The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 23 July 2024.
Appointments
Capco, the global management and technology consultancy, has appointed Anil Nanda as a new partner and UK & Europe head of payments, based in London. Nanda joins the senior leadership team within Capco’s expanding UK and global banking & payments (B&P) practice.
David Cox has been appointed the new head of Greenbank, an ethical, sustainable and impact investment team part of Rathbones Group. Cox joined Greenbank in 2023 and has over 20 years’ experience working in the financial services industry.
Family-owned financial services partner, Bibby Financial Services (BFS) announced new hires to boost growth in its marine finance business and grow its support for the maritime sector. Marine finance specialists Jason Crump and Ryan Baverstock, in addition to Chantelle Bradwell, head of sales support, and sales support specialists Debbie Weir, Colleen Dalais and April McGhee join the team.
Newcastle-based financial advisory firm, Lowes Financial Management, has appointed a new operations director, Claire Lockey, to its parent company Lowes Group Ltd. Lockey has joined a seven-strong board, as part of an ongoing wider restructure and expansion of the national practice and its services.
Boku, a provider of global mobile payment solutions, has announced the appointment of Rob Whittick as its new chief financial officer to help further Boku’s position as a global network for localised payment solutions.
Partnerships and collaborations
Toqio, an SaaS financial orchestration platform for businesses, has partnered with Visa, a global digital payments company, to provide payment solutions to businesses that by their nature do not offer financial services.
Next-generation payments bank, Banking Circle partners with fundcraft, a digitally-native funding platform, to speed up account opening for fund managers. The partnership means fund managers will be connected as closely as possible to national clearing schemes, enabling faster account opening and delivering low operating costs and fees.
ACI Worldwide, a real-time payments solutions provider, and Worldpay, a provider of payment processing solutions, announced an extension of their longstanding partnership. The agreement will see ACI continue to provide critical infrastructure to Worldpay to support merchants worldwide.
Company updates
RC365 Holding plc, a payment solutions and fintech company, has announced that it has gained a Money Lenders Licence in Hong Kong, which allows the company to provide money lending services to its clients for the first time and represents progress on its strategy to expand its offering into virtual banking.
Episode Six (E6), a global provider of payment processing and digital ledger infrastructure, has just announced that its innovative cloud-based solution offering payments-as-a-service, is now available on the Amazon Web Services (AWS) Marketplace. This listing will allow over 330,000 active AWS Marketplace customers to find, purchase, and deploy E6’s payment processing and digital ledger technology.
Stripe, a financial infrastructure platform for businesses, announced a range of new products in Japan that provide more tools for reaching consumers and growing revenue, domestically and abroad. Japan becomes the first market outside the US and UK to benefit from Stripe Identity.
FinTech Scotland has announced the launch of the 7th Annual FinTech Scotland Festival, running from September 25th to October 4th, 2024. The festival promises to bring together the dynamic and collaborative Scottish fintech community, showcasing its remarkable growth, innovation, and energy.
Funding and investments
Smart money app, Plum has raised a total of £16million in funding: £13.4million from institutional investors, including a second tranche of investment from strategic partner Eurobank, and an additional £2.7million via crowdfunding in Crowdcube’s most popular campaign of the year, with more than 5,500 investors from across the UK and EU participating.
Gcore, the global edge AI, cloud, network, and security solutions provider, announced it has secured $60million in Series A funding from institutional and strategic investors. Led by Wargaming, and with participation from Constructor Capital and Han River (HRZ), this marks the company’s first external capital raise since its inception more than 10 years ago.
Papaya, a Thailand-based omnichannel ordering and payments platform for restaurants, bars, and hotels, has recently secured funding in an investment round led by venture capital firm BEENEXT, alongside A2D Ventures, to fuel the companies growth and expansion.
Egypt-headquartered fintech Dopay has closed a $13.5million Series A extension round led by Argentem Creek Partners with participation from existing investors. The funding will enable Dopay to accelerate expansion within Egypt and expand to other markets as well.
The post This Week in Fintech: TFT Bi-Weekly News Roundup 23/07 appeared first on The Fintech Times.
