February 23, 2022 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”), an integrated platform for digital financial services, is pleased to announce the appointment of David Thompson as Chief Financial Officer, effective immediately. Newt’s executive management continues with the goal of adding experienced team members to provide guidance and governance to maximize efficient operations and support upcoming entry into capital markets.
Mr. Thompson will oversee the Company’s financial operations in North America, strengthening its auditing processes and governance. Mr. Thompson is an established and successful executive, with over 30 years of experience in the public sector as a company director and CFO.
David Thompson currently serves as CFO and Director on a CSE (Canadian Stock Exchange) company Trillion Energy International (TCFF), and has held the position of CFO & Director at Madeira Minerals Ltd., as well as managing AMS Limited, a Licensed Corporate Service. Previously, he has worked as CEO and CFO for a number of energy-related companies and helped raise over $800 million in a number of private offerings.
Mr. Thompson also has experience working with the unbanked and non-profit sector, having founded a charity Bermuda Overseas Missions in 2003 (www.bom.bm). For his charity work, Mr. Thompson received the Queens Medal and badge of honour. Since its founding, BOM has built homes for needy families in Cochabamba, Bolivia, Mahalepi, Botswana, Cluj-Napoca, Romania, Limoeiro, Brazil, Zacapa, Guatemala and Chacala, Mexico.
“We are very pleased that Mr. David Thompson has accepted the role of CFO of Newt,” stated Steven Hoffmann, Newt’s Founder & CEO. “His role as one of our directors since the launch of the company, as well as his experience supervising our development has been beneficial. Now, joining as CFO, his track record in public companies will be valuable to the Company’s corporate goals, and his passion supporting underprivileged groups will add new insights into better understanding these markets and strengthening Newt’s commitment to its core values.”
Newt Corporation is a digital payment and financial services platform enabling enterprises to serve the large underbanked population in the Americas with digital financial products and services and access to credit. Newt provides a fairer, faster, accessible ecosystem that fills the credit accessibility gap and reshapes the way businesses and consumers save, move money and conduct commerce. The Company’s financial ecosystem offers mobile and digital bill payments, cross-border money transfers, digital wallet, prepaid stored value cards, and access to a large leading catalog of digital gift cards and subscription services. Newt’s omnichannel distribution and processing capability allows consumers to conveniently connect through mobile, web, point-of-sale and Newt branded electronic payment center kiosks located across a network of merchant locations. Newt is also bringing credit financing for small to medium sized enterprises, payroll loans for consumers, credit cards, loan financing, and other credit services for those who lack access to traditional financing.
For more information, visit www.NewtFinancial.com.
For further information, please contact:
100 King St. West, Suite 5700
Toronto, ON M5X 1C7
Certain information set forth in this news release may contain forward – looking information that involve substantial known and unknown risks and uncertainties. This forward – looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward – looking information. The parties undertake no obligation to update forward – looking information except as otherwise may be required by applicable securities law.