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Wavecrest and MassMutual Ventures Up Investment in Tier1 Financial
Solutions to Accelerate Development of Integrated Customer Jo...

HOUSTON (ICIS)--WaveCrest, a new US-based platform company backed by Australia-based Macquarie Capital, is looking to develop LNG regasification projects, primarily in the Americas and Asia, at a...

INTERVIEW: WaveCrest targets LNG and power opportunities

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Pole Star Receives significant growth investment from Wavecrest Partners and Abry Partners

Company will initially focus on developing, growing LNG market in Latin America and Asia
LNG storage and regasification veteran Rob Bryngelson named WaveCrest CEO
February 23, 2021 07:30 AM Eastern Standard Time
HOUSTON--( BUSINESS WIRE )--Macquarie Capital, the corporate advisory, capital markets, and principal investing arm of Macquarie Group, today announced the launch of WaveCrest Energy, LLC (“WaveCrest”), a platform that will develop, construct, own and operate liquefied natural gas (“LNG”) regasification, power and downstream infrastructure assets. WaveCrest delivers end-to-end project solutions — from early-stage development through project financing, construction and commercial operation – as well as subsequent project expansions. With flexible capital, development and financing capabilities, technical and operational expertise and physical commodity solutions, WaveCrest is uniquely positioned to integrate activities across the LNG value chain, such as: gas supply, liquefaction, LNG supply, regasification, power generation and downstream services. The company will initially focus on serving Latin American and Asian markets and seek to establish and grow market demand for natural gas by providing greater access to the relatively low-cost fuel source that also has lower carbon emissions than coal and fuel oils. It will support reduced direct emissions by enabling fuel switching to natural gas, which will serve as a natural complement to the growing penetration of renewable energy. WaveCrest is led by CEO Rob Bryngelson, former co-founder and CEO of Excelerate Energy, which pioneered the use of floating storage and regasification units. Bryngelson has over 20 years of experience in delivering successful projects and developing new markets for natural gas imports. He will blend his experience and innovation with Macquarie Capital’s deep energy infrastructure expertise, financing capabilities and Macquarie Group’s access to natural gas and LNG supply through its Commodities and Global Markets group. “Global energy demand growth, coupled with an increasing focus on climate change, positions natural gas as a key energy source in the transition to a low-carbon energy future,” Bryngelson said. “WaveCrest is designed to bring natural gas to underserved markets around the world through innovative and flexible LNG projects, delivering a cleaner fuel source for both existing and incremental needs.”
“We are excited to partner with a proven management team, with a track record of delivering innovative, industry-first solutions, to support global energy security and further enable the energy transition in developing markets around the world,” said Nicholas Gole, Senior Managing Director at Macquarie Capital. “Macquarie will lend its insights and capabilities across various aspects of energy infrastructure to help WaveCrest serve its customers and deliver on its goals.”
About WaveCrest Energy
WaveCrest Energy provides a full suite of LNG project solutions to accelerate market adoption and successfully deliver LNG projects. WaveCrest takes an integrated development approach and considers all opportunities across the LNG spectrum, from production to consumption, to bridge the gap between supply and demand. With this approach, WaveCrest can adapt to changing dynamics and tailor its solutions to unique market needs, while capturing incremental sources of value and growth while delivering reliable, sustainable and profitable LNG projects. For further information visit wavecrestenergy.com
About Macquarie Capital
Macquarie Capital is the corporate advisory, capital markets and principal investment arm of Macquarie Group. Macquarie Capital has been a pioneer and global market leader in the infrastructure sector for over three decades. Macquarie Capital’s Energy Principal team provides flexible capital across the project lifecycle of energy infrastructure projects, from development through operations, to unlock value and enable growth. Macquarie Capital currently has over $25 billion of infrastructure projects currently under construction or development. For further information visit www.macquarie.com

Innovative LNG Platform WaveCrest Energy Launches to Deliver Natural Gas to Underserved Markets

Visa (NYSE:V) is a global,payments technology company that connects consumers, businesses, financial institutions, and governments to fast, secure, and reliable electronic payments. The company operates VisaNet, a processing network with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit, or set rates and fees for consumers; however, Visa's innovations enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid, or pay later with credit products.

Visa

Visa , the $ 270 billion financial service provider and credit card network , has terminated its partnership with Wave Crest , a Gibraltar-based digital payment processing company , effectively disabling bitcoin and cryptocurrency debit cards.All of the bitcoin and cryptocurrency debit card service providers including TenX , Xapo , Coins.ph , Bitwala , BitPay , and CryptoPay have been affected by the crackdown of Visa on Wave Crest.Cryptocurrency debit card service providers have been relying on Wave Crest and its Visa partnership to process cryptocurrency payments.The immediate termination of partnership between Visa and Wave Crest led to the abrupt closure of cryptocurrency debit card services provided by many companies in the cryptocurrency sector.Users of Xapo , TenX , BitWala , and BitPay , which amount to several millions , have been told that they will no longer be able to utilize their cryptocurrency debit cards.Xapo , which has been operating one of the most widely utilized bitcoin debit card platforms , told its users in an official statement that it will explore new methods the company can implement to revive its cryptocurrency debit card venture .

Visa Crackdown on Bitcoin and Cryptocurrency Debit Cards, No Big Impact | #VentureCanvas

Banking Circle’s financial infrastructure is built for Payments businesses and Banks.Payments businesses and Banks of any scale can seize opportunities in the new economy with their technology. The company delivers the global banking services needed, quickly, at low cost, compliantly, and securely.

Banking Circle

Home Capital Group is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company and Home Trust’s subsidiary Home Bank. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and Home Bank offer deposits via brokers and financial planners, and through a direct-to-consumer deposit brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.

Home Capital

Ubiquity is a provider of Business Process Outsourcing (BPO) solutions. The company provides solutions including live customer support services, interactive voice response solutions (IVR), multichannel real-time servicing, and a variety of physical correspondence services to clients in a variety of industries.

Ubiquity

WaveCrest

TxVia

WildCard Systems

Worldview Systems

E2open

Neoforma

Wave Crest

Circuit City Stores

Blackhawk Network

EWI Holdings

Funding Date

Pre-Money Valuation

Post-Money Valuation

Amount Raised

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

Board Voting

Par Value

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

Payments

Track and capture company information and workflow.

Fintech

Series E

WaveCrest provides digital payment solutions to corporations and governments worldwide, focusing on specialized corporate payments markets and cross-border remittances. Programs include business-to-business payouts, employee, student and taxpayer disbursements, mobile wallets, prepaid cards, lottery payments, pre-defined and custom offerings. WaveCrest Holdings Limited in Europe is a regulated e-money issuer and a principal member of MasterCard and Visa EU. WaveCrest Payment Services of the Americas is a FinCEN-registered prepaid access provider, and an issuer of Discover Network prepaid cards.

Name	Brian McLoughlin
Firm
Work History
Other Seats	WaveCrest

Name	Work History	Title	Status
Anne P Kortlander	TxVia, WildCard Systems, and Visa	Senior Vice President	Current
Bhagwan D Goel	Worldview Systems, E2open, and Neoforma	Chief Executive Officer	Former
Gary Palmer	Wave Crest, FIS, and Circuit City Stores	President	Former
Miles Paschini	Blackhawk Network, and EWI Holdings	President, Chief Operating Officer, Chief Revenue Officer	Former
Robert P.	FIS, and WildCard Systems	Chief Operating Officer	Former

Name	Anne P Kortlander	Bhagwan D Goel	Gary Palmer	Miles Paschini	Robert P.
Work History	TxVia, WildCard Systems, and Visa	Worldview Systems, E2open, and Neoforma	Wave Crest, FIS, and Circuit City Stores	Blackhawk Network, and EWI Holdings	FIS, and WildCard Systems
Title	Senior Vice President	Chief Executive Officer	President	President, Chief Operating Officer, Chief Revenue Officer	Chief Operating Officer
Status	Current	Former	Former	Former	Former

Wells Fargo Success Story

3M Success Story

Platform Overview

WaveCrest

Executives

Board of Directors

WaveCrest Board of Director

WaveCrest Management Team

5 Team Members

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