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This Week in Fintech: TFT Bi-Weekly News Roundup 10/11

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This Week in Fintech: TFT Bi-Weekly News Roundup 10/11

November 10, 2022
in Fintech
Reading Time: 5 mins read

Thursday, November 10th Fintech Times Biweekly news summary!

partnership

Fintech gaydea partnered with Sharjah Airport Travel Agency (SATA) For payment solutions. The deal will allow SATA to adopt his Geidea suite of e-commerce and POS payment solutions, making payments easier for SATA customers and enabling businesses to serve faster.

Insurance Data Intelligence Provider Percaiso Inform partnered with shift technology, A provider of AI-driven decision automation and optimization solutions for the global insurance industry. The two companies will work together to provide enhanced fraud detection solutions for insurance companies.

lock xAsia-based digital asset staking solutions provider, OKX chain, EVM compatible blockchain. This partnership will give Web3 developers full access to all OKC-based protocols through RockX’s cross-chain node service.

iBanFirst Choose Fenergo Accelerate client onboarding with Extended Drive. iBanFirst automates compliance across multiple jurisdictions and accelerates client onboarding after implementing Fenergo’s software as a service (SaaS) client lifecycle management (CLM) solution.

Fintech partnership

change jobs

Inactor Selected Alexander Boyer as the new CEO. Inacta partners with Swiss companies on digital transformation and innovation projects, including in blockchain and related innovation areas. Bojer has co-founded several technology startups, most recently serving as CEO of wellness startup Well Gesundheit.

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pie insurance, InsurTech, which specializes in workers’ compensation insurance for small businesses, announced the hiring of three people for its strategic leadership team. Rick Paulin Vice President of Underwriting, Joshua Brost Vice President of Marketing and Sam Elizondo, Vice President of Billing Operations. Pie recently raised $315 million in his Series D round.

Omelveny Welcome Banking Regulatory Lawyers Jarryd Anderson to that team. He joins law firms as a partner, advising financial institutions, banks, fintech companies, and investors on trading, regulatory, supervisory and enforcement matters.

Prudential appointed Emmanuel Mokobi Allier As Chief Executive Officer (CEO) for Africa, he will oversee Prudential’s operations in eight African markets. The appointment is intended to centralize Prudential’s operations in Africa, as well as strengthen and grow its business in the markets where it currently operates.

first internet bank announced Ben Rosensweet As Vice President and Senior Business Development Officer. The newest member of the Small Business Administration (SBA) team brings experience in financial and new business development, as well as equipment and commercial finance.

queski, BNPL Company in Latin America, Recruitment Andrew Says As the first Vice President of Capital Markets and Investor Relations. Seiz will be responsible for maintaining relationships with existing investors and educating the investment community about Kueski’s business opportunities and future growth plans.

work summary

fundraising

Arcax, The FCA-regulated digital asset exchange has completed a $28.5 million Series A financing.included rounds suddenlyas a major strategic investor, and Bitrock Capital, Blockchain Coinvestors, CE Innovation Capital, Keiretsu Capital, Lingfeng Capital, Mathrix AG, SGH Capital When Tezos Foundation.

Bowmark Capital, A mid-market private equity firm has completed an investment in experience, A provider of IT services specializing in digital transformation. Xperience provides end-to-end digital solutions across a wide range of services including managed IT, cloud, business applications and cybersecurity.

blankFintech startup enabling instant consumer credit in Egypt has raised $23.7 million in equity and debt funding to accelerate financial inclusion within underserved communities across the country. raised and issued $8.3 million of securitized debt.

Funding summary

Company updates

of Apex FoundationThe first Purpose Beyond Service Charity Gala of natural history museum Succeeded.300 guests from companies including goldman sachs When JP Morgan Through pledges, donations and auction bidding, 650,000 will be raised and distributed by the Apex Foundation to four charities: Blue Marine Foundation, Tusk Trust, CAMFED When water aid.

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