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This Week in Fintech: TFT Bi-Weekly News Roundup 08/08

Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 08 August 2023.

Partnerships

TrueLayer, European open banking provider, has partnered with UK mobile point-of-sale solution Lopay to offer more cost-effective payouts to the 20,000 businesses that it currently serves.

FCA-regulated investment platform Shojin has entered into partnerships with LINUS Digital Finance, a German real estate investment platform, and Reinvest24, an Estonian real estate crowdfunding platform.

Jatin Ondhia, CEO of Shojin, said “These partnerships demonstrate the digital property investment sector is maturing, with collaborations between platforms helping to consolidate market opportunities. This in turn provides greater stability for investors and a greater variety of global opportunities.”

Num Finance, an issuer of local stablecoins in Latin America, has partnered with TruBit, the all-in-one crypto platform in Latin America, to list Num Finance’s stablecoin, nARS – pegged to the Argentine peso -for users to trade securely and efficiently.

Tabit, a B2B BNPL solution provider powered by Merchant Growth, and Jifiti, a multinational embedded lending company, have partnered to serve B2B merchants in the Canadian market.

Xsolla, a global video game commerce company, and global cryptocurrency platform Crypto.com have announced a partnership for the integration of Crypto.com’s checkout solution into Xsolla’s Pay Station platform.

partnerships roundup

Industry updates

MarketAxess Holdings Inc., an operator of an electronic trading platform for fixed-income securities, has entered into a definitive agreement to acquire Pragma, a quantitative trading technology provider specialising in algorithmic and analytical services in equities, FX and fixed-income.

InComm Payments has acquired Zenda, a developer of employee health and benefits solutions to strengthening its position in the healthcare payments industry.

Fasset, a digital asset company focused on driving financial inclusion, has launched its super-app to enable people in emerging markets to invest in digital assets that have real-world value.

 e& money, the fintech arm of e& group, announced the launch of the e& money card, a digital first card for the UAE market promoting financial inclusivity and advancing the vision of fostering a cashless economy

Funding rounds and investments

Pockit, the financial super app for low-income and underserved communities, is announcing it has raised $10 million in a growth round led by Puma Private Equity.

London-based supply chain startup, Kavida.ai, has secured a further £900k investment to enhance its platform with artificial intelligence tool ChatGPT.

Resilience has announced a $100million equity financing round to accelerate its global expansion and scale the adoption of its holistic cyber risk platform, the Resilience Solution, which launched earlier this year.

Landways, a provider of integrated in-building digital and power infrastructure, has announced a significant equity investment from investment firm Newlight Partners and existing investor Columbia Capital to accelerate growth.

fintech appointments

Appointments

ConnexPay has appointed George Hansen as chief revenue officer to lead the companies next phase of growth.

WSO2, providers of digital transformation technology, announced that Prof. Dr. Frank Leymann has been named the first WSO2 Technology Fellow, the highest technical rank in the company. The title recognises the global impact that Leymann has made through his technical innovations and leadership in working with WSO2.

Islamic UK Bank, Al Rayan, has appointed Charlotte Birks as general counsel & company secretary, reinforcing its executive team to support the Bank’s strategic objectives.

Klarpay AG, a digital payments company, has announced the appointment of Markus Emödi as the chief legal & compliance officer and deputy CEO. He will play a key role in driving Klarpay’s operations forward

Digital transformation, consulting, and business re-engineering services and solutions provider, Tech Mahindra has announced the appointment of Atul Soneja as the chief operating officer to help drive scale and growth globally.

partnerships

More Appointments

FE fundinfo, a global leader in investment fund data and technology, has appointed Liam Healy as its chief executive oficer to support and accelerate FE fundinfo’s current and future growth aspirations.

Nucleus365, a UK-based payments company providing a centralised platform for global payment processing, foreign exchange, and connected banking, has appointed Daniel Mayhew as its new CEO.

Kirat Rawel joins blockchain company, Quant as head of divisional sales, responsible for designing and executing the firm’s overarching business development strategy and building out the sales function.

Cohesity, a provider of data security and management, has announced the appointment of Eric Brown as chief financial officer and Srinivasan Murari as chief development officer.

Business intelligence company Fundpath has appointed Adam Harrison as Chief Growth Officer. His appointment comes in the wake of Fundpath’s completion of a £4million late seed funding round.

Stax, the all-in-one payment technology provider, has appointmented of Paulette Rowe to CEO. In the new role, Rowe will focus on guiding growth and operational strategies across Stax’s portfolio.

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