Papaya Global Promotes C-Level Execs to Support Enterprise Client Growth
Connecting the dots in FinTech... European News
Connecting the dots in FinTech... Join the slack community --> https://marcelvanoost.com/slack
ARTICLE OF THE WEEK
As the digital commerce sector continues to grow and expand in many platforms, Chief Financial Officers (CFOs) are finding their roles increasingly intertwined with technological innovation and financial complexity.
Here is the first of three articles highlighting the FinTechs providing solutions for e-commerce companies, from well-established scale-ups to new startups to watch.
?? NEWS HIGHLIGHT
Papaya Global, the ultimate Workforce Payroll and Payments platform, announced new C-level promotions: ?Benny Vazana to Chief Business Officer and Avi Shauli to Chief Research and Development Officer. The promotions reflect the company’s continued expansion and positioning for future growth.
As Chief Business Officer, Benny Vazana will be responsible for overseeing and optimizing business operations at Papaya Global. He will lead strategic planning and business development to drive growth.
?? ARTICLE
??INSIGHTS
NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS
?? FINTECH HIGHLIGHTS
?? London FinTech Curve apologises over terms of service error.
?? London-based FinTech Viable raises €2.8 million.
?? Turkish FinTech Colendi secures $65M.
?? Experian Acquires Strategic Stake In Reward.
FINTECH
Jaja Finance launches Gen AI chat assistant. The new service, ‘Airi’, uses Amazon Bedrock, a fully managed service from Amazon Web Services (AWS) that offers a choice of high-performing foundation models (FMs).
领英推荐
PubMatic has teamed up with Klarna to help the payments and shopping assistant company scale its native advertising inventory. The companies are rolling out the integration in the U.S. first, and then in Europe.
Visa and EBRD sign Memorandum of Understanding to boost digital payments, SMEs and female empowerment. The partnership aims to promote sustainable and inclusive economic growth and other countries in the EBRD’s region by supporting digitalization and financial inclusion.
Zilch reached 4 Million Customers in 44 Months, and generated these customers over $500 million in savings along the way.
TotallyMoney moves into car finance. TotallyMoney has announced the launch of TotallySure for car finance, putting customers in the driving seat when applying, with pre-approval, guaranteed rates, loan amounts and terms.
Ireland Licenses FinTech Firm Ramp Network as Virtual Asset Service Provider. The Central Bank of Ireland has approved Ramp Network, a financial technology firm building payment rails connecting cryptocurrency to the global financial system, as a Virtual Asset Service Provider.
PAYMENTS
Revolut is planning to launch a new payment terminal for large companies in a push to increase its market share among business customers. The payment terminal will be rolled out in the second half of this year.
SumUp delivers direct debits. This new feature responds directly to merchant feedback, with surveys showing that the overwhelming majority of UK adults (90%) utilise direct debit for at least one regular payment.
Nexi and orderbird launch new payment platforms for ISVs in Germany. The platform enables them to manage their business more efficiently, centred around a one-of-a-kind onboarding experience that accelerates the activation of merchant accounts for card payment processing to under 48 hours.
Scalapay, a Buy Now, Pay Later (BNPL) platform in Southern Europe, and Adyen announced the start of a strategic partnership that opens up new opportunities in the payments landscape.
Finastra partners with LGT to provide instant payment services in Austria and Liechtenstein. LGT will deploy Finastra’s payment hub using a model bank implementation approach to expedite its compliance with the EU instant payments regulatory timeline.
United Payment Became The First And Only Turkish Company To Receive The E-money License In Azerbaijan. With this licence, United Payment has gained the right to open an account, electronic money (wallet) and Virtual POS services.
OPEN BANKING
Capital on Tap Partners with Plaid in the UK for Streamlined SME Underwriting. Together, these features and benefits mark a significant step forward in how UK SMEs access and manage their finances.
CRYPTO
WisdomTree's Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) exchange-traded products are expected to list on the LSE to professional investors on May 28.
DONEDEAL
Amsterdam-based WeTicket, an all-in-one marketing platform specialising in ticket sales, has raised €750K from Arnout Schuijff, Adyen co-founder and former CTO.
Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion. Vitesse targets insurance companies with an all-in-one treasury and payment management platform, replete with connections to a network of clearing systems designed to streamline international payments.
Capchase Secures €105 Million from Deutsche Bank to Support Flexible Financing for SaaS Companies in Europe. The new financial backing empowers Capchase to expand its support for UK and European SaaS businesses through Capchase Grow.
Ex-Revolut employees have launched Zeal, a DeFi wallet and crypto debit card that allows users to spend cryptocurrencies directly on everyday purchases. The launch follows a strategic partnership and $2 million investment from Gnosis, which aims to seamlessly integrate Web3 financial rails into existing payment experiences.
Just over a year after HSBC Holdings acquired the UK unit of Silicon Valley Bank (SVB) for ￡1 (US$1.27), wealthy customers from Hong Kong and the rest of Asia are keenly exploring investment opportunities in tech start-ups, according to a senior HSBC executive.
Investment In Growth Ambitions Of Open Banking Platform Enablenow . After obtaining the Payment Service Directive2 (PSD2) permit in mid-2022, EnableNow has made great strides with its focus on the Dutch market.
Danish FinTech Ageras raises EUR 82 million for new acquisitions. The round is a private placement totaling EUR 82 million and is oversubscribed with overwhelming commitments from both new and existing investors.
M&As
Fabrick, an Open Finance operating company, continues to execute its international growth and consolidation strategy in a growing market, and announces agreement to acquire finAPI GmbH, one of the leading German operators of Open Finance solutions.
FE fundinfo acquires German FinTech Dericon. This is FE fundinfo’s seventh acquisition in just over three years, with recent dealss including fund distribution service Adjuto in September 2023 and French data provider Funds360 in February 2024.
MOVERS & SHAKERS
Mangopay has strengthened its team in the UK and Ireland with the appointment of Jonathan Greenland as a new Sales Director. Jonathan joins to increase Mangopay’s market share through establishing relationships with key clients while maximising business opportunities.
Team8 Onboards NEXT Insurance Co-Founder Alon Huri as New Managing Partner to Drive FinTech Innovation. He will also develop growth and online marketing strategies for Team8’s portfolio companies, integrating AI-based technologies that add significant value to Team8’s venture creation methodology.