Fintech Platform Capchase Secures $125 Million In Series A
June 7, 20217 min
Series A round will be led by QED Investors and will be used to expand the programmatic funding offered to recurring-revenue companies
Funding Round Led by HSBC and ING Will Drive International Expansion
Oversubscribed Fund Surpasses $700 Million Target Luminate Capital Partners announced today the closing of Luminate Capital Partners III, LP with $1 billion of committed capital from a broad group of global institutional investors. The oversubscribed fund closed at its hard cap and above its $700 million target, bringing the firm’s total assets under management to $1.7 billion. Since inception, Luminate has built a portfolio of 13 market-leading enterprise software companies, most recently adding Axonify, the leader in frontline employee training software. The firm...
Amidst growing investor sentiment and exponential growth, Finexio announces Joe Proto, EVP Senior Advisor at Mastercard, as the latest in a string of distinguished fintech executives to align themselves with the AP Payments as a Service company. Orlando-based “AP Payments as a Service” company Finexio today announced the appointment of Joe Proto, EVP Senior Advisor at Mastercard, to its Board of Directors. Proto brings over four decades of executive-level experience scaling multi-million-dollar enterprises in the billing and payments...
Mukuru Africa (Pty) Ltd was awarded the “Most Innovative Online Remittance App” in South Africa by Global Brands Magazine during 2021 FinTech Awards Program. Mukuru Africa was recognized by the jury for their successful efforts in creating a reliable financial banking ecosystem. Founded in 2004 in the United Kingdom, Mukuru is an Africa-based Fintech company that gives the emerging consumer, access to affordable and reliable financial services. Their foundation is built on international money transfers and today as the largest Money Transfer provider in Africa enables...
FE Credit Launches Fintech Accelerator Program – FE XCELERATE 2021
May 13, 20215 min
“The program’s objective is to explore new solutions for FE Credit, thereby offering fintech professionals the opportunity to demonstrate their solutions for the commercial market and scale up their business,” says Mr. Xi Giang – Head of Innovation Department of FE Credit. FE Credit – in partnership with Expara – officially announces the launching of FE XCELERATE 2021. Mr. Xi Giang commented – “Prior to 2017, FE Credit focused on growing its physical network. Today, the company is...
FinTech Automation Named to WealthTech 100 List
May 10, 20213 min
FinTech Automation recognized in the 2021 WealthTech 100, a comprehensive list of the most innovative firms worldwide in the financial technology industry. FinTech Automation, LLC, a Dallas, Texas-based financial technology firm dedicated to creating WealthTech and banking-as-a-service solutions for small- and mid-sized banks and wealth advisors, has been selected to the WealthTech 100 list for 2021. The WealthTech 100 is an annual list of the most innovative tech solution providers for the wealth management and banking...
Fiserv Announces Pricing of Secondary Offering
May 3, 20216 min
Fiserv, Inc. a leading global provider of payments and financial services technology solutions, today announced the pricing of the previously announced underwritten public offering of 20,000,000 shares of common stock of Fiserv, Inc. (“Fiserv” or “the company”) by New Omaha Holdings L.P. (“New Omaha”), which is owned by investment funds managed by Kohlberg Kravis Roberts & Co. L.P., at a price to the public of $118.30 per share (the “offering”). In addition, New Omaha has...
Fast-paced Fintech RIBBIT.ai Announces Rick Fiorito to Join as COO
April 29, 20213 min
RIBBIT.ai, a fintech leveraging the predictive power of bank data to deliver better financial decisioning for lenders, fintechs and financial institutions, is pleased to announce the addition of Rick Fiorito as Chief Operating Officer. The explosive growth of RIBBIT.ai demands increases in efficiencies of scale and an experienced strategist capable of handling unprecedented market demand. Rick has successfully implemented best practices that accelerate revenue growth, industry leadership, and shareholder value for companies like AT&T, Verizon/MCI, Expert Global Services/NCO Group, and Transactis, a MasterCard company, to deliver network services, receivables outsourcing, electronic bill-presentment and payment services....
Unique Testing Ground for New Financial Services Solutions Helps Organizations Quickly Set Themselves Apart in Competitive Market; New USIS SVP of Data & Analytics Peter Maynard to Head Collaborative Program