20/02 – Weekly Fintech Recap

  • Digital banking , Insurtech , Payments , M&A Deals , People Moves
  • 20.02.2023 09:00 am

Partnerships

Gate.io is Fully Integrated with Copper’s ClearLoop Network

Gate.io is now fully integrated with Copper.co's ClearLoop solution. This integration will serve as a mutual benefit to both parties, as institutional clients can utilize Copper.co's technology to deploy capital on the exchange and trade immediately, while also maintaining independent custody of their funds with Copper. Over the past 10 years, Gate.io has become one of the top and fastest-growing crypto exchanges.

ConsenSys Partners with Mercuryo to Offer Seamless Crypto Purchases within MetaMask

ConsenSys, a market-leading Web3 company and Mercuryo, a leading crypto payments company, have announced an integration within MetaMask that will allow MetaMask users to bypass mainstream exchanges and buy crypto tokens with bank cards, Apple Pay, and various bank transfer methods directly in their wallets. This aims to simplify purchasing digital assets thanks to instant checkouts and easier user onboarding.

IXOPAY Partners with DPO Pay

Leading payment orchestration platform provider IXOPAY, and DPO Pay, a leading financial technology solutions provider, announced their partnership. The cooperation will focus on enabling businesses of all sizes to extend their geographic footprint in Africa and the Middle East region by facilitating streamlined transaction processes and payment services. DPO Pay is a market leader in the online payments space in Africa and Middle East, and has over 100,000 merchants using its products.

Froda, Lunar and Visa Unveil Innovative SME Lending Solution

The fintech company Froda has formed a partnership with Visa to develop a brand-new loan solution for businesses. Initially, Froda and Visa are joining forces with the Nordic digital bank  Lunar. Within the framework of the partnership, Lunar’s customers gain access to business loans through Froda’s proprietary embedded lending platform, featuring direct payments and repayments via Visa’s card.

Fluid Partners with Sumsub to Streamline Identity Verification and AML Compliance

Fluid Finance, a fintech company headquartered in Geneva, has partnered with Sumsub, a global all-in-one verification platform, to enhance user onboarding and ensure bulletproof fraud protection. Fluid’s aim is to create a new financial model by combining traditional and digital finance. Strict compliance, Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures are integral to Fluid’s user-focused approach, which has security and fraud prevention at its heart.

iDenfy Partners with Today’s Crypto to Offer Seamless Identity Verification

iDenfy, a tech startup providing AI-based ID verification and fraud prevention services, announced joining forces with Today’s Crypto, a streaming platform designed for the cryptocurrency community. iDenfy will ensure a frictionless onboarding process without creating compliance risks. Video and audio streaming platforms have gained massive support from a great audience looking for convenient, easily accessible information.

Experian Accelerates Open Data Strategy with Envestnet | Yodlee API Collaboration

Leading global information services company Experian has announced the appointment of data aggregation and analytics platform Envestnet | Yodlee® as its official Open Data API provider in Australia. The collaboration will enable Experian to integrate the APIs necessary to access data from data holders under the Consumer Data Right (CDR), including the Big Four banks as well as more than 70 leading Australian financial institutions. 

Adyen Broadens Partnership with FREE NOW to Power New Visa Corporate Travel Cards

Adyen, the global financial technology platform of choice for leading businesses, announces that it has broadened its partnership with FREE NOW, Europe’s leading mobility platform, to offer card issuing for mobility. With Adyen’s issuing capabilities joining FREE NOW’s toolbelt, the company aims to streamline mobility benefits on behalf of its enterprise customers, who will be able to provide corporate cards to employees as an all-encompassing transport benefit.

Shieldpay Partners with Fenergo to Achieve Perpetual Due Diligence and Scale Operations

Fenergo, the leading provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM), and Shieldpay, the market leading fintech solving high value, complex B2B payments, announced their partnership. The companies are working together to realise a comprehensive CLM system and perpetual risk monitoring, as Shieldpay scales its operations.

Computop Enables the Smartphone as a Card Terminal with Computop PhonePOS

Retail customers of the international payment service provider (PSP), Computop, will now be able to use smartphones at the POS to accept contactless payments. With the new Computop PhonePOS solution, which will be debuted by Computop (Hall 6 booth E24) at the EuroShop trade fair in Dusseldorf (26 Feb-2 Mar) secure PIN entry will allow retailers to accept payments over £50 or 50 euros.

Trustly and APEXX Global Partner to Offer Modernised Recurring Payments Experience

APEXX Global, (“APEXX”), the multi-award-winning Payment Orchestration Platform, has partnered with Trustly, the global payments platform for digital account-to-account (A2A) transactions, to offer Trustly’s recurring payments method to merchants across global markets. Trustly’s solution, provided through APEXX Global’s orchestration platform, is set to transform the Direct Debit experience for APEXX merchants and customers.

Cloud Processor Powerhouse Enfuce and E-commerce Disruptor Starcart Revolutionise Online Shopping with Embedded Payments

Enfuce, the European card issuing and processing powerhouse, has been selected by disruptive Finnish e-commerce aggregator start-up Starcart to offer its retailers and shoppers the speed, security and convenience of embedded virtual card payments. The partnership is set to transform the way in which consumers shop online, by combining Enfuce’s stand-out embedded payments strengths with Starcart’s unique business model that sets it apart from marketplaces and other e-commerce platforms.

Soldo Selects Form3 for SEPA Capabilities to Boost European Customer Growth

Soldo, the London-based fintech creating the next generation of payments and expense management solutions, has selected Form3, the cloud-native account-to-account platform, to provide SEPA Credit Transfer and Instant connectivity. Soldo’s upgraded SEPA capabilities will allow it to update its payment technology to boost customer growth as its business expands, taking advantage of SEPA Instant adoption mandate in 2023.

NoCFO Selects Nordigen to Help Entrepreneurs and Small Businesses Improve Decision-making

Nordigen, an open banking provider and a GoCardless company, has signed accounting software firm NoCFO to provide entrepreneurs and small businesses a more intelligent way to manage their books and run their business. NoCFO can now offer users access to their business banking transaction data, directly within nocfo, its easy-to-use accounting platform, via Nordigen’s open banking connections.

 

Launches

DNA Payments Partners with Mastercard to Launch a New Product Click to Pay

Fintech DNA Payments, one of the largest independent, fully vertically integrated omnichannel payments companies in the UK, has partnered with Mastercard to deliver Click to Pay for merchants across the UK and Europe. Mastercard Click to Pay offers a simple and secure checkout experience giving consumers instant access to their preferred cards on every device, eliminating the need to manually enter card details or remember passwords.

Diner’s Club Launches Ecuador’s First Digital Bank in the Cloud with Temenos

TEMENOS announced that Diner’s Club Ecuador has gone live with Temenos Core Banking, Payments and Analytics on the cloud with Amazon Web Services (AWS). The completion of the project marks the launch of Diner’s Club Ecuador as the first digital bank in the country.Diners Club Ecuador was the first issuer of credit cards in Ecuador, and has become its largest provider, processing 75% of the country’s credit and debit card transactions.

​​​​​​Vayana Network Subsidiary Hylobiz Launches Operations in Indonesia, Partners with Accurate and Brankas

Vayana Network, one of India’s largest trade finance platform, announced the expansion of their international business operations via their subsidiary arm, Hylobiz. A B2B supply chain network, Hylobiz launched its business in Indonesia in partnership with Accurate and Brankas. This partnership will empower businesses in Indonesia with connected business software, especially accounting & POS (point of sales), and connected banking services for faster cash collections and strong cashflow, enabling steady business growth.

Solvo Launches Smart, Simple and Easy-to-Use Crypto App

Solvo, an EU-based cryptocurrency startup, announced the official launch of the Solvo app, which is now live and available to download on the App Store for users in the EU and United Kingdom. Solvo is seeking to turn crypto-curiosity into crypto-capability by bringing the best of the best of crypto to everyone with a straightforward, transparent and easy-to-use entry point. Through Solvo, users can purchase easy-to-understand financial products and build their understanding of cryptocurrencies.

 

Merger & Acquisition

Noventiq Completes the Acquisition of Seven Seas Technology

Noventiq, the global digital transformation and cybersecurity solutions and services provider, announced that the acquisition of UAE-based Seven Seas Technology (SST) has been closed. In June 2022, Noventiq (the new trading name for Softline Holding PLC) signed an agreement to acquire Seven Seas Technology. The transaction strengthens Noventiq’s presence in the Middle East and Africa, as part of its global expansion through M&A.

Saudi Fintech Hala Acquires UAE Paytech Paymennt.com

The fast-growing Saudi Arabia-based regional FINTECH, Hala today announced that it has acquired, through its holding company, United Arab Emirates Paymennt.com during the second edition of the Largest Global Technology event – LEAP 2023. Paymennt.com, previously called PointCheckout established in 2017 and cofounded by Bashar Saleh and Tarek Ghobar, is a payment service provider, regulated by the Abu Dhabi Global Market’s RegLab, and with offices across UAE and Jordan.

Zopa Acquires DivideBuy in 2023 Embedded Finance Push

Zopa is set to acquire DivideBuy’s point-of-sale (POS) finance technology and lending platform. The transaction, which will complete in the next few months, marks Zopa’s first acquisition. Embedded finance is a $7.2 trillion opportunity globally, according to Dealroom. The deal is expected to increase Zopa’s revenue by at least 20% in the next few years. This move is a response to the consumer's need to simplify their finances.

 

Job Moves

BlueFire AI Appoints Fintech Connex as Adviser

Building on an already successful relationship, BlueFire AI, the award-winning provider of artificial intelligence for capital markets participants, appoints Fintech Connex as its adviser. The two firms will work closely together as Bluefire builds on its excellent traction with clients and investors. Luke Waddington, CEO, Bluefire AI said: ‘’This is an exciting time for our firm. The Fintech Connex team brings valuable experience to support us in this next stage of the firm’s expansion”.

New Chief Financial Officer Appointed at Deko to Further Strengthen Executive Leadership Team

Deko, the multi-lender Buy Now Pay Later (BNPL) platform, has appointed Joseph Tucker to the position of Chief Financial Officer. He brings a wealth of experience having held senior positions at a number of high-profile financial services organisations. Prior to joining Deko, he held several roles at NewDay, one of the UK’s biggest credit card issuers, specialising in investor relations, financial reporting, analytics and corporate strategy.

Lloyds Bank Appoints New Head Of Invoice And Asset Finance Sales

Lloyds Bank Business & Commercial Banking has strengthened its Specialist Client Solutions team with the appointment of Tim Biddle as Head of Invoice Finance and Asset Finance Field Sales. Tim will be responsible for helping to shape the execution of Lloyds Bank’s Invoice Finance & Asset Finance sales strategy, and will lead its UK-wide team as they deliver invoice and asset finance products that enable firms to drive growth by quickly freeing-up working capital and funding new business-critical assets.

Dragonfly Financial Technologies Announces Three Key C-Level Hires as Part of its Double-Digit Growth

Dragonfly Financial Technologies Corp., a digital banking and treasury management FinTech, announced three new C-level team hires as part of its double-digit employee growth. Dragonfly welcomed La Dell Diaz as chief legal officer (CLO), Derly Gutierrez as chief information security officer (CISO) and Carolina Reddy as chief administration and risk officer (CARO). In addition to this growth, Dragonfly has also expanded its partner ecosystem and product portfolio.

VizyPay Appoints New Directors, Grows Leadership Team Across the Country

VizyPay, a leading payment processing fintech for America’s small businesses, announces the expansion of its leadership team with the addition of Director of ISO Partnerships Ricky Onofre, Regional Directors Tod Kellen and Regional Director Erik Martinez. Together they will bring VizyPay’s services across the Midwest by delivering transparent, cost-saving payment processing services to small town businesses.  

Pia Kumlin Becomes Country Head of EFA’s Nordic Office

EFA is pleased to announce that Pia Kumlin has joined EFA’s Nordic office, based in Stockholm, as Country Head. Starting on the 1st of February 2023, she will lead the existing team with the objective of strengthening client relationships and further develop not only Sweden but the entire Nordic market.

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