FinTech news in CFO category
Shroder, who was promoted from president to CEO at Binance.US last October, has been focused on gearing up to take the company public since he took the top role. Jasmine Lee is coming on board at the company after serving as CFO and chief operating officer (COO) in a dual role at fintech app Acorns for nearly three years.
Crypto custody and fintech infrastructure startup Prime Trust is positioning itself to do just that, and the company has just raised over $100 million in fresh funding to add new products to its existing suite.
In a statement Ashutosh Bhatt, CEO of Pillar, said: Ever since I moved to the U.K. and found I couldn’t access any of the everyday products I had in India this has been a problem I have been passionate about solving. Adding to this roster is fintech startup Pillar, which has now raised a pre-seed round of £13 million ($16.9 million) led by Global Founders Capital and Backed VC. The company claims it will be able to provide immigrants with access to credit products when moving to a new country. Founded by Revolut alumni Ashutosh Bhatt and CTO, Adam Lewis, Pillar has an Open Banking-led data and analytics engine that will be launched in Q3 in 2022.
Delivery Hero worked within what you might think of as the hat trick of the e-commerce world — its three-sided marketplace comprised independent and larger restaurants, delivery people and millions of consumers ordering food; and, as an added layer of difficulty, all of them were making calls into and out of a payment system in real time, 24 hours a day, across dozens of markets, currencies, preferred payment methods and so on. By that, he means that it isn’t necessarily initially positioning itself as a point-of-sale provider or payment facilitator; it’s built a platform that will make it easier to integrate and work with any of these by way of APIs, to work more easily with a wider variety of third-party businesses (paying money in and taking it out), freelancers (payouts) and consumers (paying in), and with a wider variety of payment methods depending on the locale in question.