Connect with us

Technology

MyFO Raises $3.5M in Seed Funding to Transform Family Office Management

Published

on

The omnipresent platform redefines how the $5.9T industry operates and manage stakeholders

VANCOUVER, BC, Oct. 18, 2024 /PRNewswire/ — MyFO, the fastest growing platform for family offices and the wealth management professionals who service them, has announced the successful closing of its oversubscribed $3.5M Seed funding round, led by Rhino Ventures. The platform simplifies and organizes financial lives by creating a comprehensive family office platform that consolidates data, documents, and stakeholder management. The new injection of funds will be used to scale its operations to meet growing demand, enhance its product offerings, and expand its team.

The family office industry is growing at a substantial pace – according to recent reports, the number of family offices worldwide has surpassed 7,000, managing assets in excess of $5.9 trillion, with North America leading with over 1,682 family offices identified in the last year and yet it faces challenges due to outdated systems and fragmented technology. Predicted to generate revenues exceeding $54.7 billion by 2032, the demand for more efficient, integrated solutions is clear. However, traditional methods often result in high cost and inefficiencies, with annual expenses reaching up to $1 million.

MyFO is addressing these issues with a platform that’s designed to be extremely secure and user friendly. While many tech companies are joining the AI-hype, MyFO remains focused on its goal of thoughtful innovation. Although the platform uses the advanced technology for tasks such as data ingestion, its primary goal is to deliver a secure and intuitive solution tailored to the unique needs of family offices, particularly those with heightened concerns about privacy and data security.

“Our mission is to transform how family offices operate by providing them a platform that balances cutting-edge technology with a deep understanding of our clients’ needs,” said Simrang Kang, CEO and Co-Founder of MyFO. “We’ve seen firsthand the challenges faced by family offices using outdated systems, and our goal is to streamline their operations while ensuring their data remains secure as it is paramount to them.”

MyFO is the first tool to offer an omnipresent, end-to-end platform that integrates all aspects of family office management into one dashboard – designed to be both comprehensive and user-friendly. MyFO’s core features include an intuitive user interface, state-of-the-art analytics, scenario modeling tools, and benchmarking capabilities designed to support strategic decision-making. 

“MyFO is redefining how family offices manage their most cumbersome tasks by providing a streamlined, efficient solution. With only 16% of family offices currently using a data aggregation tool, there is a clear gap in the market, highlighting both a lack of adequate solutions and significant dissatisfaction with existing options,” said Jay Rhind, Partner at Rhino Ventures. “In such a niche and specialized category, the experience and vision of the founding team are paramount. Jon and Simran bring invaluable insights from their deep experience in the family office industry, which positions them uniquely to build the control hub for family offices. As they continue to innovate and expand the platform, we believe MyFO is poised to become the go-to solution, offering an evolving suite of services that will unlock new opportunities for families, wealth managers, and investors alike.”

Traditional client onboarding can take up to 18 months, but with MyFO, it can be completed in just a few hours. The platform seamlessly integrates real-time data from over 20,000 sources—including banks, brokerages, and private equity. MyFO provides a holistic view of a client’s assets and enhances wealth management professionals’ ability to track assets, manage documents, and offer advice.

About MyFO

MyFO is the fastest growing platform for family offices and the wealth management professionals that service them. The omnipresent, end-to-end platform is integrated with over 20,000 financial institutions across North America. MyFO redefines wealth management with its precise and efficient tools that makes asset oversight easier and improves decision-making for discerning individuals. MyFO was co-founded by Simran Kang and Jon Ricci, industry veterans committed to transforming complex financial processes into effortless interactions. For more information on MyFO, please visit https://www.myfo.tech/.

Media Contact:
Liang Zhao
Vansary for MyFO
LZ@vansary.com
505-720-6933

View original content to download multimedia:https://www.prnewswire.com/news-releases/myfo-raises-3-5m-in-seed-funding-to-transform-family-office-management-302280000.html

SOURCE MyFO

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Moravian Church Settlements — Bethlehem Hosts International Ceremony for UNESCO World Heritage Honor

Published

on

By

Representatives from the United States, Denmark, Northern Ireland/United Kingdom, and Germany Gather to Mark Historic Transnational UNESCO World Heritage Inscription of Moravian Church Settlements

BETHLEHEM, Pa., Oct. 18, 2024 /PRNewswire-PRWeb/ — On Thursday, the Bethlehem World Heritage Council and Commission along with the City of Bethlehem, Bethlehem Area Moravians, Central Moravian Church, Historic Bethlehem Museums & Sites, and Moravian University celebrated the momentous transnational inscription of the Moravian Church Settlements to the UNESCO World Heritage List.

This recognition not only honors the rich cultural and historical significance of the Moravian Church Settlements but also places Bethlehem on the world stage as a guardian of our shared human heritage.

Delegates from the United States; Christiansfeld, Denmark; Gracehill, Northern Ireland/U.K.; and Herrnhut, Germany gathered in Bethlehem for several days to take part in the official inscription ceremony and to reflect on the significance of this honor for the worldwide Moravian Church.

The celebrations included a worship service featuring the voices of the Moravian Church Settlements in addition to the official International Recognition of Inscription Ceremony followed by a press conference and delegates dinner featuring a performance from the Bach Choir.

“It is an extraordinary privilege to welcome our World Heritage friends and partners to Bethlehem for this long-anticipated inscription ceremony,” said Moravian University President Bryon L. Grigsby. “This recognition not only honors the rich cultural and historical significance of the Moravian Church Settlements but also places Bethlehem on the world stage as a guardian of our shared human heritage. Today, we celebrate a momentous milestone for the U.S., but also a shared global commitment along with our partners in Denmark, Northern Ireland, U.K., and Germany, to preserve the legacy and values of a community that has connected continents and cultures for centuries.”

Moravian Church Settlements — Bethlehem welcomed several high-ranking officials at the celebration including U.S. Ambassador to UNESCO Courtney O’Donnell, Deputy Secretary of State for Management and Resources Richard R. Verma, and Director of the World Heritage Centre Lazare Eloundou-Assomo.

“Returning to Bethlehem for such a significant event is deeply meaningful,” said Deputy Secretary of State Richard R. Verma, a former Lehigh University graduate. “The inscription of the Moravian Church Settlements as a UNESCO World Heritage Site honors their cultural and historical significance. The United States is proud to play a key role in ensuring that World Heritage protects both natural and cultural sites of outstanding value, reflecting our commitment to preserving our rich heritage for generations to come.”

Representatives from the National Park Service were also in attendance to celebrate the historic moment and participate in the presentation of the Certificate of Inscription.

Bethlehem joins a very select group of American places, including the Grand Canyon and Independence Hall, that have been named World Heritage sites because of their outstanding universal value,” said Pedro Ramos, acting National Park Service deputy director for Congressional and External Affairs. “The National Park Service, on behalf of the Secretary of the Interior, is responsible for identifying and nominating U.S. sites to the World Heritage List. It was an honor to accept the Certificate of Inscription from UNESCO and present it to the City of Bethlehem for their dedication to safeguarding these treasures.”

Moravian Church Settlements is the first transnational, serial World Heritage Site in the U.S. and is the result of a decades-long effort among Bethlehem Area Moravians, Central Moravian Church, City of Bethlehem, Historic Bethlehem Museums & Sites, Moravian University, and with the support of Northampton County and others. Moravian Church Settlements — Bethlehem is now the 26th World Heritage site in the United States and the third in Pennsylvania.

For more information, visit https://moravianchurchsettlements.org.

ABOUT MORAVIAN CHURCH SETTLEMENTS

Moravian Church Settlements is a transnational extension of Christiansfeld, a Moravian Church Settlement in Denmark founded in 1773 and inscribed on the World Heritage List in 2015. The Moravian Church is a Protestant denomination in the free church tradition centered in Herrnhut, Saxony, Germany. The extension includes three additional component parts:

Bethlehem (USA) was established in the Commonwealth of Pennsylvania in 1741. This highlights the early transatlantic dimension of the Moravian Church phenomenon during a prolific settlement-building decade and added the cultural dimension of the Moravians’ outreach to Native Americans.

Gracehill (U.K.) was founded in Northern Ireland in 1759. It represents the significance of the Moravian Church in the U.K. and exemplifies a unique series of ‘ideal’ urban plans that demonstrate a notable gender axis. This is showcased by the division of the town plan into a sisters’ side and a brothers’ side, which directly reflects the fundamental functional structure of Moravian society.

Herrnhut (Germany) is considered the ‘mother’ or ‘founding town’ of the Renewed Moravian Church. It was established in 1722 in Saxony and evolved in line with the development of Moravian theology and societal ideals. This town defined the principles of all Moravian Church settlements.

Media Contact

Craig Larimer, Moravian Church Settlements — Bethlehem, 610-360-0419, larimerc@moravianchurchsettlements.org

View original content to download multimedia:https://www.prweb.com/releases/moravian-church-settlements–bethlehem-hosts-international-ceremony-for-unesco-world-heritage-honor-302280585.html

SOURCE Moravian Church Settlements — Bethlehem

Continue Reading

Technology

Eight NCAA Division 1 Conferences team up with Soldout.com as official ticket resale marketplace sponsor

Published

on

By

AUSTIN, Texas, Oct. 18, 2024 /PRNewswire/ — Soldout.com is thrilled to announce its partnership as the official ticket resale partner for eight NCAA Division 1 conferences, who’s exclusive sponsorship and marketing rights are represented by Van Wagner College.

Eight NCAA Division 1 Conferences team up with Soldout.com as official ticket resale marketplace sponsor

This marks another significant milestone for Soldout.com as the company expands its reach in the collegiate sports arena.

“We are proud to partner with these eight conferences and expand our presence in the college sports landscape,” said Andrew Hentrich, President of Soldout.com. “This partnership offers us an exciting opportunity to engage with the dedicated college fanbase by providing them a secure, easy, and enjoyable ticketing experience.”

The conferences include the America East, Big South, The Big West, Coastal Athletic Association (CAA), Sun Belt, Southland, Western Athletic Conference (WAC) and the West Coast Conference (WCC). Collectively, the eight conferences will allow Soldout.com to reach 87 colleges and almost 10 million alumni, in addition to thousands of fans and students.

“We look forward to providing Soldout.com with valuable hours of brand building exposure around our multiple conference basketball championships, in addition to a year-round national marketing platform to reach the college fanbase,” said Mark Massari, Vice President of Van Wagner College.

As the official ticket resale marketplace sponsor, Soldout.com will provide each of the eight conferences fans with a reliable platform to buy tickets during the regular season and during each conference’s championship, including their highly visible basketball tournaments each March. 

About Soldout.com
Soldout.com is a leading online ticket marketplace, led by founder and president Andrew Hentrich, a 40-year veteran in the ticketing industry. We are a trusted partner for venues, teams, and promoters by specializing in strategic partnerships that benefit both event organizers and fans. Whether it’s concerts, sports, theater, or festivals, Soldout.com connects people to the events they love. For more information, visit Soldout.com or follow us on social media

About Van Wagner 
Van Wagner is a wholly owned subsidiary of Van Wagner Group LLC that creates, advises, and sells on behalf of world-class teams, leagues, brands, properties, and colleges. An innovator in the sports and media business, Van Wagner is a global leader in high-impact broadcast visible signage throughout the MLB, NBA, NCAA, and the highest levels of international soccer, sponsorships sales, premium ticketing, college multi-media rights, and in-venue content production at the world’s biggest sporting events. www.vanwagner.com.

Contact:
press@soldout.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/eight-ncaa-division-1-conferences-team-up-with-soldoutcom-as-official-ticket-resale-marketplace-sponsor-302280755.html

SOURCE SoldOut.com

Continue Reading

Technology

Hikvision achieves TÜV Rheinland Green Product Mark as first in LED display industry

Published

on

By

HANGZHOU, China, Oct. 18, 2024 /CNW/ — Hangzhou Hikvision Digital Technology Co., Ltd. (“Hikvision”) announced that 16 of its LED display products received the Green Product Mark certification from TÜV Rheinland—the first in the LED display industry achieving this distinction. Based on the 2 PfG E 0052/06.2024 standard, this certification highlights compliance with stringent environmental criteria. TÜV Rheinland, with over 150 years of history, is a member of the UN Global Compact and the Global Ecolabelling Network, making its certifications widely recognized.

The certified products include the CW, BW, and other series, covering various mainstream packaging technologies. They passed comprehensive evaluations in product technical compliance, restricted substances control, carbon footprint, and recyclability. Recognized for outstanding environmental performance and sustainability, these products adhere to high green standards throughout.

Hikvision’s LED products strictly follow rigorous environmental standards in material selection and production. By using eco-friendly materials, optimizing designs, implementing intelligent manufacturing, and enforcing strict quality control, the products minimize environmental impact throughout their lifecycle. Notably, the casings are made with up to 90% recycled aluminum, and packaging cartons use 100% recycled materials, significantly reducing waste.

Moreover, the new generation of Hikvision’s LED products incorporates three energy-saving technologies: flip-chip packaging, common cathode driving, and intelligent power systems. These innovations significantly reduce carbon emissions, standing out among high-energy-consuming industrial products. They also achieve a remarkable reduction in greenhouse gas emissions.

In addition to environmental features, these LED products maintain industry-leading quality. They utilize proprietary display control systems for stability and safety. Dynamic energy-saving algorithms automatically recognize high-brightness image details and adjust local brightness seamlessly, providing a comfortable viewing experience while enhancing image quality and reducing energy consumption.

Earning the TÜV Rheinland Green Product Mark certification underscores Hikvision’s commitment to green and low-carbon production. The company has consistently invested in green innovation, integrating sustainable design concepts like automation, modularization, and recyclability into product development. By focusing on the entire product lifecycle—from raw materials to end-of-life—Hikvision ensures its products meet green requirements throughout.

Looking ahead, Hikvision will continue to embed sustainability into its operations, promoting social responsibility alongside business growth.

More about Hikvision’s LED Products

All raw materials of Hikvision’s LED products undergo strict inspections, including tests for photoelectric parameters, environmental adaptability, electrical properties, stability, dimensional accuracy, material characteristics, and appearance, ensuring quality before production.

By deploying intelligent manufacturing equipment—achieving automatic SMT, assembly, aging, packaging, and warehousing—the entire process is fully automated, effectively preventing quality issues. With bases in Hangzhou and Wuhan, and over 20 automated production lines, annual production of Hikvision LED display screens exceeds 500,000 square meters.

Hikvision operates seven laboratories covering EMC, environmental testing, safety regulations, electrical performance, and more, holding certifications such as CNAS, UL, and CCC. These facilities enable LED products to undergo rigorous tests for temperature impact, salt spray, vibration, dissipation, and waterproofing, ensuring stable and reliable operation in various environments.

For more details and updates, please visit the official website of Hikvision Commercial Displays.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/hikvision-achieves-tuv-rheinland-green-product-mark-as-first-in-led-display-industry-302280693.html

SOURCE Hikvision Digital Technology Co., Ltd.

Continue Reading

Trending