The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 24 June 2025.
Product updates and launches
Orchestr, a next-generation payment orchestration platform, has launched to help global merchants simplify, optimise and scale their payment operations across markets. The platform is designed to unify fragmented payment processes, eliminate unnecessary costs and give merchants full control and visibility over their payment flows. With entities in Bulgaria and the UK, Orchestr works with international merchants across verticals such as e-commerce, digital entertainment, travel and financial platforms.
Zopa Bank has unveiled the next step in its expansion and entrance into the UK current account market with a new offering called Biscuit. Zopa boasts that the product aims to provides the best value on the market with a typical customer making £256 in cashback and interest per year. Customers can link their external accounts in the Zopa App to manage their money and make payments from one place.
Genpact, a global digital transformation firm, has released an AI-driven accounts payable suite. Built on Microsoft Azure, the toolset combines document processing, predictive analytics and conversational AI to automate finance workflows. The Genpact AP Suite consists of four product modules, each with a network of AI agents – AP Capture, AP Advance, AP Trace and AP Assist.
Finery Markets, a provider of non-custodial crypto trading infrastructure, has launched a dedicated platform for institutional stablecoin trading. The new service offers private trading environments designed to reduce depeg risk and improve capital efficiency. As stablecoin adoption surges, Finery Markets aims to provide the infrastructure needed for liquid, compliant secondary markets across multiple blockchains.
Appointments
Béatrice Cossa-Dumurgier joins Revolut as CEO of its Western Europe HQ. She will oversee the development of Revolut’s activities in Western Europe, with a key focus on securing the company’s banking licence from the French banking regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), and the European Central Bank (ECB). Revolut’s new Western Europe headquarters in Paris, which will serve as the hub for Revolut’s banking operations in the region.
FloQast, an accounting transformation platform provider, has appointed Sri Ramalingam as its new chief technology officer. Ramalingam will lead FloQast’s technology strategy and innovation efforts, with a focus on advancing the company’s AI-powered automation capabilities, including the recently launched FloQast AI agents.
Michael Leach joins Kaizen, a provider of regulatory compliance solutions for global financial institutions, as chief revenue officer. Leach previously worked at London Stock Exchange Group (LSEG), where he played a role in building UnaVista (now LSEG Regulatory Reporting Solutions) into a global brand.
Flexera, a technology spend and risk management company, has named Chris Andersen as chief financial officer. Andersen will lead the global finance organisation for Flexera and its Revenera division, playing a pivotal role in scaling the company’s long-term growth and innovation agenda. Prior to Acquia, Andersen held senior financial roles at Akamai Technologies, Progress Software and Novel.
Ascot, a global insurance, reinsurance and underwriting services group, appoints Steven Goldman to global head of distribution, where he will develop, lead and execute Ascot’s global distribution strategy, supporting the company’s mission to deliver optimal service to its trading partners.
More hires
Tandem Bank has named Neil Chandler as CEO. He most recently served as CEO of digital bank and banking-as-a-service provider Aion Bank. He takes over from Alex Mollart, who said “The timing’s right for me to step down”. Chandler officially takes the reins on 30 June 2025, subject to regulatory approvals.
Broadridge Financial Solutions announces Kenneth MacHarg as managing director, global head of futures and options trading. He will lead the commercial strategy and initiatives for Broadridge’s F&O platform, a software-as-a-service solution that provides global, order and execution management capabilities for futures commission merchants and agency brokers.
FinTech Australia appoints Marnie Baker to its board as a non-executive director. Baker is the former CEO and managing director of Bendigo and Adelaide Bank, current member of the Reserve Bank of Australia’s (RBA) monetary policy board, and a director of the Regional Australia Institute and Australian Retirement Trust. She also previously served as deputy chair of the Australian Banking Association.
Partnerships
Grammarly has selected Gr4vy’s cloud-based payment orchestration platform to enhance flexibility and scale its global payment operations. The integration enables Grammarly to connect with over 400 payment providers through a single no-code system, enabling faster rollouts, reduced complexity and improved transaction performance. Gr4vy’s platform also supports redundancy, hosted payment fields, and automated account updates to help manage subscriptions and ensure reliability at scale.
Open banking technology provider Ozone API has joined Plaid’s FDX-enabled Gateway Partner Program in a move to accelerate API adoption across North America. The partnership enables financial institutions to integrate Ozone’s API platform with Plaid’s infrastructure, enabling easier compliance with open banking standards and broader connectivity to thousands of fintech apps. The collaboration aims to help banks scale secure, standards-based API services more efficiently.
Vestwell has introduced a new retirement savings option for business owners in Amazon’s Delivery Service Partner (DSP) program. The offering uses a pooled employer plan (PEP) structure to simplify administration and expand access to 401(k) benefits for employees in the delivery sector, a group that often lacks access to employer-sponsored retirement plans. Vestwell will serve as the plan provider.
Funding and investments
Quinn, a financial planning platform powered by artificial intelligence, has emerged from stealth and raised $11million in seed funding led by Viola Fintech. The company offers embedded financial advice tools for institutions, aiming to scale personalised planning services beyond traditional advisor-to-client models.
Digital Asset has secured $135million in a strategic funding round to accelerate institutional adoption of the Canton Network, a public, permissioned blockchain designed for financial markets. Backers include DRW Venture Capital, Tradeweb, BNP Paribas, Circle Ventures, Citadel Securities and the DTCC. The funding will support the integration of real-world assets, such as bonds, money market funds and annuities.
Spinwheel has raised $30million in Series A funding to scale its real-time consumer credit data and payments platform. The round was led by F-Prime, with participation also from QED Investors, Foundation Capital and Fika Ventures. The company, which claims to support over 15 million users and 165 million credit and liability accounts, plans to expand its agentic AI capabilities and grow its go-to-market team.
TBC Bank Uzbekistan has raised $12.5million in debt funding from Dutch impact investor Triple Jump to support the rollout of its SME lending product. The new funding brings Triple Jump’s total commitment to $22.5million and follows a $20million agreement with BlueOrchard earlier this year. TBC UZ plans to use the capital to expand access to finance for underserved groups in Uzbekistan, including women-led businesses.
