Kevin. Raises $65m Series a, Led by Accel, to Bring Account-to-account Payments to Existing POS Payment Terminals

Partnerships 

Ophelos Partners with Credit Card Startup, Yonder, for Ethical Debt Resolution

A new independent survey of 251 senior decision-makers at UK banking and financial services firms has revealed how they are responding to customers’ changing demands. It found:

Yusuf Ozdalga is London-based Partner at QED Investors with a focus on European financial technology and consumer finance companies. Ozdalga joined QED in 2017, and his career has spanned roles as an operator, advisor, entrepreneur and investor. His current portfolio of investments includes Wagestream, GetGround, Wayflyer, Fidel API and Weavr.

Michael Aagaard, former Head of Foreign Exchange at Saxo Bank has been appointed as Managing Director of GCEX in Denmark. He will be responsible for all GCEX’s activities out of Denmark and GCEX’s growing team in Copenhagen. He will also work closely with Founder and CEO, Lars Holst on strategic growth plans for the organisation.

DivideBuy, the leading UK LendTech, has won the Best POS Solution category at the Cards & Payments Awards 2022, beating ACI Worldwide, Worldpay and UTP, as well as being shortlisted for the Best Consumer Credit Card or Credit Facility category. Following an impressive period of growth for the Stoke-on-Trent company, this important award win paves the way for further growth in 2022 and beyond.

MIBR, the biggest esports team in Brazil, brings on board Bybit, one of the fastest growing crypto exchanges in the world, as a new partner and sponsor for the following three years. This is the first sponsorship deal for Bybit since it announced its expansion into Brazil. The announcement marks Bybit's designation as the official sponsor of MIBR's professional teams of both male and female players across various competitive esports arenas such as CS:GO, Rainbow Six, Valorant and Free Fire.

ING announced today the start of a share buyback programme under which it plans to repurchase ordinary shares of ING Groep, with a maximum total value of €380 million. The share buyback is part of a € 1.25 billion programme to return capital to our shareholders. Next to the share buyback it consists of a €870 million cash dividend payment.

The share buyback programme will commence on 12 May 2022 and is expected to end no later than 2 November. The purpose of the share buyback programme is to reduce the share capital of ING.

Babel Finance announced on April 18 the appointment of Yang Song as Head of Treasury. Babel Finance Financial Services has newly established this role as the business expands the scope of its services to more varied customer groups. Babel Finance, which has Asia's largest crypto lending book, has now established a treasury section to improve risk management and provide adequate liquidity for its lending operation.

IDT Corporation, a global provider of fintech, cloud communications, and traditional communications services, announced today that, in light of current market conditions, its Board of Directors has postponed the spinoff of its net2phone cloud communications segment, which it had been preparing to spin off on or before July 31st, 2022.