Fintech PR
NAG Forms “n2 Group” – A Radical New Technology Group Concept
OXFORD, England, Nov. 9, 2023 /PRNewswire/ — NAG, the algorithms and supercomputing company, today announced the formation of the n2 Group – a radical and significant shift in how established technology businesses can collectively innovate and achieve sustainable business growth.
n2 Group will develop a portfolio of investments into long-term focused, highly technical, established companies, reinvesting profits back into the group while continuing to fund key parts of the scientific and engineering communities. With no outside financial interests, the model ensures that every penny of earnings generated by its constituent businesses is effectively put to work in creating client value, supporting strategic growth, or making an impact in society.
As a key business within the n2 Group, NAG will maintain its established brand name and continue its market-leading operations across Energy, Aerospace and Financial Services. NAG’s unique value-driven approach is now extended by n2 Group to a portfolio business, including new companies that share NAG’s mission-based purpose, outlook and values.
Adrian Tate, CEO of n2 Group said “Small to medium-sized technology companies are the backbone of our economy, but despite delivering value to clients for years, expanding and innovating can be a challenge for them. Leaders of those companies believe in their mission and are often not interested in private equity or venture capital to fund growth. We’ve designed n2 Group to build critical business support that helps our companies develop as autonomous units within a collaborative group.”
Fundamental to the investment strategy of n2 Group is that established technology businesses significantly improve their chance of developing impactful future products and services when they collaborate as part of a dynamic collective, with frequent cross-pollination and exchange of ideas. By focusing on the future without unrealistic expectations around short-term growth, n2 Group is seeking to create a sustainable community of value generating businesses.
NAG has achieved remarkable client trust and commercial success for over five decades with a unique purpose-driven approach to technology and without the need for outside investment. The n2 Group builds on this concept but allows NAG to maintain its identity and strong reputation, continuing to service its core clients in both supercomputing services and numerical algorithms, while n2 Group can now help NAG and other businesses achieve long-term client success and sustainable growth.
About NAG
NAG provides industry-leading numerical software and technical services to banking and finance, energy, engineering, and market research, as well as academic and government institutions. World-renowned for the NAG Library – the most rigorous and robust collection of numerical algorithms available – NAG also offers Automatic Differentiation, Machine Learning, and Mathematical Optimization products, as well as world-class technical consultancy across HPC and Cloud HPC, and other areas of numerical computing. Founded more than 50 years ago from a multi-university venture, NAG is headquartered in Oxford, UK with offices in the UK, US, EU, and Asia.
Media inquiries: pr@nag.com, +44 01865 511245
www.nag.com
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View original content:https://www.prnewswire.co.uk/news-releases/nag-forms-n2-group–a-radical-new-technology-group-concept-301982202.html
Fintech PR
Stewardpoint Announces Co-Promotion and Data Licensing Agreement with Morningstar Sustainalytics
BOSTON, April 23, 2025 /PRNewswire/ — Stewardpoint, a pioneering provider of stewardship execution, tracking, and reporting tools, has announced today that it has entered into a co-promotion and data licensing agreement with Morningstar Sustainalytics, a leading independent ESG and corporate governance research, ratings and analytics firm. Asset managers, asset owners, NGOs, research providers and other sustainable investors will now be able to access Morningstar Sustainalytics company engagement data via the Stewardpoint platform. This collaboration will enable Stewardpoint users to more efficiently execute, manage, and report on their stewardship activities, ensuring alignment with their stewardship goals.
As part of this integration, Stewardpoint’s advanced stewardship tool will be available to Morningstar Sustainalytics clients who are part of the Stewardpoint platform. Morningstar Sustainalytics’ robust stewardship data solutions and services will be integrated into Stewardpoint’s platform, providing users with valuable insights to inform their decision-making processes.
“Incorporating Morningstar Sustainalytics data onto our platform represents a significant step forward in the stewardship landscape,” said Jeff Marsh, Founder and CEO of Stewardpoint, “By combining our stewardship tool with Morningstar’s rich stewardship data solutions and services, we are enhancing our user’s ability to make informed investment decisions and to demonstrate their prudent stewardship of the capital their clients have entrusted to them.”
“We are thrilled to work with Stewardpoint to enhance the stewardship capabilities available to our clients,” added Ruthann Bartello, Senior Director of Global Stewardship for Morningstar Sustainalytics. “Our clients now have more ways to access high quality stewardship tools and resources to effectively engage with their portfolio companies and navigate an increasingly complex and challenging investment landscape.”
This collaboration marks a significant advancement in the stewardship and engagement space, enabling investors to streamline their stewardship efforts while leveraging reliable data to drive their investment strategies and evidence the depth of their stewardship capabilities. As a result, investors will be better positioned to fulfill their fiduciary duties and align with their client’s stewardship objectives.
About Stewardpoint
Stewardpoint is an innovative technology company specializing in stewardship execution, management, and reporting tools designed for institutional investors and asset managers. We streamline the complex and critical processes of investment stewardship so that investors can perform their fiduciary duty and easily align with the stewardship goals of all constituents within the investment value chain.
Media Contacts:
Mason Gregory
Head of Investor Engagement
Stewardpoint
Mason@stewardpoint.com
View original content:https://www.prnewswire.co.uk/news-releases/stewardpoint-announces-co-promotion-and-data-licensing-agreement-with-morningstar-sustainalytics-302436010.html
Fintech PR
Surfin Meta Digital Technologies completes funding round of USD 26.5 million with Woori Venture Partners, Washington University in St. Louis and Phillip Private Equity, following initial raise with Insignia Ventures Partners
SINGAPORE, April 23, 2025 /PRNewswire/ — Surfin Meta Digital Technologies, Singapore-headquartered financial technology solutions provider for the underserved, announced the successful completion of its oversubscribed funding round on April 23 2025. Woori Venture Partners, Washington University in St. Louis, and Phillip Private Equity participated in this round, bringing total funding to USD 26.5 million.
This is a remarkable achievement and milestone from the initial investment of USD 12.5 million that was led by Insignia Ventures Partners in October 2024. It is also a reflection of continued investor confidence in Surfin’s business model and its mission to support the unbanked and underbanked in emerging markets.
With this additional capital, Surfin is well-positioned to build on its capabilities to develop more innovative technologies and build a sustainable digital financial ecosystem.
“I have always believed that financial inclusion is critical towards helping less privileged people who face difficulties to access even the simplest of financial services in emerging markets. We are proud to close our funding round with strong interest from well-known institutional investors that also stand testament to Surfin’s outstanding performance and potential to grow into a truly global fintech company. We are very excited to work with Insignia, Woori, Washington University in St. Louis, and Phillips, and believe they will provide us with additional guidance and resources with which to take on this challenge.”
Dr Yanan Wu, CEO and Founder. Surfin Meta Digital Technologies
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“Having partnered with many fintech companies over the years, it has been rare to find a company like Surfin bootstrapped and grown to scale across multiple markets, having to manage the complexities and nuances of each. It has the potential to truly become multi-country and multi-product, a trajectory rooted in the company’s depth of consumer data at scale, which can be harnessed to deliver hyper-local, hyper-personalized financial services. Surfin is at the forefront of a wave of companies driving equitable economic growth through data factories rather than physical ones. We are proud to see that their mission of financial inclusion for emerging markets has continued to attract the support of global investors.”
Mr Yinglan Tan, Founding Managing Partner of Insignia Ventures Partners
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“We are excited to back Dr Wu and his team in its ambition to redefine financial inclusion. Surfin has made remarkable progress in creating an ecosystem of technology-powered financial services across emerging markets such as Indonesia, Philippines, India and Mexico from Singapore. Even more impressive, it has done so bootstrapped before the current institutional round. We are looking forward to supporting Surfin in its next phase of expansion”
Mr Alan Ang, Director of Woori Venture Partners
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“Despite the challenging market environment, we have been impressed by Surfin’s continued commitment toward building a sustainable business model while delivering on its vision to bring financial inclusion for the less privileged in the region. We are proud to be part of this funding round by Surfin to support their continued growth journey to become a global fintech leader.”
Ms. Grace Tang, CEO and Managing Director of Phillip Private Equity, a member company of Phillip Capital Group
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The proceeds will be used to support Surfin’s development into new markets, as well as to expand the company’s research & development initiatives to build a holistic suite of intelligent financial products in these markets.
Haitong International Securities Singapore assisted as a financial advisor in this funding round.
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“We are honored to have supported Surfin and Dr. Wu in reaching this important milestone. The success of this round reflects the clarity of Surfin’s mission, the strength of its leadership, and the confidence it has earned from respected investors. Dr. Wu’s vision to advance financial inclusion through technology is both compelling and urgently needed across emerging markets. We look forward to seeing Surfin continue to scale its impact.”
Ms. Deng Luming, Chief Executive Officer of Haitong International Securities (Singapore) Pte. Ltd.
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About Surfin Meta Digital Technologies
Surfin is a financial technology platform that provides digital financial services for the unbanked and underbanked in emerging markets. The company provides services including consumer lending and credit cards, payments and remittances, wealth management as well as B2B services.
Surfin’s unique differentiation lies in its focus on utilising technology to provide a highly scalable platform across borders, and providing a deep ecosystem of transparent and innovative financial solutions. For more information please visit www.surfin.sg.
About Insignia Ventures Partners
Insignia Ventures Partners is a Southeast Asia early-to-growth stage venture capital firm partnering with unstoppable founders to build great companies. Since 2017, we have invested in emerging technology companies across industries and geographies in the region, including Carro, Ajaib, GoTo (IDX: GOTO), Appier (TSE: 4180), Fazz, Shipper, Tonik, Flip and Super, and many other technology market leaders. We partner early with founders and support them from seed through growth stage as their companies create meaningful impact for millions of people in Southeast Asia and beyond. With our team of investment and operating professionals who bring together decades of experience and proprietary networks, we equip our founders with the tools they need for growth. We manage capital from premier institutional investors including sovereign wealth funds, foundations, university endowments and renowned family offices from Asia, Europe and North America.
Learn more on our website, Insignia Business Review, our podcast On Call with Insignia (new episodes weekly on Spotify, Apple Podcasts, and YouTube), and these case studies from HBS and INSEAD.
Check out our public access toolkit for founders and investors looking into region, including term sheet generators, market statistics, cybersecurity scanner, and more. We also provide venture capital education programs for C-levels and senior execs through Insignia Ventures Academy.
Follow us on LinkedIn, Instagram, and Twitter.
About Woori Venture Partners
Woori Venture Partners is South Korea’s leading venture capital firm with a distinguished track record spanning over 40 years. Established in 1981, Woori Venture Partners has expanded its global presence with investment hubs in Silicon Valley, Shanghai and Singapore. With investments in over 2,000 companies, over 300 of which have successfully gone public, Woori Venture Partners is dedicated to driving innovation and fostering growth opportunities worldwide.
Woori Venture Partners officially opened its Singapore office in 2023, and its presence in Southeast Asia reflects the growing investment opportunities in the region. Woori Venture Partners has cultivated a portfolio of close to 15 investments from Southeast Asia and India across diverse sectors including B2B, consumer, deep-tech, fin-tech and Web3. The Singapore office is also exploring Web3 opportunities globally, with a particular focus on the intersection of financial services and blockchain.
About Washington University in St. Louis
Founded in 1853, Washington University in St. Louis is among the world’s leaders in teaching, research, patient care and service to society. WashU is distinctive in its purpose-driven scholarship across a wide range of academic disciplines, its highly supportive residential undergraduate experience and its world-class research enterprise, which addresses scientific, social and economic challenges locally, nationally and globally.
WashU maintains a long-term endowment which is managed by the WashU Investment Management Company. The endowment is invested globally across all asset classes with the primary purpose to support the university’s mission across generations.
About PhillipCapital
Since its inception as a stockbroker in 1975, PhillipCapital has grown into an integrated Asian financial house with a global presence and offers a full range of quality and innovative services to retail and high-net-worth individuals, family offices, as well as corporate and institutional customers. PhillipCapital offers a comprehensive suite of financial products and services including broking in securities, futures, foreign exchange, bonds, precious metals and commodities, unit trusts, contracts for difference, exchange-traded funds; fund management, managed accounts, insurance planning, regular savings plan, investment research, equity financing and property consultancy. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions. Today, the company headquartered in Singapore operates in the financial hubs of 15 countries, including offices in Australia, Cambodia, China (and Hong Kong SAR), India, Indonesia, Japan, Malaysia, Singapore, Spain, Thailand, Turkey, UK, UAE, USA and Vietnam, serving over 1 million clients with Assets Under Management of total more than USD 65 billion. Find out more information, please visit www.phillip.com.sg.
About Haitong
– Haitong International Securities (Singapore) Pte. Ltd.
Haitong International Securities (Singapore) Pte. Ltd. is a wholly-owned indirect subsidiary of Haitong International Securities Group Limited.
– Haitong International Securities Group Limited
Haitong International Securities Group Limited (“Haitong International”) is an international financial institution with established presence in Hong Kong and a rapidly expanding network across the globe. It strives to serve as a bridge linking up the Chinese and overseas capital markets.
Haitong International is well positioned to serve corporate, institutional, as well as high-net worth clients worldwide. Its well-established financial services platform provides a full spectrum of financial offerings including private wealth management, corporate finance, asset management and global markets businesses. Haitong International possesses a sound risk management system that is in line with international standards. Haitong International has a global financial servicing network covering the world’s major capital markets including Hong Kong, Singapore, New York, London, Tokyo, Mumbai and Sydney, thereby making it a world-class Chinese financial institution with international competitiveness, systemic importance and brand influence.
Contact:
media@surfin.sg
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Fintech PR
Fayafi Investment Holding Confirms Termination of Association with Former Executive President Patrick Pilati
DUBAI, UAE, April 23, 2025 /PRNewswire/ — Fayafi Investment Holding confirms that Mr. Patrick Pilati, who previously held the role of Executive President, is no longer affiliated with the company in any capacity. His position has been officially and permanently terminated.
Despite his former title, Mr. Pilati does not represent Fayafi in any way. Any public communication, media appearance, online content, or business material implying an ongoing association with Fayafi is entirely false, unauthorized, and misaligned with the company’s values and governance protocols.
Fayafi remains committed to building a future defined by transparency, integrity, and long-term regenerative investment strategies. The company continues to operate with a strong leadership team focused on innovation, ethical growth, and delivering exceptional value to its partners and investors.
Any misuse of the Fayafi name or brand identity will be addressed accordingly, and the company reserves all rights to pursue legal action to protect its reputation and stakeholders.
For all official updates and inquiries, please refer to Fayafi’s verified communication channels.
View original content:https://www.prnewswire.co.uk/news-releases/fayafi-investment-holding-confirms-termination-of-association-with-former-executive-president-patrick-pilati-302435971.html
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