Search Results for: payment management

Bizongo Scales to $150 Million in Annualised Revenue; Nears Profitability
B2B E-commerce Fintech News

Bizongo Scales to $150 Million in Annualised Revenue; Nears Profitability

Fintech News Desk
by Fintech News Desk0
Records a revenue growth of 5X from pre-pandemic levels Growth for the B2B e-commerce platform for customized goods marked by strong unit economics and positive cash flow Tech-enabled B2B e-commerce platform for customized goods, Bizongo is set to turn profitable as it achieves $150 million in annualized revenue. The company’s......
B2B Commerce Unicorn Moglix Expands ESOP Pool to $10 Million Covering 300+ Employees
B2B Commerce News

B2B Commerce Unicorn Moglix Expands ESOP Pool to $10 Million Covering 300+ Employees

Fintech News Desk
by Fintech News Desk0
B2B commerce unicorn Moglix has expanded its ESOP pool further by $10 Million to include more than 300 employees under the program. Moglix has also announced an ESOP buyback program worth $3 Million for all eligible employees with vested stocks on the heels of its recent fundraise. Employees will be......
Paystone Adds $30 Million in Funding with Strategic Backing from Crédit Mutuel Equity
Digital Payments Fintech News

Paystone Adds $30 Million in Funding with Strategic Backing from Crédit Mutuel Equity

Fintech News Desk
by Fintech News Desk0
New investment brings total funds raised in 2021 to $99 million Paystone, a leading payments and integrated software company, secures a $30 million investment from Crédit Mutuel Equity, the private equity arm of Crédit Mutuel Alliance Fédérale, one of France’s leading financial institutions. The funds will support Paystone’s ambitious growth......
Fitch Affirms Triple A-Rating of the African Development Bank, Outlook Stable
Banking News Risk Management

Fitch Affirms Triple A-Rating of the African Development Bank, Outlook Stable

Fintech News Desk
by Fintech News Desk0
Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders Global credit rating agency Fitch Ratings has affirmed the African Development Bank’s credit rating at ‘AAA’, with a stable outlook. Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders. Fitch views the Bank’s risk-management......
NSAV Announces It’s on Target to Become U.S. Second Public Cryptocurrency Exchange, Enters $2 Trillion Marketplace
Blockchain Cryptocurrency Fintech News

NSAV Announces It’s on Target to Become US Second Public Cryptocurrency Exchange, Enters $2 Trillion Marketplace

Fintech News Desk
by Fintech News Desk0
Net Savings Link, Inc., a cryptocurrency, blockchain and digital asset technology company, announced that the Company is on schedule for the August 9, 2021 launch of its eagerly anticipated Cryptocurrency Exchange. The launch will make NSAV only the second U.S. publicly traded Cryptocurrency Exchange, following the Coinbase IPO in April,......
Ecobank Group and Microsoft Upskill Africa’s Small and Medium Enterprises to Succeed in a Digital Economy
Banking Digital News

Ecobank Group and Microsoft Upskill Africa’s Small and Medium Enterprises to Succeed in a Digital Economy

Fintech News Desk
by Fintech News Desk0
The Global Skilling Initiative is just another example of how Ecobank wants to help SMEs reach their full potential and play a vital role in driving Africa’s economic resurgence The leading pan-African banking group, Ecobank Group, in partnership with Microsoft, LinkedIn, GitHub and Ecobank Academy is set to provide training......
Housing Fintech Trellis Raises Funding to Expand Across Pakistan
Finance Fintech News

Leading Fintech Stax Expands Into Housing Space Through PHA-Web Partnership

Fintech News Desk
by Fintech News Desk0
Users of the leading management software designed for housing authorities, PHA-Web, can now offer a seamless and accessible contactless payments solution through Stax Connect  Stax by Fattmerchant, the industry’s only complete all-in-one solution for managing everything in the payments ecosystem, announces its partnership with PHA-Web, a fully integrated Public Housing, Section......
Allen Baumbach joins Cyber Group
Fintech News

Allen Baumbach joins Cyber Group

Fintech News Desk
by Fintech News Desk0
Cyber Group continues to strengthen its financial services practice by bringing another industry veteran on board. They are happy to announce that Allen Baumbach has joined Cyber Group as a Principal. Allen has over 25 years of experience in technology including software development, program management, and strategic innovation. He has led large......
CarVal Investors Launches Clean CLO Product Line
Investments News

CarVal Investors Launches Clean CLO Product Line

Fintech News Desk
by Fintech News Desk0
CarVal Investors, an established global alternative investment manager, announced the launch of the CarVal Clean CLO platform. The CLOs managed by the platform will utilize a new ESG risk assessment technology to pursue a high-performing, ESG-optimized portfolio which will be driven by proprietary technology developed by CarVal Investors and Insig......
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