This week in Fintech: TFT Bi-Weekly News Roundup 10/11
Welcome to Thursday 10 November’s edition of Fintech Times Bi-weekly news roundup!
Partnership
Fintech The goat idea has entered into cooperation with Sharjah Airport Travel Agency (SATA) for payment solutions. The agreement sees SATA adopt Geidea’s suite of e-commerce and POS payment solutions, enabling SATA customers to make simple payments and the business to offer services faster.
Provider of insurance data Percayso Inform has merged with Shift technology, a provider of AI-powered decision automation and optimization solutions for the global insurance industry. Together, they will deliver improved fraud detection solutions for insurance providers.
RockXthe Asia-based provider of digital assets, has partnered with OKX chain, an EVM compatible blockchain. The partnership allows Web3 developers to enjoy full access to all OKC-based protocols through RockX’s cross-chain node services.
iBanFirst chooses Phenergo to accelerate client onboarding in the extension station. iBanFirst will automate compliance across multiple jurisdictions and accelerate client onboarding after developing Fenergo’s software as a service (SaaS) client lifecycle management (CLM) solution.
The job is moving
Inacta have chosen Alexander Boyer as the new CEO. Inacta collaborates on digital transformation and innovation projects with Swiss companies, including blockchain and related innovation areas. Bojer has co-founded several technology startups and was most recently CEO of the health startup Well Gesundheit.
Pie Insurance, an insurtech specializing in employment insurance for small businesses, announced three strategic executive hires. Rick Poulin is vice president of underwriting, Joshua Brost, vice president of marketing and Sam Elizondo, vice president of claims operations. Pie also recently raised a Series D round of $315 million.
O’Melveny has welcomed the banking supervisory attorney Jarryd Andersen to his team. He joins the law firm as a partner advising financial institutions, banks, fintech companies, as well as their investors on transactional, regulatory, supervisory and enforcement matters.
Caution has appointed Emmanuel Mokobi Aryee as Managing Director for Africa to oversee the operations of Prudential in the eight African markets. The appointment aims to centralize Prudential’s operations in Africa as well as strengthen and expand operations in markets where it currently operates.
First online bank announced Ben Rosensweet as VP, senior business development officer. The newest member of the Small Business Administration (SBA) team brings experience in finance and new business development, as well as equipment and commercial finance.
horse skiing, a BNPL company in Latin America, is hiring Andrew Seiz as its first VP for capital markets and investor relations. In his role, Seiz will be responsible for maintaining existing investor relationships, and educating the investment community about Kueski’s business opportunities and future growth plans.
Financing
archax, the FCA-regulated digital asset exchange, has closed a $28.5 million Series A raise. Round included abrdnas a leading strategic investor, as well as Bitrock Capital, Blockchain Coinvestors, CE Innovation Capital, Keiretsu Capital, Lingfeng Capital, Mathrix AG, SGH Capital and Tezos Foundation.
Bowmark Capital, The middle market private equity firm has completed an investment in experience, an IT services provider specializing in digital transformation. Xperience delivers end-to-end digital solutions across a wide range of services, including managed IT, cloud, business applications and cyber security.
Blinka fintech startup enabling instant consumer credit in Egypt has raised $23.7 million in equity and debt financing and $8.3 million in securitized bond issuance to accelerate financial inclusion in underserved communities across the country.
Company updates
The Apex Foundationits first Purpose Beyond Service Charity Gala, held at Natural History Museum was a success. 300 guests from companies incl Goldman Sachs and JP Morgan raised £650,000 through pledges, donations and auction bids which will be distributed by the Apex Foundation to four charities: Blue Marine Foundation, Tusk Trust, CAMFED and WaterAid.
