The Fintech Times Bi-Weekly News Roundup serves up the latest job moves, partnerships and fintech success stories.
Indian fintech BharatPe appoints two independent directors to its board. Shri B. P. Kanungo, former deputy governor of RBI and Shri Kaushik Dutta, current chairman and independent director at Zomato. The appointments are in line with the company’s aim to build a world class institution and being the torchbearer of corporate governance in the startup world.
Mary Writz has joined the executive leadership team of Sift as senior vice president of product. Writz will lead Sift’s product strategy and development to help businesses secure every stage of the customer journey. Writz joins Sift following four years at identity management company ForgeRock.
VizyPay, a payment processor for US small businesses, has unveiled a series of promotions. Director of sales Elizabeth Rucker, director of client success Olivia Hall and director of marketing & sales enablement Shannon McCann all join VizyPay.
Elliptic, a cryptoasset risk management firm, appoints John Melican as its chief legal officer. He first joined the firm as chief of external affairs in January. In his expanded role, Melican brings together and leads the company’s legal, regulatory and advisory functions.
Meanwhile, Wombat appoints Jeremy Larsson as chief revenue officer and head of partnerships. The appointment coincides with the micro-investing platform’s plans for European expansion following close of Series A funding round.
Smart, a global retirement technology provider, hires Gaobo Pang as head of quantitative strategy. Pang’s hire is reflective of Smart’s plans to build a comprehensive retirement planning and income technology that will enable participants to better prepare for and manage their spending in retirement.
Transflo, a mobile and cloud-based platform that automates and unifies supply chain processes, unveils Cameron Eastman as its new chief financial officer. Prior to joining Transflo, Eastman served as VP of finance at Kantata. At Transflo, he will focus on preparing the company as it enters ‘hyper-growth mode’.
Billing and payments app Bluechain names Tim Annis as its UK managing director in order to drive success and lead its expansion into the UK and Europe. He previously held the role of UK head of sales since March 2020.
Julian La Picque has joined Chiliz, the blockchain provider for sports and entertainment, as group chief financial officer. La Picque’s appointment comes as the Web3 technology company prepares for exponential growth with the Q4 launch of Chiliz Chain 2.0 (CC2) – the new layer 1 blockchain for the sports and entertainment industry.
DKK Partners, which specialises in emerging markets foreign exchange liquidity, has appointed Bovill, the financial services regulatory consultancy, as its global compliance partner. Bovill will work with DKK to ensure all processes and operations meet all compliance requirements. In addition, Bovill will provide advice and recommendations around regulatory matters.
Meanwhile, Atomic, a provider of payroll connectivity, has forged a partnership with Hydrogen, a fintech platform that enables businesses to quickly launch white label debit cards with no coding. Hydrogen enables organisations to integrate payroll connectivity with its platform, unlocking features for employers, employees, gig-economy workers, and payroll providers.
Codat, the API for small business data, has partnered with nCino, the cloud banking firm, to automate and accelerate banks’ ability to underwrite small business loans around the world. Through this integration, banks and financial institutions that use codat will have access to automated solutions for their reporting and analysis, providing a clearer picture of risk and a better financial experience for small business customers.
Blockchain and cryptocurrency infrastructure provider Binance Canada has teamed up with MinervaAI. Binance Canada will utilise Minerva’s artificial intelligence tools, vast sanctions and other risk screening capabilities to enhance their know your customer (KYC) and anti-money laundering (AML) capabilities.
There’s also a partnership for Jeton and Sumsub to create a better onboarding experience. Jeton, a global e-wallet company, wanted a document verification solution to scale up to new markets while staying compliant. Sumsub leverages machine learning and AI technology to automate and accelerate the verification process, boost conversion and reduce costs.
Funding and investments
InvestSuite, an international B2B investech company, has completed a €6million Series A investment round, bringing the total raised to €15million since inception. InvestSuite welcomes two new strategic investors, the Cronos Group and OSOM Finance, alongside existing investor PMV.
Inery, a decentralised data management system, has secured an investment from web3-focused blockchain VC firm Metavest at the valuation of $128million. Through this funding, Inery aims to expand its use cases—particularly in GameFi.
MAJORITY, a mobile banking for migrants, has bagged $37.5million in Series B funding as well as new office openings in Texas and Florida. This financing comes only nine months after MAJORITY’s Series A round and brings the company’s total funding to $83.5million. The new funds will be used to enhance MAJORITY’s library of essential services.
Insurtech Turaco has closed a $10million Series A equity round led by AfricInvest. The round also included participation from Enza Capital, Global Partnerships, Zephyr Acorn and Push Ventures. The insurtech company’s mission is to free people from the fear of financial shocks caused by unexpected health risks.