by Confia Development | Apr 18, 2022 | Press
Cannabis Industry’s Premier Technology Resource Rolls Out Payment Enhancements, Managed Escrow Services
Irvine, CA, April 18, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Confia (“Confia” or the “Company”), a leading financial technology provider offering best-in-class transaction commerce services, proprietary payments network, and financial compliance for the cannabis industry, announced today new product advancements and retail offerings, just in time for the April 20 cannabis industry holiday “420.”
Confia has rolled out key product improvements, including ConfiaPay consumer payment enhancements, B2B payment and usability enhancements, and automated accounting software system reconciliations, specifically for bill payments and invoice receipts. The planned enhancements are designed to make payments easier for its members and provide them with a more direct path to their transaction requirements, in addition to streamlined bookkeeping.
Confia has also released an industry-first managed escrow service for purchase-sale transactions for its members, which are designed to create trust and transparency across the cannabis industry.
“Our retail clients will enjoy a large boom in sales on the 420 holiday, and Confia is proud to be there to provide them with simplified easy payments, while maintaining compliance in this highly regulated industry,” said Mark Lozzi, CEO of Confia. “Our new customer enhancements will simplify the process of accounting reconciliations in an attempt to reduce duplicative entries for business operators. Financial services should be easier to access for cannabis businesses, and we look forward to assisting our customers with our simplified commerce service and payment platform.”
The ever-changing landscape of transactional commerce for the cannabis industry has propelled Confia’s growth in recent months, where it has full coverage in California, the world’s largest legalized cannabis market.
Confia also recently announced two industry leading social equity programs, with notable cannabis industry players Eaze Momentum and NCIA. Eaze’s Momentum business accelerator elevates Confia as the preferred financial services provider for their members. Confia will provide Momentum participants and alumni with preferred financial services terms, access to financial planning resources, and commerce fees of just $250 per month. In addition, Confia has financially sponsored Momentum’s grant program and hosts financial services workshops throughout the year.
NCIA’s Diversity, Equity, Inclusion Program (DEI) will oversee and validate all social equity applicants through its Social Equity Scholarship Program (SESP). NCIA operates one of the nation’s largest social equity initiatives, and all of NCIA’s verified SESP members will be eligible for Confia’s financial services platform for a fee of $250, which is an overall 50% discount.
Confia is also looking forward to announcing its first acquisition enhancing and broadening functionality for its members and allowing the Company to support traditional banks with servicing emerging markets and higher-risk activity.
For more information on Confia and to learn about the platform, visit https://www.confia.io/.
About Confia
Confia, operating as the dba for PointChain, is a financial technology platform that offers the cannabis industry transaction commerce services, a payments network, lending solutions, API-powered payment capabilities, and full-service cash management. Confia’s service hosts a best-in-class compliance program, and promotes business, transactions, and trust among members within its network. To learn more, visit www.fe-stage.confia.io.
Media Contact:
Cassandra Dowell
CMW Media
858-264-6600
pointchain@cmwmedia.com
www.cmwmedia.com
by Confia Development | Apr 12, 2022 | Press
Confia supports cannabis entrepreneurs in their efforts to overcome marijuana commerce challenges
As the go-to financial platform for cannabis businesses, Confia (“Confia” or the“Company”) is available to discuss marijuana commerce and other complexities of the industry with potential clients. The Company took the opportunity to remind interested entrepreneurs concerned about the commerce challenges the cannabis industry faces to schedule personalized consultations. Aside from providing clients with a breakdown of their financial services compliance requirements, these private consultations can help remove uncertainties as to the legal and financial position of cannabis entrepreneurs.
Mainly due to the fact that marijuana remains an illegal substance at the federal level, newcomers to the industry are faced with certain dilemmas, which Confia’s team works to help clients solve. As a unique technology platform offering comprehensive commerce and financial services for the cannabis industry, the Company has previously announced support for the federal cannabis legalization bill and acknowledged the difficulties entrepreneurs may encounter as they attempt to navigate the complexities of the industry.
Chief Executive Officer of Confia Mark Lozzi explained:“In spite of its current success and even more promising future, the cannabis industry comes with challenges of its own, one of which is that cannabis businesses do not have access to traditional commerce services. This is due to the federal regulatory regime. These circumstances may make even the most daring, most forward-thinking entrepreneurs reluctant to launch what could be a thriving business venture, and lock out traditionally underserved communities from business ownership.”
Lozzi continued:“In this industry, there are many external factors to consider, including timing, competition in the market, and access to resources. Confia is here to provide up-to-date information and valuable guidance. We have the capabilities to support ambitious cannabis businesses and facilitate their business processes through a diverse scope of secure financial services uniquely designed for the cannabis industry, with a focus on financial compliance and B2B/B2C transactions.”
“Our portfolio covers digital commerce and transaction management, bill pay, unlimited B2B payments, real-time API-powered payment solutions, as well as cannabis funding and lending solutions. The cannabis scene offers attractive growth opportunities. As the industry continues to grow exponentially, we expect the nationwide legalization trend will ultimately eliminate all these cannabis commerce and tax policy obstacles, and the SAFE Commerce Act may be the first step. But until that day comes, we are here to enable our current and future clients to maximize their business potential safely and with confidence,” Lozzi added.
About Confia
Confia, operating as the dba for PointChain, is a financial transaction platform that offers the cannabis industry digital bank-like and cash management services, bill pay, unlimited B2B payments, API-powered payment solutions that service both businesses and the consumer, and lending solutions. Confia processes payments in real time, and the platform contains ongoing compliance features and offers trusted relationships with other member companies and clients. To learn more, visit .
by Confia Development | Dec 3, 2021 | Press
Cannabis Industry’s Premier Technology Resource for Financial Services & Compliance Partners With Eaze’s Award-Winning Momentum Program to Offer Affordable Commerce Access
Irvine, CA, Dec. 02, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Confia (“Confia” or the “Company”), the leading technology platform for financial compliance, B2B/B2C transactions, and secure commerce services designed for the cannabis industry, announced today that the Company will partner with Eaze’s Momentum business accelerator as the preferred financial services provider for the program’s participants and alumni.
Launched in 2019, and now accepting applicants for its third class, Momentum cultivates the growth and success of underrepresented cannabis business founders by providing access to grants, education, and capital. Participants enrolled in the program receive a $50,000 grant, a 12-week business development program led by industry experts, and support from Eaze’s business, marketing, legal, and PR resources. After the 12-week program, participants pitch their businesses to industry-defining investors for the opportunity to raise additional funds.
“We’re thrilled to support Momentum and give back to the cannabis community by helping underrepresented founders access hard-to-find financial services,” said Confia Founder and CEO Mark Lozzi. “We are working to elevate deserving small businesses and leaders who have faced inequality and provide them with compliant and affordable financial services. This is an exciting opportunity to create a thriving ecosystem of trust for entrepreneurs building their businesses.”
“Accessing capital and commerce is a perennial challenge for cannabis entrepreneurs,” said Jennifer Lujan, Eaze’s Director of Social Impact. “Confia’s support for underrepresented founders will help Momentum participants grow and succeed. We welcome Confia to the Momentum family and thank them for their generosity.”
Under the partnership’s terms, Confia will provide Momentum participants and alumni with preferred commerce terms, access to financial planning resources, and commerce fees of just $250 per month. In addition, Confia will financially sponsor Momentum’s grant program and host financial services workshops throughout the year.
Qualification requirements to apply for the Eaze Momentum program can be found at eaze.com/momentum.
Launched in 2021, Confia’s platform takes care of all the complex compliance requirements in real time – benefitting both businesses and consumers. Confia is also currently expanding to the East Coast market with the goal of assisting cannabis businesses (and consumers) in newly operating medical and adult-use states looking to scale their operations.
For more information on Confia and to learn about the platform, visit https://www.confia.io/
About Confia
Confia, operating as the dba for PointChain, is a financial transaction platform that offers the cannabis industry digital bank-like and cash management services, bill pay, unlimited B2B payments, API-powered payment solutions that service both businesses and the consumer, and lending solutions. Confia processes payments in real time, and the platform contains ongoing compliance features and offers trusted relationships with other member companies and clients. To learn more, visit www.fe-stage.confia.io.
About Eaze
Eaze delivers good with the goods. As the nation’s largest cannabis delivery marketplace, we bring enjoyment and convenience to our customers, break down barriers to access, and cultivate community in everything we do. With nearly eight million cannabis deliveries to date, we are committed to creating a more diverse and sustainable industry through our Momentum business accelerator and Social Equity Partners Program. www.eaze.com.
Media Contact:
Cassandra Dowell
CMW Media
858-264-6600
pointchain@cmwmedia.com
www.cmwmedia.com
by Confia Development | Nov 19, 2021 | Press
Irvine, California, August 30, 2021 – Confia (“Confia” or the “Company”), the leading technology platform for financial compliance, B2B/B2C transactions, and secure commerce services designed for the cannabis industry, extends an invitation to cannabis entrepreneurs nationwide to explore its expanded offering of financial services. Inclined clients are free to consult the cannabis financial network on the resources available through Confia’s state-of-the-art platform.
The company is aware of the risks and challenges cannabis businesses face in their business activities due to the demanding regulations and strict rules imposed on the industry. Fierce dedication to helping clients overcome these issues is the driving force behind Confia’s unique, continually expanding offering of services, which includes financial compliance, B2B/B2C transactions, and secure commerce services.
“We are constantly witnessing change in the cannabis industry. Some developments are favorable, some are not. Now more than ever, cannabis entrepreneurs need stability, consistency, and knowledgeable financial guidance. That is where we come in.” said Mark Lozzi, Chief Executive Officer of Confia. ”The team here at Confia is committed to providing clients with the stable and dependable support they need to stay compliant and competitive and eliminate uncertainty. We offer a broad range of services for cannabis entrepreneurs coupled with a unique experience that no other company can provide.”
Designed For B2B and B2C transactions, Confia was born out of the vital need for cannabis-related businesses to have affordable and efficient financial services that can support the compliance and transactional complexity of the cannabis industry.
About Confia
Confia, operating as the dba for PointChain, is a financial transaction platform that offers the cannabis industry digital bank-like and cash management services, bill pay, unlimited B2B payments, API-powered payment solutions that service both businesses and the consumer, and lending solutions. Confia processes payments in real time, and the platform contains ongoing compliance features and offers trusted relationships with other member companies and clients. To learn more, visit www.fe-stage.confia.io.
Media Contact Person:
Name: Cassandra Dowell
Email: pointchain@cmwmedia.com
Organization: CMW Media www.cmwmedia.com
Address: 610 W Ash Street Ste 701 San Diego, CA 92101
Phone: 858-264-6600
by Confia Development | Nov 19, 2021 | Press
IRVINE, CA, Aug. 3, 2021 — Confia (“Confia” or the “Company”), the leading technology platform for financial compliance and secure commerce services for the cannabis industry, today announced their support for Senate Majority Leader Chuck Schumer’s legislation to decriminalize cannabis. On Wednesday, July 14, Senate Majority Leader Chuck Schumer held a news conference and unveiled draft legislation to decriminalize cannabis. Confia immediately announced its support for the federal bill to end cannabis prohibition. The final draft of the Cannabis Administration and Opportunity Act is yet to arrive on the House floor, however the company hopes cannabis will become fully decriminalized and legalized in the foreseeable future.
The newly unveiled bill drafted by U.S. Senators Schumer, Wyden and Booker aims to deschedule, tax, and regulate cannabis. As a company devoted to providing businesses in the high-risk, heavily regulated industry with access to seamless financial solutions, Confia has announced its strong support for the trio of proponents behind the reform. The company is familiar with the challenges the cannabis industry struggles with, and sees this move as a major stepping stone to fully legalized, high-quality, low-cost American-grown cannabis.
“The team at Confia applaud and support these efforts to end federal cannabis prohibition. Meaningful change like this is long overdue and a promising step toward the future. Although it may take time, we are convinced citizens nationwide are in favor of removing marijuana from the list of controlled substances so it can be properly regulated and taxed,” said Mark Lozzi, Chief Executive Officer of Confia. “Now that marijuana has been legalized in several states across the U.S., it’s time to leave federal sentences tied to cannabis possession and consumption in the past. We know it won’t be easy to get the bill through Congress, but we hope the draft will gain sufficient support.”
About Confia
Confia is a software platform that offers the cannabis industry traditional commerce and cash management offerings, bill pay services, unlimited B2B payments, API-powered payment solutions that service both businesses and the consumer, and lending solutions. Confia processes payments in real time, and the platform contains ongoing compliance features and offers trusted relationships with other companies and clients that are members. To learn more, visit www.pointchain.io.
Media Contact Person:
Name: Cassandra Dowell
Email: pointchain@cmwmedia.com
Organization: CMW Media www.cmwmedia.com
Address: 610 W Ash Street Ste 701 San Diego, CA 92101
Phone: 858-264-6600
by Confia Development | Nov 19, 2021 | Press
Company’s CEO Mark Lozzi Speaking on Cryptocurrency Panel at Premiere Commerce Conference
Irvine, CA, Sept. 07, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Confia (“Confia” or the “Company”), the leading technology platform for financial compliance, B2B/B2C transactions, and secure commerce services designed for the cannabis industry, announced today that the Company’s CEO Mark Lozzi will be a featured speaker on a cryptocurrency panel at the PBC Conference at the Capital Hilton Hotel in Washington, DC, on Sept. 10 from 1:30 p.m. ET to 2:15 p.m. ET.
The panel, entitled “Cryptocurrency payments: Highly regulated and an option,” will feature two other guest panelists and a moderator asking the guests questions in a free-flowing manner about cryptocurrency as a new payment rail that business owners can use to transfer value and also how to navigate the regulatory ambiguity of this new form of payment.
“It’s an honor to be invited to take part on this cryptocurrency panel at one of the premiere conferences for the commerce industry,” Lozzi said. “Participating and presenting as a thought leader at industry events is a priority for the company and I hope that my participation can help educate attendees about the need and opportunity for compliant innovative payment options designed to support the cannabis industry.”
PBC Conference is a leading B2B conference for payments, commerce, and compliance in the cannabis industry. The conference was created for the private sector and the government to work together to solve payments, commerce, and compliance challenges in the cannabis industry.
Commercializing its platform in 2021, Confia streamlines complex financial processes for the cannabis industry, addressing both compliance and secure payments in real time.
About Confia
Confia, operating as the dba for PointChain, is a financial transaction platform that offers the cannabis industry digital bank-like and cash management services, bill pay, unlimited B2B payments, API-powered payment solutions that service both businesses and the consumer, and lending solutions. Confia processes payments in real time, and the platform contains ongoing compliance features and offers trusted relationships with other member companies and clients. To learn more, visit www.fe-stage.confia.io.
Media Contact:
Cassandra Dowell
CMW Media
858-264-6600
pointchain@cmwmedia.com
www.cmwmedia.com
