Today WealthIntel and TAS Group ("TAS") announced their execution of a Letter of Intent to join in the development of W$T's proprietary payment platform and TAS becoming strategic partner of W$T in card solutions and payment systems.
TAS, through its subsidiary in the United States, plans to develop and assist WealthIntel in the implementation of its proprietary Intelligent System Method of Payment Finance and Social Commerce named W$T and integrate it, with all required certifications, with other disruptive technology components of W$T’s groundbreaking system. Final negotiations are in progress and a complete contract is anticipated by both parties to be finalized during the summer.
"WealthIntel aims to craft and establish a pioneering payment and finance method acceptable to the public at large," said Fabrizio Boccardi, CEO and Chairman of WealthIntel, Inc. “We are excited about the prospect to develop with TAS our innovative and proprietary payment platform based on TAS’ market leading card and payment platforms ".
“TAS has been an innovator and a key player in the international Financial and Payments industries for 30 years, “ said Dario Pardi, Chairman of TAS Group. “We are keen to support and be part of WealthIntel’s plans to bring to consumers a new and potentially disruptive payment method through our state of the art technologies, such as Cashless 3.0™ Card Management products, and our proven expertise”.
WealthIntel has also trademarked and renamed its payment method W$T adding it to its roster of Trademarks.
WealthIntel is proceeding and continuing with its fundraising efforts through a Private Placement Offering of the A Round Offering.
Legion Capital America controlled by venture capital Investor Fabrizio Boccardi is providing seed capital to WealthIntel through the closing of the A Round Offering and has invested and continues to contribute funds to date.