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This Week in Fintech: TFT Bi-Weekly News Roundup 28/03

Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 28 March. 

Mergers and acquisitions

Ingenico, a payments acceptance solutions firm, has unveiled the100 per cent acquisition of Phos, a provider of software-only point of sale solutions (SoftPoS). The strategic purchase of Phos is a next step in Ingenico’s evolution towards software-driven services, following recent acquisition of Ingenico by the investment funds managed by affiliates of Apollo Global Management in September 2022.

Job moves

Digital insurance firm Breeze, which has developed an online platform specifically for logistics companies, has appointed Patrizia Kern as its chief insurance officer. Most recently, she worked at Swiss Re Corporate Solutions’ global marine division, where she headed up the unit’s cargo and hull business.

Calastone, a global funds network, has named Brian Godins as chief commercial officer. Ross Fox has moved from Singapore to the UK as managing director, head of UK and Europe, while Justin Christopher is appointed managing director, head of Asia. Additionally, Ed Lopez has moved into a newly created role as president of money market services.

Quavo Fraud & Disputes names Brittany Usher as its inaugural chief revenue officer. As CRO, Usher oversees Quavo’s marketing, sales, client success and dispute processing teams. In March 2022, Usher became the first female, non-founding member of Quavo’s executive team.

CoinFund, a web3 investment firm, appoints Jenna Pilgrim as head of portfolio growth. Pilgrim will partner with CoinFund portfolio companies to leverage the power of the firm’s capabilities and network for their most critical needs, including strategic development, team growth and further fundraising.

InspereXSM, the tech-driven fixed income and market-linked product distribution and trading firm, hires Marshall Nicholson as president of InspereX Technologies. He will focus on further developing and executing strategy for BondNav, the InspereX fixed income technology platform serving institutional investors.



CSI, a provider of end-to-end fintech and regtech solutions, has partnered with Hawk AI, a provider of anti-money laundering and fraud prevention technology for banks and payment companies. Its news products, WatchDOG® Fraud and WatchDOG® AML, create multilayered, automated oversight that monitors, detects and reports fraudulent or suspicious activity in real time.

Global payments technology company Brightwell has forged a partnership with Visa to integrate real-time payment technology into its solutions utilising ReadyRemit via Visa Direct. Through this collaboration, Brightwell customers can launch a fully managed cross-border payments program that includes compliance, tier two support and pricing management into their offerings.

Daffy, the modern platform and community for charitable giving, and Secfi, an equity planning, financing and wealth management platform, have also announced a partnership. It lets Secfi Wealth’s startup employees and executive clients to use Daffy to make donor-advised fund (DAF) contributions.

Signifyd and Adobe partner to make industry-leading fraud and abuse protection available to Adobe Commerce customers. Commerce protection provider Signifyd has achieved Platinum Partner status in the Adobe Technology Partner Program for Experience Cloud.

Fyle, an expense management platform, has launched a real-time credit card feed integration for business cards issued on the Mastercard network. With this capability, any Mastercard customer who signs up for Fyle can access real-time transaction feeds from users’ cards that enroll and provide consent to help them improve operational efficiencies and get a sharper lens on their financial numbers.

The Very Group, a UK integrated pureplay digital retailer and financial services provider, has extended its embedded marketplace partnership with Freedom Finance for a further three years, adding greater panel breadth to the service. It increases the range of credit products available to Very’s customers.


Additional partnerships

Askari Bank partners with BPC. BPC will implement its next-generation SmartVista suite to enable a credit card management system by migrating the existing solution and services. Additionally, an enterprise fraud management solution powered by AI and machine learning models will be introduced to detect and prevent fraudulent activities on Askari Bank’s digital channels.

London-based SME funder 365 Business Finance has signed a multi-year agreement to become an associate partner to Crystal Palace Football Club. Including the remainder of the 2022/23 season, the company’s branding will be visible to fans at Selhurst Park.

Finaro has teamed up with payments technology company Mastercard to deploy its European Cloud Commerce solution across key Nordic markets. Together with Nordic neobank and POS provider Northmill and NMI, Finaro’s acquiring services and cross-border expertise will support Mastercard’s cloud native software-based acceptance solution to small merchants across multiple Nordic markets.

Funding and investments

SKUx, a payments technology and consumer engagement platform, has raised $11million in Series A funding. SKUx’s Series A round was led by a strategic family office investor focused on fintech and payments and also included significant participation from Advection Growth Capital. The funding will be leveraged to help scale SKUx’s current product offerings.

Generative AI and synthetic data company Hazy bags a $9million Series A funding round. The investment is led by Conviction, with participation also from UCL Technology Fund, Microsoft, Wells Fargo and Nationwide Building Society. The investment will enable Hazy to drive expansion in the UK, US and Europe. It will also invest in product and engineering to enhance its synthetic data capabilities.

Aden Financial, a cross-border OTC assets e-trading platform for RMB assets, has raised multi-million dollar in Series A funding. The round was led by Eight Roads Ventures. The proceeds will enhance the company’s technology capabilities, strengthen its presence in Asia market, as well as enrich its access to target global regions.

TONcoin.Fund leads $1.5million seed funding for Megaton Finance to drive DeFi growth on The Open Network (TON). The funding round was joined Cypher Capital, First Stage Labs, Orbs as well as MEXC Ventures.

funding roundup


Payment security company Giesecke+Devrient has a new offering for banks to quicken the authentication and payment process to give their customers easier access to digital banking services and eliminate the need for passwords. The new solution, Convego AUTH-U, enables seamless transactions via mobile apps and across web browsers, using two factor biometric authentication via a fingerprint or facial scan.



  • 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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