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Recharge partners with ABN AMRO for €45 million to boost their M&A

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The partnership creates a formidable M&A war chest, enabling Recharge to seize opportunities in consolidating the prepaid payments industry.

LONDON, Jan. 16, 2025 /PRNewswire/ — Recharge, the European leader in online prepaid payments, has secured a €45 million facility with ABN AMRO to fuel its ambitious M&A strategy. This funding will enable the company to drive consolidation across markets, open new segments and overall strengthen its leadership position in the prepaid payments industry.

The €45 million facility is part of a broader strategy to leverage strategic acquisitions as a growth driver. Combined with Recharge’s robust cash reserves, and following previous funding rounds, it has created a substantial war chest for M&A and aims to close two to three deals in 2025.

The competitive tender process attracted a range of proposals, with ABN AMRO emerging as the preferred partner. The bank’s confidence in Recharge’s market potential and alignment with their strategic approach were key factors in securing the deal.

Bas Janssen, senior banker Digital and Consumer clients, ABN AMRO, said: “ABN AMRO is proud to support Recharge as they continue to scale and innovate in the prepaid payments sector. ABN AMRO is on a trajectory to become the preferred tech bank in the Netherlands and North West Europe. This collaboration reflects our appetite to support digital transformation —one of our three strategic pillars. We see great promise in Recharge’s growth trajectory as they broaden their reach within the global prepaid payments space.”

 Recharge’s CEO, Günther Vogelpoel, highlighted the company’s future outlook:
“This new facility comes at a pivotal time for Recharge as we embark on the next phase of our journey. I am excited to partner with ABN AMRO, whose support enables us to accelerate our growth strategy and reshape the prepaid payments landscape on our terms.”

The prepaid payments sector is evolving rapidly, fuelled by the shift from offline to online and the emergence of innovative use cases. Recharge’s unified digital solutions are at the forefront of this change, redefining how people and businesses leverage prepaid payment products. With 30% year-on-year revenue growth in 2024 and growing demand for its digital prepaid solutions, the company has the ambition to reach €1bn of sales in 2025.

PRESS QUERIES: [email protected]

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Seekapa Expands Portfolio to Over 600 Tradable Assets

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EDEN ISLAND, Seychelles, Jan. 16, 2025 /PRNewswire/ — Seekapa, a standout name in global trading companies, has unveiled a major enhancement to its offerings, now providing access to over 600 tradable assets. This expansion spans a wide array of asset classes, including stocks, cryptocurrencies, forex pairs, commodities, and indices, reinforcing its reputation as a one-stop destination for those seeking diversity and innovation.

Nick Zander, Seekapa spokesperson, highlighted the significance of this development: “Our mission is to empower members by offering them access to a diverse range of high-quality assets,” he said. “This latest expansion opens doors to greater opportunities, enabling users to diversify their portfolios and capitalize on new market trends effectively.”

A Good Way to Diversify Trading

The addition of these new assets is a direct reflection of Seekapa’s dedication to staying at the forefront of industry trends. Traders now have the opportunity to explore and invest in emerging sectors alongside traditional financial instruments. This expansion fosters greater diversification, allowing customers to capitalize on a variety of market conditions. The intuitive, user-friendly platform combined with powerful analytics tools offers a seamless experience for traders at all levels, ensuring they can make informed, strategic decisions regardless of market volatility.

Zander noted, “In an ever-changing financial landscape, staying ahead of the curve is essential. By expanding our offerings, we’re not just meeting the needs of our current users, we’re empowering them to stay competitive, well-informed, and adaptable to shifts in the market.”

Seekapa’s enhanced portfolio is part of a broader strategy to solidify its position as the go-to platform for global clients. The platform’s commitment to security, education, and user experience drives its ongoing efforts to redefine how traders engage with the market. As a result, the brand continues to set new industry benchmarks, providing unparalleled access and innovative solutions for users across the globe.

About Seekapa

Since its inception, Seekapa has emerged as a trailblazer in the trading industry, continuously pushing boundaries in the foreign exchange market. With a steadfast commitment to innovation, the firm has consistently developed and enhanced its products, services, and trading software to meet the evolving needs of traders worldwide.

By setting new benchmarks and redefining the trading experience, the broker remains dedicated to empowering its users with cutting-edge solutions and unmatched opportunities. As a leader in the industry, Seekapa continues to shape the future of trading through excellence and innovation.

Website: https://seekapa.com

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IBN Technologies Expands Virtual Bookkeeping Services in New York to Meet Rising Demand

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MIAMI, Jan. 16, 2025 /PRNewswire/ — The financial services sector is witnessing a surge in demand for virtual bookkeeping expertise as businesses grapple with a persistent talent shortage in accounting. This trend is driven by businesses seeking solutions to a persistent talent gap in the accounting sector, as many organizations face challenges in finding qualified professionals to meet their financial needs. 

The need for skilled virtual bookkeepers is surging globally, driven by increasingly complex financial landscapes and technological advancements. Businesses are increasingly seeking advanced expertise, with New York leading the way in adopting innovative solutions to meet the growing demand for skilled financial professionals.

Virtual bookkeeping in New York is stepping in to fill this talent gap by leveraging advanced technology and providing access to skilled financial professionals. As businesses face ongoing challenges in recruiting qualified accountants, these services offer a reliable and efficient solution to maintain financial accuracy and support sustained growth.

Book your 30-minute free consultation today and discover how virtual bookkeeper can simplify your business finances-https://www.ibntech.com/free-consultation/?pr=prnewswire

Industry Challenges

The growing reliance on virtual bookkeepers highlights the increasing demand for skilled professionals in major markets like New York. Businesses are navigating challenges such as financial inaccuracies, compliance risks, and delays in critical operations like payroll and tax filings. In 2025, the focus has shifted toward continuous professional development for bookkeepers, enabling them to adapt to evolving industry requirements and deliver efficient financial solutions.

Technology as a Solution

Cloud-based platforms, automation, and data analytics are becoming essential tools as businesses adopt innovative technology to address these challenges. These technological advancements are reshaping how virtual bookkeepers operate, with key metrics like accuracy and responsiveness now guiding service evaluations.

A Strategic Asset for Business Growth

Bookkeeping has transformed into a key strategic function, with professionals now tasked with providing actionable insights into cash flow management, financial forecasting, and long-term business growth strategies.

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“Virtual bookkeeping has shifted from a support function to a critical strategic asset,” noted Mehta. “Today’s bookkeepers drive financial agility and resilience, enabling businesses to thrive in a rapidly changing environment.”

Demand for Virtual Bookkeepers Soars in New York

New York is seeing a growing demand for virtual bookkeepers as businesses increasingly turn to technology-driven solutions for efficient financial management. This growing scarcity has raised concerns about financial accuracy, compliance risks, and delays in crucial tasks like payroll and tax filings. To address these challenges, businesses are increasingly turning to advanced outsourcing solutions.

Companies like IBN Technologies are helping businesses navigate these complexities by providing highly skilled accounting and bookkeeping services that ensure financial accuracy, regulatory compliance, and timely reporting.

“To stay competitive in 2025, virtual bookkeepers in New York and elsewhere will need to continuously upskill and adapt to the latest technological developments,” said Ajay Mehta, CEO IBN Technologies. ” This is crucial for responding to the evolving demands of the industry and improving client value.”

Setting the Stage for Success in 2025

The growing need for specialized virtual bookkeeping services is reshaping how businesses manage their finances. Companies are looking to virtual bookkeepers not just to manage their day-to-day operations, but to provide crucial insights and drive long-term strategic growth. With technology playing an increasingly important role in bookkeeping services, the industry is poised for continued innovation and transformation in the coming years.

As businesses seek to navigate complex financial landscapes and ensure compliance with ever-evolving regulations, the expertise of skilled virtual bookkeepers will be crucial in helping them achieve financial agility and operational success.

About IBN Technologies

IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.

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Contact Details:  
Pradip
[email protected]
+1 – 844 – 644 – 8440

USA:  
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130

India: Global Delivery Centre  
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037

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ThoughtFocus Appoints Sanjib Banerjee as Head of Global Payments

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ATLANTA, Jan. 16, 2025 /PRNewswire/ — ThoughtFocus, Inc. (“ThoughtFocus” or the “Company”), a leading provider of digital services and technology-enabled operations specializing in the financial services industry, is pleased to announce the appointment of Sanjib Banerjee as Head of the Global Payments Practice.

Sanjib will lead ThoughtFocus’ global payments strategy and growth, leveraging his deep industry expertise to align emerging market trends with client priorities. He will focus on delivering innovative, future-ready solutions that drive client success and reinforce ThoughtFocus’ leadership in the global payments’ ecosystem.

“Sanjib’s appointment underscores our commitment to client-centric innovation and strategic excellence,” said Santhosh Ananthakrishnan, Chief Business Officer, ThoughtFocus. “With his proven ability to translate macro trends into actionable strategies, Sanjib will help accelerate our growth, strengthen client relationships, and deliver transformative value across our global portfolio.”

Sanjib joins ThoughtFocus with more than two decades of experience driving growth and large-scale digital transformation in the payments and fintech industries. His leadership journey includes prominent roles at Cognizant, Deloitte, PwC, and U.S. Bank, where he consistently delivered strategic impact and fostered innovation across the financial ecosystem.

With extensive experience in building scalable frameworks, forging strategic partnerships, and anticipating industry trends, Sanjib will play a pivotal role in driving ThoughtFocus’ growth in the dynamic payments landscape.

ThoughtFocus is making substantial investments to better serve clients in the Payments Industry. By leveraging its intellectual property and harnessing the power of AI, the firm is driving innovation in this field.

About ThoughtFocus

ThoughtFocus helps forward-looking companies and organizations in the financial services, manufacturing, and higher education/public services sectors innovate and achieve a better future faster. ThoughtFocus’ innovative and cutting-edge technology solutions enable its customers to deploy new capabilities faster, deliver better user experiences, and drive operating efficiencies. With headquarters in the U.S., the company has more than 3000 employees in locations spread across five countries. For more information, please visit the company website www.thoughtfocus.com.

Contact:
ThoughtFocus, Inc.
14110 Dallas Pkwy,
Suite 250
Dallas, TX 75254,
United States
www.thoughtfocus.com

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