Mangopay announces Sergi Herrero as new CEO

Mangopay, a modular and flexible payment infrastructure provider for platforms which was acquired by Advent International in 2022, announces the appointment of fintech industry leader Sergi Herrero as Chief Executive Officer. Sergi succeeds Romain Mazeries who is stepping down from his role. Throughout his career, Sergi has earned a strong reputation as a results-focused leader who brings both payments domain expertise and proven CEO capabilities. Sergi was previously the Global Director for Payments and Commerce Partnerships at...

Finance Leaders Struggling to Keep Pace with E-Commerce Surge

Two thirds (66%) of finance leaders say their team is unable to keep pace with the speed of e-commerce. That’s according to an investigative report by Hokodo in partnership with the B2B Ecommerce Association. B2B e-commerce is going through a fast-paced evolution – with the market set to total $2.641 trillion in 2024 – but Hokodo’s report has revealed that many finance functions aren’t future-proofed. Its pan-industry survey of finance leaders found that 17% of finance leaders feel that their finance...

Tether Invests $18.75M in XREX to Boost Financial Inclusion

Tether, the largest company in the digital asset industry, has announced a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation in the digital asset industry, facilitate USDT-based cross-border payments in emerging markets, and innovate regulatory technology. With Tether’s funding, XREX will facilitate compliant, USDT-based cross-border B2B payments in emerging markets, revolutionizing financial transactions by offering businesses greater ease, efficiency, and potentially lower costs. Additionally, XREX will work with the Unitas...

TransNetwork announced the acquisition of Inswitch

TransNetwork, a B2B payments infrastructure platform for instant money movement in the Americas, announced the acquisition of Inswitch, a provider of embedded finance technology. This strategic acquisition combines TransNetwork’s payments network and instant money movement capabilities with Inswitch’s financial technology solutions offered via an API-based core platform. The transaction will accelerate the development of TransNetwork’s digital product suite for cross-border payments in Latin America. Together, TransNetwork and Inswitch will offer a range of financial technology products for enterprises and...

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