Fintech
This Week in Fintech: TFT Bi-Weekly News Roundup 07/23
THE Fintech Times biweekly press review Check out the latest fintech stories from around the world on Tuesday, July 23, 2024.
Appointments
Cooker hoodthe global management and technology consultancy, has appointed Anil Nanda as a new partner and head of payments for UK and Europe, based in London. Nanda joins the senior management team within Capco’s growing UK and global banking & payments (B&P) business.
David Cox the new head of the Green Bankan ethical, sustainable and impact investment team that is part of Rathbones GroupCox joined Greenbank in 2023 and brings over 20 years of experience in the financial services industry.
Family-owned financial services partner, Bibby Financial Services (BFS) has announced new hires to accelerate the growth of its marine finance business and increase its support to the maritime industry. Marine Finance Specialists Jason Crump AND Mr. Ryan Baverstock Furthermore Chantelle Bradwell, Sales Support Manager and Sales Support Specialists Debbie Weir, Colleen Danish AND April McGhee Join the team.
Newcastle based financial consultancy firm, Lowes Financial Managementhas appointed a new chief operating officer, Claire Lockey, to its parent company Lowes Group LtdLockey joined a seven-member board of directors as part of a broader restructuring and expansion of the national practice and its services.
Boku, a global mobile payment solutions provider, has announced the appointment of Rob Whittick as the new CFO, to help strengthen Boku’s positioning as a global network for localized payment solutions.
Partnerships and collaborations
Toucha SaaS financial orchestration platform for enterprises, has partnered with Visa, a global digital payments company, providing payment solutions to businesses that by their nature do not offer financial services.
Next generation payment bank, Banking circle partner with fundraiser, a digital native funding platform, to accelerate account opening for fund managers. The partnership means that fund managers will be linked as closely as possible to national clearing systems, enabling faster account opening and offering low operating costs and fees.
ACI in the worlda real-time payment solutions provider and Global Payment, a payment processing solutions provider, has announced an extension to their long-standing partnership. The agreement will see ACI continue to provide critical infrastructure to Worldpay to support merchants around the world.
Company Updates
RC365 Joint Stock CompanyA payment solutions and financial technology company, announced that it has been granted a money lending license in Hong Kong, allowing it to provide money lending services to its customers for the first time and marking a step forward in its strategy to expand its offerings in the virtual banking sector.
Episode Six (E6), a global provider of payment processing and digital accounting infrastructure, has just announced that its innovative cloud-based payments-as-a-service solution is now available on Amazon Web Services (AWS) Marketplace. This listing will enable over 330,000 active AWS Marketplace customers to find, purchase, and deploy E6’s payment processing and digital ledger technology.
Banda financial infrastructure platform for businesses, announced a series of new products in Japan that provide more tools to reach consumers and grow 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, which will take place from 25 September to 4 October 2024. The festival promises to bring together Scotland’s dynamic and collaborative fintech community, showcasing its extraordinary growth, innovation and energy.
Financing and Investments
Apps to make money smartly, Prune has raised a total of £16m in funding: £13.4m from institutional investors, including a second tranche of investment from a strategic partner Eurobank, and another £2.7m through crowdfunding ‘Crowdcube’the most popular campaign of the year, with over 5,500 investors from across the UK and the European Union taking part.
Gcorethe global provider of AI, cloud, network and security solutions, announced that it has raised $60 million in Series A funding from institutional and strategic investors. Led by War games, and with the participation of Builder Capital AND Han River (HRZ)This is the company’s first external capital raising since its founding more than 10 years ago.
PapayaA Thailand-based omnichannel ordering and payment platform for restaurants, bars and hotels, recently raised funding in an investment round led by a venture capital firm STATE, next to A2D Ventures, to fuel business growth and expansion.
Fintech based in Egypt Pay closed a $13.5 million Series A extension round led by Argentem Creek Partners with the participation of existing investors. The funding will enable Dopay to accelerate its expansion in Egypt and expand into other markets as well.