Welcome to The Fintech Times Bi-Weekly News Roundup on Thursday 30 November 2023, bringing you the latest updates from across the world.
Mazepay, a Danish fintech platform, has appointed retired Mastercard chief transformation officer Kevin Stanton to its board of directors. The appointment comes as Mazepay grows its ARR by 237 per cent in 2023, with Stanton set to accelerate growth and expand partnerships across North America and Europe.
Adyen, the global fintech platform, has named Nicole Olbe as managing director of its UK operations. She joins from Barclaycard Payments after a 10-year tenure in multiple leadership roles across payments integrations and commercial roles. Olbe also sits on the advisory board of Women in Payments EMEA.
Creditinfo, a global service provider for credit information and risk management solutions, appoints Satrajit Saha as its global CEO. Saha will drive the growth of Creditinfo and the maturity of its credit bureaus globally. He joins the company from TransUnion Europe, where he held the position of CEO for the last five years.
Fintech Canoe Intelligence announces Tricia Rothschild as the newest addition to its board. She has previously worked at companies including Morningstar and Advent International, as well as board positions at YCharts and the CFA Institute. She is welcomed as a key contributor to Canoe‘s future growth and progress.
Scottish fintech Guiide announces Ruston Smith as chair to lead its board. He has more than 35 years’ senior executive and non-executive experience in the retail, pensions and asset management industry. Clare Hawkins, hailed for chairing Guiide through a transitional period, remains as a non-executive director on the board.
Salad Money, a social enterprise launched to provide an alternative to high-cost lending for NHS and public sector workers with poor, thin, or non-existent credit scores, has appointed Alex Marsh, formerly head of Klarna UK, to its board as a non-executive director. Marsh is also co-founder of Charterpath.
iGaming giant Julian Buhagiar has joined XDA.io as a non-executive director. He will provide insights and guidance to support the company’s global expansion plans and his appointment marks a pivotal moment in the evolution of the company.
Griffin, the API-first UK bank and full-stack banking as a service platform, has unveiled seven new senior team members across key areas of the business. Firstly, Anika Zubair as head of customer success, while Craig Wilson is Griffin’s new head of enterprise risk. Ed Carter is named head of banking operations, Elin Ng as chief of staff, while Katy Zack joins as head of sustainability. There’s also Michael Cerdan joining as treasurer and Sarah Gilbertson as head of sales.
HAYVN Pay, a globally regulated cryptocurrency payment solution, has forged a a strategic partnership with Apcopay, a single layer payments orchestration platform. This collaboration is crucial to HAYVN Pay’s global expansion strategy, providing an alternative payment avenue for businesses.
Prestige Underwriting is partnering with Tesco Bank to offer non-standard home insurance to Tesco customers. Prestige and Tesco Bank have come together to offer insurance to customers who find it difficult to obtain standard cover. Some customers need non-standard cover due to the risk profile of their home or the use of non-typical construction materials in their property. The insurance is named Coverall.
Checkout.com, the global payments service provider, has teamed up with Standard Chartered as its cash management bank to bring improved operational and performance to Checkout.com’s merchants in the region. The collaboration deploys a ‘sophisticated framework’, combining multiple currency accounts and proprietary treasury funding with extended funding times and cross-border direct debits.
The Royal Mint is the latest company to partner with FinTech Wales, the independent membership association and champion of fintech in Wales.It will work with the FinTech Wales community to access its resources and continue developing its relationships across Wales.
Funding and investments
Nucleus Commercial Finance (NCF) has secured up to £200million in new funding from NatWest to bolster its core unsecured lending product, the Nucleus Business Loan (NBL). NatWest’s funding brings Nucleus’ total funding to £900million. This new funding line from NatWest will enable NCF to continue supporting the UK’s economic backbone through its short and long-term unsecured loan product.
Paysend has raised $65million in its latest funding round. The investment round follows the partnership with Mastercard announced earlier this year, through which Paysend will enhance cross-border payments for SME’s via its Open Payments Network (OPN). In addition, Paysend has secured a strategic partnership with TelevisaUnivision, the world’s largest Spanish language media company.
Coinchange, a digital asset platform, has also raised $10million to grow its services. The round was led by key investment players including G1.VC, Spirit Blockchain, Good News Ventures, K2.CA, as well as Atoia Ventures with additional participation from Mintfox. The funds will support the expansion of the firm’s operations, honing its most popular products, as well as attracting new clientele.