The Fintech Times News Roundup
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This Week in Fintech: TFT Bi-Weekly News Roundup 13/01

In this Thursday’s The Fintech Times Bi-Weekly News Roundup we hear that Tandem Bank is acquiring Oplo, while Global Processing Services closes and upsizes its latest fundraise.

Mergers and acquisitions

United Fintech, a fintech investor and holding company, has completed a 25 per cent minority investment in Athena Systems. Athena, operating with offices out of the US, Spain and Vietnam, services asset managers and hedge funds worldwide. In November, United Fintech also announced the acquisition of FairXchange as well as Børsen.

Tandem Bank acquires consumer lender Oplo to create ‘the UK’s fairer, greener digital bank’. Tandem Bank will have more than £1.2billion of total assets, including £230 million of green lending, £1billion of funding and more than 171,000 customers. Susie Aliker, Tandem’s CEO,  will lead the combined business, supported by Oplo founder Alex Mollart, as deputy chief executive.

Tandem leadership
Tandem CEO Susie Aliker with deputy CEO Alex Mollart
Job moves

Tier1 Financial Solutions has appointed Megan Howe as managing director, North America sales. Howe will be responsible for driving compliance software and buy-side CRM sales in North America. He will also deliver a range of client lifecycle management solutions. Prior to this, Howe was senior sales leader at Paycom.

Crypto exchange CoinDCX has named Divakar Prayaga as senior vice president & head of information security. He is the former head of cyber defence at e-commerce firm Flipkart and the VP of cybersecurity at Wells Fargo. Prayaga will now steer CoinDCX’s information security strategies and governance processes, as well as chair the information security advisory committee.

Meanwhile, Riskalyze, the risk-centric wealth management platform, has added former Morningstar veteran Tricia Rothschild to its board of directors. Rothschild was also most recently president at Apex Fintech Solutions. Riskalyze also recently welcomed Laurie Schultz as its chair.

Serena Smith
i2c appoints Serena Smith

i2c, a provider of digital payment and banking technology, appoints Serena Smith as chief client officer. Smith oversees global account management for existing and new client relationships, supporting client success and ensuring excellence in customer journeys across all product lines.

Shane Evans is named interim CEO at financial data platform MX, while founder Ryan Caldwell transitions from CEO to executive chair. Caldwell will continue to advise the company on go-to-market, product development, and long-term business growth. .

Paysend, the international payments platform, hires Jairo Riveros as MD of the US and Latin America. He will build a ‘world-class fintech team’ and secure additional regulatory approvals, licences and partnership deals across the Americas.

Meanwhile, Cloud8, the digital employee benefits platform provider, has promoted Dipa Mistry Kandola to the position of CEO. Ian Rummels, outgoing CEO of Cloud8, will transition to the role of founder in order to focus on innovation and big relationships for the business.

More job moves

LPA Group, the capital market technology and advisory firm, hires Alexander Ehmann. He is responsible for LPA’s asset management business across the UK, Ireland and the Nordics. He will also oversee sales and business development, including the rebranded Capmatix Regulations, previously known as acarda –  LPA’s platform for cross-border fund regulatory reporting.

Andrew McGill joins lender LiveMore Capital as sales operations manager, as it continues to accelerate its efforts to revitalise the mortgage market for over-50s. He will help develop the customer journey and further establishing LiveMore’s newly-opened Bristol office.

FloBiz, a Bengaluru-based fast-growing SMB neobank, appoints Rabi Agrawal as head of HR. Agrawal will lead all aspects of talent acquisition, team engagement, professional development and policy management. Meanwhile, Rob Abdur and Austin Durant join as business development managers.

BSO, a global pioneering infrastructure and connectivity provider, unveils Laurence Saunier as chief financial officer, while Virginia Petrou is named global marketing director. Petrou joins from Temenos, while Saunier comes from QuantHouse.

Fintech Nucleus Commercial Finance hires Gurinder Mandir as business development manager for the Midlands as it looks to extend its support to businesses across the UK. He joins Nucleus from Reparo Finance, where he served as senior business development manager.

Juni, the financial companion for ecommerce entrepreneurs, has named Dee Janssens as vice president of people. With Janssens at the helm, Juni aims to increase its workforce with an additional 140+ people in 2022.

Finally, Louise Chan joins fintech Ebury as its chief operating officer. She joins from HSBC where she was the head of innovation, delivery and capability development. Chan will cover product, data and regulatory reporting as well as operations. Victor Tuson Palau recently joined as chief technology officer.

Louise Chan, COO of Ebury
Louise Chan, COO, Ebury
Investments and funding

Fintech Fly Now Pay Later has closed a $75million debt funding package provided by funds managed by Atalaya Capital Management to support expansion into the US. The alternative payments provider has now raised a total of $150million. It plans to use the funding to further build out and scale its operational footprint.

Global Processing Services has closed and upsized its latest fundraise at more than $400million. Temasek and MissionOG joined the over $300million initial round, co-led by growth investors Advent International and Viking Global Investors. Gene Lockhart, chair and general partner of MissionOG, is also named as the new chair of GPS. secures $1billion in Series D. The global payments processor has reached $40billion valuation, raising total of $1.8billion to date. Primary investors include Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global and the Oxford Endowment Fund. Funds will be used for US market growth, marketplaces solution launch and to strengthen leadership in Web3.

KoinWorks, a fintech platform in Indonesia, has landed a $108million Series C funding round led by MDI Ventures. Participation also came from previous equity investors including Quona Capital, Triodos Investment Management, Saison Capital, ACV and East Ventures. The funding will be used to scale KoinWorks’ solutions and team as the company aims to hire 400 new employees globally to meet demand.

KoinworksFurther funding news

Fintech firm Tintra PLC has closed the first tranche of its $10million funding round with an initial $3million investment at a valuation of $100million. The funds will drive Tintra’s next stage of strategic growth and the build out of artificial intelligence via the development of its regtech business unit, following its new joint venture with TMC2, via its subsidiary Finsensr.

MOSTLY AI has raised a $25million Series B round led by Molten Ventures. Additional participation came from existing investors Earlybird and 42CAP, and new investor Citi Ventures. The company will use the funds to execute on its vision to build a smarter and fairer future grounded in responsible AI.

Swiss bank SEBA Bank has raised a CHF110million Series C round. Participation in the round was co-led by Altive, Ordway Selections and Summer Capital, as well as DeFi Technologies. Alameda Research and FTX also participated. The funding will help SEBA Bank further grow its headcount and expand into new markets. It will also support SEBA Bank in its development of digital asset banking services.

Company updates

Multi-asset broker Exness has outlined plans to continue to expand its presence in Africa in 2022. Exness’ strategic expansion plans will cover countries including Uganda and Rwanda. The broker recently surpassed the $1trillion mark in monthly trading volume.

Fintech startup Hydr has developed its proprietary invoice finance platform to integrate with more major cloud accounting software providers including Sage and QuickBooks. It launched exclusively with Xero in May last year. Hydr works with small businesses registered in England in Wales that sell products or services to other businesses.

DeFinity, an institutional digital asset ECN and DeFi marketplace for foreign exchange, digital assets and CBDC, announces ‘the world’s first’ settled cash FX trade written to its permissionless layer-1 WeOwn blockchain. DeFinity offers counterparties the ability to trade and record the full lifecycle of transactions on the layer-1 blockchain.


APEXX Global, the global payments platform, has introduced its payments orchestration and processing platform to the US marketplace. APEXX Global has more than 120 integrated partners and multiple enterprise clients in Europe and currently operates across more than 70 countries.

UK fintech HyperJar has added a number of proprietary new payments features to its money management app. The free app uses virtual jars to help people plan and pay for their everyday expenses and reach longer-term financial goals. One new feature lets users prevent spending with a shop or business from a specific jar.

Fintech solutions provider MonetaGo has launched operations in Japan led by Munetoshi Yamada. Most recently Yamada-san was the partner manager leading Japan’s efforts on behalf of R3, focusing on the establishment of its joint venture with SBI.

“Japan is a critical market for MonetaGo, home to some of the world’s most well-established financial institutions with operations spanning the globe. We hope to help them safeguard their global operations against fraud.”

Jesse Chenard, CEO of MonetaGo

ION’s TradAir has partnered with BlockQuake, a global regulatory-driven cryptocurrency and digital asset exchange, to improve seamless liquidity integration. Through the partnership, BlockQuake will further its vision for merging cryptocurrency and blockchain with traditional financial services.

Ideal, the decision intelligence firm, is offering its performance analytics and supervisory risk management solutions to clients trading within ION-owned Barracuda FX’s secure environment. The partnership between Ideal and Barracuda FX provides clients with turnkey access to analytics and actionable insights.

Nuapay‘s partnership with Cocoon to save car dealerships 75 per cent on payment processing fees. Along with account-to-account payments, Cocoon’s platform processes card payments with all the major acquirers. One of its partners includes Redline Specialist Cars, an independent prestige car dealer.

Detected has joined the Visa Fintech Partner Connect Program in Central and Eastern Europe, Middle East and Africa Region. Companies will be able to use Detected’s Connected Compliance API to search and locate business credit, corporate and director information from around the globe.

Meanwhile, Kharon has joined Temenos Exchange, the open marketplace of fintech solutions. The integration of Kharon’s data and analytics solutions provides Temenos customers with access to rich data insights designed to power their financial crimes and trade compliance programmes.

Marshmallow, the digital insurance provider, has partnered with the AA to deliver roadside cover for its customers. New and existing customers will now have the opportunity to add breakdown assistance to their policy, with Marshmallow Assist, powered by the AA.

Finally, Fast has forged a partnership with Marquee Brands. Following the partnership, online customers will be able to use a checkout button that completes online orders with just a click. The partnership marks another milestone in Fast’s rapid expansion into the UK market after launching in November 2021.


  • 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.

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