Awards evaluates candidates based on four core criteria: corporate achievements, market competitiveness, brand philosophy, and professional standing. As one of the most credible and influential business awards in Hong Kong, it aims to recognize outstanding enterprises across various sectors for their performance over the past year, encouraging companies to continuously enhance their core competitiveness and pioneer innovative economic directions. During this year’s selection process, the judging panel conducted a comprehensive assessment of Eddid Financial’s compliance infrastructure, innovative services, and industry contributions within the RWA sector, highly commending the Group’s professional strength and forward-looking vision in asset tokenisation.

Compliance-Driven: Building a Full-Chain Service Ecosystem

As a licensed pioneer in Hong Kong’s RWA landscape, Eddid Financial has consistently relied on compliance as its foundation and innovation as its driving force. Having deeply cultivated the digital asset space for years, the Group has established a full-chain professional service ecosystem that encompasses asset screening, product design, compliance auditing, and distribution operations. Eddid Securities and Futures, a subsidiary of the Group, became one of the first brokerages in Hong Kong to upgrade its licenses in September 2023. It subsequently secured further upgrades for its Type 1 and Type 9 regulated activity licenses, making it one of the few institutions authorized to distribute tokenised securities and RWA products. This regulatory milestone has laid a solid, compliant foundation for the Group’s RWA business operations.

Successful Launch of Landmark Precious Metal RWA Projects

In terms of practical application, Eddid Financial has actively spearheaded the launch of several landmark RWA projects, setting a new benchmark for the industry. Notably, the Group partnered with Timeless Resources Holdings Limited (8028.HK) and HashKey Chain to introduce Hong Kong’s first silver RWA project. By leveraging blockchain technology to tokenise physical silver assets, each digital coin is backed 1:1 by one ounce of physical silver, strictly held by an independent trustee. This initiative not only lowers the barrier to entry for precious metal investments but also enhances asset liquidity. The project’s product design and issuance framework received a “no further comment” reply from the Hong Kong Securities and Futures Commission (SFC), demonstrating the highest standard of compliance.

Concurrently, the Group has collaborated with CAC Fintech to advance China’s first agricultural RWA project. By converting agricultural products, land management rights, and future agricultural revenue rights into on-chain digital certificates, this project addresses critical pain points such as poor liquidity and low financing efficiency in agricultural assets. Furthermore, it supports the national rural revitalization strategy and explores novel pathways for the innovative integration of agricultural assets with financial markets.

Leading the Upgrade of the Regional RWA Industry

Beyond launching landmark projects, Eddid Financial continues to drive the ecosystem construction and market development of the RWA sector. The Group’s research department published the “Core Guide to RWA: From Basic Theory to Global Practice,” sharing its leading experience in asset tokenisation to help establish industry standards. Simultaneously, the Group has built a tripartite development model encompassing “Technology + Compliance + Ecosystem”. Internally, it has assembled a dedicated fintech team to advance underlying technologies; externally, it connects core stakeholders, including asset holders, investors, and licensed exchanges, to form a comprehensive RWA service ecosystem that provides clients with all-encompassing, one-stop professional services.

Looking ahead, Eddid Financial will continue to leverage its comprehensive licensing advantages, expert service teams, and robust technical support to drive the digital transformation of a diverse range of real-world assets. The Group is committed to delivering highly flexible, efficient, and compliant RWA services to its clients while actively supporting the standardized and international development of Hong Kong’s digital asset market, thereby cementing Hong Kong’s status as a premier global digital finance hub.

View original content:https://www.prnewswire.com/apac/news-releases/eddid-financial-honored-with-professional-services-award-in-rwa-by-hkct-highlighting-its-leading-edge-in-web3-and-digital-assets-302760892.html

SOURCE Eddid Financial

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Elevate Appoints Wade Clark as Chief Growth Officer

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Industry veteran to lead organic growth strategy across Elevate’s national platform

LOS ANGELES, May 3, 2026 /PRNewswire/ — Elevate, a national operator-led accounting and advisory platform, today announced the appointment of Wade Clark as Chief Growth Officer. Clark brings more than 30 years of experience building and leading sales organizations at top U.S. accounting and consulting firms, including Moss Adams (now Baker Tilly), BKD (now Forvis Mazars), Carr Riggs & Ingram, BDO USA, and Ernst & Young.

In this role, Clark will lead organic growth across Elevate’s partner firms, building a unified, data-driven growth function that complements the platform’s active M&A strategy and deepens advisory relationships firmwide.

Most recently, Clark spent nine years at Moss Adams, where he built and scaled the sales coaching function supporting 1,000+ partners, directors, and senior managers across 45 practices in a $1.3 billion firm. Earlier, as Chief Growth Officer at Carr Riggs & Ingram, he built the firm’s first growth function and helped drive revenue from $70 million to $100 million in three years. At BKD, he played a central role in the firm’s expansion from $190 million to $400 million, primarily through organic growth. He is the author of Meaningful Success in Business as well as Simplifying Complex Sales, reviewed by Accounting Today as one of the best books on selling professional services.

“Wade has built and led growth organizations at scale, and he knows what it takes to drive consistent, measurable results across a distributed partnership,” said Sanjay Agarwal, CEO and Founder of Elevate. “As we continue to execute on both M&A and organic growth, Wade’s ability to bring structure, accountability, and rigor to revenue generation will be a meaningful differentiator for our partner firms and their clients.”

“What attracted me to Elevate is the clarity of vision and the commitment to building a true operating platform — not just a collection of firms,” said Clark. “The opportunity to architect a scalable growth engine across a national footprint, alongside partner firms who are already leaders in their markets, is incredibly compelling.”

Clark is based in Houston, Texas, and holds a Bachelor of Business Administration in Marketing from Texas A&M University.

About Elevate

Elevate is a national accounting and advisory platform built by operators. The firm partners with leading CPA firms to provide the technology, infrastructure, and strategic support needed to drive sustainable growth, enhance client service, and unlock long-term value. Elevate’s operator-led model preserves firm autonomy while delivering the scale, talent, and technology of a unified platform.

View original content to download multimedia:https://www.prnewswire.com/news-releases/elevate-appoints-wade-clark-as-chief-growth-officer-302759917.html

SOURCE Elevate LLC

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Meiyume (Group) LTD Achieves EcoVadis Gold Rating for 2026, Reinforcing Commitment to Sustainable Beauty

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HONG KONG, May 4, 2026 /PRNewswire/ — Meiyume (Group) LTD has achieved the EcoVadis Gold rating for 2026, with the company being in the 96th percentile globally and among the top-performing companies for sustainability.

EcoVadis evaluates companies across environment, labour and human rights, ethics, and sustainable procurement. The Gold rating reflects Meiyume’s strong performance and continued commitment to embedding sustainability across its supply chain.

A supplier’s commitment to sustainability is increasingly important to brands, as they work to meet rising regulatory requirements and evolving consumer expectations for transparency and responsible practices. In this landscape, choosing the right partners is essential. Partners like Meiyume play a key role in enabling more responsible, future-ready solutions while helping to strengthen sustainability standards across the supply chain.

A Holistic Sustainability Strategy: Meiyume’s 5Ps Framework

Meiyume’s sustainability approach is guided by its 5Ps framework: Product, Process, Places, People, and Principle, ensuring a comprehensive integration across the business:

Product – Advancing sustainable innovation in formulations and packaging

Process – Strengthening responsible sourcing and supply chain practices

Places – Enhancing operational efficiency and environmental performance

People – Fostering an inclusive and supportive workplace

Principle – Upholding strong governance and compliance standards

Sustainability as an Ongoing Journey

While the EcoVadis Gold rating marks an important milestone, Meiyume views sustainability as an ongoing journey. The company remains committed to strengthening its sustainability performance and supporting beauty and personal care brands in achieving their sustainability goals.

About Meiyume:

Formerly LF Beauty, Meiyume offers end-to-end beauty solutions—packaging, ODM, OEM —grounded in sustainability and insights. Powered by it’s Beauty Intelligence Platform and a global sourcing network, Meiyume brings visions to life with agility, intelligence, and responsibility.

https://meiyume.com/
2/F HK Spinners Industrial Building, Phases I & II, 800 Cheung Sha Wan Road, Kowloon, Hong Kong

SOURCE Meiyume

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