Pi-xcels raises USD 1.7Mln in funding to revolutionize retail transactions

Pi-xcels secures US$1.7M in funding to revolutionise retail transactions with interactive e-receipt technology 

Pi-xcels, an innovative leader in digital receipt solutions, has successfully completed its Seed funding round, raising US$1.7 million. The round was led by Wavemaker Partners, with participation from other prominent venture capital firms such as Hustle Fund, Amand Ventures, and Black Kite Capital, as well as strategic angel investors. The round marks a momentous step towards […]

Param acquires Twisto to accelerate European expansion

Emin Can Yılmaz, Founder and CEO of Param (left), Michal Šmída, CEO of Twisto (right)

Param, a FinTech company in Turkey, is entering the European market with the acquisition of leading CEE Buy Now, Pay Later (BNPL) provider Twisto. Setting the scene for wider global expansion, Param is introducing its technology and integrated embedded finance products and services to Europe. One of the first Czech FinTechs, Twisto was acquired from previous […]

Velo Payments to acquire YapStone

Velo Payments, Inc. to Acquire YapStone, Inc. and Revolutionize the Payments Landscape

Velo Payments, Inc. is acquiring YapStone Inc., a leading payment processing platform in the short-term and vacation rental industry, known for its premier payment solution, VacationRentPayment. The definitive merger agreement signifies a strategic alignment of vision and technology, combining Yapstone’s established payfac and MSB licensure with Velo’s leading complex disbursements platform for next-generation e-commerce and […]

EMA Welcomes Claire Goldsmith as its new Board Chair

Claire Goldsmith Enrollment Management Association's Board of Trustees as Chair

The Enrollment Management Association (EMA) yesterday announced Claire Goldsmith, Principal, Lamplight LLC, as its new board of trustees chair. Goldsmith succeeds Dallas Joseph, Vice President of Finance and Operations at Baylor School, TN, who served as chair since 2020. “Having Claire as our new board chair will help EMA further our vision to champion transformational […]

TerraPay (Mobex) partners with Safaricom’s M-PESA to enable seamless cross-border transfers 

TerraPay (Mobex) partners with Safaricom’s M-PESA to facilitate seamless outbound cross-border remittances

TerraPay, a leading global payments infrastructure company, announced its partnership with Safaricom, Kenya’s leading telecommunications, IT, and financial services provider. Together, both companies will usher in the benefits of financial inclusion by enabling instant cross-border payments. The partnership, through TerraPay’s subsidiary Mobex (Kenya), a licensed money transfer provider, will enable more than 30 million M-PESA mobile wallet […]

KV Capital appoints Michael Hoffman as Managing Director at its Calgary office

Bottom row (left to right): Curtis Power: President, Private Mortgages; Michael Hoffman: Managing Director, Calgary, Commercial Real Estate Finance; Aleem Virani: CEO, KV Capital; Marc Prefontaine: President, Commercial Real Estate Finance. Top row (left to right): Nicholas Jeanes: EVP + Managing Partner, Asset Management; Darin Rayburn: President, Real Estate Equity Partners.

Alberta-based real estate finance firm and investment manager, KV Capital, yesterday announced the opening of its Calgary office and the appointment of Michael Hoffman as Managing Director, Calgary for its Commercial Real Estate Finance division. Alberta achieved the second highest provincial year-over-year real GDP growth in 2022 and KV Capital believes the province is poised […]

Newrez announces partnership with Homebot

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Newrez LLC, a leading mortgage lending and servicing organization, yesterday announced a strategic partnership with Homebot, a home finance education portal that empowers consumers to make smart home finance decisions. This partnership taps the power of Homebot to solidify customer intelligence in empowering decisions. As one of the largest lenders in the country, Newrez continually seeks innovative solutions […]

Manulife announces leadership reshuffle within the company

Colin Simpson, CFO, Manulife(Left) and Phil Witherington(Right), President and Chief Executive Officer (CEO) of Manulife Asia

Manulife announced yesterday leadership changes across its executive leadership team to accelerate Asia growth and financial performance globally. Phil Witherington, Manulife’s Chief Financial Officer (CFO), is now appointed President and Chief Executive Officer (CEO) of Manulife Asia, effective July 1, 2023. Mr. Witherington will continue reporting to Roy Gori, President and CEO of Manulife, and remain on Manulife’s Executive Leadership […]

Synapse expands Policy & Regulatory Advisory Board

Synapse Financial Technologies, Inc., one of the leading embedded finance platforms that increases access to best-in-class financial products, yesterday announced the appointment of four new members to its Policy & Regulatory Advisory Board. These latest additions to the Board are directly linked to the Company’s broader vision to build an industry-leading platform informed by policy, […]