Delve into The Fintech Times Bi-Weekly News Roundup on Tuesday 14 November 2023 for the latest partnerships, appointments and funding updates.
Industry movers
FinTech Wales has announced the resignation of Sarah Williams-Gardener as CEO, who will move to assume the role of the organisation’s chair, replacing Louise O’Shea, from January 2024. Her role as chair will enable her the capacity to build on her previous experience with Government and policy makers, and ensure fintechs in Wales continue to have a voice at Government level.
Kroll, a provider of global risk and financial advisory solutions, has appointed Julian Marsh as managing director in Kroll’s financial services compliance and regulation practice. His focus is on expanding Kroll’s capabilities and footprint in the banking sector, advising clients on risk management, compliance and regulatory processes, and governance-related matters.
Andrew Griffith is the new Minister of State for the Department for Science, Innovation and Technology. He was previously Economic Secretary to the Treasury between 27 October 2022 and 13 November 2023. Previously, he was Financial Secretary to the Treasury between 7 September 2022 and 27 October 2022.
Alp Financial Ltd (AlpFin), the global trading technology service provider, appoints Chris de Sibert who has joined the agency brokerage as the global head of sales and marketing. Having held key positions at institutions such as MUFG, HSBC, Bank of America and RBS, he will help collaboratively chart a path for strategic success.
Provenir, the AI-powered risk decisioning software, names Brice Barouch as country manager and Yasmine Ouirhrane as business development manager, who will be joining the Provenir team in France. Based in France, Brice Barouch will lead Provenir’s operations in the region with Yasmine Ouirhrane responsible for creating go-to-market strategies and leading business development activities.
Partnerships
ADP, a global technology company providing human capital management solutions, and Convera, a global B2B payments fintech, collaborate to offer a comprehensive end-to-end payroll and payments solution to ADP clients. The collaboration will enable ADP clients to gain efficiencies and reduce manual complexities by managing payroll and payments processes through one integrated platform.
FMG, an SaaS company specialising in marketing content, automation and websites for advisors, has forged a new partnership with Bento Engine Inc, a fintech empowering financial advisors to deliver proactive, comprehensive advice at scale. Through the launch of the new Bento Collection, FMG will offer its users access to a suite of purpose-built materials to deliver personalised, timely and impactful advice.
Feedzai, a provider of financial crime and risk management solutions, has partnered with CoreCard, the international provider of prepaid and credit technology solutions. The partnership enhances CoreCard’s fraud detection and prevention capabilities to expand on its existing advanced spending control capabilities.
Funding and investments
Imprint, which provides co-branded credit cards, has raised $75million in equity funding in a Series B round led by Ribbit Capital. Kleiner Perkins, which led the company’s $38million Series A two years ago, also took part in the latest round, as well as Moore Specialty Credit and Thrive Capital.
Solvimon, the real-time billing platform for enabling usage-based payments, has raised a €9million ($9.7million) seed round from Northzone. Co-founded in the Netherlands in 2022, Solvimon’s solution is an end-to-end billing platform for mid to large enterprise businesses.
EduFi has bagged a $6.1million funding round for its study now, pay later lending platform. It has launched in Pakistan, a country where 40 per cent of students are attending a fee-paying school and spending over $14billion for their education every year. The pre-seed funding round was led by Zayn VC with participation from Palm Drive Capital, Deem Ventures Ltd, Q Business, Abhi, AdalFi, Technologix and other angel investors.
Photonic Inc., a company building a scalable, fault-tolerant, and unified quantum computing and networking platforms based on photonically linked silicon spin qubits, has raised an investment round of $100million. The funds were raised from organisations including British Columbia Investment Management Corporation (BCI), Microsoft Corporation, the UK government’s National Security Strategic Investment Fund (NSSIF), Inovia Capital and Amadeus Capital Partners.
