This week in Fintech: TFT Bi-Weekly News Roundup 15/12
welcome to Fintech Times Bi-Weekly News Roundup Thursday, November 15, 2022.
Partnership
Paysafeits cash arm viafintech has entered into a new partnership with Germany’s third largest bank ING Germany. More than nine million ING customers can make cash deposits or withdrawals from their current account at participating retailers across the country. The new cash feature, known as ‘ING Cash’ (locally known as ING Bargeld), is available in ING’s ‘Banking to Go’ app.
Fennel economy strikes Events for trade monitoring on new ESG-focused equity investment platform. Fennel launched its mobile equity investment app in mid-November, providing ESG data and ratings within the app. The firm has chosen to deploy the Eventus Validus platform for all of its trade monitoring activities.
Phos has added open banking as a payment option to its software-only payment acceptance solution after a partnership with Nupay. It enables phos partners to provide instant bank transfers in the SoftPoS application for merchant customers. Nuapay is EML’s open banking operation.
Zurich-based provider of digital financial services bob finance has migrated the entire lending portfolio to Mambu’s cloud-based banking platform. This migration included a move to a locally based Google Cloud. As bob Finance further establishes itself in the lending market, it needed a platform hosted in Switzerland that meets internal and external partner standards.
priming, the code-free automation platform for digital payments, collaborates with new look, the fashion retailer. With Primer, New Look can onboard, maintain and automate dozens of new payment tools, ranging from payment service providers and fraud tools.
More partnerships
Tempo France, a Paris-based money transfer company, has partnered with Sum sub, a global all-in-one verification platform. The partnership helps Tempo France stay fully compliant with regulations while offering its global customers a seamless onboarding experience.
Cashless payments working together with eUPP, a fee payment management system for schools and colleges. Cashfree Payments enables eUPP to provide educational institutions with immediate and secure payments for parents and students.
There is also a new partnership for Rivero and Paymentsology. New partnership sees Paymentology implement Rivero’s forms compliance tool Kajo to digitize compliance management requirements and to make it easier to scale with guaranteed quality control for all compliance needs.
Digital lender MONEY has partnered with the Australian Youth Cancer Charity Cafeteria to help young cancer patients with their educational and career aspirations. Kantine’s education and career support program helps cancer patients between the ages of 15 and 25 to keep in touch with studies and work both during and after cancer treatment.
Financing and investment
Farmer election, a London-based B2B insurance company, has raised a $15 million Series A round. The round is led by Talis Capital, with the participation of venture firms, such as Octopus Ventures, Insurtech Gateway Ltd and Broadhaven Ventures. It will use the funding to continue building its team and developing its global expansion. It will also be extended to more sectors and use cases for the platform.
SwissBorg is launching a Series A raising of shares on its Multi-Asset Launchpad. The company hopes to put “the power of ownership back in the hands of the community”. The Series A Community Fundraise is available to people who are able to invest a minimum of $100.
Oyster has raised $3.6 million in Seed funding to launch a modern personal insurance platform for seamless point-of-sale and post-purchase experiences. Investors included New Stack Ventures, Global Founders Capital, Conversion capital and Cambrian Ventures joined the last funding.
Opensee has raised €11 million in a Series A funding round led by Omne’s capital. Additional investors Laurion capital and Societe Generale Ventures also participated. Opensee has plans to expand in North America and SE Asia, as well as to expand the range of data-intensive use cases driven by AI analytics.
Consumer fintech company Taxd receive advance funding to help people and businesses complete tax returns efficiently. The investment gives the company the opportunity to enter the market at an increased pace.
The job is moving
Dinara, a startup reimagining corporate financial services for crypto businesses is hiring Yanire Martes as general counsel as well Victor Guerra as head of compliance. Martes and Guerra will help build Dinara’s legal and compliance function.
traceable, an API security and observability company, appoints Stephen Jahn as finance manager and John Schwan as VP for channel and alliances. The company, which also reported record growth in 2022, says the hires will help drive its 2023 expansion into new markets.
Banking Circle Group announces Jim Snabe is now chairman of its advisory board. Snabe will work closely with the Banking Circle Group CEO and co-founder Anders la Cour and the majority shareholder EQT VIII, to continue the rapid profitable growth of the Banking Circle Group. Snabe was previously global co-CEO in SAP as well as chairman of the board for Maersk.
SunTec appoints Madhav Dabke as VP banking industry as well Amit Bhatt as VP engineering and technology. SunTec is significantly scaling up its capabilities in the banking vertical, as well as introducing new technical features into its product.
Appital, the stock markets technology solution, name Matthew Jefford as business development manager. He will help accelerate Appital’s growth strategy, particularly by working with the asset management community to deepen platform liquidity. Jefford will also support the firm’s mission to bring innovation and automation to the equity markets.
Cryptocurrency-based fintech service group SG Veteris has appointed Tautvydas Sūnelaitis as the Money Laundering Reporting Officer (MLRO) for its Lithuanian office. The company also recently announced that it has opened new offices in Estonia and Lithuania. It is now authorized to offer cryptocurrency to fiat currency exchange services as well as being a cryptocurrency wallet service provider.
More job moves
Accelerated payments appoints Siobhan Jones to manage business development in the North of England. Jones will support the company’s growth and customer acquisition strategies for alternative finance services in the region. More recently, Jones worked as a partnership manager for a North-West based cancer organisation.
task, a supplier of inter-company workflow to the financial industry, is hiring James Pike as head of business development. Most recently, Pike held the role of EMEA Head of Client Operations and Global Head of Institutional Client Services at Morgan Stanley. Pike’s role is to seek opportunities to continue the growth of the Taskize network.
Meanwhile, UK-based payment platform Transact365 has appointed Scott Major as its new commercial director. He first joined Transact365 in 2020 as Director of Business Development. A key part of his role will be to ensure that new businesses and merchants can benefit from secure, fast and flexible payment gateway options.
S64, a provider of access solutions for private markets for private wealth, unveils Rakesh Pabari as head of investment advice and fund selection. The appointment follows a number of strategic hires earlier this year, further strengthening the company’s expertise as it continues on a path of rapid growth.
MISSION+a technology construction company, has received Ned Lowe as the company’s CTO as it accelerates its efforts to support fintechs and insurtechs across Southeast Asia. Under Ned’s leadership, MISSION+ will introduce new technical and strategic support for companies developing technological solutions for the finance and insurance sectors.
Payment processing fintech VizyPay has promoted two current employees to its new learning and development department. Director of Learning and Development Alex Schaeffer and head coach Marge Chaffin will build out the department and develop training materials to prepare for the induction of 120+ new team members during the next hiring blitz in 2023.
