The Fintech Times News Roundup
Fintech Industry Roundups Trending

This Week in Fintech: TFT Bi-Weekly News Roundup 10/10

The Fintech Times Bi-Weekly News Roundup on Tuesday 10 October 2023.

Funding and investments

kennek, the London-based fintech, announces a $12.5million seed raise, led by HV Capital and supported by Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures and Syndicate One. The raise will help kennek to enlarge its tech team as well as accelerate its product roadmap. kennek also plans to expand its geographic reach into continental Europe, following the recent signing of its first client there.

raicoon, a climate-tech company, has bagged a €4million seed funding round to tap into new markets, enhance its product offering and expand the team. The funds will be used for software upgrades, a new self-service portal, a deeper presence in the US and APAC, as well as team expansion.

Appian Capital Advisory LLP, the investment advisor to long-term value focused private capital funds that invest solely in mining and mining related companies, announces the final close of its third fund. Fund III was heavily oversubscribed, raising its hard cap to $2.06billion following strong support from both large, new investors and existing top-tier investors globally.

funding roundup

Industry movers

Kani Payments, a global data reconciliation and reporting company, has appointed Mark Delaney as head of customer success, to drive the company’s client relationships and service uptake as it embarks on a period of rapid global expansion. He previously worked at at global payments solution platform EML.

ETC Group, the European provider of digital asset-backed securities, has named Chanchal Samadder as head of product to help grow the firm’s existing product suite as well as design and implement institutional-grade investment products. Chanchal has served in senior positions at abrdn, Lyxor (Amundi), Blackrock and UBS.

Stockholm-headquartered fintech Treyd appoints Colin Moss-Davies as its first chief revenue officer, as the company continues a phase of rapid growth and progress towards profitability. Moss-Davies previously spent a decade leading outbound sales for PayPal. Treyd also recently closed a $12million Series A extension to take total funding to over $25million.

Peel Hunt, the UK investment bank, hires Piya Khanna as its chief technology officer. She previously worked at Credit Agricole CIB (Corporate & Investment Bank), where she was managing director and head of the technology and process group, global markets division. Khanna replaces Peel Hunt’s current CTO, Aaqib Mirza, who will move to RetailBook, a technology platform owned and operated by Peel Hunt, as CEO once the platform is established as an independent company.

Insly, a low-code software provider to the insurance industry, has appointed Andrea Boetti as chief sales officer. Boetti brings 15 years of fintech experience to Insly, most recently as director of strategic partnerships at Boku, the mobile payments network. Boetti will be responsible for expanding and enhancing Insly’s sales capabilities, including identifying and developing new revenue streams and strategies for increasing the company’s total addressable market.

Jobs roundup

More appointments

Asset Reality, the platform that helps governments and authorities manage criminal, physical and digital assets in one place, has appointed Chris Tyrer to its board of directors. Tyrer has previously held senior roles at Fidelity Digital Assets and Barclays. The seized asset management platform also recently announced a new technology integration with digital asset custody, transfer and settlement platform Fireblocks.

Fintech provider Rauva has completed its leadership team with the appointment of a new chief risk officer, Tomas Oliveira da Silva. His last role was CRO at UK-based savings and lending bank DF Capital. His appointment comes two weeks after the Portugal-based fintech announced it had signed
an agreement to acquire 100 per cent of the shares of Banco Empresas Montepio, a Portugal-based bank.

Protecht has named Gary Lynam as its new EMEA managing director. He first joined Protecht as director of ERM advisory five years ago. Prior to Protecht, Lynam served as a risk advisory consultant to three major banks, including NatWest. Protecht recently announced its enhanced Operational Resilience module to enable businesses to minimise disruption risk and ensure good customer outcomes.

Digital money transfer company TransferGo appoints Monika Snitke as chief operations officer. Until October, these responsibilities were held by the company’s co-founder, Justinas Lasevičius, who will now act as chief product officer. Snitke also previously led the financial operations team.

Propellant.digital, the analytics fintech, has welcomed Oliver Haste as head of EMEA product. He is tasked with enhancing Propellant’s platform and each step of the client experience. Having recently overseen a series of data-related projects and MiFID II client innovations at Goldman Sachs, Haste will develop new Propellant services to help clients gain deeper insights from multiple data sources.

Partnerships

Scottish neobank Alba Bank has announced that it will migrate to Mambu‘s cloud banking platform to manage its small and medium-sized enterprise lending services, as well as its retail and business deposits. By switching to Mambu’s cloud banking platform, Alba Bank said it embrace a composable approach, enhancing its agility and speed to market.

The Abu Dhabi Businesswomen Council (ADBWC), an affiliate of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), has signed a memorandum of understanding with Takalam, which specialises in providing consultations that support mental health. The MoU comes in line with the Council’s vision for advancing the role of women in the private sector and enhancing their contribution to driving sustainable development in the Emirate of Abu Dhabi.

Regtech AMLYZE will serve Bendras finansavimas, the operator of the peer-to-peer lending and crowdfunding platform Savy, as the primary anti-money laundering prevention and compliance solutions provider. Savy platform will use AMLYZE’s all core modules, including customer risk assessment, retrospective transaction monitoring, case management, and international sanctions screening

Author

  • Claire is an experienced editor and writer with 25 years of experience in the publishing industry. As a tech journalist, Claire has covered every subject possible over the years, from the launch of broadband and next generation mobile networks to the arrival of the metaverse and Web3.

Related posts

Cayman Islands, Brazil and Chile are the First Recepiants of Hashdex’s New Staking Program

Francis Bignell

Lowering the Entry Barriers to Asian Financial Market, MPFunds Launches Funded Trader Programme

Francis Bignell

Nium and Cebuana Lhuillier Launch Mobile Remittance App in Singapore

Polly Jean Harrison