Breaking News
PPRO appoints former Wayfair finance head as new CFO
PPRO, the leading provider of digital payments infrastructure, has appointed former Wayfair Europe finance chief Rahul Raswant as its new Chief Financial Officer. Rahul takes over the position from Götz Möller, who is stepping down after more than three years at the company. Rahul brings diverse international experience to the role. Prior to joining PPRO, he was the European Head of Finance at Wayfair for three years. Earlier roles include Managing Director at Standard Chartered Bank, investor at Passport Capital and close to a decade at McKinsey & Co. Rahul holds an MBA from Columbia Business School.
“I have the pleasure of welcoming Rahul Raswant to the team as our new CFO. Rahul’s mix of international consulting, banking, investing, enterprise and entrepreneurial experience will be valuable for the next phase of PPRO’s growth and development.
I’d also like to take this opportunity to thank Götz Möller for his huge contribution over the last three years helping reshape the business. Standout achievements include transforming our finance, treasury, legal & compliance, internal audit and enterprise risk functions, and playing a lead role in strategic acquisitions, divestments, and multiple funding rounds. In addition, he led our board and shareholder governance activities. On behalf of the whole team, I’d like to wish Götz all the best in his next career move and for the future,” said Simon Black, CEO of PPRO.
- Why Trust Is the New Payments Differentiator | Payment Spayce | Sagicor Bank | The Paytech Show #85 Read more
- Pleo: Solving SMBs’ “Frankenstein” Finance Problem Read more
- Bajaj Life Insurance Launches ‘Bajaj Life Opportunities Fund’, Capturing the Growth Opportunities Read more
- Incore Invest Completes the Acquisition of CoreOrchestration and Establishes PaymentIQ as a Standalone Company Read more
- Sverica Capital Management Announces the Promotions of Michael Dougherty to Partner, Doug Patrican to Principal and Welcomes Matt Johnson Read more
Incore Invest Completes the Acquisition of CoreOrchestration and Establishes PaymentIQ as a Standalone Company
Private equity firm Incore Invest has completed the acquisition of CoreOrchestration AB from Worldline. Upon closing, the previously announced carve-out has now been finalised and PaymentIQ has been established as an independent standalone company under Incore Invest’s ownership. The purchase price amounts to approximately SEK 1.75 billion.
J. Safra Sarasin Group Completes the Acquisition of Majority Stake in Saxo Bank
Safra Sarasin Group, a global leader in private banking and wealth management, has completed its acquisition of the majority stake in Saxo Bank, a prominent international FinTech bank serving investors, traders, and institutional partners. This transaction marks a significant milestone for both companies, enabling enhanced global potential and strategic growth.
Happy Money Introduces Partner-Branded Program to Help Credit Unions Drive Lending and Membership Growth
Happy Money, a leading consumer finance company dedicated to empowering people to achieve their goals through responsible lending, today announced the launch of its Partner-Branded Program, which includes partner-branded marketing and embedded delivery capabilities. This program enables financial institutions to offer personal loans to their members and reach new borrowers using the strength of their brand, while Happy Money manages marketing and the full lending lifecycle end-to-end.
N26 Announces Changes in Supervisory Board
Today, the investors of N26 decided on a change in the composition of its Supervisory Board. With immediate effect, Stefan Ermisch, an expert of the European banking sector, has been elected as a new Supervisory Board member of N26. As usual, his appointment is subject to approval by the German banking supervisory authority. Ermisch succeeds Peter Kleinschmidt, who steps down from the Board with immediate effect.
Eltropy Launches Industry’s First Agentic AI Platform for Credit Unions
Eltropy, the trusted leader in unified conversations, today launched the industry’s first Agentic AI platform for credit unions. The platform provides a safe environment where AI agents can be created, governed, integrated, and deployed. It unites the three key stakeholders of the credit union ecosystem:
ThetaRay and Matrix USA Solve AML’s Last-Mile Problem with a Turnkey AI Overlay to Modernize Legacy Rules Engines
ThetaRay, a global leader in Cognitive AI financial crime compliance, and Matrix USA, a premier global service integrator of anti-money laundering (AML), financial crime and compliance systems, today announced a strategic partnership designed to help financial institutions modernize their transaction monitoring programs ahead of major supervisory shifts coming into effect across the U.S. and Europe in 2026.
Revolut Research Highlights Opportunity to Elevate Financial Wellbeing in the UAE
Revolut suggests a significant opportunity to support residents with advanced money management tools and financial wellbeing solutions in the UAE
Why Trust Is the New Payments Differentiator | Payment Spayce | Sagicor Bank | The Paytech Show #85
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Pleo: Solving SMBs’ “Frankenstein” Finance Problem
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Bajaj Life Insurance Launches ‘Bajaj Life Opportunities Fund’, Capturing the Growth Opportunities
Bajaj Life Insurance, one of India’s leading private life insurers, today announced the launch of its New Fund Offer (NFO), the Bajaj Life Opportunities Fund (SFIN: ULIF011406/02/26BLOPNLC250116, Risk profile: Very High, Benchmark: Nifty Large Midcap 250). The fund is designed to provide investors with a strategic edge by combining the steady compounding potential of large-cap stocks with the higher growth potential of mid-cap companies. Available under Bajaj Life’s unit-linked insurance plans, the fund enables policyholders to pursue their long-term financial goals while benefiting from the dual advantage of life cover and professionally managed equity exposure.
Incore Invest Completes the Acquisition of CoreOrchestration and Establishes PaymentIQ as a Standalone Company
Private equity firm Incore Invest has completed the acquisition of CoreOrchestration AB from Worldline. Upon closing, the previously announced carve-out has now been finalised and PaymentIQ has been established as an independent standalone company under Incore Invest’s ownership. The purchase price amounts to approximately SEK 1.75 billion.
Sverica Capital Management Announces the Promotions of Michael Dougherty to Partner, Doug Patrican to Principal and Welcomes Matt Johnson
Sverica Capital Management, a leading growth-oriented private equity firm focused on the lower middle market, announced today the promotions of Michael Dougherty to Partner, Doug Patrican to Principal, and the hiring of Matt Johnson as a Principal.
J. Safra Sarasin Group Completes the Acquisition of Majority Stake in Saxo Bank
Safra Sarasin Group, a global leader in private banking and wealth management, has completed its acquisition of the majority stake in Saxo Bank, a prominent international FinTech bank serving investors, traders, and institutional partners. This transaction marks a significant milestone for both companies, enabling enhanced global potential and strategic growth.
CeFPro Advisory Board Appoints Escode GRC Solutions Lead Wayne Scott as Third-party Scrutiny Intensifies
CeFPro has appointed Escode’s Wayne Scott to its Advisory Board, as regulators step up scrutiny of operational resilience and third party risk across financial services.