Riverty Establishes Bank in Luxembourg

Fintech granted EU CRR banking licence after a 10-month application process Riverty transforms its Payment and Credit business from a PSD2 payment institution into a fully licensed bank Bank to begin operations in July, serving more than 1,800 merchants and approximately 25 million unique customers across 10 European markets Bertelsmann’s Carsten Coesfeld: “Banking license enables next phase of growth for Riverty Riverty, the fintech company of Bertelsmann is establishing a bank in Luxembourg to help merchants grow through embedded...

Terry O’Neil Joins Pagaya as Chief Commercial Officer

Pagaya Technologies LTD. (NASDAQ: PGY) (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today named Terry O’Neil as Chief Commercial Officer. In this role, Terry will lead Pagaya’s partnership and growth functions. “We’re thrilled to welcome Terry to our leadership team as we accelerate our momentum and onboard new partners across the industry,” said Sanjiv Das, President of Pagaya. “With his proven track record in both the...

William Blair Adds Senior Fintech Banker in London

William Blair announced today the addition of Rishi Sethi as a London-based managing director in the firm’s global Technology team. The move strengthens William Blair’s European Fintech practice and enhances the firm’s delivery of comprehensive advisory resources for fintech-focused companies and financial sponsors. “Rishi’s deep sector expertise in Fintech will boost our strong momentum and Technology practice growth across Europe,” said Raphael Grunschlag, managing director and European Technology group lead at William Blair. Rishi, who most recently served as...

8am Announces Strategic Leadership Transition and Welcomes Jeff Hughes as CEO

8am™, the technology and embedded fintech platform purpose-built for the needs of legal, accounting, and client-focused professionals, today announced an executive transition, naming Jeff Hughes as Chief Executive Officer. Hughes joined the 8am board in 2024 and is stepping into the CEO role with a 30-year track record of scaling growth businesses across hospitality, retail, financial services, and energy. His experience spans early-stage startups through large public companies, with a consistent focus on expanding market...

Multitude acquires majority stake in Sortter Oy

Multitude AG, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized enterprises, and other FinTechs (WKN: A40VJN, ISIN: CH1398992755) (“Multitude”, “Company” or “Group”), has signed an agreement to acquire a majority stake in Sortter Oy (“Sortter”), a leading Finnish financial services comparison platform. After an initial investment of a 19.97% stake in Sortter in 2023, Multitude has reached an agreement to acquire a majority stake. Following the...

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