Month : December 2021

Caye International Bank Appoints Luigi Wewege as President
Banking News

Caye International Bank Appoints Luigi Wewege as President

Fintech News Desk
by Fintech News Desk0
Chairman Joel Nagel is confident in new President being internal candidate The Board of Directors of Caye International Bank is pleased to announce the appointment of Luigi Wewege as the bank’s new President. Wewege succeeds Peter Zipper who has retired after more than a decade of service to Caye. Wewege......
Viva Wallet Acquires 33.5% Stake in ‘N7 Mobile’ Software Development Company
Business Finance News

Viva Wallet Acquires 33.5% Stake in ‘N7 Mobile’ Software Development Company

Fintech News Desk
by Fintech News Desk0
The European neobank invests in ‘N7 mobile’ as part of its ambitious European Technology Hubs deployment Strategy Viva Wallet, a European neobank with local presence in 23 countries through branches, acquired the 33.5% of Polish N7 mobile, a niche software development company. N7 mobile operates in Poland for more than a decade......
Bascom Group Ends 2021 with a 200-Unit Las Vegas Acquisition for $40.5 Million
Capital Markets News

Bascom Group Ends 2021 with a 200-Unit Las Vegas Acquisition for $40.5 Million

Fintech News Desk
by Fintech News Desk0
The Bascom Group, LLC has acquired a 1984/1985 built, 200-unit multifamily property in Las Vegas, Nevada. Bascom acquired Sun Chase in an off-market transaction, purchasing the 200-unit garden style property for $40,500,000 or $202,500 per unit. Annie Rice and Jamie Kline with JLL Capital Markets sourced the loan from ACRE Credit.  Apartment Management Consultants will provide property......
Digital Asset Manager Hyperithm Raises $11 Million in Series B Round
Digital Asset Management News

Hyperithm Acquires Virtual Asset Service Provider License In Korea

Fintech News Desk
by Fintech News Desk0
Hyperithm, a digital asset manager based in Tokyo and Seoul, announced that it has acquired the Virtual Asset Service Provider (VASP) license from the Korean Financial Intelligence Unit (KoFIU). In accordance with the revised Act on the Reporting and Use of Specific Financial Transaction Information, which came into effect in March 2021 in Korea, crypto-related......
PayCargo Capital and Evolve Bank & Trust Partner to Help Relieve Supply Chain Crisis
Digital Payments News

PayCargo Capital and Evolve Bank & Trust Partner to Help Relieve Supply Chain Crisis

Fintech News Desk
by Fintech News Desk0
Credit solution offers urgent funding to freight forwarders and cargo owners PayCargo Capital has secured a substantial lending alliance with Evolve Bank & Trust, a leading financial and technology institution, allowing freight forwarders and beneficial cargo owners to apply for and receive credit at the point of paying freight costs.......
AppTech Payments Welcomes Aram Aghapour, as SVP of Research, Development & Infrastructure Operations
Digital Payments Fintech News

AppTech Payments Welcomes Aram Aghapour, as SVP of Research, Development & Infrastructure Operations

Fintech News Desk
by Fintech News Desk0
AppTech Payments Corp, a fintech company powering commerce experiences, announced that Aram A. Aghapour has joined their senior leadership team as Senior Vice President of Research, Development, and Infrastructure Operations. Mr. Aghapour joins us from application security firm, Microfocus Fortify, where he helped some of the world’s largest financial firms......
Returns Technology Company, Optoro Receives Strategic Investment from Zebra Technologies
Investment Services News

Optoro Receives Strategic Investment from Zebra Technologies

Fintech News Desk
by Fintech News Desk0
New investment will support Optoro’s focus on improving customer experiences and reducing environmental and financial waste from returns Optoro, Inc., the leading technology platform for retail returns and reverse logistics, announced a new strategic investment led by Zebra Technologies Corporation, an innovator at the edge of the enterprise with solutions......
Needham Bank Commits $2 Million CRA Equity Investment to Reinventure Capital Fund I, LP
Banking News

Needham Bank Closes $25 Million Loan to Wind Energy Project

Fintech News Desk
by Fintech News Desk0
Wind Power Project will Produce 20 megawatts Needham Bank, which for more than a century has served as New England’s “Builder’s Bank,”  is pleased to announce it has closed a $25mm loan to an affiliate of SWEB Development USA (SWEB), Natick, MA for the development of a wind energy project in Maine. The loan is based......
Citi Announces Agreement to Sell Philippines Consumer Bank to UnionBank of the Philippines
Banking Capital Markets News

Citi Announces Agreement to Sell Philippines Consumer Bank to UnionBank of the Philippines

Fintech News Desk
by Fintech News Desk0
Citi Continues to Execute on Global Consumer Bank Strategic Actions Citi announced it has reached agreement with UnionBank of the Philippines on the acquisition of Citi’s consumer banking franchise in the Philippines. The transaction covers Citi’s local credit card, unsecured lending, deposit and investment businesses, as well as Citicorp Financial......
LexinFintech Receives Corporate Commitment Certificate from The Asian Banker for Outstanding ESG Efforts
Business Finance News

LexinFintech Receives Corporate Commitment Certificate from The Asian Banker for Outstanding ESG Efforts

Fintech News Desk
by Fintech News Desk0
LexinFintech Holdings Ltd., a leading online consumption and finance platform in China, has received the Wealth and Society Corporate Commitment Certificate from The Asian Banker’s Global Wealth and Society Corporate Commitment Certification Programme 2021. The certificate comes as an important international recognition for Lexin’s outstanding environmental, social, and governance (ESG) efforts, including......
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