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Ari Squires, CEO of Profit Attraction Academy, Went from A Jail Cell to Managing Multi-Million Dollar Brands

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It’s not where you start, but where you finish that matters, and nobody knows that better than Ari Squires, CEO of Profit Attraction Academy. The energetic business mogul, brand manager, author, and international speaker, has worked with many multi-million-dollar companies and influencers. However, her path to success began in a jail cell.

As a teen growing up in Sacramento, Calif., Squires was attracted to fast money, street life, and what she perceived as power. After all, despite her father being killed when she was only two years old, he was a well-known and respected street hustler. Carrying on his legacy seemed enticing to Squires, even though, by the time she was old enough to learn about him, her mother had moved them to a better neighborhood.

“I was a straight-A student at the top of my class who lived in the suburbs,” she said. “My mom was a child psychologist and a community woman, but I was attracted to the streets because I saw how people took risks and created their own realities. I always had an entrepreneurial spirit, but I was immature and reckless.”

Despite her mother’s attempts to steer her in the right direction, Squires often found herself in trouble, landing in and out of jail for a number of years. However, her last trip behind bars is what finally opened her eyes.

“The last time I was in jail, I noticed a lot of women were like, why are you here?” Squires said. “The entire time, I was empowering them and encouraging them to see their potential and change their lives. Everyone wanted to be around me. I finally sat back and said — “maybe I should take my own advice.” My mom was done saving me, so I was homeless, sleeping on friends’ couches and in cars. But I finally figured it out. I wanted to inspire people to release their chains and live their dream life.”

Not too long after her revelation, Squires met the man who would later become her husband, and they decided to leave Sacramento. Despite her poor decisions, the good grades she earned in high school helped her to get accepted to Howard University in Washington, D.C., where she pursued TV/Film production and graduated in 2003.

From there, her life took an extraordinary turn. She created her own documentaries, No More Chains and No More Chains 2, which featured well-known actors Darrin Dewitt Henson and Isaiah Washington. She also wrote her first book, Release The Chains: A Woman’s Roadmap for Finding Strength to Reclaim her Destiny, and launched several successful businesses. That sparked a powerful movement, which has since inspired people all around the world.

Squires has delivered more than 1,000 presentations to corporations, conferences, colleges, and universities, including RE/MAX, the Boys & Girls Club, the Essence Festival, Largo Financial Services, Howard University, Old Dominion University, and many more here in the United States and South Africa. She has collaborated with individuals, such as her mentor Stedman Graham and Shark Tank’s Kevin Harrington, and mentored countless young women and girls through her non-profit, Lend-A-Hand, Uplift-A-Child Foundation, Inc.

At Profit Attraction Academy, Squires and her team partner with business owners to grow six and seven-figure brands using her customized strategies that include her “silent money method.” That method allowed her to leverage a book that sold only 200 copies into over a million dollars in profits.

“I create strategic offline and online marketing plans for my clients to follow step-by–step, which allows them to improve their brand equity and separate themselves from the competition,” Squires said. “We show them how to build value which allows them to charge premium prices.”

So far, her company has served 250 businesses, with 63 growing to six-figure earnings and four of them generating over a million dollars in revenue. Her clients are people who do not want to spend substantial money on ads, waste precious time engaging people in Facebook groups, or go through the agonizing process of developing freebies and funnels. Squires says that isn’t for everybody. Her clients find value in taking their gifts offline to attain five and six-figure paydays while maintaining an attractive online presence.

Today, Squires is planning to share more information with her audience through the release of her latest book, Become A High-Value Brand, scheduled for release this Spring. The book will offer readers a guide to building a high-value brand in 12 months that will enable them to leverage their brand equity to become highly regarded, highly referred, and highly paid. Additionally, she will be busy on the national and international speaking circuit fulfilling her goal to motivate and inspire millions.

“I want to help as many people as possible to release the chains that are holding them back from the life they desire,” Squires said. “Most people know that things are possible, but there’s a story that we’ve been telling ourselves. Sometimes, we have to tell ourselves new stories.”

Published First on GritDaily. Read Here.

Featured Image Credit: Photo by Ryutaro Tsukata; Pexels; Thank you!

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Fintech Kennek raises $12.5M seed round to digitize lending

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London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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