As the trusted and proven Paytech Pioneer™ uniquely focused on supporting the growth journeys of our customers, nothing gets us more excited than when we see our partners and customers dominating the fintech news agenda. That is why each month we update our ‘Making Headlines’ blog series.
In February’s edition, we cover partnerships, appointments, funding and more from our fantastic range of customers and partners.
1. Starting us off for February is news from Curve, which after announcing an impressive funding round of $95 million last month, has now appointed a new Director to its Executive Board. Cuong Do, the former president of Samsung’s Global Strategy Group, brings his rich legacy of global experience to Curve and will help lead the company in its ambitious 2021 strategy. On the appointment, Cuong said: “I’m excited about Curve’s long-term vision, and very much look forward to helping the company achieve its extraordinary potential.”. Curve COO, Nathalie Oestmann, who was previously Head of Samsung Pay Europe, was also on a recent EPA Hot Topic Webinar with GPS CEO, Joanne Dewar, discussing the topic of ‘Agile, Not Fragile: Why cultivating a partnership mindset is key to bridging the innovation gap’ alongside representatives from Mastercard, SWIFT and NatWest. Missed out? Fret not, as the on-demand version is now available to view here.
2. sync. upped the ante on its budgeting services by launching its advanced budgeting tool, in partnership with analytics platform, Nordigen. Comprising of around 250 spending categories, the tool enables sync.’s users to track their spending every month, access data from their connected accounts, and see analysis of their spending patterns across all of their accounts.
3. Global fintech EedenBull announced the opening of its first office in the U.S., following its expansion in both the European and Asia Pacific regions. Alongside this, it has also appointed a new Head of Business Development for the North American region, Melissa Sefic, who will be in charge of managing and driving growth for EedenBull stateside. Sefic previously worked as SVP, Head of Commercial Payments International, at The Economist Group which produces global events for executives in the commercial cards and payments space.
4. Revolut, which recently announced it had reached the 15 million customers mark, has rolled out touch-free QR code-based payments for business customers across Europe. The new service is targeted at business owners - from market stall traders to cafe proprietors - who can access QR codes on their phones using just the Revolut Business app, without needing to purchase any additional devices. Paulo Guichard, product owner for acquiring at Revolut, commented: “The popularity of QR codes has increased as this payment method is quick, easy and allows people to make socially distanced payments which are increasingly important during the global pandemic.”
5. There’s Cloud on the horizon for PaySafe - the digital kind of course! The payments company recently announced that it will be utilising cloud technology from Netherlands-based tech developer, Snowflake, to improve its customer experience. By using the cloud, in combination with artificial intelligence and machine learning data models, PaySafe’s development teams will get access to a single customer view across its range of payment methods, making it easy to obtain data that can be used to improve the services it offers.
6. Next, we have Pockit which has taken a significant step in its expansion plans. Last month, we shared that the fintech was opening a new office in Newcastle, right in the heart of a thriving and fast-growing fintech community. Now, one month on, Pockit has confirmed that it has received a £1m investment from UK finance provider, Maven Capital Partners, to support its growth plans. This funding will not only go towards the office itself but will support a recruitment drive in the region to hire strong local tech talent.
7. Gaming hardware and fintech firm Razer has announced that it will hire for approximately 1,000 positions at its new Singaporean HQ at one-north. Razer’s intention to support the local job market in such a huge way will be an incredible boon to the already thriving technology sector in Singapore and will greatly support the growth of the company. Currently, Razer is planning to move into the office during the second quarter of 2021.
8. Visa and fintech pliant have teamed up to bring the first Visa Infinite Business credit card to the German market. The card has been tailored to work with small- to medium-sized businesses (SMBs) and corporates with good credit rating and a high credit card turnover. “Today’s market is lacking a modern digital credit card that meets the specific needs of businesses and adjusts to individually existing processes,” said Malte Rau, CEO and co-founder of pliant. “Our vision is to make credit cards the most convenient and commercially attractive payment tool for companies worldwide.”
And last, but certainly by no means least, February ended with the launch of the highly anticipated Kalifa Review, an independent report on the UK fintech sector by Ron Kalifa OBE. We are extremely proud to have been asked to contribute to the workstream on ‘international attractiveness and competitiveness’, having launched our APAC headquarters in Singapore and an office in Sydney, Australia, in 2019 where we continue to support some of the region’s most innovative companies, including Revolut, WeLab Bank and Razer Fintech. We also established our MENA headquarters in Dubai in January, which is set to see some exciting growth over the coming year. In the meantime, read the report in full here.
GPS also took meaningful action in February to support equality and diversity in the fintech sector by announcing our sponsorship of findexable’s Fintech Diversity Radar, the world’s first global platform designed to gather data around the impact and contributions that women make to the digital economy – and no better a time as well, ahead of International Women’s Day taking place on 8th March!