The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 19 September 2024.
Appointments
Basware, an accounts payable (AP) automation and invoice processing company, appoints Donna Wilczek to its board of directors. Wilczek will provide guidance on product innovation and market strategy to support the evolving needs of global businesses. Currently, Wilczek serves as chief product officer at Oomnitza, an enterprise technology management company.
Token.io, a European account-to-account (A2A) payment infrastructure provider, has appointed Gideon Fourie as its new managing director (Geschäftsführer) of Token GmbH. Fourie previously served as chief financial officer and chief operating officer (DACH region) for Fiserv, and was most recently chief commercial officer at RS2.
Disputes technology platform Chargebacks911 has welcomed Mike Elliff as chief revenue officer, CEO of Europe, Middle East and Africa (EMEA), and board member. He has more than 30 years of banking and payments experience, including stints at NatWest Group and JP Morgan Chase. Elliff joins the Chargebacks911 team to help lead global expansion efforts.
Bite Investments, a global private markets software-as-a-service firm, appoints Florus Plantenga as head of client advisory. His prior experience includes working at Houlihan Lokey, Société Generale, JP Morgan and Merrill Lynch. Florus joins Bite as part of an initiative to scale its global sales team.
Ebury, the global financial technology firm, has unveiled the appointments of Maurits Zwart and Peter Brooks as global heads of sports. They will lead Ebury’s dedicated business unit focused on fostering global growth within the sports sector. Brooks will work out of Ebury’s London office with Zwart operating in Amsterdam .Ebury in the last 12 months has announced agreements with football clubs includingFulham FC, Glasgow Rangers, Servette FC, PSV Eindhoven and, most recently, AS Monaco.
More appointments
Eric Etu has joined enterprise digital documentation infrastructure company Arteria AI as its new head of product. Before joining Arteria, Etu led product for Ocrolus, a document automation fintech leveraging AI and human-in-the-loop processes for financial document analysis. Etu will lead Arteria’s global product organisation as the company continues to scale in North American and European markets.
Climate Impact X (CIX), a global carbon market solutions provider, will welcome Oi-Yee Choo as its new CEO from 21 October 2024. She will take over from interim CEO Mark Glossoti, who stepped into the role on 1 July 2024 to ease the search process and will now return to his role as chief operating officer. Mikkel Larsen, CIX’s CEO until July, will continue serving on the board as an executive director during the transition.
Duco, the enterprise platform for data automation, has named Lyuba Brouillard as chief people officer to lead the company’s HR organisation. Prior to Duco, she held the position of chief people officer at Broadway Technology, which was later acquired by Bloomberg LP. Brouillard has also served as chief people officer at TradingScreen and Ullink, and held senior leadership roles at the New York Stock Exchange and AIG.
Partnerships and collaborations
Vietnam Maritime Commercial Joint Stock Bank has signed a strategic cooperation agreement with TerraPay, a global money movement company. This collaboration will bring digital payment solutions and data capabilities to help MSB enhance efficiency and offer the best payment service experience to customers by bringing down costs and reducing transaction times.
Digital banking platform Ibanera has unveiled a collaboration with Visa. This opportunity will enable Ibanera to leverage Visa’s card issuing capabilities to support its clientele’s banking and finance needs. Ibanera’s integration with Visa’s payment network will enhance accessibility to domestic and cross-border payments for businesses and their customers. The collaboration also provides Ibanera with the scalability to grow its fintech enablement services.
Payrails, the payment operating system for global enterprises, forges a partnership with PUMA to improve the sports brand’s online shopping experience for customers. The collaboration will mean shoppers have a wider variety of payment options. PUMA will also benefit from improved payment authorisation rates and will be able to enter new markets faster while better serving existing ones.
Company updates
FE fundinfo, a financial data company connecting the asset management industry to wealth management networks in the UK, Europe and Asia Pacific, has released its enhanced Factsheet Production solution. This automated system will streamline factsheet production and distribution to FE fundinfo’s network within a single workflow.
Ecommpay is marking the launch of its new brand identity and website with a merchant promotion. The first three retail merchants to onboard and start processing payments in 2025 will qualify for free processing for the duration of 2025. Ecommpay also launched a new brand identity earlier this month, with a dedicated campaign focused on financial inclusivity.
Konsentus can now be accessed through an online portal, via a real-time API or a downloadable cache. Financial Institutions in the European Economic Area (EEA) can choose the delivery mechanism that best works for them. With the introduction of flexible access options – including an online portal, real-time API, and a downloadable cache – financial institutions now have more control and choice over how they integrate third-party provider data.
Tribe Payments, the digital payments and infrastructure orchestrator specialising in issuer and acquirer processing, has achieved ISO 27001 certification, the strongest possible global information security standard. With this globally trusted stamp of approval, Tribe assures payment ecosystem players of its operational resilience and ability to safeguard critical IT infrastructure from rapidly advancing cybersecurity threats.
allpay has been officially accredited with the Workplace Wellbeing Charter by health@work, a milestone in its ongoing commitment to enhancing employee wellbeing and fostering a supportive work environment. The Workplace Wellbeing Charter is a accreditation standard developed by health@work, which is renowned for its holistic approach to workplace health, safety and wellbeing.
Funding and investments
Rewards credit card Yonder has raised £23.4million in new funding, led by Dan Jones through Repeat (formally Jigsaw), Gareth Jefferies through RTP Global with support from Remus Brett through Latitude,
the sister fund of LocalGlobe. The raise is a significant up-round, resulting in a post-money valuation in excess of £100million. The new investment is earmarked to fund Yonder’s ambitious product, expansion and hiring plans, as it focuses on becoming the go-to rewards platform for travel, socialising and city exploration.
Swedish fintech Savr has secured additional financial investment from Incore Invest, a European investment firm focusing on growth stage investments, further deepening their ongoing partnership. The strategic investment from Incore Invest will drive Savr’s latest offering to now include equities, alongside mutual funds and with plans to add ETFs in the future.
Orb, the billing platform, announces $25million in Series B funding led by Mayfield, with participation from existing investors Menlo Ventures, Greylock Partners, South Park Commons, Basecase and Scribble Ventures and new investor Uncorrelated Ventures. The new round brings Orb’s total funding to $44.1million, and will enable the company’s growth.
The post This Week in Fintech: TFT Bi-Weekly News Roundup 19/09 appeared first on The Fintech Times.
