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KINARA CAPITAL ANNOUNCES APPOINTMENT OF PARTHASARATHY N. S. TO COMPANY’S BOARD OF DIRECTORS

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Kinara Capital, a fast-growing fintech driving last-mile MSME financial inclusion, today announced the recent appointment of Parthasarathy N. S. (Partha) as a new Independent Director on the company’s Board of Directors (BoD). Partha is a well-renowned Information Technology (IT) leader with over 35+ years of experience in shaping engineering, organizational development, capacity building and more, for a wide range of organizations. Most notably, he is known as the Co-founder of Mindtree which he took from its startup phase to crossing the $1 billion revenue milestone as a listed company.

In addition to serving as an Independent Director, Partha is the Chair of the IT Strategy Committee for Kinara Capital. Known for emphasizing human-centric design principles and building impact-oriented solutions with technology, Partha’s wide start-up mentorship experience will bring a fresh perspective to Kinara.

Hardika Shah, Founder and CEO, Kinara Capital, said, “The addition of Parthasarathy N. S. (Partha) as an Independent Director marks a strategic milestone for Kinara Capital. Partha’s tactical insights, gleaned from his extensive experience in technology delivery and building fortified leadership will support our growth ambitions. Particularly, his hands-on experience with the consumerization of digital technology and knowledge of artificial intelligence (AI) will support our innovations as we continue to invest further in tech and expand our in-house development. We are immensely honored to have Partha join our Board of Directors.”

Sunil Gulati, Independent Director and Chairperson of the Board, Kinara Capital, said, “We are thrilled to welcome Parthasarathy N. S. (Partha) to Kinara Capital’s Board of Directors. Partha’s extensive expertise in technology coupled with his remarkable journey in building Mindtree, will be invaluable as Kinara Capital continues to scale and innovate. His commitment to fostering impactful solutions aligns perfectly with Kinara’s mission of driving financial inclusion. We look forward to his input and guidance on our board.”

Parthasarathy N. S. (Partha) on joining the Kinara Capital’s Board of Directors, said, “It is my privilege to join Kinara Capital as an Independent Director. Kinara’s commitment to financial inclusion and tech innovation are commendable, and I look forward to contributing to its continued success. I believe my experience in the technology and IT services sectors, along with my passion for sustainable growth and innovation, aligns perfectly with Kinara’s values. I look forward to collaborating with the board and management team to drive strategic initiatives and create value for all stakeholders.”

Currently, Partha is a Managing Partner at Mela Ventures, an organization dedicated to fostering tech entrepreneurship with a focus on solving real-world problems. Prior to this, he spent over two decades at the helm of Mindtree, a global technology consulting and digital solutions company. He served as the company’s Vice Chairman and COO at different times in Mindtree’s evolution taking it from a startup to a listed company. Prior to that, he worked for Wipro’s R&D team for over 14 years. He also served on the NASSCOM IT Services Council to improve market access for start-ups in India.

Apart from his stellar professional achievements, Partha is well-known for his philanthropic contributions. He is a Founding Director of the WeLive Foundation which supports young orphans transitioning out of childcare institutions. He has previously also served as the Director for the White Swan Foundation for Mental Health.

Parthasarathy N. S. joined as an Independent Director on Kinara Capital’s Board of Directors on April 29, 2024 and as the Chair of the IT Strategy Committee on August 6, 2024. Partha’s addition brings the total to four Independent Directors on Kinara’s BoD.

Kinara Capital’s Board of Directors holds 1/3rd independent directors and 1/3rd women representation with a total of 13 directors: Sunil Gulati, Arvind Kodikal, Arunprakash Srinivasarao Korati, Parthasarathy N. S. (Partha), Stephen LeeRavindra PisharodyAiswarya RaviHardika ShahRanjit ShahBhavna ThakurRekha Unnithan, Agustin Vitorica, and Geoff “Chester” Woolley.

Since inception, Kinara Capital has cumulatively disbursed more than INR 7,150+ crores across 1,22,900+ collateral-free business loans. The impact of this vast MSME financial inclusion has led to immense job creation and income generation in local economies across 100+ cities in India.

The post KINARA CAPITAL ANNOUNCES APPOINTMENT OF PARTHASARATHY N. S. TO COMPANY’S BOARD OF DIRECTORS appeared first on HIPTHER Alerts.

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Blocks & Headlines: Today in Blockchain (

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Welcome to Blocks & Headlines, your comprehensive daily briefing on the transformative world of blockchain. Today, we explore groundbreaking partnerships, economic innovations, and blockchain-powered initiatives redefining the future.

Sony Ventures Into Blockchain With New Identity Solutions

Sony has unveiled its latest blockchain-based digital identity solution designed to enhance privacy and security in the online space. This innovative system uses decentralized technology to manage digital credentials, making identity verification seamless and secure.

Sony’s venture reflects a broader trend among tech giants exploring blockchain’s potential to reshape data privacy and authentication systems.

Source: Sony Press Release


TRON’s Daily Revenue Skyrockets 119% in 2024

TRON has reported a staggering 119% increase in daily revenue, a testament to its innovative blockchain economic models. By leveraging smart contracts and a scalable infrastructure, TRON continues to attract developers and businesses seeking cost-efficient blockchain solutions.

This growth positions TRON as a leading player in the competitive blockchain ecosystem, setting benchmarks for others to follow.

Source: Bitcoin.com


MIGMIG Partners With XT.com to Bring Blockchain Rewards

MIGMIG, a blockchain gaming and rewards platform, has partnered with XT.com to expand its reach and user engagement. This collaboration aims to deliver unique blockchain-powered rewards while enhancing the gaming experience for users worldwide.

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The partnership highlights the increasing intersection of blockchain technology and entertainment, opening new avenues for user interaction.

Source: Bitcoinist


Nano Labs Supports the Inaugural Presidential Crypto Ball

Nano Labs has announced a partnership with the Inaugural Presidential Crypto Ball, emphasizing its commitment to fostering blockchain awareness. This high-profile event aims to bridge the gap between blockchain innovators and policymakers, paving the way for broader adoption.

The initiative underscores the importance of collaboration between the blockchain community and governmental bodies to shape the future of digital assets.

Source: PR Newswire


Bybit Card Partners With EnTravel for Luxury Travel Perks

Bybit has teamed up with EnTravel to offer its cardholders exclusive discounts on luxury travel experiences. This partnership integrates blockchain-powered payment solutions with high-end travel services, providing users with unparalleled convenience and value.

The move exemplifies how blockchain technology can enhance traditional industries, offering innovative solutions tailored to modern consumer needs.

Source: PR Newswire


Key Insights and Industry Trends

  1. Decentralized Identity: Sony’s blockchain-based solution addresses growing concerns over online security and privacy.
  2. Economic Innovations: TRON’s revenue surge highlights the profitability of scalable blockchain networks.
  3. Gaming and Blockchain: Partnerships like MIGMIG and XT.com showcase the potential of blockchain in entertainment.
  4. Policy and Collaboration: Nano Labs’ involvement in the Crypto Ball underscores the importance of industry-government dialogue.
  5. Luxury Integration: Bybit and EnTravel demonstrate blockchain’s ability to enhance traditional services.

 

The post Blocks & Headlines: Today in Blockchain ( appeared first on News, Events, Advertising Options.

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Fintech Pulse: Your Daily Industry Brief (Float Financial, Alza Fintech, Thrive Capital, Stripe, Unzer, Agora Data)

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Welcome to Fintech Pulse, your comprehensive daily update on the latest in financial technology. Today’s edition dives into funding rounds, leadership changes, and the evolving landscape of decentralized finance (DeFi) and fintech innovation.

Float Financial Secures $48.5 Million Series B Funding

Float Financial, a fintech startup positioned as the “Brex of Canada,” has successfully raised $48.5 million in a Series B funding round. The company aims to revolutionize financial services for small and medium-sized businesses (SMBs) across Canada, providing corporate cards and spend management solutions.

The funding will be used to expand its product offerings, invest in technology, and scale operations. With a growing demand for SMB-centric financial tools, Float is poised to challenge traditional banking systems and redefine how Canadian businesses manage their finances.

Source: TechCrunch


Alza Fintech Shuts Down Amid Industry Challenges

Alza Fintech, a promising startup backed by Thrive Capital and Stripe, has announced its closure. Known for its focus on financial inclusion for Latino communities, the company cited difficulties in scaling its operations and meeting market expectations.

This development reflects the broader challenges faced by niche fintech players in a competitive landscape. It also underscores the importance of sustainable growth strategies and robust operational frameworks in the fintech sector.

Source: Fortune


The Next Phase of DeFi: Fintechs and Exchanges Take the Lead

The decentralized finance (DeFi) space is entering a new phase, with fintech companies and exchanges taking a more active role in its evolution. Industry leaders are integrating DeFi functionalities into their platforms, making decentralized financial tools more accessible to mainstream users.

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This trend highlights a shift towards a hybrid model, combining traditional financial services with decentralized technologies. Experts believe this approach could bridge the gap between conventional finance and the blockchain ecosystem, driving broader adoption of DeFi solutions.

Source: Fortune Crypto


Leadership Update: Goetz Moeller Joins Unzer as CFO

German paytech Unzer has appointed Goetz Moeller as its new Chief Financial Officer (CFO). Moeller brings extensive experience in financial management and strategic planning, having held leadership roles in prominent European financial institutions.

Unzer’s decision to strengthen its leadership team comes as the company focuses on expanding its presence in the European payments market. Moeller’s expertise is expected to drive financial discipline and support Unzer’s ambitious growth plans.

Source: Fintech Futures


Agora Data Welcomes Jeremy Beck as VP of Sales Strategy

Agora Data has named Jeremy Beck as its Vice President of Sales Strategy. With a rich background in the auto industry, Beck is set to lead Agora’s efforts to enhance its data-driven financial solutions for auto dealerships.

This strategic hire aligns with Agora’s vision to leverage big data and AI to transform auto financing. Beck’s industry expertise will play a crucial role in strengthening client relationships and driving innovation in the auto finance sector.

Source: PR Newswire


Industry Trends and Analysis

The fintech sector continues to witness rapid advancements and dynamic shifts. Key trends to watch include:

  1. DeFi Mainstreaming: Increased integration of decentralized finance tools into traditional platforms.
  2. Leadership Transitions: Strategic hires to navigate growth and market complexities.
  3. Niche Challenges: Survival strategies for fintechs targeting specific demographics.
  4. Tech-Driven Solutions: Growing emphasis on AI and big data in financial services.
  5. Market Expansion: Scaling operations to address regional and global opportunities.

 

The post Fintech Pulse: Your Daily Industry Brief (Float Financial, Alza Fintech, Thrive Capital, Stripe, Unzer, Agora Data) appeared first on News, Events, Advertising Options.

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Fintech Pulse: Your Daily Industry Brief (Orion, Envestnet, Chime, Plaid, Brex, Dave, Fincover.com)

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In today’s edition of Fintech Pulse, we explore groundbreaking developments, leadership shifts, enforcement actions, and market trends that set the tone for 2025. As the fintech landscape continues its rapid evolution, these stories provide insights into the sector’s resilience and innovation.

Orion Welcomes Arun Anur as COO

Orion Advisor Solutions has announced the appointment of fintech veteran Arun Anur as Chief Operating Officer. With over two decades of experience in financial technology and operational leadership, Anur’s addition to the team is seen as a strategic move to enhance operational efficiency and scale services for financial advisors and their clients.

Anur’s extensive background includes leadership roles at firms like Envestnet and other high-profile fintech companies. He is expected to drive Orion’s growth by focusing on advanced technological solutions and client-centric strategies.

Source: Business Wire


Hiring Trends in Fintech Amid Market Volatility

Despite the challenges of a turbulent 2024, several fintech companies are actively hiring in 2025, signaling confidence in the sector’s long-term growth. Prominent names like Chime, Plaid, and Brex are expanding their teams, with a focus on engineering, compliance, and customer success roles.

Industry experts suggest that the hiring surge reflects a shift toward rebuilding trust and enhancing service delivery post-economic uncertainty. This also underscores the increasing need for robust regulatory compliance and innovative product development in a competitive market.

Source: TechCrunch


U.S. Legal Action Against Fintech App Dave

The U.S. Department of Justice has announced a civil enforcement action against fintech app Dave and its CEO, accusing them of deceptive practices that misled consumers about their overdraft services. The allegations claim that Dave misrepresented its fees and terms, potentially harming financially vulnerable users.

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This case highlights the heightened scrutiny fintech companies face as regulators aim to protect consumers from predatory practices. Industry leaders are watching closely, as this could set a precedent for future enforcement actions in the sector.

Source: Reuters


Fincover.com Launches Revolutionary Fintech Marketplace

Fincover.com has unveiled a groundbreaking fintech marketplace designed to streamline access to financial services. The platform aggregates offerings from multiple providers, enabling consumers and businesses to compare and select solutions tailored to their needs.

This innovative approach aims to enhance transparency and user experience in a crowded market. With features like AI-driven recommendations and real-time updates, Fincover.com is poised to redefine how financial products are discovered and adopted.

Source: GlobeNewswire


Singapore Leads SEA Fintech Funding with $995M in 2024

Singapore solidified its position as Southeast Asia’s fintech hub by securing $995 million in funding in 2024. This impressive figure highlights the city-state’s ability to attract global investors, thanks to its robust regulatory framework and supportive ecosystem.

Key areas of investment include digital payments, blockchain solutions, and insurtech. Analysts predict that Singapore’s leadership in fintech funding will continue to drive innovation and regional growth in the coming years.

Source: Singapore Business Review


Industry Insights and Trends

As we enter 2025, the fintech industry is navigating a complex landscape shaped by economic uncertainty, regulatory changes, and technological advancements. Here are key trends to watch:

  1. Regulatory Scrutiny: Increased enforcement actions emphasize the importance of compliance and ethical practices.
  2. Talent Acquisition: Strategic hiring in critical areas like technology and compliance reflects sector resilience.
  3. Marketplace Innovations: Platforms like Fincover.com are transforming how financial services are accessed.
  4. Regional Leadership: Singapore’s dominance in Southeast Asia highlights the value of strong ecosystems.
  5. Consumer Protection: Cases like the one against Dave underline the need for transparency and trust.

 

The post Fintech Pulse: Your Daily Industry Brief (Orion, Envestnet, Chime, Plaid, Brex, Dave, Fincover.com) appeared first on News, Events, Advertising Options.

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