Voleo Chosen to Co-Create and Launch Social Trading Platform to the European Market with Helsinki-Based OP Financial
VANCOUVER, British Columbia, Dec. 03, 2018 (GLOBE NEWSWIRE) — Voleo Inc. (“Voleo”, the “Company”), is pleased to announce that Voleo is the first innovator selected to join the 2018 Wealthtech Partnership Program of OP Financial Group (“OP”) – Finland’s largest financial services group and Bloomberg Markets strongest financial institution in Europe in 2015. Voleo’s mobile-first investment platform was a standout among the top 10 FinTech finalists, competing in Helsinki, Finland, during a four-day intensive Co-alignment Week, as part of OP’s initiative to expand its capabilities in the mobile digital era.
Voleo is excited to be a part of OP Financial Group’s intense and fast digital disruption in the financial sector that is continuously attracting new market entrants and speeding up product and service development. The OP Partnership Program underscores Voleo’s success in demonstrating a collaboration between humans and technology – a personalized service enriched through the introduction of social technology, data, analytics, and artificial intelligence. Voleo demonstrated that it offers the best, accessible and collaborative stock trading app to customers, irrespective of time, place and trading experience.
Voleo’s CEO, Thomas Beattie, commented, “I am thrilled for the opportunity to collaborate with OP and its program partners, Accenture, CGI and Siili, to deliver our seamless and secure solution that empowers people to invest together in a way that’s never been possible. There is a robust future demand for mobile investing technology and Voleo is already capitalizing on the massive generational wealth transfer in North America.” Mr. Beattie added, “I would like to thank OP Financial Group for being an important example of business cooperation between FinTech innovators and the financial community, and to congratulate Responsive AI and Alkanza, as the other two companies who join us in the OP Wealthtech Partnership Program. Networking with world-renowned FinTech innovators and European capital market representatives, provides insights into new technologies and markets.”
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b325d27a-fdb8-4d39-8fc2-8dab2ba80b4f
Voleo’s Executive Chairman, Mark Morabito, commented, “I congratulate the Voleo executive team members for their outstanding performance in Finland in showcasing the advantages offered by Voleo’s platform, such as consumer engagement, retention, and an entirely new channel for customer acquisition. As we join forces to bring our technology to European markets, OP Financial Group is now an important, strategic stakeholder to Voleo.”
Voleo believes in the power of collaboration and offers investors many advantages that include:
- a solid technology – developed over four years into iOS, Android and web applications;
- a credible foundation – through collaborations with Nasdaq and TMX Group, plus as a FINRA member registered with the Securities and Exchange Commission as a broker dealer across the US; and
- sizable markets – scalability into the North American and international B2B pipeline with white-label platforms: stock, crypto currency and gaming.
Voleo has entered into an agreement, dated January 29, 2018, with Logan Resources Ltd (LGR: TSX-V) with respect to a business combination as more fully described in Logan Resources Ltd’s news release dated January 30, 2018. Further details regarding the timing for the closing of that transaction and the associated financing will be available prior to year end.
About OP Financial Group and the OP Wealthtech Partnership Program
For over 110 years, OP Financial Group has been building Finnish society to enhance national prosperity. As Finland’s largest financial services group, OP transforms the traditional finance services provider to a customer-centric services provider with financial services at the core. The OP Financial Group has three business segments: banking, non-life insurance and wealth management. The OP Wealthtech Partnership Program is a four-month intensive period for collaboration and three Co-creation Phases with pilot workshops, advisor meetings and networking. For start-ups and scaleups, the OP Partnership Program is a great pathway to the Finnish/Nordic market with a forward-looking partner that has extensive experience.
For more information about the OP Wealthtech Partnership Program, please visit https://op-lab.fi/partnership/.
About Voleo Inc.
Voleo is a Canadian mobile-focused fintech application company on a mission to make investing social through enhancing connectivity, transparency, convenience, and collaboration among investors. Voleo’s equity trading platform operates on mobile applications available on iOS and Android smartphone devices plus companion web app. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy.
For more information on Voleo, please visit our Investor Relations website at https://ir.myvoleo.com.
ON BEHALF OF THE VOLEO BOARD
Chief Executive Officer
|Voleo Inc. is part of the King & Bay group of companies. King & Bay is a merchant bank that specializes in identifying, funding, developing and supporting growth opportunities in the technology, resource, aviation, and sectors.|
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Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to future events or Voleo Inc’s (the “Company”) future performance and the integration of cryptocurrency trading. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Voleo believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this release should not be unduly relied upon. These forward-looking statements speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into this release, as the case may be. In particular, this release contains forward-looking statements pertaining, but not limited to: expectations as to future operations of the Company, future market trends, growth opportunities, the Company’s go to market strategy, the expected operations and performance of the Company’s business, impact of governmental regulation, anticipated revenues, expected user growth, expected operating costs, general administrative costs, costs of services and other costs and expenses, and the timing of key development milestones.
With respect to forward-looking statements contained in this release, the Company has made assumptions regarding, among other thing: the accuracy, reliability and applicability of the Company’s business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada and the United States; the timely commencement of operations by the Company and the success of such operations; the ability of the Company to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Company will carry on business or have operations; the impact of competition; and the availability of financing to execute the business plan. The Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release in order to provide investors with a more complete perspective on the Company’s current and future operations and such information may not be appropriate for other purposes.
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