TLDR: This Week in Fintech: The Fintech Times Bi-Weekly News Roundup brings you the latest updates from the global fintech industry. Some key highlights include:
- Team8 adds Judd Caplain to its fintech advisory board
- BlueFlame appoints Eric Levinson as head of sales and Scott Barnes as director of client success
- 1fs Wealth hires Mark Minevich as strategic advisor
- PPRO welcomes Eelco Dettingmeijer as chief commercial officer and Mariette Ferreira as chief marketing officer
- Fintech raises $10 million in new capital
- Rain secures $300 million in financing
- Kriya obtains a £50 million funding facility
- EY partners with MoneyLion to drive innovation in the banking sector
- Careem forms a strategic partnership with UAE Restaurants Group
- Coinbase celebrates 10-year partnership with LHV Bank
- Beem collaborates with TruStage Insurance to provide financial assistance for users
Key Takeaways:
Team8, a global company-building and venture group, has added Judd Caplain, the former global head of financial services at KPMG, to its fintech advisory board. Caplain will provide a specialised toolkit for Team8’s portfolio companies and mentor early-stage founders. BlueFlame has appointed Eric Levinson as head of sales and Scott Barnes as director of client success. These new hires will help drive business development and client success. 1fs Wealth has hired Mark Minevich as a strategic advisor to shape the development of its platform. PPRO has welcomed Eelco Dettingmeijer as chief commercial officer and Mariette Ferreira as chief marketing officer.
In terms of funding and investments, a fintech startup focused on automating accounting and finance functions has raised $10 million in new capital. Rain, a financial wellness platform, has secured $300 million in financing. Kriya, a B2B payments fintech, has obtained a £50 million funding facility.
In terms of partnerships, EY and MoneyLion have formed an alliance to help drive innovation and growth in the banking sector. Careem has partnered with the UAE Restaurants Group to provide discounts and complimentary advertising to member restaurants. Coinbase and LHV Bank are celebrating their 10-year partnership, allowing Coinbase customers to instantly top up or withdraw funds from their wallets to bank accounts all over Europe. Beem has collaborated with TruStage Insurance to provide financial assistance in case of job loss or disability.
