The Fintech Occasions Bi-Weekly Information Roundup takes a have a look at the newest fintech tales from around the globe on Tuesday 24 June 2025.
Product updates and launches
Orchestr, a next-generation cost orchestration platform, has launched to assist world retailers simplify, optimise and scale their cost operations throughout markets. The platform is designed to unify fragmented cost processes, get rid of pointless prices and provides retailers full management and visibility over their cost flows. With entities in Bulgaria and the UK, Orchestr works with worldwide retailers throughout verticals corresponding to e-commerce, digital leisure, journey and monetary platforms.
Zopa Financial institution has unveiled the subsequent step in its growth and entrance into the UK present account market with a brand new providing referred to as Biscuit. Zopa boasts that the product goals to supplies the perfect worth available on the market with a typical buyer making £256 in cashback and curiosity per yr. Clients can hyperlink their exterior accounts within the Zopa App to handle their cash and make funds from one place.
Genpact, a worldwide digital transformation agency, has launched an AI-driven accounts payable suite. Constructed on Microsoft Azure, the toolset combines doc processing, predictive analytics and conversational AI to automate finance workflows. The Genpact AP Suite consists of 4 product modules, every with a community of AI brokers – AP Seize, AP Advance, AP Hint and AP Help.
Finery Markets, a supplier of non-custodial crypto buying and selling infrastructure, has launched a devoted platform for institutional stablecoin buying and selling. The brand new service presents personal buying and selling environments designed to scale back depeg danger and enhance capital effectivity. As stablecoin adoption surges, Finery Markets goals to supply the infrastructure wanted for liquid, compliant secondary markets throughout a number of blockchains.
Appointments
Béatrice Cossa-Dumurgier joins Revolut as CEO of its Western Europe HQ. She is going to oversee the event of Revolut’s actions in Western Europe, with a key deal with securing the corporate’s banking licence from the French banking regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), and the European Central Financial institution (ECB). Revolut’s new Western Europe headquarters in Paris, which can function the hub for Revolut’s banking operations within the area.
FloQast, an accounting transformation platform supplier, has appointed Sri Ramalingam as its new chief expertise officer. Ramalingam will lead FloQast’s expertise technique and innovation efforts, with a deal with advancing the corporate’s AI-powered automation capabilities, together with the lately launched FloQast AI brokers.
Michael Leach joins Kaizen, a supplier of regulatory compliance options for world monetary establishments, as chief income officer. Leach beforehand labored at London Inventory Change Group (LSEG), the place he performed a task in constructing UnaVista (now LSEG Regulatory Reporting Options) into a worldwide model.
Flexera, a expertise spend and danger administration firm, has named Chris Andersen as chief monetary officer. Andersen will lead the worldwide finance organisation for Flexera and its Revenera division, enjoying a pivotal position in scaling the corporate’s long-term progress and innovation agenda. Previous to Acquia, Andersen held senior monetary roles at Akamai Applied sciences, Progress Software program and Novel.
Ascot, a worldwide insurance coverage, reinsurance and underwriting companies group, appoints Steven Goldman to world head of distribution, the place he’ll develop, lead and execute Ascot’s world distribution technique, supporting the corporate’s mission to ship optimum service to its buying and selling companions.
Extra hires
Tandem Financial institution has named Neil Chandler as CEO. He most lately served as CEO of digital financial institution and banking-as-a-service supplier Aion Financial institution. He takes over from Alex Mollart, who stated “The timing’s proper for me to step down”. Chandler formally takes the reins on 30 June 2025, topic to regulatory approvals.
Broadridge Monetary Options proclaims Kenneth MacHarg as managing director, world head of futures and choices buying and selling. He’ll lead the business technique and initiatives for Broadridge’s F&O platform, a software-as-a-service answer that gives world, order and execution administration capabilities for futures fee retailers and company brokers.
FinTech Australia appoints Marnie Baker to its board as a non-executive director. Baker is the previous CEO and managing director of Bendigo and Adelaide Financial institution, present member of the Reserve Financial institution of Australia’s (RBA) financial coverage board, and a director of the Regional Australia Institute and Australian Retirement Belief. She additionally beforehand served as deputy chair of the Australian Banking Affiliation.
Partnerships
Grammarly has chosen Gr4vy’s cloud-based cost orchestration platform to reinforce flexibility and scale its world cost operations. The mixing allows Grammarly to attach with over 400 cost suppliers by means of a single no-code system, enabling sooner rollouts, lowered complexity and improved transaction efficiency. Gr4vy’s platform additionally helps redundancy, hosted cost fields, and automatic account updates to assist handle subscriptions and guarantee reliability at scale.
Open banking expertise supplier Ozone API has joined Plaid’s FDX-enabled Gateway Accomplice Program in a transfer to speed up API adoption throughout North America. The partnership allows monetary establishments to combine Ozone’s API platform with Plaid’s infrastructure, enabling simpler compliance with open banking requirements and broader connectivity to hundreds of fintech apps. The collaboration goals to assist banks scale safe, standards-based API companies extra effectively.
Vestwell has launched a brand new retirement financial savings choice for enterprise homeowners in Amazon’s Supply Service Accomplice (DSP) program. The providing makes use of a pooled employer plan (PEP) construction to simplify administration and develop entry to 401(ok) advantages for workers within the supply sector, a bunch that usually lacks entry to employer-sponsored retirement plans. Vestwell will function the plan supplier.
Funding and investments
Quinn, a monetary planning platform powered by synthetic intelligence, has emerged from stealth and raised $11million in seed funding led by Viola Fintech. The corporate presents embedded monetary recommendation instruments for establishments, aiming to scale personalised planning companies past conventional advisor-to-client fashions.
Digital Asset has secured $135million in a strategic funding spherical to speed up institutional adoption of the Canton Community, a public, permissioned blockchain designed for monetary markets. Backers embody DRW Enterprise Capital, Tradeweb, BNP Paribas, Circle Ventures, Citadel Securities and the DTCC. The funding will assist the combination of real-world property, corresponding to bonds, cash market funds and annuities.
Spinwheel has raised $30million in Collection A funding to scale its real-time shopper credit score information and funds platform. The spherical was led by F-Prime, with participation additionally from QED Traders, Basis Capital and Fika Ventures. The corporate, which claims to assist over 15 million customers and 165 million credit score and legal responsibility accounts, plans to develop its agentic AI capabilities and develop its go-to-market staff.
TBC Financial institution Uzbekistan has raised $12.5million in debt funding from Dutch impression investor Triple Leap to assist the rollout of its SME lending product. The brand new funding brings Triple Leap’s whole dedication to $22.5million and follows a $20million settlement with BlueOrchard earlier this yr. TBC UZ plans to make use of the capital to develop entry to finance for underserved teams in Uzbekistan, together with women-led companies.