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An Entrepreneur’s­ Journey: The Privity Way

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Overview:

Trial and tribulations are part and parcel of any entrepreneur’s journey. In this session the speaker will talk about what separates chaff from the grain.

Key Presentation Points:

Characteristics of an entrepreneur who apart from having a vision, perseverance, ability to adapt and pivot must wear humility, be articulate, focused and versatile to achieve their goals. The session will highlight journey of Privity and its portfolio company Loyyal joining prestigious Dubai Future Accelerator program.

Speaker Profile:

Sleem Hasan CEO & Founder, Privity an independent Dubai-based advisory firm that was founded in 2004. The company invests in entrepreneurs with interesting and unique ideas and helps them develop and grow. Privity is agnostic to geography and industry vertical and focuses on the quality of the entrepreneur and the compelling value proposition of the idea.

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The Loyyal journey in Dubai seen through Privity’s lens

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The Loyyal journey in Dubai seen through Privity’s lens

http://bravenewcoin.com/news/loyyal-helps-to-make-dubai-the-global-leader-in-blockchain-technology

 

Circa late November 2014, I received a call from my dear friend Sadiq

Hussain and my neighbour (we live 25 floors apart!) suggesting I meet with

his house-guest, Gregory Simon, who was in Dubai as a speaker at the first

Blockchain conference in the UAE. We met on the 30F of our building  and

after exchanging pleasantries got introduced to this almost “wunder-tech”

called Blockchain. My two maths degrees let me down initially but over the

months and several Skype calls later with Greg exercising utmost patience,

I got my epiphany moment, to which I uttered-“Greg, this is probably one of

the most exciting phenomena we are witnessing in our lifetimes since the

advent of electricity!”- a statement now indelibly imprinted in my brain.

Since then, Loyyal(fka Ribbit.me) completed a Seed round of funding, the

Dubai Government launched the Global Blockchain Council and more recently

launched the Dubai Futures Accelerators to which Loyyal got chosen as one

of the 31 inaugural cohorts. On Oct 9th at the DFA they showcased a live

demo to an audience of about 100 people and yesterday I read with humility

and delight the article above in BravenewCoin.com- needless to say, a proud

moment for Privity, hence the need to document and share this journey for

posterity.

Sleem Hasan

Loyyal helps make Dubai the global leader in Blockchain technology

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Dubai’s Crown Prince Sheikh Hamdan recently launched the Dubai Blockchain Strategy, a plan to use the technology in several different areas. The Blockchain Strategy has three main objectives, making the government more efficient, creating specialized sectors for business, and achieving global leadership.

“Dubai has sought to position itself at the forefront of the technology, and became the first government to introduce this technology in the world.” – Dubai Blockchain Technology

One of the blockchain platforms being used in Dubai is a universal loyalty and rewards system, run by New York-based blockchain startup Loyyal. The company CEO Gregory Simon officially announced the launch of the Dubai Points program on Sunday night.

Read more

Loyyal picked by Dubai Future Accelerators

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Loyyal, a Privity portfolio company, was one of the 30 companies picked by Dubai Future Accelerators out of 2274 applications from 73 countries from across the world. They started their inaugural 90- day programme on 18th September 2016.

Read more …

Unilever Foundry 50 Bring Home and Store of the Future to Lions Innovation

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Huge News!! Out of 4500 startups reviewed by Unilever, Loyyal has been selected as one of only 50 for the Unilever Foundry 50 at Cannes Lions International Festival of Creativity this month.
In conversations leading up to this announcement, Unilever senior leadership made it clear they see the unprecedented transformational impact of Loyyal’s blockchain and smart contract technology on incentivizing not just the relationship of a brand with it’s consumers but with every other participant in the entire supply chain.
A very proud moment for Team Loyyal on being selected by Unilever Foundry and even prouder moment for Privity for having identified their potential even earlier. Loyyal – a Privity portfolio company.

Read More …

 

Loyyal announces development of a blockchain based program to incentivize tourism

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Loyyal, a Privity portfolio company, today announced the development of Dubai Points, a blockchain based program to incentivize tourism, with the public backing of the Dubai Future Foundation, and as part of the Dubai Future agenda approved by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The announcement came from the Keynote Blockchain Technology Conference, which was held today in the Burj Al Arab Hotel, Dubai. Dubai Points brings a number of government bodies together with established private-sector corporations to enrich the tourist’s experience while visiting Dubai.

Using Loyyal, the first universal platform for loyalty and rewards built using blockchain and smart contract technology, Dubai Points will be earned and redeemed dynamically at participating locations based on the tourist’s unique lifestyle as well as any number of other data points such as time of day, past behaviour, location, age etc.

“This will be both the world’s first tourism incentification program and the largest scale public/private sector collaboration using blockchain and smart contract technology ever. We want Dubai to become the happiest city in the world by 2020. This program helps by giving Dubai a customizable and personal relationship with every visitor,” said Greg Simon, CEO and co-founder of Loyyal.

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Ann Camarillo to Join Loyyal’s Board of Directors

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NEW YORK, NY, May 20, 2016 – (ACN Newswire) – Loyyal Corporation today announced that Ann Camarillo, President and CEO of Boloro Global Ltd. and former CEO of Maestro and Cirrus (MasterCard), has been elected to Loyyal’s Board of Directors.

Over the course of a 20-year career at MasterCard Worldwide, Ann held various leadership positions in the United States and globally, responsible for the financial contribution of all products and services and for creating and implementing next generation revenue streams.

Ann also served as Global CEO of Maestro International and Cirrus, the largest global debit card POS and ATM networks. She created the Debit Centre of Excellence and managed the Global Debit Advisory Board with responsibility for all debit and prepaid strategy, policies, financial performance and investments.

Ann is now CEO and President of Boloro, a mobile payments processing network, facilitating fast, secure and consumer-friendly payment acceptance for online/eCommerce, in-store retail, mass-transportation, government bill payments and remittances.

“Ann is a pioneer in the financial industry, with a formidable track record, and we are excited to welcome her to Loyyal’s Board of Directors,” said Greg Simon, CEO & Co-Founder Loyyal. “We believe her strong payment network experience at global leader MasterCard will be extremely valuable as Loyyal expands around the world.”

“I am delighted to join Loyyal’s Board of Directors. Loyyal has hit the ground running. Already post-revenue, Loyyal has signed coveted brand names and is launching enhanced loyalty and reward programs with compelling features such as instant redemption and interoperability,” said Ann Camarillo. “Blockchain has powerful utility as next generation technology, and Loyyal is laser-sharp in its focus to differentiate and deliver new value in the rewards industry. They have the potential to be the underlying interoperable rewards industry network, and I look forward to helping get them there.”

Sean Dennis, COO & Co-Founder Loyyal, adds “Ann has been a close friend and supporter of Loyyal since we met, and has already been an incredible help with strategy and introductions to date. Her appointment to Loyyal’s Board of Directors only further strengthens our relationship going forward, and we are honoured to have such an outstanding individual on the Board.”

Source

 

Boloro and Loyyal are both Privity portfolio companies.

 

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Deloitte Unveils Five Blockchain Partnerships and 20 Prototypes

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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

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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