The Fintech Times News Roundup
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This Week in Fintech: TFT Bi-Weekly News Roundup 10/11

Welcome to Thursday 10 November’s edition of The Fintech Times Bi-Weekly News Roundup!

Partnerships

Fintech Geidea has partnered with the Sharjah Airport Travel Agency (SATA) for payment solutions. The deal sees SATA adopt Geidea’s suite of e-commerce and POS payment solutions, enabling SATA customers to make easy payment and the business to provide services faster.

Insurance data intelligence provider Percayso Inform has teamed up with Shift Technology, a provider of AI-driven decision automation and optimisation solutions for the global insurance industry. Together they will deliver enhanced fraud detection solutions for insurance providers.

RockX, the Asia-based digital assets staking solution provider, has partnered with OKX Chain, an EVM-compatible blockchain. The partnership lets Web3 developers enjoy full access to all OKC-based protocols through RockX’s cross-chain node services.

iBanFirst chooses Fenergo to accelerate client onboarding in expansion drive. iBanFirst will automate compliance across multiple jurisdictions and accelerate client onboarding after plumping for Fenergo’s  software as a service (SaaS) client lifecycle management (CLM) solution.

Fintech partnership

Job moves

Inacta has selected Alexander Bojer as its new CEO. Inacta partners on digital transformation and innovation projects with Swiss companies including blockchain and related areas of innovation. Bojer has co-founded several technology startups and was most recently CEO at health startup Well Gesundheit.

Pie Insurance, an insurtech specialising in workers’ comp insurance for small businesses, announced three strategic leadership team hires. Rick Poulin is vice president of underwriting, Joshua Brost, vice president of marketing and  Sam Elizondo, vice president of claims operations. Pie also recently raised a $315million Series D round.

O’Melveny has welcomed bank regulatory lawyer Jarryd Anderson to its team. He joins the law firm as a partner advising on financial institutions, banks, fintech companies, as well as their investors on transactional, regulatory, supervisory and enforcement matters.

Prudential has appointed Emmanuel Mokobi Aryee as CEO for Africa to oversee the operations of Prudential in its eight African markets. The appointment, seeks to centralise Prudential’s operations in Africa as well as strengthen and grow the business in markets where it currently operates.

First Internet Bank announced Ben Rosensweet as VP, senior business development officer. The newest member of the Small Business Administration (SBA) team brings experience in finance and new business development, as well as equipment and commercial finance.

Kueski, a BNPL firm in Latin America, hires Andrew Seiz as its first VP of capital markets and investor relations. In his role, Seiz will be responsible for maintaining existing investor relationships, and educating the investment community on Kueski’s business opportunity and future growth plans.

Jobs roundup

Funding

Archax, the FCA regulated digital asset exchange, has closed a Series A raise of $28.5million. The round included abrdn, as lead strategic investor, as well as Bitrock Capital, Blockchain Coinvestors, CE Innovation Capital, Keiretsu Capital, Lingfeng Capital, Mathrix AG, SGH Capital and The Tezos Foundation.

Bowmark Capital, the mid-market private equity firm, has completed an investment in Xperience, a provider of IT services specialising in digital transformation. Xperience provides end-to-end digital solutions across a wide range of services, including managed IT, cloud, business applications and cybersecurity.

Blnk, a fintech startup that enables instant consumer credit in Egypt, has raised $23.7million in equity and debt funding and $8.3million in securitised bond issuance to accelerate financial inclusion within underserved communities across the country.

Funding roundup

Company updates

The Apex Foundation’s inaugural Purpose Beyond Service Charity Gala, hosted at the Natural History Museum was a success. 300 guests from companies including Goldman Sachs and JP Morgan raised £650,000 through pledges, donations and auction bids which will be distributed by the Apex Foundation to four charities: Blue Marine Foundation, Tusk Trust, CAMFED and WaterAid.

Author

  • Claire works across print and online as Editor for The Fintech Times.

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