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PayU Finance continues to bolster senior leadership team, elevates Bhavik Kaul as Chief Product Officer

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PayU Finance, which owns LazyPay, India’s preferred Buy Now Pay Later solution and PaySense, a full stack personal loans company, has elevated Bhavik Kaul as the company’s Chief Product Officer (CPO), further strengthening its leadership team to scale up the business and pave the way for the next phase of growth. He will be responsible for building and expanding the product portfolio aligned to PayU Finance’s ambition of creating a full-stack digital financial services platform to serve all financial needs of consumers in India.

In his new position as Chief Product Officer, Bhavik will lead a 40-member team across product, design and program management and will focus on building product portfolios under ‘Buy Now, Pay Later’ (BNPL) deferred payment, EMI at checkout, cards, personal loans up to INR. 10 lakhs, savings & investment products including gold, crypto and personal finance management. Bhavik has over a decade of experience in building products in the consumer internet space with expertise across content, gaming, social, commerce, hyperlocal logistics, organic farming and now FinTech. He has played an instrumental role in growing revenue lines for businesses and has demonstrated strong product management, strategic and operational leadership.

Commenting on Bhavik’s elevation, Prashanth Ranganathan, CEO, PayU Finance, saidIndia’s credit ecosystem remained resilient despite the pandemic and consumer demand especially for products such as Buy Now, Pay Later gained momentum. Bhavik has demonstrated exceptional capabilities by laying a strong product foundation and bringing multiple and unique possibilities of the PayU Finance offering to life, such as BNPL via UPI and flexible repayments for small ticket sizes. He will play a vital role in the evolution of our existing products, while also driving the development of innovative new products and revenue streams to fuel further growth. Through our innovative product offerings, we aim to achieve $1.5 billion in credit disbursals in the next five years”.

Bhavik Kaul, Chief Product Officer, PayU Finance, saidIndia is highly underserved in the retail credit space with a deficit of over $300 billion. While the top of the pyramid has always enjoyed access via big banks, the same has not been the case for the rest of India. At PayU Finance, our goal is to enable financial inclusion by focusing on data & ML algorithms to provide responsible credit to the next 250 million Indian users. To this end, we have developed a strong culture of innovating quickly, testing, learning and then scaling. We will continue to listen closely to our customers and work with our merchants, banking and network partners to enable diverse fintech experiences which are frictionless, easy to understand and anti-predatory”.

Bhavik joined PayU Finance in 2020 and spearheaded the development of LazyPay (India’s largest BNPL product) with the objective of enabling more Indians with easy access to credit solutions. In his previous role as the Vice President and Product Head at LazyPay, Bhavik launched several innovative products such as BNPL through UPI, converting UPI transactions to EMIs, flexible repayments for small ticket sizes and most recently, a fully functional deep integration with merchants with a grey labelled credit product, called Dunzo Pay Later. Under his leadership, LazyPay witnessed a 5X growth in the BNPL segment.

Before working with PayU Finance, Bhavik was the Director of Products for User, Growth & Marketplace at Dunzo, heading the product and design team and helped Dunzo grow to over 2 million orders per month by revamping the entire B2C platform and user flows in less than a year. He has also contributed to growth of companies such as Hike, Microsoft, Deloitte and was previously the Co-Founder of Ek Titli, a Pune based Organic farming startup.

Fintech PR

How to Become a Utility Trailer Dealer

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JINING, China, April 29, 2025 /PRNewswire/ — Becoming a utility trailer dealer offers a rewarding opportunity for entrepreneurs looking to serve local businesses and build steady income. Drawing from years of real-world experience, James Ge, founder of Rhinotrail, shares the essential steps for launching a successful dealership.

Understand Industry and Local Demand

Starting with a clear understanding of the trailer industry is critical. Entrepreneurs are encouraged to study the needs of local customers, from landscapers and contractors to farmers and municipalities. Regional trends and seasonal demands can shape inventory planning and sales strategies.

Handle Licensing, Insurance, and Compliance

Legal setup must be a priority. Dealers need to register their business, obtain appropriate dealer licenses, and secure insurance coverage. Requirements vary by state and county, making early research with local DMV or DOT offices essential. Proper compliance protects the business and builds trust with customers from the start.

Build Strong Manufacturer Partnerships

Establishing partnerships with trusted manufacturers gives dealers access to reliable inventory and competitive pricing. Visiting production facilities, reviewing warranty policies, and understanding minimum order expectations help future dealers select manufacturers who support their long-term success.

Choose a Strategic Sales Location

A dealership’s location should offer high visibility, easy accessibility, and appropriate zoning for trailer sales. Entrepreneurs are encouraged to start lean by renting space if necessary, focusing on clear organization and professional presentation of inventory to attract buyers.

Manage Inventory Smartly and Focus on Marketing

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Starting with popular trailer types, such as utility, dump, and enclosed models, allows new dealers to meet common customer needs without overextending capital. Marketing efforts should include a mobile-friendly website, listings on platforms like Facebook Marketplace and Craigslist, and local partnerships to build brand visibility.

Deliver Exceptional Customer Service and Financing Options

Strong customer service creates loyalty and word-of-mouth growth. Dealers who offer clear advice, transparent pricing, and after-sale support quickly differentiate themselves. Offering financing options through local banks or finance companies helps expand the customer base by making larger purchases more accessible.

James Ge and Rhinotrail believe that becoming a utility trailer dealer is a practical and achievable business move for entrepreneurs ready to take action.

Entrepreneurs ready to build their own dealership can contact Rhinotrail today to explore reliable trailer solutions and expert support.

For more information, contact:

Rhinotrail

Website: rhinotrail.com

Email: rhinotrailbusiness@gmail.com

Phone: +65 97708910

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View original content:https://www.prnewswire.co.uk/news-releases/how-to-become-a-utility-trailer-dealer-302440569.html

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LG Energy Solution Establishes Battery Recycling Joint Venture with Derichebourg

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  • Companies to build pre-processing facility in northern France to extract ‘black mass.’
  • Construction to begin in 2026; operations to commence in 2027
  • LG Energy Solution marks a critical first step toward a closed-loop system in Europe to strengthen value chain competitiveness.

SEOUL, South Korea, April 28, 2025 /PRNewswire/ — LG Energy Solution has announced plans to establish a joint venture with Derichebourg, the French leader in metal waste recycling, to build a state-of-the-art battery recycling plant.

Construction will begin in 2026 in Bruyères-sur-Oise, located in the Val-d’Oise region of northern France, with operations scheduled to commence in 2027.

The new plant will specialize in pre-processing, such as discharging, dismantling and shredding battery scrap—waste generated during battery production—as well as the collection of end-of-life EV batteries.

Marking LG Energy Solution’s first battery recycling joint venture in Europe, this state-of-the-art facility will have a processing capacity of over 20,000 tons per year at its full operation.

The black mass extracted at the pre-processing facility will undergo further post-processing to recover key battery raw materials such as lithium, nickel, and cobalt, which will then be used in LG Energy Solution’s battery production.

Under the agreement, LG Energy Solution will supply battery scrap from its facility in Poland, while Derichebourg will provide end-of-life EV batteries collected from France and surrounding countries.

Through this joint venture, LG Energy Solution is accelerating the development of a closed-loop[1] resource circulation system in Europe. This aligns with the company’s goals to enhance raw material sourcing stability and strengthen its value chain competitiveness, while reinforcing Europe’s sustainable battery recycling ecosystem.

Considering the EU Battery Regulation, which mandates a minimum level of recycled content in batteries sold in Europe starting in 2031, this partnership will also effectively address upcoming regulatory requirements. In addition, the collaboration aims to support car manufacturers seeking to establish a closed-loop battery recycling system, further promoting a circular economy.

Derichebourg operates over 200 collecting sites in France and over 285 sites worldwide. LG Energy Solution and Derichebourg plan to deepen their strategic partnership and expand their joint efforts in the battery recycling business.

“This collaboration enables us to secure a stable and cost-competitive supply of recycled battery materials from the advanced processing of end-of-life batteries and battery scrap,” said Chang Beom Kang, CSO of LG Energy Solution. “This initiative will also significantly enhance the value we deliver to customers in the recycling sector.”

“This partnership fully supports our ambition to develop industrial solutions with a high environmental added value, while strengthening the local roots of our activities,” said Abderrahmane El Aoufir, CEO of Derichebourg.

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[1] Closed-loop system: Enables the recycling of used batteries and the reuse of recovered materials in new battery production.

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 69,600 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

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Fintech Pulse: Your Daily Industry Brief – April 29, 2025 – Thunes, AI Agents, Railsr & Equals, Surfin, UK Fintech, Visa

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Good morning, Fintech insiders! Welcome to Fintech Pulse, your daily op-ed–style briefing on the stories shaping our industry. Today we cover six major developments—from blockbuster funding rounds to cutting-edge AI trends, high-profile mergers, and education initiatives—alongside incisive commentary to help you stay ahead of the curve.


1. Thunes Secures US$150 M Series D to Fuel U.S. Expansion

Key News
Cross-border payments innovator Thunes has closed a US$150 million Series D round led by Apis Partners and Vitruvian Partners, marking its largest ever capital raise. The Singapore-based fintech, which connects traditional banking rails to digital wallets in over 130 countries, will deploy the proceeds to expand its Direct Global Network and deepen its newly-licensed U.S. operations across all 50 states. CEO Floris de Kort highlighted Thunes’ US$150 million revenue run-rate and positive EBITDA as proof that rapid growth and financial discipline can go hand in hand.

Analysis & Opinion
Thunes’ ability to attract blue-chip growth capital underscores a broader investor appetite for cross-border payment platforms that tackle real-world inefficiencies. With remittance corridors booming and digital wallets proliferating, Thunes is well-positioned to capture market share in the U.S., where instant, low-cost transfers are still nascent. Yet, scaling a global network poses regulatory and compliance challenges; the true test will be executing seamless integrations with U.S. banks and digital wallets without sacrificing speed or reliability. If Thunes can replicate its international success domestically, it could trigger a new wave of consolidation among smaller regional players.

Source: FinTech Magazine


2. Forbes Spotlights AI Agents for Investment Research

Key News
In a thought-provoking piece, Forbes’ Jeff Kauflin identifies “AI agents” as fintech’s next frontier for deep investment research. Leading platforms—from trading app Robinhood to nimble NYC startups—are deploying autonomous AI agents that process vast datasets (SEC filings, earnings calls, macro reports) to generate actionable insights faster than human analysts. These agents can simulate investment theses, adjust portfolios in real time, and even draft regulatory filings.

Analysis & Opinion
The shift toward autonomous AI in asset management is inevitable, but it raises profound questions about accountability and transparency. While AI agents promise cost efficiencies and 24/7 research capabilities, financial firms must guard against overreliance on black-box models. Rigorous backtesting, explainable-AI frameworks, and human-in-the-loop oversight will be essential to mitigate model drift and guard against false signals—especially in volatile markets. Firms that navigate this balance effectively will gain an edge, but regulators are watching closely and may soon demand disclosures on algorithmic decision-making.

Source: Forbes


3. Railsr and Equals Merge in £283 M Deal to Forge Embedded Finance Powerhouse

Key News
UK-based Railsr (formerly Railsbank) has agreed to acquire Equals Group in an all-cash £283 million transaction, creating one of Europe’s largest embedded finance platforms. Under the terms, Equals shareholders will receive 140 pence per share (135 pence cash plus a 5 pence special dividend). The deal—expected to close in Q2 2025—brings together Railsr’s BaaS/CaaS capabilities (virtual cards, balance holding, open banking) with Equals’ strengths in cross-border payments (FairFX, CardOneMoney). Leadership teams from both firms, including Ian Strafford-Taylor (CEO, Equals) and Philippe Morel (CEO, Railsr), will spearhead the integration.

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Analysis & Opinion
This merger signals a coming era of embedded finance consolidation. By pooling resources, Railsr-Equals will offer end-to-end solutions—from issuing payment instruments to facilitating international transactions—under one roof. Cross-selling opportunities abound, but integration risks loom large: aligning technology stacks, unifying compliance frameworks, and retaining client trust will be critical. Success here could set a new M&A benchmark in embedded finance, prompting VCs and strategic investors to reevaluate other mid-market fintechs as future roll-up targets.

Source: FinTech Magazine


4. Singapore’s Surfin Meta Digital Technologies Nets US$26.5 M

Key News
Surfin Meta Digital Technologies, a Singapore-based fintech serving the underbanked, has closed US$26.5 million in a fresh round led by Insignia Ventures Partners, with participation from Woori Venture Partners, Washington University in St. Louis, and Phillip Private Equity. Founded by Dr Yanan Wu, Surfin’s platform spans consumer lending, payments, and wealth management services for emerging markets. Proceeds will fuel expansion into new geographies and bolster R&D for intelligent financial products.

Analysis & Opinion
Surfin’s focus on underserved segments taps a massive, often overlooked market. As interest in financial inclusion intensifies, platforms like Surfin that marry tailored lending with digital onboarding can leapfrog legacy institutions. Yet competition is heating up, with incumbents and neobanks eyeing similar demographics. Surfin must differentiate via superior credit-scoring algorithms and localized partnerships. The level of institutional investor support here suggests confidence in its unit economics—but execution will hinge on balancing rapid scale-up against credit risk management.

Source: FinSMEs


5. Inside the Rapid Rise of UK Fintech

Key News
The UK’s fintech workforce now exceeds 82,000, with projections to surpass 100,000 within two years—a testament to a sector that has thrived on regulatory support, talent density, and customer demand for digital services. From London-based challengers (Monzo, Starling) to BaaS platforms and insurtechs, the ecosystem has become a global benchmark.

Analysis & Opinion
The UK’s ability to cultivate fintech lies in its “sandboxes,” progressive open-banking mandates, and close ties between HM Treasury and the FCA. Yet Brexit uncertainties and visa restrictions pose lingering talent challenges. Firms must continue to advocate for flexible immigration policies and invest in domestic upskilling to sustain momentum. Moreover, the next phase will emphasize AI-driven personalization, regtech, and cross-sector collaborations (e.g., healthtech + fintech). The UK is at a crossroads: maintain its edge by adapting to emerging technologies, or risk ceding ground to agile hubs in Asia and North America.

Source: Yahoo Finance


6. University of Notre Dame and Visa Launch Fintech Foundations Program

Key News
The Meruelo Family Center for Career Development at the University of Notre Dame, in partnership with Visa, has introduced the inaugural Visa Fintech Foundations Program—a six-week immersive for undergraduates. Covering fundamentals of banking, digital currencies, decentralized finance, and industry career pathways, the pilot drew over 40 students within 48 hours of launch. Industry experts from Visa led weekly sessions, one-on-one consultations, and a capstone project. The program will run again in Fall 2025, with plans to expand to other universities.

Analysis & Opinion
As fintech reshapes finance, academia-industry alliances like this are vital to bridge the skills gap. Visa’s investment signals a recognition that tomorrow’s fintech leaders must understand both technology and regulatory nuances. Programs of this sort create a talent pipeline and foster brand affinity—benefitting both students and sponsors. The broader question: can similar models scale across disciplines (insurtech, regtech, wealthtech) and institutions? If so, we may see a new standard for fintech curricula, combining theory, practice, and peer networking.

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Source: University of Notre Dame

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