Travelex

Travelex Joins InsureMyTrip.ca’s Growing Travel Insurance Offerings in Canada

Retrieved on: 
Tuesday, February 6, 2024
Partnership, VTC, Travelex, Insurance, Travel, Car rental

Toronto, Canada, Feb. 06, 2024 (GLOBE NEWSWIRE) -- InsureMyTrip , Canada’s rapidly growing travel insurance comparison website, is excited to announce the addition of Travelex Insurance Services Canada Inc. to its portfolio of travel insurance providers.

Key Points: 
  • Toronto, Canada, Feb. 06, 2024 (GLOBE NEWSWIRE) -- InsureMyTrip , Canada’s rapidly growing travel insurance comparison website, is excited to announce the addition of Travelex Insurance Services Canada Inc. to its portfolio of travel insurance providers.
  • InsureMyTrip’s Canadian travellers now have the opportunity to select travel protection plans provided by Travelex, part of the Zurich family of global brands.
  • This new partnership further enhances InsureMyTrip.ca’s commitment to delivering a comprehensive range of insurance options catering to the diverse needs of Canadian travellers.
  • “Adding Travelex to our platform marks another significant stride in our mission to provide Canadians with a diverse range of travel insurance coverage options, empowering them to make well-informed choices regarding their travel insurance needs.”
    The newly launched InsureMyTrip.ca is set to become the premier destination for travel insurance comparisons in Canada.

Travel Edge recognizes Travelex for exceptional service

Retrieved on: 
Thursday, December 21, 2023
Travelex, Travel, Insurance, Ensemble

Travel Edge, North America's largest luxury-focused travel agency, with more than 750 independent travel advisors, planners, and experts, announced the award during its recent member networking event in Las Vegas.

Key Points: 
  • Travel Edge, North America's largest luxury-focused travel agency, with more than 750 independent travel advisors, planners, and experts, announced the award during its recent member networking event in Las Vegas.
  • This recognition underscores Travelex's commitment to exceptional service as voted on by Travel Edge employees.
  • "We are immensely proud to receive this award from Travel Edge," said Shannon Lofdahl, Travelex President and CEO.
  • "We are so pleased to recognize Travelex with this award in recognition of their exceptional service and unwavering dedication to not only clients of Travel Edge, but to the travel industry overall."

EQS-News: Buy back new money notes & stapled ordinary shares

Retrieved on: 
Tuesday, November 7, 2023
TIL, Buyback, Sterling, Security (finance), Travelex

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Further to the announcement published by Travelex on 27 September 2023 regarding the initiation of the process to buy back the Sterling new money notes issued by Travelex (the "Sterling Notes") and the ordinary shares of Travelex International Limited ("TIL") which are stapled to such Sterling Notes (the "Stapled Shares") (together, the "Buybacks"), Travelex is pleased to announce the completion of the Buybacks.
  • The Buybacks involved approximately £12 million of the £90 million which Travelex raised pursuant to the refinancing of its previous senior facilities agreement being utilised to have: (1) Travelex repurchase the Sterling Notes from each holder of Sterling Notes participating in the Buybacks pro rata to each participating holder's holding of Sterling Notes; and (2) TIL repurchase the Stapled Shares at par value.

Travelex announces VP of sales, Matt Seymour

Retrieved on: 
Wednesday, November 1, 2023
Travelex, CWT, Insurance, Growth, Negotiation, COVID, US Airways, Travel, Airline, United Airlines

OMAHA, Neb., Nov. 1, 2023 /PRNewswire/ -- As the U.S. travel industry continues to recover, Travelex Insurance Services Inc. has named Matt Seymour vice president of sales across the business.

Key Points: 
  • OMAHA, Neb., Nov. 1, 2023 /PRNewswire/ -- As the U.S. travel industry continues to recover, Travelex Insurance Services Inc. has named Matt Seymour vice president of sales across the business.
  • "The travel industry really bounced back this year, creating new opportunities for Travelex, so Matt is joining us at the optimal time," said Shannon Lofdahl, President and CEO at Travelex.
  • "I'm excited to join the Travelex team and to learn more about the insurance aspects of the industry," Seymour said.
  • I'm proud to be part of Travelex and its mission to protect travelers wherever they are in the world."

UK Fintech Gemba Chooses ThetaRay for its AML Program to Support Global Growth

Retrieved on: 
Tuesday, October 3, 2023
Data Management, Banking, Technology, Professional Services, Payments, Security, Other Technology, Software, Artificial Intelligence, Fintech, Finance, Neobank, Female gendering of AI technologies, JVP, Microsoft, Multimedia, AML, Gemba, SONAR, Growth, AI, Financial management, ThetaRay, Cryptocurrency, Medical device, Travelex

View the full release here: https://www.businesswire.com/news/home/20231003132688/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231003132688/en/
    “As Gemba expands globally, it is critical that we reduce regulatory exposure, meet global standards and expectations as well as provide flexibility and agility to the compliance team,” said Alexander Legoshin, CEO of Gemba Finance.
  • Gemba’s platform enables companies or communities to create a new bank online in under one day without coding, compliance, and infrastructural headaches.
  • Gemba's all-in-one online banking and payment gateway solution is fast, reliable, and secure, and designed to help users launch their own neobank quickly and easily.
  • ThetaRay recently announced a $57 million round led by Portage Ventures, JVP and others to spur on further growth following 10x client growth and 5x ARR growth in less than two years.

EQS-News: Travelex Issuerco 2 Plc: Buy back new money notes and stapled shares

Retrieved on: 
Wednesday, September 27, 2023
Sterling, TIL, Security (finance), Travelex

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Travelex has raised £90 million under the New SFA and, pursuant to the terms of the New SFA, £12 million of this £90 million has been made available to conduct the proposed Buybacks.
  • Travelex and TIL will shortly be contacting each of the holders of the Sterling new money notes issued by Travelex (the "Sterling Notes") and the ordinary shares of TIL stapled to such Sterling Notes (the "Stapled Ordinary Shares") regarding the Proposed Buybacks, which are anticipated to involve: (1) Travelex repurchasing the Sterling Notes held by each holder of Sterling Notes pro rata to each holder's holding of Sterling Notes; and (2) TIL repurchasing the Stapled Ordinary Shares at par value.

EQS-News: Travelex Issuerco 2 Plc: Refinancing of existing senior facilities agreement

Retrieved on: 
Monday, September 25, 2023
Travelex, Security (finance), Bank

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Under the New SFA, Travelex has raised £90 million which is to be used to repay and cancel in full all amounts outstanding under the Existing SFA and for other general corporate purposes.
  • Certain funds which have been raised under the New SFA may also be utilised for a buyback of the new money notes issued by the Company and the ordinary shares of Travelex International Limited which are stapled to such new money notes and Travelex will be making further announcements regarding the process for such buybacks shortly.

EQS-News: Travelex Issuerco 2 Plc: Refinancing of current senior facilities agreement

Retrieved on: 
Saturday, September 16, 2023
Travelex, SFA, Security (finance), Commercial property

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Travelex is pleased to announce a proposed refinancing of its existing senior facilities agreement (the "Existing SFA") (the "Refinancing") and that it will shortly be launching the relevant consent solicitation processes to seek the relevant consents required in connection with the Refinancing.
  • The Refinancing will involve Travelex entering into a new senior facility agreement (the "New SFA").
  • The New SFA will raise £90 million, which is to be used for purposes including the repayment and cancellation in full of all amounts outstanding under the Existing SFA and for general corporate purposes.

ThetaRay, the Leader in Next Generation AI-Powered Secure Global Payments, Raises $57 Million to Continue Unlocking Business Opportunities for Banks and FinTechs

Retrieved on: 
Tuesday, September 5, 2023
Professional Services, Payments, Data Analytics, Technology, Software, Fintech, Artificial Intelligence, Financial services, JVP, Head, Bank, Multimedia, OurCrowd, AML, Investment, Risk, Growth, Mashreq (bank), ThetaRay, Cryptocurrency, Management, Travelex

The investment, totaling $57 Million, will enable ThetaRay to accelerate global growth plans and capitalize on significant market demand as Banks and FinTechs urgently look to replace legacy tools with next-generation financial crime detection technology.

Key Points: 
  • The investment, totaling $57 Million, will enable ThetaRay to accelerate global growth plans and capitalize on significant market demand as Banks and FinTechs urgently look to replace legacy tools with next-generation financial crime detection technology.
  • Photo Credit: Alon Talmor
    ThetaRay recently appointed Peter Reynolds – who had spearheaded the company’s growth as Chief Revenue Officer - as CEO.
  • Global trade has suffered from payment networks becoming risk averse, seeing global interbank corridors reduce by 40%, causing global payments to become hard to complete, unpredictable and costly.
  • ThetaRay turns this trajectory on its head, and ushers in financial inclusion, unlocking business across regions and industries.