Fintech PR
Growth performance sparks investor confidence in Aevi’s in-person payment orchestration platform
LONDON, Jan. 30, 2024 /PRNewswire/ — Aevi, the industry-leading platform provider for in-person payment orchestration, proudly achieved a transformative phase of growth in 2023 as it demonstrated resilience and success, marked by an impressive +25% growth in recurring revenues during a period of industry average suppressed growth rates.
Following Aevi’s separation from Diebold Nixdorf last September, led by HPE Growth, an established pan-European growth equity firm, Aevi showed compelling developments in growth, efficiency, and profitability, underscoring its strategic trajectory as a fully independent company. This acceleration further cemented the trust and conviction of its current shareholders and resulted in HPE Growth providing additional investment capital to further accelerate the company’s sustainable growth momentum to further scale, solidify its competitive advantage, and enhance the product platform used by market-leading clients.
Frederic Huynen, Partner at HPE Growth, commented, “We recognize Aevi as the frontrunner in the market of in-person payment orchestration to enable the most reliable, secure but flexible omnichannel payment experience. Aevi’s embedded platform, distinguished by its openness and API-driven architecture, offers a unique value proposition to among others PSP and ISV customers to integrate POS payments and data across all channels, to maximize the payment experience for the merchants and their end-clients.”
“Having operated independently and owned by a growth-equity shareholder has already proven to benefit our agility, stakeholder alignment, and independent strategic evolution. Being well-funded, Aevi eagerly anticipates a thriving 2024 together with its supportive and trusting shareholders. Finally, Aevi can focus on what is central in its culture – the customer,” stated Mike Camerling, CEO at Aevi. “The injection of additional financing from HPE Growth is a testament to our shared vision and confidence in Aevi’s capabilities. This strategic move underscores our commitment to pushing the boundaries of in-person payment orchestration.”
As Aevi embarks on this next dynamic chapter, the company remains focused on its commitment to shaping the future of card-present payments with its orchestration solutions connecting the world of POS with eCommerce in Europe and the US and invites stakeholders, partners, and clients to join them on this exciting journey.
About Aevi
Aevi leads in-person payment orchestration with innovative, industry-redefining solutions. Their global, open platform is API-driven, device-agnostic, and solution-independent, enabling seamless payments and data flow across all channels.
Aevi’s journey beginning in 2012 as part of Diebold Nixdorf, saw significant milestones, including investments from HPE (2016) and Mastercard (2021). In 2023, HPE Growth acquired Diebold Nixdorf’s stake, propelling Aevi into a new phase of entrepreneurial expansion.
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Contact: Sarah Koch, [email protected], +49 5251 6941554
View original content:https://www.prnewswire.co.uk/news-releases/growth-performance-sparks-investor-confidence-in-aevis-in-person-payment-orchestration-platform-302046764.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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