The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 8 April 2025.
Job moves
Cache, a fintech firm offering specialised products for managing large, concentrated stock positions for individuals and their advisors, has appointed Aaron White, an experienced professional boasting 16 years of experience in wealth management, as head of investor solutions. Shang Chou, who has experience building investment and fintech solutions for the asset and wealth management industry, also joins the team as Cache’s new head of institutional solutions.
International payments business Caxton has appointed Roger Bracken to its board in the position of non-executive director. Bracken brings a wealth of experience in payments and financial services to the role, having previously held leadership positions in international payments technology businesses, at NCR, First Data and, most recently, TSG.
Lee Dunne has been appointed as the new head of banking by European financial technology provider payabl. With over 20 years of leadership experience in payments, banking, and retail finance, Lee will oversee payabl.’s banking strategy, strengthening its global financial partnerships and expanding the company’s financial services infrastructure.
Titanbay, a European private markets platform, has welcomed Sheryl Needham as its new global head of distribution. Needham brings over 20 years of experience, having filled senior roles at BlackRock and AllianceBernstein. Her appointment is the latest in a series of strategic hires for Titanbay, as the firm scales its distribution and expands its international footprint.
Funding and investments
Middle Eastern payments infrastructure provider Fuse has raised $6.6million in a funding round led by Northzone. With the funding, Fuse will accelerate its plans to enable businesses to make payments across key markets in the region, including the UAE and Saudi Arabia.
Plaid, a payment institution regulated by the Financial Conduct Authority (FCA), has raised around $575million in a fundraise led by Franklin Templeton, alongside Fidelity Management and Research. It plans to use the proceeds of this round to address employee tax withholding obligations related to the conversion of expiring RSUs to shares, and offer some liquidity to its team.
Hawk, a European AI company focused on combating financial crime, has also annouced a major new funding round. It says the investment will act as a catalyst in its mission to help banks globally better detect and prevent money laundering and fraud more effectively using advanced AI.
Juspay, a payment infrastructure provider for enterprises and banks, has secured $60million as part of a Series D funding round. The company plans to enhance its AI capabilities to drive innovations that improve workforce productivity and merchant experience.
mytender.io, a fledgling AI-driven bid writing platform set up by two University of Southampton students, has attracted £250,000 in investment. The company plans to use the funding to rapidly scale its sales and marketing activity, with ambitions to become one of the biggest pieces of bid writing software in the world.
Launches
Balance, Canada’s oldest and largest digital asset custodian, has launched Balance Settlements, a new product enabling off-chain, immediate delivery of assets between clients and their counterparties. Balance Settlements enables the immediate delivery model at scale, streamlining bilateral settlement workflows between certain crypto platforms and their clients or users.
Lemon, a financing platform connecting software vendors and buyers with personalised, and more convenient access to capital, is launching a zero per cent interest financing product to the market. Backed by European bank Siemens, the product aims to boost cash-flow strength for SaaS vendors by enabling them to get paid upfront, whilst enabling customers to finance the product without additional interest.
Vistra, a business services provider, has unveiled a new strategic business proposition, Vistra Fund Solutions. The new offering will look to deliver expert services across funds and SPV administration globally, powered by a proprietary technology platform that leverages market-leading vendor systems.
Delio, a white-label private markets operating system provider, is launching Delio Core Lite, a new solution aiming to help smaller boutique wealth managers, GPs, distributors and investment service providers digitise their private market offerings and open up the potential for a more well-rounded client experience.
Credit intelligence and data company Octus has unveiled ‘CreditAI Vault’, a new AI-powered research tool aiming to change how buy-side professionals access and analyse critical private credit data. Built on Octus’ SOC2-certified environment, CreditAI Vault delivers secure intelligence that simplifies workflows and empowers data-driven decision-making.
Partnerships and M&As
Weezevent, a European event tech company, has completed its acquisition of Kaboodle (UK) and Weeztix (Netherlands, formerly Eventix) — two major players in the ticketing and live event space. This strategic move brings the group to 260 team members across nine countries, reinforcing its status as the largest independent event tech provider in Europe.
The African Development Bank and the Bank of Africa Tanzania have signed a $7.5million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania. The facility will support SMEs and local corporates engaged in the import sector.
