Dark
Light

Fintech frenzy: TFT Bi-Weekly News Roundup, now live

2 mins read
66 views

TLDR:

-The global fintech industry experiences various funding updates, with Cultivo raising $14 million in series A funding, and BRLA Digital receiving an additional investment in its pre-seed round.
-Several appointments have been made within the industry, including Sudhish Mohan as the new UK and Europe CIO of TransUnion, and Jason Seale as VP of Sales at Plinqit.
-Neo opens its Hong Kong office in order to expand its presence in the blockchain hub, and Bitpanda launches its Bitpanda Wealth service tailored to high-net-worth individuals and other users.
-Partnerships are formed between Thunes and Handprint for a tree-planting initiative, Boubyan Bank and Snowdrop Solutions for a seamless view of financial transactions, and Rakkar Digital and Ondo Finance to strengthen the former’s position as a digital asset custodian in the Asia-Pacific region.

Cultivo, a public benefit corporation, has raised $14 million in Series A funding to support its mission of promoting investment into regenerating nature through high-quality projects. The funding round, co-led by MassMutual Ventures and Octopus Energy Generation, will drive the growth of the business and bring Cultivo’s total funding to over $20 million. Meanwhile, BRLA Digital, an operator in the cross-border payments and crypto infrastructure market, has received an additional investment from 99 Capital for its pre-seed round, raising the total round to over R$4 million. These funding updates highlight the ongoing interest in fintech and the potential for growth in this sector.

In terms of appointments, TransUnion, a global insights company and credit reference agency, has named Sudhish Mohan as its new UK and Europe Chief Information Officer. In his previous roles, Mohan led digital transformation and product delivery at TransUnion Africa. Additionally, Allied Payment Network has hired Nichole Gurevitch as Vice President of Sales for its North and Midwest region. Gurevitch brings extensive experience in item processing, digital banking, and customer experience. These appointments demonstrate the industry’s focus on technology and customer service.

Neo, an open-source, community-driven platform, has officially opened its Hong Kong office to expand its presence in the blockchain hub. This move supports Neo’s mission to realize the Smart Economy and promote investment in the region. Bitpanda, an Austrian fintech unicorn, has launched Bitpanda Wealth, a service tailored to the needs of high-net-worth individuals and corporate treasuries. This service allows users to diversify their portfolios through a regulated broker in Europe. These company updates reflect the growing global interest in blockchain and digital asset management.

The fintech industry has also seen various partnerships formed. Thunes, a global cross-border payments company, has expanded its tree-planting initiative with partner Handprint. Thunes will plant one tree for every 5,000 transactions processed on its platform over the next two years. Boubyan Bank, an Islamic bank in Kuwait, has partnered with Snowdrop Solutions to provide users of its app with a complete view of their financial transactions. These partnerships highlight the importance of collaboration and innovation in the industry.

In conclusion, the global fintech industry continues to see significant developments in funding, appointments, company updates, and partnerships. These developments demonstrate the industry’s ongoing growth and potential for innovation.

Previous Story

Insurity debuts game-changing AI solution for P&C insurance carriers.

Next Story

AI ends food waste, saving grocers’ profits.

Latest from News