10 Fastest Growing Networking Companies 2016

Linkagoal –a Privity portfolio company –was featured as one of the 10.

Read more here on TheSiliconReview.com.

Building Billion Dollar Businesses – Is there a formula to forming unicorns?

Privity partner CareMerge in the news:

Asif: Yeah, I think the key thing is, in healthcare, there are so many different pieces. There are so many different providers, payers, devices, pharmaceutical, the list goes on. I think that if you’re a startup, you really need to understand who could be a good partner, could be a good channel, could be a good mentor for you and your company and help you grow in the right direction.

Read more here on Medium.com

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Deloitte Unveils Five Blockchain Partnerships and 20 Prototypes

Privity’s partner Loyyal (formerly known as Ribbit.me) in the news:

Loyyal, which raised $1.5m in venture capital when it was called Ribbit.me is building a blockchain-powered rewards platform. Piscini framed the prototype as a way to change employee behavior across a wide range of industries.

Read more here on coindesk.com

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Ribbit.me Raises $1.5 Million Seed Round

NEW YORK, NY, Feb 26, 2016 – (ACN Newswire) – Ribbit.me, a NY-based blockchain technology startup, announced that it closed a $1.5 million seed round, led by Hayaat Group, an investment company based in Dubai, with Privity FZ LLE acting as advisor.

Ribbit.me has built the world’s first universal platform for the loyalty and rewards industry using blockchain and smart contract technology. Currently, program operators such as airlines or hotels, are faced with high operational costs and outdated processes, resulting in a poor customer experience.

Ribbit.me‘s universal platform coupled with its patent-pending technology enables program operators to reduce costs by sharing a distributed ledger, thus streamlining the customer experience while more effectively managing the rewards liability.

The US loyalty and rewards market alone is $65B this year and expected to double in the next 5 years. Ribbit.me‘s vision is to remove the friction preventing program operators from working together in redemption networks by creating a single ecosystem, the LoyaltyNetwork.

“We are the first company to introduce blockchain and smart contract technology to the loyalty and rewards industry,” said Greg Simon, CEO and Co-Founder of Ribbit.me. “This funding will allow us to accelerate development by expanding our team as more behavior incentification opportunities arise beyond the traditional model.”

About Ribbit.me

Ribbit.me is reinventing how loyalty is created and rewarded. The technology allows program operators to establish multi-agent redemption networks, effectively manage program liabilities, and offer dynamic issuance/redemption options. For more information visit www.ribbit.me.

About Hayaat Group

Three decades in the Middle East and Europe has cemented Hayaat Group’s reputation as one of the premier investment companies in the region. Please visit www.hayaatgroup.com.

About Privity FZ LLE

Founded in 2004, Privity FZ LLE is an independent Dubai-based advisory firm that seeks entrepreneurs with interesting and unique ideas and helps them develop and grow. For more information, please visit www.privitylle.com.

For more information please contact:

Sean Dennis
Co-Founder & COO
sean@ribbit.me

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Dubai Museum of the Future Foundation announces launch of Global Blockchain Council

DUBAI, 17th February, 2016 (WAM) — Dubai Museum of the Future Foundation has announced the establishment of the Global Blockchain Council to explore and discuss current and future applications, and organise transactions through the Blockchain platform. Blockchain records every transaction made by the digital currency, Bitcoin.

The council will highlight the implications of this innovation on the future of business and finance sectors, and its role in facilitating transactions within the various sectors of financial and non-financial sectors as well as to increase efficiency and reliability levels.

Transactions on Blockchain can only go through if all the members approve, which limits the chances of fraud and money laundering, as the digital currency cannot be forged or damaged and can be moved across borders with ease. It also facilitates the shopping process across social media and websites.

Blockchain is defined as a digital protocol to carry out transactions and transfer money using a wide network of computers around the world, and its requirements are: the availability of digital currencies, accurate documentation, and absolute trust between all stakeholders. Blockchain can be both private and public, and enables people to choose whether to share or withhold the personal details of the stakeholders.

The establishment of the Global Blockchain Council comes in line with the efforts of Dubai Museum of the Future Foundation to promote innovation and use the next generation of technologies to enhance UAE’s position as a leading centre for innovation and knowledge economy.

Saif Al Aleeli, Chief Executive Officer of Dubai Museum of the Future Foundation, said the Council is a new step within the framework of the new generation of services for smart cities of the future, and the development of innovative solutions. It also promotes community awareness about the importance of innovation to keep up with the demands of the future, and stimulate inventions and innovations.

Al Aleeli said that several studies indicate that over the next four years the global market for digital transactions will reach US$9.5 billion, and the global investments in Blockchain technology will reach the $300 billion. He added that the significant growth in the volume of transactions using Blockchain platform during 2015, which reached 56%, refers to the great opportunities that can be utilised through the optimal application of this technology in the relevant sectors.

He also said, “The Global Blockchain Council will launch different initiatives under its umbrella to highlight and promote Blockchain and digital currencies, and explore its advantages and disadvantages. It will also draw a roadmap for best uses of this emerging technology.”

The initiatives planned by the council include an annual conference that will host high-profile individuals, workshops, awareness sessions, hackathons, and start-up conferences to connect with potential investors.

The council will help UAE authorities and corporations better understand this technology and consider its regulatory implications, and conduct pilot projects to test the readiness of markets to adopt digital currencies.

Dr. Aisha bin Bishr, Director-General of Smart Dubai Office, said, “By quickly mobilising a joint council of public and private sector stakeholders, Dubai asserts its commitment to an agile and collaborative government that embraces technology innovation to enhance quality of life for all. New technologies such as Blockchain open significant opportunities for all service providers to reshape transactions, making experiences more seamless and secure for all customers.”

“With the evolution of the digital age, every so often we witness technology so revolutionary it changes our outlook. Blockchain is such a technology that could revolutionise the way governments and companies conduct businesses. Dubai International Financial Centre is honoured to be a member of the Blockchain Technology Council of Dubai. We look forward to working closely with our colleagues on the council to explore the opportunities Blockchain technology could bring to our industry and markets,” said Arif Amiri, CEO of Dubai International Financial Centre Authority.

The first pilot project is the BitOasis project, which will be implemented by Dubai Multi Commodities Centre, DMCC, to secure flexidesk contracts and registration process using the Blockchain ledger. The second pilot project is Kraken Bitcoin Exchange, which will help DMCC catalyse Blockchain technology in select Islamic finance operations.

“The Global Blockchain Council’s role is to ensure that Dubai remains ahead of the curve and to provide ideas and guidance on how Blockchain can benefit market participants, DMCC members and ultimately contribute to Dubai’s economy,” said Ahmed bin Sulayem, Executive Chairman of Dubai Multi Commodities Centre Authority. “The Blockchain technology delivers speed, efficiency and lower transaction costs that are central to DMCC’s strategy to continuously drive innovation. It is therefore a natural next step for DMCC to play our part in not only piloting the BitOasis and Kraken Bitcoin Exchange projects, but to do everything we can to bring more projects like these to market in the future in collaboration with the Dubai Blockchain Council.”

Osman Sultan, CEO, du, also shared his thoughts, “The world is embracing innovative forms of digitisation in innovative ways, and Blockchain has the potential to lead the next revolution. Blockchain represents a timely new ecosystem of exchange involving different stakeholders, and it is not surprising to see Dubai taking the lead; history has proven that the city has been at the heart of various flows in this part of the world.”

Malek Al Malek, CEO, TECOM Business Parks, said, “Blockchain is a great example of the innovation that we are seeing across Dubai, and the latest in a series of initiatives introduced by the government to champion digital and smart technology. Pioneering innovation and the creation of new technology lie at the heart of Dubai’s innovation strategy, and we are delighted to be supporting this initiative, and look forward to working with the council to ensure it is a success.”

The council consists of 32 members, all of which are potential key players in the Blockchain industry, and are shaping the market day by day. They include government entities, international companies, leading UAE banks, free zones, and international Blockchain technology firms, including, Microsoft, Du, SAP, IBM, Cisco, TECOM, Dubai Holding, Dubai Multi Commodities Centre, EmiratesNBD, Emirates Islamic, Dubai International Financial Centre, Souq.com, Careem, Mashreq, InfoSys, Wamda, Propertyfinder.com, Kraken, BitOasis, Umbrellab, AstroLabs, YellowPay, SmartStart Fund, Etheruem, Viktor Koenig, Privity FZ, Digitus, Network Int., Michael Mainelli, Vinay Gupta, Smart Dubai Office and Dubai Smart Government.

The Blockchain market reports that the average volume of bitcoin transactions in 24 hours is $105.6 million, and the Bitcoin market cap is averaged at $6.8 billion. Bitcoin is one of the most used digital currency, others include as Ripple, Dash, and Aurocoin.

Blockchain supports more than 2 million bitcoin wallets and is supported by iOS, Android, and the web. Blockchain is available worldwide in more than 15 languages, and allows the user to send bitcoin by emails and text message, while still maintaining the user’s privacy and security.
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Boloro Selects Ribbit.me Blockchain Loyalty Solutions for its International Mobile Payments Network

NEW YORK, NY, Dec 21, 2015 – (ACN Newswire) – Boloro, the international mobile payments processing network with expanding operations across 15 countries by the end of 2016, has announced their selection of Ribbit.me‘s universal blockchain-based loyalty industry platform to provide their merchant partners with a loyalty solution.

Boloro will integrate the Ribbit.me loyalty platform, including LoyaltyNetwork(TM) and SmartRewards(TM) blockchain and smart contract technologies, into its own product offering, effectively becoming a rewards program provider to its own merchant network.

Boloro, with Ribbit.me technology, will now be able to allow all participating merchants the ability to offer their own branded rewards programs. This will give Boloro’s network of current and future merchants a significant competitive advantage, both in terms of customer loyalty and in marketing across the Boloro and broader Ribbit.me networks worldwide.

“We wanted a way to further differentiate ourselves as we enter new markets while at the same time help merchants in our network improve their revenues and customer loyalty. Adding Ribbit.me‘s revolutionary loyalty element to our mobile payments offering is the perfect fit,” said Ann Camarillo, Boloro President & CEO.

Ribbit.me‘s loyalty platform will allow Boloro to offer something that no one else currently can. Any merchant in their network can independently operate their own branded loyalty program and create dynamic redemption networks with each other at a fraction of the current cost,” said Greg  Simon, Ribbit.me Co-Founder & CEO.

About Boloro

Boloro is an international payments processing branded network that facilitates fast, secure and consumer-friendly payment acceptance for online/e-commerce, in-store retail, mass-transportation and government bill payments and remittances. Consumers are able to authorize payments using basic or smartphone without any application to download and can debit any account offered by issuers connected to the Boloro network. Boloro is presently operating across markets in South Asia, Middle East and Africa with additional markets preparing to launch in these regions as well as in Latin American & Caribbean and East Asia.

Boloro is owned and operated by Boloro Global Limited, incorporated in Delaware with headquarters in New York, USA. For more information, visit www.boloro.com.

About Ribbit.me

Ribbit.me provides a universal loyalty industry platform using distributed ledger (blockchain) technology. Ribbit.me‘s patent pending LoyaltyNetwork(TM) and SmartRewards(TM) technologies allow program operators to create and operate complex multi-agent redemption networks in a virtually frictionless environment, more actively and effectively manage total program liability, and offer dynamic and customized issuance and redemption options.

Ribbit.me is incorporated in Delaware with headquarters in New York, USA. Follow us on Facebook (facebook.com/Ribbit.me) and Twitter (@RibbitRewards), or visit at www.ribbit.me.

Media Contact:

Sean Dennis
Ribbit.me Co-Founder & COO
+1.305.432.2021
sean@ribbit.me

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Ribbit.me hires Privity to assist them with their Series A

Ribbit.me™, the creator of RibbitRewards™, the world’s first rewards program based on blockchain technology and with its own marketplace, today announced that they have hired Privity to assist them with their Series A round of funding.

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About Ribbit.me 

Ribbit.me is the only blockchain technology company focused on the $54 Billion rewards industry.  RibbitRewards is the first rewards program based on blockchain technology, the same technology Bitcoin uses.

This patent pending technology allows for the transfer of value across different rewards programs for the first time. Program operators can take rewards from the balance sheet to put on a shared ledger, turning a liability into an asset.

Ribbit.me is also set to launch Marketplace.life™, an eBay-like, p2p marketplace where merchants and shoppers benefit from the convenience of using one rewards program for all of their purchases, while earning RibbitRewards for each transaction. The marketplace is easy and free for all to use, accepting all major currencies, both fiat and digital. A percentage of RibbitRewards go to buyers, sellers and to charity

Ribbit.me is developing a retail plug-in and mobile app so that RibbitRewards can be earned on any merchant platform.

“We at Ribbit.me are pleased to have Privity as our partner as we secure our Series A round of funding,” said Sean Dennis, Ribbit.me CEO and Co-founder. “We have every confidence in Sleem Hasan and his team as they take us forward.”

Ribbit.me! USA is a U.S.-based Delaware C Corp., with headquarters in New York, USA.

Sleem Hasan, Founder & CEO Privity FZ LLE, added, ”Privity is honoured to have been appointed by Ribbit.me  as their advisor. They also are the first blockchain technology company we shall be assisting and the first portfolio partner company focused on the rewards industry.”

Kiwi

Kiwi Wearable Technologies hires Privity to assist them with their Series A

Toronto & Dubai (March 11, 2015) Kiwi Wearables, a Toronto based wearable technology company that serves as the ‘Intel Inside’ the multi-billion dollar Wearable Tech and IoT market, have hired Privity to assist them with their Series A round of funding.

About Kiwi Wearable Technologies

Kiwi is an enabler for the multi-billion dollar Wearable Technology and Internet of Things industry. Kiwi has developed proprietary motion recognition technology that enables companies to build motion based products in a matter of minutes. Kiwi technology is already being used by market leading companies in the sports vertical. It provides its customers with a full stack to quickly prototype, launch and operate a new product. Kiwi has a strong team with skill sets in Machine Learning, Embedded Development, Industrial Design and Business Management. Wearable technology is set to be a $12Bn industry, and Kiwi is already being recognized as a market leader for its accuracy, self service tools and flexible pricing.
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RMS named Kiwi Wearable Technologies as the winner of the RMS Best Vertical Disrupter award back in September 2013 at TechCrunch Disrupt 2013. RMS is the world’s leading provider of software, services, and expertise for the quantification and management of catastrophe risk. More than 400 leading insurers, reinsurers, trading companies, and other financial institutions rely on RMS solutions to quantify, manage, and transfer risk.

Sleem Hasan, Founder & CEO Privity FZ LLE, added, ” Privity is honoured to have been appointed by Kiwi as their advisor. They also are the first Canadian based entrepreneur we shall be assisting and the first portfolio partner company in the field of wearable technology and IoT(Internet of Things).”

PRIVITY LAUNCHES NEW WEBSITE

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Caremerge Award

Caremerge Wins the 2014 Chicago Social Innovator Award!

We are excited to announce that Caremerge has received the Social Innovator Award 2014 at the 13th annual Chicago Innovation Awards held at Harris Theater! Over 550 innovative companies were nominated for this award and Caremerge was announced the winner.

We would like to thank all of our friends, family and clients for their continued support – it is a tremendous honor to receive this award. We strongly believe that Chicago is an innovation hub and we’re excited to be part of it.

At Caremerge, we work hard to bring a completely new approach to solving senior living challenges that are already revolutionizing the lives of thousands of staff, residents, care providers, and families. Thank you for continuing to support our mission and for being part of this revolution!

Kind regards,
The Caremerge team