The Fintech Times News Roundup
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This Week in Fintech: TFT Bi-Weekly News Roundup 27/09

In The Fintech Times Bi-Weekly News Roundup sees Toqio bag €20million in funding, while Matteo Rizzi joins the Finnovating platform.

Job moves

SigFig, the US-based enterprise financial technology firm, has promoted Dan Mercurio to its chief revenue officer role. The company also recently added to its executive bench with the hiring of Amanda LaFerriere, chief product officer and Clifford Schoeman, director of digital wealth products.

Tax Systems, the tax software supplier to accountancy firms and corporates, appoints Bruce Martin to the role of CEO, post a 12-month succession planning programme. Martin joined the company as chief finance officer in 2021 and was promoted to MD and CFO in February 2022. He now succeeds Gavin Lyons as CEO, who remains with the business as a strategic advisor and board member.

Scottish fintech Guiide has welcomed three new additions to the team after raising new investment of around ÂŁ200,000. The two new directors are Clare Hawkins, who will lead on governance and Stewart Lawrie, who will lead Guiide’s development team for the future. Additionally, Mike Robins, former partner at 3i joins as a board adviser.

Cohesity, the next-gen data management firm, has appointed Mark Molyneux as CTO in for EMEA. Molyneux will play a key role in advising how next-gen data management can help people manage, protect, secure and derive value from their data.

job hires

More job news

Matteo Rizzi joins the Finnovating platform as a senior advisor to fuel the company’s European expansion. Rizzi has two decades of experience in innovation and co-founded Innotribe at Swift. The Finnovating matching as a service platform has active companies from 121 countries.

“Having Matteo on board is double news for us. First, because he is a world leader in the fintech sector. But also because he has the same vision as us regarding the complexity of the connection between corporations, investors and startups.”

Javier Tordable, head of business development at Finnovating

Volt, the open payments gateway, has welcomed Asta Ivanauskaite as its SVP of Compliance. She joins following three years at At Volt, Ivanauskaite will build and develop Volt’s compliance function, which she describes as a “truly exciting prospect and a welcome evolution in role, scope and capability”.

Meanwhile, Router Protocol has hired cross-chain architect and developer Mankena Venkatesh as chief blockchain architect. Venkatesh will lead the design, development and deployment of Router v2, which will be a paradigm shift in cross-chain interoperability.

UK-based checkout finance platform provider Divido has appointed Helen Aboagye as chief marketing officer. Aboagye previously held marketing leadership roles at Colt Technology as well as Currencycloud. She was most recently CMO at Imagen.

Finally, fintech Zimpler names Linda Höglund as chief operating officer. She leads a newly created operations department after joining Zimpler in 2021 as a chief people officer. Parallel to her new role, Linda will also continue to develop the company’s people and culture department.


Integrated payments & mobility platform Eurowag has unveiled a partnership with JITpay, the Germany-based payment service provider specialising in logistics. This move will help Eurowag offer invoice discounting, digitalised billing and receivables management solutions. As part of the strategic partnership, Eurowag has also acquired a minority stake in JITpay.

Smart money app Plum and fintech unicorn Bitpanda have joined forces to make crypto investing available to Plum’s rapidly growing European customer base. Bitpanda’s API solution is now fully integrated with Plum’s specialised financial services app.

Digital asset custodian and blockchain technology provider Cobo has teamed up with MetaMask to form a custody solution for NFTs. This partnership aims to allow users and institutions to have a one-stop platform to manage all their NFT services.

Railsr, the embedded finance platform, is partnering with DND Finance (DND), a multinational commercial equipment finance provider, to launch the Score Credit Mastercard.  it is aimed at personal users and business owners with a less-than-perfect credit record including entrepreneurs and students.

partnerships roundup


Solvo, a new finance app for crypto-interested investors, has launched following the closure of a $3.5million seed funding round. The round was led by Index Ventures, with additional participation from CoinFund and FJ Labs. At launch, Solvo will also function as a wallet that supports the buying, selling, deposit and withdrawal of 10 cryptocurrencies.

Fintech SaaS provider Toqio has bagged €20million in funding. The Series A investment was led by AlbionVC and includes Aldea Ventures, as well as previous investors Seaya, Speedinvest, SIX FinTech Ventures. The €20M in funding also includes a €1.3million grant from The Centre for the Development of Industrial Technology (CDTI) a public organisation for technology development in Spain.

Nomura has invested in Fnality, and joined the international consortium of global banks focused on building a regulated, peer-to-peer wholesale digital asset settlement ecosystem that offers real-time, 24/7 payments and settlement of foreign exchange and securities transactions in the world’s major currencies. Fnality IS primed to lead digital assets innovation in capital markets, following investment.

Renta 4, Onyze and Allfunds Blockchain have closed the first tokenised Spanish fund in history. The three entities have collaborated, together with the CNMV, in the project within the first Spanish regulatory Sandbox. The project confirms multiple advantages of tokenization for investors, managers and investment funds
Funding roundup

More funding updates

Carbonfuture, the digital MRV platform, has raised €5.5million. The round was led by its existing investors Carbon Removal Partners, Übermorgen Ventures and WiVenture. The funding will allow Carbonfuture to further grow its presence with a focus on the US market.

SeQura, the BNPL and flexible payments platform, has closed an asset-backed agreement with Citi of up to €150million of senior financing. Existing financing partner Chenavari continues its support for SeQura, bringing the total financing potential up to €200million. This new facility will increase the company’s overall funding capacity as well as support SeQura’s international expansion across Southern Europe. It will also help drive development and launch of new, innovative payment solutions.

Company updates

Worldline, the payment services firm, is acquiring a 40 per cent stake in Online Payment Platform B.V, an online payment service provider with a dedicated payment solution for marketplaces and platforms. The remaining 60 per cent is owned by both the founder and the CEO of OPP.

Fintech platform Pomelo is preparing to support the expansion of its payment platform as a service offering with a brand uplift and a wider regional presence in Asia and Europe. The move will enable Pomelo to continue to capitalise on growing demand for digital payments which has accelerated rapidly following the Covid-19 pandemic.

Collctiv, a group payment app, is celebrating after reaching $20million in processed transactions. The community-focused fintech from Manchester is active in 88 countries, and accepting payments in 63 different currencies. It also has a community of 400,000 users, including 13,500 companies.

B2B payments company Mondu has introduced Split Payments, a solution that allows business buyers to divide their purchases into equal, interest-free payments. Mondu launched a BNPL for B2B solution for merchants and marketplaces in 2021. The company’s solutions are available to business customers in Germany and Austria, with further market expansion planned this year following Mondu’s $43million Series A investment round.


  • 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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